Global Wax Market – Drivers, Opportunities, Trends & Forecasts up to 2021

Wax is a class of hydrocarbon fats which melts above 40°C and provides a low viscosity liquid after melting. These are insoluble in water but are soluble in nonpolar, organic solvents. Emerging economies and increasing usage of wax in coatings and polishes are driving the wax market.  Increasing usage in the construction projects and in the manufacturing units have added to the growth of the market. This is further aided by the rising consumer base and increasing applications in the cosmetic formulations.

Paraffin wax is the largest segment in the wax market resulting with large number of application areas and relatively cheaper price. Candle making has the highest market share, which is being driven by the increasing demand for perfume candles in hotels and restaurants especially in the developed countries. Asia Pacific is the largest consumer of wax, which is supported by China. The market is highly consolidated with few multinational companies having more than half of the market share. Some of the prominent companies in the market are BASF SE, Dow Chemical Company and Akzo Nobel N.V., among many others.

The study of the global wax market ensures a 360° view, bringing out the complete key insights of the industry. These insights help the business decision makers to make better business plans. The study provides a better understanding of the companies in the market.

Report Scope:

  • Types
    • Animal wax
    • Paraffin Wax
    • Plant wax
    • Others
  • End-Uses
    • Adhesives
    • Candle Making
    • Coating & Polishes
    • Cosmetics
    • Lubricants
    • Others
  • Regions
    • Asia Pacific
    • Europe
    • North America
    • Rest of the World
  • Industry outlook: market trends and drivers, restraints, and opportunities

 

1       Report Outline

1.1            Introduction

1.2            Report Scope

1.3            Market Definitions

1.4            Research Methodology

1.4.1             Data Collation & In-House Estimation

1.4.2             Market Triangulation

1.4.3             Forecasting

1.5            Study Declarations

1.6            Report Assumptions

1.7            Stakeholders

2       Executive Summary

3       Market Positioning

3.1            Total Addressable Market (TAM): Hydrocarbon Fats

3.1.1             Market Overview

3.1.2             Major Trends

3.2            Segmented Addressable Market (SAM)

3.3            Related Markets

4       Market Outlook

4.1            Overview

4.2            Value Chain Analysis

4.3            PESTLE Analysis

4.4            Porter 5 (Five) Forces Analysis

4.5            Patents Analysis

5       Market Characteristics

5.1            Market Segmentation

5.2            Market Dynamics

5.2.1             Drivers

5.2.2             Restraints

5.2.3             Opportunities

5.2.4             DRO – Impact Analysis

6       Wax Types: Market Size and Analysis

6.1            Overview

6.2            Animal wax

6.3       Paraffin Wax

6.4            Plant Wax

6.5            Vendor Profiles

 (Overview, products/services, geographic revenues, recent developments, business focus, SWOT analysis and business strategy for all vendors)

7       Wax End-Uses: Market Size and Analysis

7.1            Overview

7.2            Adhesives

7.3            Candle Making

7.4       Coating & Polishes

7.5       Cosmetics

7.6       Lubricants

7.7       Customer Profiles

 (Overview, product usage, geographic revenues, recent developments, and business strategy for all customers)

8       Regions: Market Size and Analysis

8.1            Overview

8.2            North America

8.3            Europe

8.4            Asia Pacific

8.5            Rest of the World

9       Companies To Watch For

10    Competitive Landscape

10.1         Competitor Product & Geography Benchmarking

10.2         Market Landscape

10.2.1           Key Strategies Adopted

Annexure

Acronyms

Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

infoholic Research Methodology

Market related information is congregated from both primary and secondary sources.

Primary sources involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.