Wax Market by Type and Application - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4580606
  • Report
  • Region: Global
  • 272 pages
  • Allied Analytics LLP
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Waxes are organic ingredients that are solid at normal room temperature but become free flowing fluids at high temperatures. The major commercial source of wax is crude oil. However, waxes are also produced from plants, lignite, animals, and insects. Paraffin/mineral wax, synthetic wax, and natural wax are the three types of waxes available in the market. These waxes differ in their chemical composition; however, the presence of normal alkanes is always high as compared to other ingredients.

The growth of the global wax market is majorly driven by increase in requirement of waxes in the packaging industry, as waxes offers exceptional resistance to water. Moreover, upsurge in demand for waxes from applications such as tire & rubber, coating, and floor polishes boosts the market growth. The use of waxes as a base ingredient in cosmetics products further supports the growth of the market. However, the market growth is restricted due to high prices of synthetic and natural waxes. Moreover, the shortage in supply of paraffin/mineral wax hampers the market growth. Conversely, rise in awareness towards wax-based natural cosmetics provides lucrative opportunity for the manufacturers.

The report segments the global wax market based on type, application, and geography. Depending on type, the market is fragmented into paraffin/mineral, synthetic, and natural wax. The applications covered in the study include candles, packaging, emulsions, hot melts, floor polishes, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major players profiled in this study are as follows:

Dow Corning
Akzo Nobel N.V.
Evonik Industries
Arch Chemicals
BASF SE
Hexion Inc.
Honeywell International
Lubrizol Corporation
The Clorox Company
Momentive Performance Materials

KEY BENEFITS FOR STAKEHOLDERS

The report provides an in-depth analysis of the current trends, drivers, and dynamics of the wax market to elucidate the prevailing opportunities.
It offers qualitative trends and quantitative analyses from 2016 to 2023 to assist stakeholders to understand the market scenario.
In-depth analysis of the various wax types and applications has been provided.
Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities.
The key players are profiled along with their strategies & developments to understand the competitive outlook of the industry.

KEY MARKET SEGMENTS

By Type

Paraffin/Mineral Wax
Synthetic Wax
Natural Wax

By Application

Candles
Packaging
Emulsions
Hot Melts
Floor Polishes
Others

By Geography

North America
U.S.
Canada
Mexico
Europe
Germany
UK
Netherlands
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
Africa
Rest of LAMEA

KEY PLAYERS

Sason
ExxonMobil
Sinopec
PetroChina Company Limited
The International Group

(The aforementioned companies have not been profiled in the report but can be included on request.)
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CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets, by geography
3.2.2. Top winning strategy
3.2.2.1. Top Winning Strategies, By Year, 2014-2018*
3.2.2.2. Top Winning Strategies, By Development, 2014-2018* (%)
3.2.2.3. Top Winning Strategies, By Company, 2014-2018* (%)
3.2.2.4. Top Winning Strategies, By Company, 2014-2017*
3.3. Market share analysis, 2016
3.4. Porters five forces analysis
3.4.1. Bargaining power of suppliers
3.4.2. Bargaining power of buyers
3.4.3. Threat of new entrants
3.4.4. Threat of substitutes
3.4.5. Intensity of competitive rivalry
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Upsurge in demand for wax from the packaging industry
3.5.1.2. Increase in use of wax in the cosmetic industry
3.5.2. Restraint
3.5.2.1. High cost of synthetic and natural wax
3.5.3. Opportunity
3.5.3.1. Increase in awareness about wax-based natural cosmetic products

CHAPTER 4: GLOBAL WAX MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. PARAFFIN/MINERAL WAX
4.2.1. Market Size and forecast, by geography
4.2.2. Market Size and forecast, by country
4.3. SYNTHETIC WAX
4.3.1. Market Size and forecast, by geography
4.3.2. Market Size and forecast, by country
4.4. NATURAL WAX
4.4.1. Market size and forecast, by geography
4.4.2. Market size and forecast, by country

CHAPTER 5: GLOBAL WAX MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast
5.2. CANDLES
5.2.1. Market Size and forecast, by geography
5.2.2. Market Size and forecast, by country
5.3. PACKAGING
5.3.1. Market Size and forecast, by geography
5.3.2. Market Size and forecast, by country
5.4. EMULSIONS
5.4.1. Market Size and forecast, by geography
5.4.2. Market Size and forecast, by country
5.5. HOT MELTS
5.5.1. Market Size and forecast, by geography
5.5.2. Market Size and forecast, by country
5.6. FLOOR POLISHES
5.6.1. Market Size and forecast, by geography
5.6.2. Market Size and forecast, by country
5.7. OTHERS
5.7.1. Market Size and forecast, by geography
5.7.2. Market Size and forecast, by country

CHAPTER 6: WAX MARKET, BY GEOGRAPHY
6.1. Overview
6.1.1. Market size and forecast
6.2. NORTH AMERICA
6.2.1. Market size and forecast, by type
6.2.2. Market size and forecast, by application
6.2.3. Market size and forecast, by country
6.2.4. U.S.
6.2.4.1. Market size and forecast, by type
6.2.4.2. Market size and forecast, by application
6.2.5. Canada
6.2.5.1. Market size and forecast, by type
6.2.5.2. Market size and forecast, by application
6.2.6. Mexico
6.2.6.1. Market size and forecast, by type
6.2.6.2. Market size and forecast, by application
6.3. EUROPE
6.3.1. Market size and forecast, by type
6.3.2. Market size and forecast, by application
6.3.3. Market size and forecast, by country
6.3.4. Germany
6.3.4.1. Market size and forecast, by type
6.3.4.2. Market size and forecast, by application
6.3.5. UK
6.3.5.1. Market size and forecast, by type
6.3.5.2. Market size and forecast, by application
6.3.6. The Netherlands
6.3.6.1. Market size and forecast, by type
6.3.6.2. Market size and forecast, by application
6.3.7. France
6.3.7.1. Market size and forecast, by type
6.3.7.2. Market size and forecast, by application
6.3.8. Rest of Europe
6.3.8.1. Market size and forecast, by type
6.3.8.2. Market size and forecast, by application
6.4. ASIA-PACIFIC
6.4.1. Market size and forecast, by type
6.4.2. Market size and forecast, by application
6.4.3. Market size and forecast, by country
6.4.4. China
6.4.4.1. Market size and forecast, by type
6.4.4.2. Market size and forecast, by application
6.4.5. Japan
6.4.5.1. Market size and forecast, by type
6.4.5.2. Market size and forecast, by application
6.4.6. India
6.4.6.1. Market size and forecast, by type
6.4.6.2. Market size and forecast, by application
6.4.7. Rest of Asia-Pacific
6.4.7.1. Market size and forecast, by type
6.4.7.2. Market size and forecast, by application
6.5. LAMEA
6.5.1. Market size and forecast, by type
6.5.2. Market size and forecast, by application
6.5.3. Market size and forecast, by country
6.5.4. Brazil
6.5.4.1. Market size and forecast, by type
6.5.4.2. Market size and forecast, by application
6.5.5. Argentina
6.5.5.1. Market size and forecast, by type
6.5.5.2. Market size and forecast, by application
6.5.6. Africa
6.5.6.1. Market size and forecast, by type
6.5.6.2. Market size and forecast, by application
6.5.7. Rest of LAMEA
6.5.7.1. Market size and forecast, by type
6.5.7.2. Market size and forecast, by application

CHAPTER 7: COMPANY PROFILES
7.1. AkzoNobel N.V.
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Business performance
7.2. BASF SE
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Business performance
7.2.5. Key strategic moves and developments
7.3. Berkshire Hathaway Inc. (The Lubrizol Corporation)
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Business performance
7.3.5. Key strategic moves and developments
7.4. Evonik Industries AG
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Business performance
7.5. Hexion Inc.
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Business performance
7.5.5. Key strategic moves and developments
7.6. Honeywell International Inc.
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Business performance
7.7. Lonza Group Ltd.
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Business performance
7.8. MPM Holdings Inc. (Momentive Performance Materials Inc.)
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Business performance
7.9. The Dow Chemical Company (Dow Corning Corporation)
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Business performance
7.10. The Clorox Company
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Business performance
7.10.5. Key strategic moves and developments
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According to a new report titled, Wax Market by Type, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global wax market was valued at $9,322 million in 2016, and is projected to reach at $11,780 million by 2023, registering a CAGR of 3.4% from 2017 to 2023.

Waxes are a mixture of hydrophobic organic materials that turns into solid state at a temperature of 20C, and melts at temperature higher than 40C up to 140C. Wax offers superior resistance towards temperature. The key sources of producing wax are petroleum, plants, animals, and natural gases. Paraffin/mineral wax, synthetic wax, and natural wax are the three types of waxes available in the market.

High adoption rate of waxes in the packaging applications and their superior properties such as heat and water resistance make them suitable for use in hot melts, emulsions, and candles, which act as the major drivers of the global wax market. Moreover, increase in use of wax as a raw material for several cosmetics products boosts the market growth. However, high cost of synthetic and natural wax restricts the growth of the market. In contrast, the augmented use of wax in developing natural cosmetic products is anticipated to offer growth opportunity for the market.

Based on application, the market for wax is divided into candles, packaging, emulsions, hot melts, floor polishes, and others. The candles application was the highest revenue contributor in 2016, accounting for around three-fifths share. This is attributed to increased use of candles in hotels, spa, and other buildings for aromatherapy.

By geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America generated the highest revenue in 2016, accounting for $2,885 million, owing to development of the cosmetic industry.

Key Findings of the Wax Market

North America dominated the market both in terms of value and volume
Asia-Pacific is projected to register the highest growth rate from 2016 to 2023.
The LAMEA market contributed one-fifth of the global market revenue in 2016.
U.S. was the highest revenue contributor of the wax market globally in 2016.
China is projected to register the highest growth rate from 2016 to 2023 in the Asia-Pacific wax market.

China and India collectively contributed approximately more than 70% to the Asia-Pacific market revenue in 2016. In the same year, Japan contributed approximately one-seventh of the wax market in Asia-Pacific.

The key players profiled in the report include Dow Corning, Akzo Nobel N.V., Evonik Industries, Arch Chemicals, BASF SE, Hexion Inc., Honeywell International, Lubrizol Corporation, The Clorox Company, and Momentive Performance Materials.
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