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Global Industrial Wax Market: By Type: Fossil Based Waxes, Synthetic Based Wax, Bio-Based Waxes; By Application: Candles, Packaging, Coatings and Polishes, Hot Melt Adhesives, Tyres and Rubber, Cosmetics and Personal Care, Food, Others; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2016-2020); Production and Consumption Forecast (2021-2026); SWOT Analysis; Regional Price Analysis; Competitive Landscape & Supplier Analysis; Feedstock Analysis; Procurement Strategy; Trade Data Analysis; Manufacturing Process; Cost Analysis and Project Economics

Global Industrial Wax Market Key Insights:


  • Market Overview
  • Market Opportunities
  • Regional Market Analysis
  • Historical Market Size 2016-2020
  • Competitive Landscape
  • SWOT Analysis
  • Market Forecast 2021-2026
  • Events and Developments
  • Market Indicators


Market Outlook

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.

Industrial Wax Market

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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
  • Synthetic Based Wax
  • Bio-Based Waxes

Fossil based waxes can be further divided:

  • Mineral Waxes
  • Petroleum Waxes

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:

  • Poly-Olefin Waxes/ Alpha-Olefin Waxes
  • Fischer-Topsch Waxes (GTL, CTL, BTL)

Bio-based waxes are broadly classified into:

  • Vegetable Waxes (Candelilla Wax, Carnauba Wax)
  • Animal Waxes (Beeswax, Chinese Wax, Tallow, Lanolin)

The industrial wax market can be broadly categorised based on its applications into:

  • Candles
  • Packaging
  • Coatings and Polishes
  • Hot Melt Adhesives
  • Tyres and Rubber
  • Cosmetics and Personal Care
  • Food
  • Others

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.

Market Analysis

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.

Competitive Landscape

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:

  • China Petrochemical Corporation 
  • Royal Dutch Shell PLC 
  • Petrobras [Brazilian Government]
  • Exxon Mobil Corporation [NYSE: XOM]
  • Sasol Limited 
  • NK Lukoil PAO 
  • Numaligarh Refinery Limited [Bharat Petroleum]
  • Others

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:

  • How has the global industrial wax market performed in the previous years (2016-2020)?
  • What is the forecast assessment of the industrial wax market for 2021-2026?
  • What are the major drivers of the historical (2016-2020) and forecast (2021-2026) periods?
  • What are the major constraints of the historical (2016-2020) and forecast (2021-2026) periods?
  • What are the major price indicators of the global industrial wax market?
  • What are the major demand indicators of the global industrial wax market?
  • What are the price trends in the global industrial wax market?
  • Who are the key players in the global industrial wax market?
  • What is the degree of competition in the global industrial wax market?
  • What are the major events and developments taking place within the global industry?

1    Preface
    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
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    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
      Mineral Waxes
          Montan Wax (Lignite/Brown Coal)
      Petroleum Waxes
          Paraffin Wax (Long-Chain Alkanes)
          Microcrystalline Wax
        6.2.2    Synthetic Based Wax
      Poly-Olefin Waxes/ Alpha-Olefin Waxes
      Fischer-Topsch Waxes (GTL, CTL, BTL)
        6.2.3    Bio-Based Waxes
      Vegetable Waxes (Candelilla Wax, Carnauba Wax)
      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
      Mineral Waxes
          Montan Wax (Lignite/Brown Coal)
      Petroleum Waxes
          Paraffin Wax (Long-Chain Alkanes)
          Microcrystalline Wax
        6.3.2    Synthetic Based Wax
      Poly-Olefin Waxes/ Alpha-Olefin Waxes
      Fischer-Topsch Waxes (GTL, CTL, BTL)
        6.3.3    Bio-Based Waxes
      Vegetable Waxes (Candelilla Wax, Carnauba Wax)
      Animal Waxes (Beeswax, Chinese Wax, Tallow, Lanolin)
    6.4    Global Industrial Wax Market Breakup by Application
        6.4.1    Candles
        6.4.2    Packaging
        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
        6.4.7    Food
        6.4.8    Others
    6.5    Global Industrial Wax Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
        6.5.1    Candles
        6.5.2    Packaging
        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
        6.5.7    Food
        6.5.8    Others
    6.6    Global Industrial Wax Market by Region
        6.6.1    North America
      United States of America
        6.6.2    Europe
      United Kingdom
        6.6.3    Asia Pacific
        6.6.4    Latin America
        6.6.5    Middle East & Africa
      Saudi Arabia
      United Arab Emirates
      South Africa
    6.7    Global Industrial Wax Market by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        6.7.1    North America
      United States of America
        6.7.2    Europe
      United Kingdom
        6.7.3    Asia Pacific
        6.7.4    Latin America
        6.7.5    Middle East & Africa
      Saudi Arabia
      United Arab Emirates
      South Africa
7    SWOT Analysis
    7.1    Overview
    7.2    Strengths
    7.3    Weaknesses
    7.4    Opportunities
    7.5    Threats
8    Porter’s Five Forces Analysis
    8.1    Overview
    8.2    Buyer’s Power
    8.3    Supplier’s Power
    8.4    New Entrants
    8.5    Degree of Rivalry
    8.6    Substitutes
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
        12.8    Others
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
    18.2    Construction
    18.3    Plant Machinery
    18.4    Cost of Raw Material
    18.5    Packaging
    18.6    Transportation
    18.7    Utilities
    18.8    Manpower
    18.9    Other Capital Investment
19    Production Cost Analysis

Analyst Review


EMR is one of the foremost business intelligence and market research companies with a database of syndicated and customised reports spanning more than 100 industries across global and regional markets. We leverage the knowledge of our highly skilled team of over 100 analysts and more than 3000 independent consultants to provide our clients with thoroughly researched and reliable data tailored to their requirements. We help our clients, who range from Fortune 1000 companies to medium and niche enterprises, make informed strategic decisions through our varied tools and methodology.

Our meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. We understand the distinct nature and requirements for each industry and thus, modify our methodology to best fit the industry in question. Our research methodology uses a combination of cutting-edge analytical tools and the expertise of our highly accomplished team, thus, providing our customers with industry insights that are accurate, actionable, and help them remain ahead of their competition. EMR’ s fine-tuned research methodology and data analysis, formulated through years of cross-industry experience of our team, ensure that our clients are provided with:

  • Value-added and infallible market intelligence.
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Our approach gives our clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources.

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Market Assessment

Our market assessments determine the global and regional production and consumption of the product, according to their value and volume. We identify the key growth drivers, opportunities, and restraints that might promote or hinder the future industry growth along with an expansive overview of the competitive landscape to help our clients make informed strategic decisions. We also take into account the demographic, economic, cultural, and political factors that might influence the market.

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