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The global industrial wax market attained a value of about USD 10.5 billion in 2020. The industrial wax market is further expected to grow in the forecast period of 2021-2026 at a CAGR of approximately 4.5% to reach USD 13 billion by 2026. The Asia Pacific region accounts for the highest market share due to the rising consumption and production of products like coatings, candles, and packaging products.
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Properties and Applications
Industrial waxes have excellent lubrication and moisture barrier capabilities and are therefore primarily used in foodstuffs packaging. Such waxes can protect dried foods against humidity or reduce the loss of moisture in the packaged food. However, a wax coating protects food during shipping and handling. In addition, a wax-coated paper is a cost-effective, efficient wrapping, which protects products from moisture, water, and grazing.
Based on its type, the industrial wax market can be divided into:
Fossil based waxes can be further divided:
Mineral waxes can be divided into montan wax (lignite/brown coal) and ozokerite. Petroleum waxes, meanwhile, are divided into paraffin wax (long-chain alkanes) and microcrystalline wax.
Synthetic based wax is segmented into:
Bio-based waxes are broadly classified into:
The industrial wax market can be broadly categorised based on its applications into:
The EMR report looks into the regional industrial wax markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The personal care sector is seeing a significant growth due to the increased consumer demand. Industrial wax is used for the improvement of the viscosity and durability of these personal care products as well as cosmetic products. Thus, the rising demand for personal care products is significantly increasing the demand for industrial wax.
The growing demand for industrial applications has led to an increase in research and development activities. Scientists are also focusing on developing techniques to expand industrial wax applications. Industrial wax is being produced on 3D printers as an alternative to plastic.
The report presents a detailed analysis of the following key players in the global industrial wax market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industrial wax market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces models.
Key Questions Answered in the Report:
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Key Industry Trends
3.3 Market Scope and Segmentation
3.4 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Industrial Wax Market Analysis
6.1 Global Industrial Wax Market (2016-2020) & Forecast (2021-2026)
6.2 Global Industrial Wax Market Breakup by Type
6.2.1 Fossil Based Waxes
18.104.22.168 Mineral Waxes
22.214.171.124.1 Montan Wax (Lignite/Brown Coal)
126.96.36.199 Petroleum Waxes
188.8.131.52.1 Paraffin Wax (Long-Chain Alkanes)
184.108.40.206.2 Microcrystalline Wax
6.2.2 Synthetic Based Wax
220.127.116.11 Poly-Olefin Waxes/ Alpha-Olefin Waxes
18.104.22.168 Fischer-Topsch Waxes (GTL, CTL, BTL)
6.2.3 Bio-Based Waxes
22.214.171.124 Vegetable Waxes (Candelilla Wax, Carnauba Wax)
126.96.36.199 Animal Waxes (Beeswax, Chinese Wax, Tallow, Lanolin)
6.3 Global Industrial Wax Market Breakup by Type: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.1 Fossil Based Waxes
188.8.131.52 Mineral Waxes
184.108.40.206.1 Montan Wax (Lignite/Brown Coal)
220.127.116.11 Petroleum Waxes
18.104.22.168.1 Paraffin Wax (Long-Chain Alkanes)
22.214.171.124.2 Microcrystalline Wax
6.3.2 Synthetic Based Wax
126.96.36.199 Poly-Olefin Waxes/ Alpha-Olefin Waxes
188.8.131.52 Fischer-Topsch Waxes (GTL, CTL, BTL)
6.3.3 Bio-Based Waxes
184.108.40.206 Vegetable Waxes (Candelilla Wax, Carnauba Wax)
220.127.116.11 Animal Waxes (Beeswax, Chinese Wax, Tallow, Lanolin)
6.4 Global Industrial Wax Market Breakup by Application
6.4.3 Coatings and Polishes
6.4.4 Hot Melt Adhesives
6.4.5 Tyres and Rubber
6.4.6 Cosmetics and Personal Care
6.5 Global Industrial Wax Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
6.5.3 Coatings and Polishes
6.5.4 Hot Melt Adhesives
6.5.5 Tyres and Rubber
6.5.6 Cosmetics and Personal Care
6.6 Global Industrial Wax Market by Region
6.6.1 North America
18.104.22.168 United States of America
22.214.171.124 United Kingdom
6.6.3 Asia Pacific
6.6.4 Latin America
6.6.5 Middle East & Africa
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
6.7 Global Industrial Wax Market by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.7.1 North America
220.127.116.11 United States of America
18.104.22.168 United Kingdom
6.7.3 Asia Pacific
6.7.4 Latin America
6.7.5 Middle East & Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 EMR’s Key Indicators for Demand
10 EMR’s Key Indicators for Price
11 Regional Price Analysis
11.1 North America Historical Price Trends (2016-2020) & Forecast (2021-2026)
11.2 Europe Historical Price Trends (2016-2020) & Forecast (2021-2026)
11.3 Asia Pacific Historical Price Trends (2016-2020) & Forecast (2021-2026)
11.4 Latin America Historical Price Trends (2016-2020) & Forecast (2021-2026)
11.5 Middle East & Africa Historical Price Trends (2016-2020) & Forecast (2021-2026)
12 Competitive Landscape & Supplier Analysis
12.1 China Petrochemical Corporation [600028 (SHA)]
12.1.1 Company Overview
12.1.2 Financial Analysis
12.2 Royal Dutch Shell PLC [RDSA (AMS)]
12.2.1 Company Overview
12.2.2 Financial Analysis
12.3 Petrobras [Brazilian Government]
12.3.1 Company Overview
12.3.2 Financial Analysis
12.4 Exxon Mobil Corporation [XOM (NYSE)]
12.4.1 Company Overview
12.4.2 Financial Analysis
12.5 Sasol Limited [SOL (JSE)]
12.5.1 Company Overview
12.5.2 Financial Analysis
12.6 NK Lukoil PAO [LKOH (MCX)]
12.6.1 Company Overview
12.6.2 Financial Analysis
12.7 Numaligarh Refinery Limited [Bharat Petroleum]
12.7.1 Company Overview
12.7.2 Financial Analysis
13 Events and Developments
Additional Customization Available:
14 Feedstock Analysis
15 Procurement Strategy
15.1 Value Chain Analysis
15.2 Contract Terms
15.3 Buying and Sourcing Trends
15.4 Storage and Warehousing
15.5 Certifications and Regulations
15.6 Risk Factors
16 Trade Data Analysis
16.1 Major Exporting Countries: By Value and Volume
16.2 Major Importing Countries: By Value and Volume
17 Manufacturing Process
17.1 Detailed Process Flow
17.2 Operations Involved
17.3 Mass Balance
18 Cost Analysis and Project Economics
18.1 Land, Location and Site Development
18.3 Plant Machinery
18.4 Cost of Raw Material
18.9 Other Capital Investment
19 Production Cost Analysis
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