+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Wax Market Size, Share & Trends Analysis Report by Product Type (Mineral, Synthetic, Natural), by Application (Candles, Packaging, Plastic & Rubber), by Region (North America, Europe, APAC, CSA, MEA), and Segment Forecasts, 2022-2030

  • PDF Icon

    Report

  • 122 Pages
  • March 2022
  • Region: Global
  • Grand View Research
  • ID: 4452037

FEATURED COMPANIES

  • Baker Hughes Company
  • Bp P.L.C
  • Evonik Industries Ag
  • Hollyfrontier Corporation
  • Nippon Seiro Co., Ltd.
  • Sasol Limited
The global wax market size is expected to reach USD 14.2 billion by 2030. The market is expected to expand at a CAGR of 4.3% from 2020 to 2030. The growth is majorly driven by growing inclusion of wax as a performance additive in the plastics industry on account of its rising utilization as water and solvent-based mold release agent. Wax has become one of the critically utilized materials globally with widespread application across multiple industries. It is used in the automotive industry for vehicle polishing, hair removal, packaging applications, and as an additive in the food industry.



In addition, it is used in paints and coating industry and printing ink application. Rising demand in various applications, including candles, rubber and plastic processing, cosmetic and toiletries, fire logs, building boards, is likely to propel overall growth in the coming years. High consumption of wax owing to its advantage including UV resistance, anti-caking, excellent insulation, is expected to augment market growth. The stringent COVID-19 lockdown in 2020 induced a downward trend in the market. The recovery in the industrial businesses and activities in the second half of 2020 moderately improved the demand. Additionally, the festive season in the final quarter of 2020 improved the demand from different industries including candles, cosmetics, and packaging.

Wax Market Report Highlights

  • The synthetic wax segment accounted for the fastest CAGR of 4.5% over the forecast period, owing to a significant increase in application across lotion, shampoo, foundation, lipstick, and other personal care products
  • The cosmetics and toiletries application segment accounted for the highest CAGR of 4.8% over the forecast period considering the growing inclusion of product in formulation of creams and moisturizers. In addition, above average living standards and new product innovation are expected to propel the demand
  • Asia Pacific accounted for the highest CAGR of 4.7% over the forecast period which can be traced to growing construction activities, mainly in economies such as China and India. Moreover, technological developments in Korea and Japan have spurred the growth of adhesives
  • The market’s value chain comprises raw materials suppliers, product manufacturers, distribution channels, and application industry. Depending upon the type, wax formulation requires timely procurement of key feedstocks which includes lubricating oils, base oils, and bee’s milk. Product prices are highly impacted depending on the availability of these feedstocks
  • The industry is made up of large and medium-sized players. The small players are either suppliers or distributors. Companies are working on strategies that can harness their internal strategic advantage and position according to the end-use segment growth


This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Wax Market

What is the estimated value of the Global Wax Market?

The Global Wax Market was estimated to be valued at $10.1 Billion in 2022.

What is the growth rate of the Global Wax Market?

The growth rate of the Global Wax Market is 4.3%, with an estimated value of $14.2 Billion by 2030.

What is the forecasted size of the Global Wax Market?

The Global Wax Market is estimated to be worth $14.2 Billion by 2030.

Who are the key companies in the Global Wax Market?

Key companies in the Global Wax Market include Sinopec Corp., China National Petroleum Corporation, Hollyfrontier Corporation, Bp P.L.C, Nippon Seiro Co., Ltd., Baker Hughes Company, Exxon Mobil Corporation, Sasol Limited and Evonik Industries Ag.

FEATURED COMPANIES

  • Baker Hughes Company
  • Bp P.L.C
  • Evonik Industries Ag
  • Hollyfrontier Corporation
  • Nippon Seiro Co., Ltd.
  • Sasol Limited

Chapter 1 Methodology And Scope
1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Information Procurement
1.3.1 Information Analysis
1.3.2 Market Formulation & Data Visualization
1.3.3 Data Validation & Publishing
1.4 Research Scope And Assumptions
1.4.1 List To Data Sources
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segmental Outlook
2.3 Competitive Insights
Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Global Petroleum Market
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.3.1 Raw Material Trends
3.3.1.1 Mineral Wax
3.3.1.2 Synthetic Wax
3.3.1.3 Natural Wax
3.3.2 Manufacturing/Technology Trends
3.3.3 Sales Channel Analysis
3.3.4 Vendor Selection Criteria
3.3.5 Cost Structure Analysis
3.3.6 List Of Key End-Users
3.4 Regulatory Framework
3.4.1 Product Classification Code
3.4.2 Standards & Compliance
3.4.3 Safety
3.5 Market Dynamics
3.5.1 Market Driver Analysis
3.5.1.1 Growing Acceptance For Synthetic Wax Worldwide
3.5.1.2 Growing Coatings & Printing Inks Industry Worldwide
3.5.2 Market Restraint Analysis
3.5.2.1 Volatility In Raw Material Prices
3.5.3 Industry Challenges
3.6 Impact Of Covid-19 Pandemic
3.7 Trade Analysis
3.7.1 Trade Balance
3.7.2 Net Importers, Key Country Analysis
3.7.3 Net Exporters, Key Country Analysis
3.8 Business Environment Analysis
3.8.1 Porter’s Analysis
3.8.1.1 Supplier Power
3.8.1.2 Buyer Power
3.8.1.3 Threat Of Substitutes
3.8.1.4 Threat Of New Market Entrant
3.8.1.5 Competitive Rivalry
3.8.2 Pestel Analysis
3.8.2.1 Political Landscape
3.8.2.2 Environmental Landscape
3.8.2.3 Social Landscape
3.8.2.4 Technology Landscape
3.8.2.5 Legal Landscape
Chapter 4 Wax Market: Product Estimates & Trend Analysis
4.1 Product Movement Analysis & Market Share, 2021 & 2030 (Kilotons) (USD Million)
4.2 Wax Market Size, Forecasts, And Trend Analysis, By Product, 2018 - 2030 (Kilotons) (USD Million)
4.2.1 Mineral Wax
4.2.1.1 Mineral Wax Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.2.2 Synthetic Wax
4.2.2.1 Synthetic Wax Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.2.3 Natural Wax
4.2.3.1 Natural Wax Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5 Wax Market: Application Estimates & Trend Analysis
5.1 Application Movement Analysis & Market Share, 2021 & 2030 (Kilotons) (USD Million)
5.2 Wax Market Size, Forecasts, And Trend Analysis, By Application, 2018 - 2030 (Kilotons) (USD Million)
5.2.1 Candles
5.2.1.1 Wax Market Estimates & Forecasts, In Candles, 2018 - 2030 (Kilotons) (USD Million)
5.2.2 Packaging
5.2.2.1 Wax Market Estimates & Forecasts, In Packaging, 2018 - 2030 (Kilotons) (USD Million)
5.2.3 Plastic & Rubber
5.2.3.1 Wax Market Estimates & Forecasts, In Plastic & Rubber, 2018 - 2030 (Kilotons) (USD Million)
5.2.4 Pharmaceuticals
5.2.4.1 Wax Market Estimates & Forecasts, In Pharmaceuticals, 2018 - 2030 (Kilotons) (USD Million)
5.2.5 Cosmetics & Toiletries
5.2.5.1 Wax Market Estimates & Forecasts, In Cosmetics & Toiletries, 2018 - 2030 (Kilotons) (USD Million)
5.2.6 Fire Logs
5.2.6.1 Wax Market Estimates & Forecasts, In Fire Logs, 2018 - 2030 (Kilotons) (USD Million)
5.2.7 Adhesives
5.2.7.1 Wax Market Estimates & Forecasts, In Adhesives, 2018 - 2030 (Kilotons) (USD Million)
5.2.8 Other Applications
5.2.8.1 Wax Market Estimates & Forecasts, In Other Applications, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6 Wax Market: Regional Estimates & Trend Analysis
6.1 Regional Movement Analysis & Market Share, 2021 & 2030 (Kilotons) (USD Million)
6.2 Global Wax Market Size, Forecasts, And Trend Analysis, By Region, 2018 - 2030 (Kilotons) (USD Million)
6.2.1 North America
6.2.1.1 North America Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons)
6.2.1.2 North America Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
6.2.1.3 North America Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons)
6.2.1.4 North America Market Estimates & Forecasts, By Application, 2018 - 2030 (USD Million)
6.2.1.5 U.S.
6.2.1.5.1 U.S. Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons)
6.2.1.5.2 U.S. Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
6.2.1.5.3 U.S. Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons)
6.2.1.5.4 U.S. Market Estimates & Forecasts, By Application, 2018 - 2030 (USD Million)
6.2.1.6 Canada
6.2.1.6.1 Canada Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons)
6.2.1.6.2 Canada Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
6.2.1.6.3 Canada Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons)
6.2.1.6.4 Canada Market Estimates & Forecasts, By Application, 2018 - 2030 (USD Million)
6.2.2 Europe
6.2.2.1 Europe Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons)
6.2.2.2 Europe Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
6.2.2.3 Europe Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons)
6.2.2.4 Europe Market Estimates & Forecasts, By Application, 2018 - 2030 (USD Million)
6.2.2.5 Germany
6.2.2.5.1 Germany Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons)
6.2.2.5.2 Germany Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
6.2.2.5.3 Germany Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons)
6.2.2.5.4 Germany Market Estimates & Forecasts, By Application, 2018 - 2030 (USD Million)
6.2.2.6 U.K.
6.2.2.6.1 U.K. Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons)
6.2.2.6.2 U.K. Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
6.2.2.6.3 U.K. Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons)
6.2.2.6.4 U.K. Market Estimates & Forecasts, By Application, 2018 - 2030 (USD Million)
6.2.3 Asia Pacific
6.2.3.1 Asia Pacific Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons)
6.2.3.2 Asia Pacific Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
6.2.3.3 Asia Pacific Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons)
6.2.3.4 Asia Pacific Market Estimates & Forecasts, By Application, 2018 - 2030 (USD Million)
6.2.3.5 China
6.2.3.5.1 China Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons)
6.2.3.5.2 China Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
6.2.3.5.3 China Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons)
6.2.3.5.4 China Market Estimates & Forecasts, By Application, 2018 - 2030 (USD Million)
6.2.3.6 India
6.2.3.6.1 India Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons)
6.2.3.6.2 India Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
6.2.3.6.3 India Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons)
6.2.3.6.4 India Market Estimates & Forecasts, By Application, 2018 - 2030 (USD Million)
6.2.4 Central & South America
6.2.4.1 Central & South America Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons)
6.2.4.2 Central & South America Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
6.2.4.3 Central & South America Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons)
6.2.4.4 Central & South America Market Estimates & Forecasts, By Application, 2018 - 2030 (USD Million)
6.2.4.5 Brazil
6.2.4.5.1 Brazil Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons)
6.2.4.5.2 Brazil Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
6.2.4.5.3 Brazil Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons)
6.2.4.5.4 Brazil Market Estimates & Forecasts, By Application, 2018 - 2030 (USD Million)
6.2.5 Middle East & Africa
6.2.5.1 Middle East & Africa Market Estimates & Forecasts, By Product, 2018 - 2030 (Kilotons)
6.2.5.2 Middle East & Africa Market Estimates & Forecasts, By Product, 2018 - 2030 (USD Million)
6.2.5.3 Middle East & Africa Market Estimates & Forecasts, By Application, 2018 - 2030 (Kilotons)
6.2.5.4 Middle East & Africa Market Estimates & Forecasts, By Application, 2018 - 2030 (USD Million)
Chapter 7 Wax Market - Competitive Analysis
7.1 Key Global Players, Recent Developments & Their Impact On The Industry
7.2 Key Company/Competition Categorization
7.3 Vendor Landscape
7.4 Competitive Analysis
7.4.1 Company Market Position Analysis
7.4.2 Competitive Dashboard Analysis
7.4.2.1 Market Differentiators
7.4.2.2 Major Deals & Strategic Alliances
7.4.3 Swot Analysis
7.4.4 List Of Key Emerging Companies/Technology Disruptors/Innovators
7.4.5 Geographical Presence
7.4.6 Market Share Analysis
Chapter 8 Company Profiles
8.1 Sinopec Corp.
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3 Product Benchmarking
8.2 China National Petroleum Corporation
8.2.1 Company Overview
8.2.2 Financial Performance
8.2.3 Product Benchmarking
8.3 Hollyfrontier Corporation
8.3.1 Company Overview
8.3.2 Financial Performance
8.3.3 Product Benchmarking
8.3.4 Strategic Initiatives
8.4 Bp P.L.C
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Product Benchmarking
8.5 Nippon Seiro Co., Ltd.
8.5.1 Company Overview
8.5.2 Financial Performance
8.5.3 Product Benchmarking
8.6 Baker Hughes Company
8.6.1 Company Overview
8.6.2 Financial Performance
8.6.3 Product Benchmarking
8.7 Exxon Mobil Corporation
8.7.1 Company Overview
8.7.2 Financial Performance
8.7.3 Product Benchmarking
8.8 Sasol Limited
8.8.1 Company Overview
8.8.2 Financial Performance
8.8.3 Product Benchmarking
8.8.4 Strategic Initiatives 114
8.9 The International Group, Inc.
8.9.1 Company Overview
8.9.2 Financial Performance
8.9.3 Product Benchmarking
8.10 Evonik Industries Ag
8.10.1 Company Overview
8.10.2 Financial Performance
8.10.3 Product Benchmarking
8.11 Basf Se
8.11.1 Company Overview
8.11.2 Financial Performance
8.11.3 Product Benchmarking
8.11.4 Strategic Initiatives
8.12 Dow
8.12.1 Company Overview
8.12.2 Financial Performance
8.12.3 Product Benchmarking
8.13 Honeywell International Inc.
8.13.1 Company Overview
8.13.2 Financial Performance
8.13.3 Product Benchmarking
8.14 Royal Dutch Shell Plc
8.14.1 Company Overview
8.14.2 Financial Performance
8.14.3 Product Benchmarking
8.15 Mitsui Chemicals, Inc.
8.15.1 Company Overview
8.15.2 Financial Performance
8.15.3 Product Benchmarking
List of Tables
Table 1 List of key end-users
Table 2 Trade balance, 2016-2020 (USD Million)
Table 3 Import statistics for major countries, 2016-2020, (USD Million)
Table 4 Export statistics for major countries, 2016-2020, (USD Million
Table 5 Global wax market estimates & forecasts, by product, 2018-2030 (Kilotons)
Table 6 Global wax market estimates & forecasts, by product, 2018-2030 (USD Million)
Table 7 Global wax market estimates & forecasts, by application, 2018-2030 (Kilotons)
Table 8 Global wax market estimates & forecasts, by application, 2018-2030 (USD Million)
Table 9 North America wax market estimates & forecasts, by product, 2018-2030 (Kilotons)
Table 10 North America wax market estimates & forecasts, by product, 2018-2030 (USD Million)
Table 11 North America wax market estimates & forecasts, by application, 2018-2030 (Kilotons)
Table 12 North America wax market estimates & forecasts, by application, 2018-2030 (USD Million)
Table 13 U.S. wax market estimates & forecasts, by product, 2018-2030 (Kilotons)
Table 14 U.S. wax market estimates & forecasts, by product, 2018-2030 (USD Million)
Table 15 U.S. wax market estimates & forecasts, by application, 2018-2030 (Kilotons)
Table 16 U.S. wax market estimates & forecasts, by application, 2018-2030 (USD Million)
Table 17 Canada wax market estimates & forecasts, by product, 2018-2030 (Kilotons)
Table 18 Canada wax market estimates & forecasts, by product, 2018-2030 (USD Million)
Table 19 Canada wax market estimates & forecasts, by application, 2018-2030 (Kilotons)
Table 20 Canada wax market estimates & forecasts, by application, 2018-2030 (USD Million)
Table 21 Europe wax market estimates & forecasts, by product, 2018-2030 (Kilotons)
Table 22 Europe wax market estimates & forecasts, by product, 2018-2030 (USD Million)
Table 23 Europe wax market estimates & forecasts, by application, 2018-2030 (Kilotons)
Table 24 Europe wax market estimates & forecasts, by application, 2018-2030 (USD Million)
Table 25 Germany wax market estimates & forecasts, by product, 2018-2030 (Kilotons)
Table 26 Germany wax market estimates & forecasts, by product, 2018-2030 (USD Million)
Table 27 Germany wax market estimates & forecasts, by application, 2018-2030 (Kilotons)
Table 28 Germany wax market estimates & forecasts, by application, 2018-2030 (USD Million)
Table 29 U.K. wax market estimates & forecasts, by product, 2018-2030 (Kilotons)
Table 30 U.K. wax market estimates & forecasts, by product, 2018-2030 (USD Million)
Table 31 U.K. wax market estimates & forecasts, by application, 2018-2030 (Kilotons)
Table 32 U.K. wax market estimates & forecasts, by application, 2018-2030 (USD Million)
Table 33 Asia Pacific wax market estimates & forecasts, by product, 2018-2030 (Kilotons)
Table 34 Asia Pacific wax market estimates & forecasts, by product, 2018-2030 (USD Million)
Table 35 Asia Pacific wax market estimates & forecasts, by application, 2018-2030 (Kilotons)
Table 36 Asia Pacific wax market estimates & forecasts, by application, 2018-2030 (USD Million)
Table 37 China wax market estimates & forecasts, by product, 2018-2030 (Kilotons)
Table 38 China wax market estimates & forecasts, by product, 2018-2030 (USD Million)
Table 39 China wax market estimates & forecasts, by application, 2018-2030 (Kilotons)
Table 40 China wax market estimates & forecasts, by application, 2018-2030 (USD Million)
Table 41 India wax market estimates & forecasts, by product, 2018-2030 (Kilotons)
Table 42 India wax market estimates & forecasts, by product, 2018-2030 (USD Million)
Table 43 India wax market estimates & forecasts, by application, 2018-2030 (Kilotons)
Table 44 India wax market estimates & forecasts, by application, 2018-2030 (USD Million)
Table 45 Central & South America wax market estimates & forecasts, by product, 2018-2030 (Kilotons)
Table 46 Central & South America wax market estimates & forecasts, by product, 2018-2030 (USD Million)
Table 47 Central & South America wax market estimates & forecasts, by application, 2018-2030 (Kilotons)
Table 48 Central & South America wax market estimates & forecasts, by application, 2018-2030 (USD Million)
Table 49 Brazil wax market estimates & forecasts, by product, 2018-2030 (Kilotons)
Table 50 Brazil wax market estimates & forecasts, by product, 2018-2030 (USD Million)
Table 51 Brazil wax market estimates & forecasts, by application, 2018-2030 (Kilotons)
Table 52 Brazil wax market estimates & forecasts, by application, 2018-2030 (USD Million)
Table 53 Middle East & Africa wax market estimates & forecasts, by product, 2018-2030 (Kilotons)
Table 54 Middle East & Africa wax market estimates & forecasts, by product, 2018-2030 (USD Million)
Table 55 Middle East & Africa wax market estimates & forecasts, by application, 2018-2030 (Kilotons)
Table 56 Middle East & Africa wax market estimates & forecasts, by application, 2018-2030 (USD Million)
Table 57 Key company/competition categorization
Table 58 List of key distributors and channel partners
Table 59 Market differentiators
Table 60 List of emerging/innovative companies
Table 61 Wax production, by geography (%)
List of Figures
FIG. 1 Wax Market Segmentation
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation And Validation
Fig. 5 Data Validating & Publishing
Fig. 6 Market Snapshot
Fig. 7 Wax Market, Segmental Outlook, 2021 (USD Million)
Fig. 8 Wax Market, Segmental Outlook, 2021 (USD Million)
Fig. 9 Global Oil Production & Consumption, 2018-2021 (Million Barrels Per Day)
Fig. 10 OPEC Surplus Crude Oil Production Capacity, 2018-2021 (Million Barrels Per Day)
Fig. 11 Global Wax Market Volume & Revenue, 2018-2030 (Kilotons) (USD Million)
Fig. 12 Global Wax Market Value Chain Analysis
Fig. 13 Global Crude Oil Prices, 2018-2021 (USD/Barrel)
Fig. 14 Global Palm Oil Consumption Volume, 2016-2027 (Thousand Tons)
Fig. 15 Cost Structure Analysis (%)
Fig. 16 Wax Market Dynamics
Fig. 17 Market Driver Analysis
Fig. 18 Market Restraint Analysis
Fig. 19 Global Palm Oil Price Trend, 2010-2020 (USD/MT)
Fig. 20 Wax Market: Porter’s Analysis
Fig. 21 Global Wax Market Revenue, By Product, 2021 & 2030 (USD Million)
Fig. 22 Global Wax Market Revenue, By Application, 2021 & 2030 (USD Million)
Fig. 23 Global Wax Market Revenue, By Region, 2021 & 2030 (USD Million)
Fig. 24 SWOT Analysis
Fig. 25 Market Share Analysis, 2021
  • Sinopec Corp.
  • China National Petroleum Corporation
  • Hollyfrontier Corporation
  • Bp P.L.C
  • Nippon Seiro Co., Ltd.
  • Baker Hughes Company
  • Exxon Mobil Corporation
  • Sasol Limited
  • The International Group, Inc.
  • Evonik Industries Ag
  • Basf Se
  • Dow
  • Honeywell International Inc.
  • Royal Dutch Shell Plc
  • Mitsui Chemicals, Inc.

Loading
LOADING...