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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, Food, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Industrial Wax 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.

 

Global 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.

 

Global Industrial Wax Market By Type

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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.

 

Global Industrial Wax Market By Region

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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.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region
Breakup by Type Fossil Based Waxes, Synthetic Based Wax, Bio-Based Waxes
Breakup by Application Candles, Packaging, Coatings and Polishes, Hot Melt Adhesives, Tyres and Rubber, Cosmetics and Personal Care, Food, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered China Petrochemical Corporation [600028 (SHA)], Royal Dutch Shell PLC [RDSA (AMS)],
Petrobras [Brazilian Government], Exxon Mobil Corporation [XOM (NYSE)],
Sasol Limited [SOL (JSE)], NK Lukoil PAO [LKOH (MCX)], Numaligarh Refinery Limited [Bharat Petroleum], Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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
            6.2.1.1    Mineral Waxes
                6.2.1.1.1    Montan Wax (Lignite/Brown Coal)
                6.2.1.1.2    Ozokerite
            6.2.1.2    Petroleum Waxes
                6.2.1.2.1    Paraffin Wax (Long-Chain Alkanes)
                6.2.1.2.2    Microcrystalline Wax
        6.2.2    Synthetic Based Wax
            6.2.2.1    Poly-Olefin Waxes/ Alpha-Olefin Waxes
            6.2.2.2    Fischer-Topsch Waxes (GTL, CTL, BTL)
        6.2.3    Bio-Based Waxes
            6.2.3.1    Vegetable Waxes (Candelilla Wax, Carnauba Wax)
            6.2.3.2    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
            6.3.1.1    Mineral Waxes
                6.3.1.1.1    Montan Wax (Lignite/Brown Coal)
                6.3.1.1.2    Ozokerite
            6.3.1.2    Petroleum Waxes
                6.3.1.2.1    Paraffin Wax (Long-Chain Alkanes)
                6.3.1.2.2    Microcrystalline Wax
        6.3.2    Synthetic Based Wax
            6.3.2.1    Poly-Olefin Waxes/ Alpha-Olefin Waxes
            6.3.2.2    Fischer-Topsch Waxes (GTL, CTL, BTL)
        6.3.3    Bio-Based Waxes
            6.3.3.1    Vegetable Waxes (Candelilla Wax, Carnauba Wax)
            6.3.3.2    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
            6.6.1.1    United States of America
            6.6.1.2    Canada
        6.6.2    Europe
            6.6.2.1    Germany
            6.6.2.2    United Kingdom
            6.6.2.3    France
            6.6.2.4    Italy
            6.6.2.5    Others
        6.6.3    Asia Pacific
            6.6.3.1    China
            6.6.3.2    Japan
            6.6.3.3    India
            6.6.3.4    ASEAN
            6.6.3.5    Others
        6.6.4    Latin America
            6.6.4.1    Brazil
            6.6.4.2    Argentina
            6.6.4.3    Mexico
            6.6.4.4    Others
        6.6.5    Middle East & Africa
            6.6.5.1    Saudi Arabia
            6.6.5.2    United Arab Emirates
            6.6.5.3    Nigeria
            6.6.5.4    South Africa
            6.6.5.5    Others
    6.7    Global Industrial Wax Market by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        6.7.1    North America
            6.7.1.1    United States of America
            6.7.1.2    Canada
        6.7.2    Europe
            6.7.2.1    Germany
            6.7.2.2    United Kingdom
            6.7.2.3    France
            6.7.2.4    Italy
            6.7.2.5    Others
        6.7.3    Asia Pacific
            6.7.3.1    China
            6.7.3.2    Japan
            6.7.3.3    India
            6.7.3.4    ASEAN
            6.7.3.5    Others
        6.7.4    Latin America
            6.7.4.1    Brazil
            6.7.4.2    Argentina
            6.7.4.3    Mexico
            6.7.4.4    Others
        6.7.5    Middle East & Africa
            6.7.5.1    Saudi Arabia
            6.7.5.2    United Arab Emirates
            6.7.5.3    Nigeria
            6.7.5.4    South Africa
            6.7.5.5    Others
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    Industry Events and Developments

Additional Customisations Available:

1    Manufacturing Process
    1.1    Detailed Process Flow
    1.2    Operations Involved
    1.3    Mass Balance
2    Cost Analysis and Project Economics
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment
 

Key Questions Answered in the Report

In 2020, the global industrial wax market attained a value of nearly USD 10.5 billion.

The market is projected to grow at a CAGR of 4.5% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 13 billion by 2026.

The major drivers of the industry, such as the rising consumption and production of products like coatings, candles, and packaging products, increased consumer demand for personal care sector, and increasing research and development activities, are expected to aid the market growth.

The key market trend guiding the growth of the industrial wax industry includes the development of technologies to expand industrial wax applications.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the Asia Pacific accounting for the largest market share.

The major types of industrial wax in the industry are fossil-based, synthetic based, and bio-based waxes.

The significant application sectors of the product in the market are candles, packaging, coatings and polishes, hot melt adhesives, tyres and rubber, cosmetics and personal care, and food, among others.

The major players in the industry are China Petrochemical Corporation, Royal Dutch Shell PLC, Petrobras [Brazilian Government], Exxon Mobil Corporation, Sasol Limited, NK Lukoil PAO, and Numaligarh Refinery Limited [Bharat Petroleum], among others.

Analyst Review

The global industrial wax market attained a value of USD 10.5 billion in 2020, driven by the increasing consumer demand for personal care products. Aided by the development of new technologies, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 4.5%. The market is projected to reach USD 13 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the industrial wax industry can be segmented into fossil-based, synthetic based, and bio-based waxes. On the basis of applications, the industry is divided into candles, packaging, coatings and polishes, hot melt adhesives, tyres and rubber, cosmetics and personal care, food, and others.  The major regional markets for industrial wax are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the leading market share. The key players in the above market include China Petrochemical Corporation, Royal Dutch Shell PLC, Petrobras [Brazilian Government], Exxon Mobil Corporation, Sasol Limited, NK Lukoil PAO, Numaligarh Refinery Limited [Bharat Petroleum], and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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