Global industrial wax markets, 2021-2025: candles, packaging, coatings and polishes, hot melt adhesives, tires and rubber, cosmetics and personal care, food

The “Industrial Wax Market by Type (Fossil Based Wax, Synthetic Wax, Bio-based Wax), Application (Candles, Packaging, Coatings & Varnishes, Hot Melt Adhesives, Tires & Rubber, Cosmetics & Personal Care, Food) & Region – Forecast worldwide until 2025 “ the report was added to ResearchAndMarkets.com offer.

The industrial wax market was $ 7.3 billion in 2020 and is expected to reach $ 8.9 billion by 2025, with a CAGR of 4% as of 2020.

Waxes are the main constituents of candle production around the world. Paraffin, microcrystalline, animal and vegetable wax is mainly used for making various types of candles depending on the requirements such as fragrance, color, burning time and environmental friendliness. These candles are used for decoration, festive ceremonies because of their religious beliefs, their way of life and their lifestyle.

The growing cosmetics and personal care industry is supporting the growth of the market.

Increasing population, changing lifestyle, increasing living standard of per capita income and growing concerns are the major factors supporting the growth of cosmetics and personal care industry. The global cosmetics market topped USD 246 billion in 2019 and recorded 5.5% growth compared to 2018. In addition, the growth of cosmetics and personal care products is expected to register double-digit growth in the developing countries. development such as China and India. , and the ASEAN countries.

The cosmetic industry uses wax for various applications such as lipsticks, baby products, eye and face makeup, nail care, skin care, tanning / sunscreen and perfumes due to their structuring agents, their rigidity, their gloss, their flexibility, their adhesion and their barrier properties. Beeswax, candelilla wax, carnauba wax, and paraffin wax are among the most commonly used industrial waxes for cosmetic applications.

Impact of COVID-19 on the industrial wax market.

The COVID-19 epidemic is having a significant impact on most countries in North America and Europe, in particular the United States, Italy, Spain, United Kingdom, France and the ‘Germany. The impact was further intensified by falling oil and gas prices. The suspension of manufacturing activities and the disruption of the supply chain have resulted in a decline in industrial wax from these countries. In addition, the declining demand for cosmetics, candles and consumer products across the world in which waxes are used has resulted in a drop in demand for industrial wax across the world.

The candle industry is estimated to hold the largest share of the industrial wax market.

Candles are mainly made from microcrystalline wax, beeswax and vegetable wax such as carnauba, soybean and bayberry wax). Candles are one of the oldest applications of wax, which remains the fastest growing market due to the increasing importance of decorative objects and therapeutic uses. The growing importance of candles for religious purposes has forced wax makers to produce wax from plant materials such as soybean oil, palm oil, beeswax, and even tallow. This triggered the demand for vegetable waxes globally.

Asia-Pacific is the largest market for industrial wax due to growing economies such as China, India, Japan, and other Asian countries like South Korea and Indonesia. Asia-Pacific has the largest market for the candle industry. In Asia, China dominates the candle market and the packaging industry. Growth is driven by rapid industrialization, increasing demand for various applications and increasing per capita income in these regions. The growing demand for candles comes from decoration, religious beliefs, and various lifestyles and habits.

The main players in the industrial wax market are ExxonMobil (United States), Royal Dutch Shell (Netherlands), Sinopec (China), Sasol (South Africa), CNPC (China) and HollyFrontier (United States).

Main topics covered:

1. Introduction

2 Research methodology

3 Executive summary

4 Market overview

4.1. introduction

4.2. Forecast impact factors

4.2.1. COVID 19 impact assessment

4.3. Market dynamics

4.3.1. Conductors

4.3.2. Constraints

4.3.3. Challenges

4.3.4. Opportunity

4.4. Porter’s Five Forces Analysis

4.5. Ecosystem market map

4.6. Supply chain and value chain analysis

4.6.1. Disruption due to COVID19

4.7. Regulatory landscape

4.8. Technological analysis

4.9. Patent analysis

4.10. Average selling price analysis

4.11. YC, YCC Shift

4.12. Macroeconomic indicators

4.13. Analysis of trade data Main exporting and importing countries

4.14. Adjacent markets

4.15. Case study

5 Industrial Wax Market, by Type – Forecast to 2025 (Volume and Value)

5.1. introduction

5.2. Fossil-based waxes

5.2.1. Mineral wax

5.2.2. Paraffin

5.2.3. Microcrystalline wax

5.3. Synthetic waxes

5.3.1. Fischer Topsch wax

5.3.2. Other

5.4. Bio-based waxes

6 Industrial Wax Market, by Application – Forecast to 2025 (Volume and Value)

6.1. introduction

6.2. Candles

6.3. Packaging

6.4. Coatings and polishing

6.5. Hot melt adhesive

6.6. Tire and rubber

6.7. Cosmetics and personal care

6.8. Food

6.9. Others

7 Industrial Wax Market, by Region – Forecast to 2025 (Volume and Value)

8 Competitive landscape

8.1. Overview

8.2. Market assessment framework

8.3. Market Share Analysis / Industry Level Structure

8.4. Income analysis of top players

8.5. Key market development

8.5.1. Extensions

8.5.2. Acquisitions

8.5.3. New product launches

8.6. Definition and methodology of the business assessment matrix

8.6.1. Product imprint

8.6.2. Star

8.6.3. Emerging leader

8.6.4. Invading

8.7. Business valuation matrix, 2019

9 company profiles

  • CEPSA

  • Calumet Specialty Products Partners, LP

  • Chinese National Petroleum Company

  • Evonik Industries

  • Exxon Mobil Corp

  • Gandhar Oil Refinery

  • HMI

  • HollyFrontier Corporation

  • International Group Inc.

  • Kerax SA

  • Koster Keunen

  • Numaligarh Ltd refinery

  • Lukoil PJSC Oil Company

  • Petroleo Brasileiro SA (Petrobras)

  • Royal Dutch Shell SA

  • SINOPEC

  • SIWAX Group

  • Sasol Ltd.

  • The Blayson Group Ltée

  • The Darent wax company

For more information on this report, visit https://www.researchandmarkets.com/r/meptzg

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210119005533/en/

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