Wax Market 2022 to 2027 - Global Overview, Trends, Share, Size and Forecast Report

Comments · 80 Views

IMARC Group expects the market to reach a value of US$ 12.03 Billion by 2027, exhibiting a CAGR of 3.40% during 2022-2027.

IMARC Group’s latest research report, titled “Wax Market: Global Industry Share, Size, Growth, Trends, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

The global wax market reached a value of US$ 9.72 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 12.03 Billion by 2027, exhibiting a CAGR of 3.40% during 2022-2027.

Wax is a diverse class of organic compounds that exist as malleable and lipophilic solids at room temperature. It can be of various types, including mineral, synthetic, natural, microcrystalline, etc. These wax variants are insoluble in water but soluble in organic and non-polar solvents and are utilized as a base material and additive to aid processing applications. They have excellent anti-caking and insulation properties and are resistant to ultraviolet (UV) rays, microorganisms, moisture, and odor. As a result, wax materials are extensively utilized to manufacture candles, cosmetics, adhesives, rubber, automotive polishes, etc.

Request a PDF Sample Copy for more detailed market insights: – https://www.imarcgroup.com/wax-market/requestsample

Important Attribute and highlights of the Report:

  • Detailed analysis of the global market share
  • Market Segmentation type, form, application and region.
  • Historical, current, and projected size of the market in terms of volume and value
  • Latest industry trends and developments
  • Competitive Landscape for wax market
  • Strategies of major players and product offerings

The inflating demand for personal care products, cosmetics, and several home decor items, such as colored and scented candles, on account of the changing lifestyle patterns of the consumers, is primarily driving the global wax market. Besides this, the growing product adoption in printing ink formulations, hot melt adhesives, coating solutions, etc., is also positively influencing the market growth.

Furthermore, the rising utilization of wax variants in food containers, flexible packaging, folding cartons, corrugated containers, etc., owing to their water-, moisture-, and vapor-resistant properties, is acting as another significant growth-inducing factor. Besides this, the development of bio-based wax, including vegetable wax, by the market players to meet the escalating consumer preference for renewable and eco-friendly products is expected to propel the wax market over the forecasted period.

Key Players Included in Global Research Report:

  • Baker Hughes Company
  • Cepsa
  • China Petrochemical Corporation
  • Eni S.p.A.
  • Evonik Industries AG
  • Exxon Mobil Corporation
  • HF Sinclair Corporation
  • Honeywell International Inc.
  • Mitsui Chemicals Inc.
  • Nippon Seiro Co. Ltd.
  • Sasol Limited
  • Shell plc.

Do you know more information, Contact to our analyst at– https://www.imarcgroup.com/wax-market

COVID-19 Impact on Market: (Positive Impact)

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Segmentation:

Breakup by Type:

  • Mineral Wax
  • Synthetic Wax
  • Natural Wax
  • Others

Breakup by Form:

  • Flakes
  • Granules
  • Powder
  • Others

Breakup by Application:

  • Candles
  • Cosmetics
  • Packaging
  • Emulsions
  • Hot Melts
  • Floor Polishes
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

TOC for the Wax Market Research Report:

  • Preface
  • Scope and Methodology
  • Executive Summary
  • Introduction
  • Global Wax Market
  • SWOT Analysis
  • Value Chain Analysis
  • Price Analysis
  • Competitive Landscape

Who we are:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact us:


30 N Gould St, Ste R

Sheridan, WY (Wyoming) 82801 USA

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

For your travel needs visit www.urgtravel.com