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Global Industrial Wax Market 2019-2023 - Product Image

Global Industrial Wax Market 2019-2023

  • ID: 4801864
  • Report
  • July 2019
  • Region: Global
  • 129 pages
  • TechNavio
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FEATURED COMPANIES

  • BASF SE
  • Exxon Mobil Corp.
  • Numaligarh Refinery Ltd.
  • PJSC LUKOIL
  • Sasol Ltd.
  • MORE
Global Industrial Wax Market: About this market

Industrial wax refers to hydrocarbon compounds that are primarily synthesized from crude petroleum for its use in various industrial applications. This industrial wax market analysis considers sales from various applications including candle manufacturing, packaging, coatings and polishes, and others. Our analysis also considers the sales of industrial wax in APAC, Europe, MEA, North America, and South America. In 2018, the candle manufacturing segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as premiumization will play a significant role in the candle manufacturing segment to maintain its market position. Also, our global industrial wax market report looks at factors such as increased demand for industrial wax in coating applications, increasing demand for industrial wax from the personal care industry, and increasing industrial wax production capacity. However, uncertainties such as a decline in demand of group 1 base oil, equipment damage and negative impact of industrial wax on the environment, growing preference for fiberboard packaging may hamper the growth of the industrial wax industry over the forecast period.

Global Industrial Wax Market: Overview

Increased demand for industrial wax from the personal care industry

The cosmetics and personal care industry is witnessing substantial growth worldwide because of the increase in consumer demand for beautification and personal hygiene products. Industrial wax is used in cosmetic and personal care product formulations to enhance the viscosity and consistency of these products. Different types of wax are used in different cosmetic products. With the increase in demand for personal care products, many companies are coming forward to supply wax to cater to the needs of the personal care and cosmetics industry.

. This demand for industrial wax will lead to the expansion of the global industrial wax market at a CAGR of over 3% during the forecast period.

Industrial research and development activities

The growing applications for industrial wax have spurred the R&D activities in the global industrial wax industry. Several researchers are collaborating with companies that have hands-on experience in offering quality waxes and are developing new technologies to extend the areas of applications further. One such R&D effort aims at creating high-performance wax for use in wax 3D printers. This development is expected to have a positive impact on the overall market growth.

Competitive Landscape

With the presence of several major players, the global industrial wax market is fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial wax manufacturers, that include BASF SE, Exxon Mobil Corp., Numaligarh Refinery Ltd., PJSC LUKOIL and Sasol Ltd.

Also, the industrial wax market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BASF SE
  • Exxon Mobil Corp.
  • Numaligarh Refinery Ltd.
  • PJSC LUKOIL
  • Sasol Ltd.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
  • Market segmentation by application
  • Comparison by application
  • Candle manufacturing - Market size and forecast 2018-2023
  • Cosmetics - Market size and forecast 2018-2023
  • Packaging - Market size and forecast 2018-2023
  • Coatings and polishes - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by application
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Industrial research and development activities
  • Emergence of technology to convert recycled plastics into wax
  • Growing inclination for bio-based wax in industrial applications
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • BASF SE
  • Exxon Mobil Corp.
  • Numaligarh Refinery Ltd.
  • PJSC LUKOIL
  • Sasol Ltd.
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits:
Exhibit 01: Global specialty chemicals market
Exhibit 02: Segments of global specialty chemicals market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Application - Market share 2018-2023 (%)
Exhibit 18: Comparison by application
Exhibit 19: Candle manufacturing - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: Candle manufacturing - Year-over-year growth 2019-2023 (%)
Exhibit 21: Cosmetics - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: Cosmetics - Year-over-year growth 2019-2023 (%)
Exhibit 23: Packaging - Market size and forecast 2018-2023 ($ millions)
Exhibit 24: Packaging - Year-over-year growth 2019-2023 (%)
Exhibit 25: Coatings and polishes - Market size and forecast 2018-2023 ($ millions)
Exhibit 26: Coatings and polishes - Year-over-year growth 2019-2023 (%)
Exhibit 27: Others - Market size and forecast 2018-2023 ($ millions)
Exhibit 28: Others - Year-over-year growth 2019-2023 (%)
Exhibit 29: Market opportunity by application
Exhibit 30: Customer landscape
Exhibit 31: Market share by geography 2018-2023 (%)
Exhibit 32: Geographic comparison
Exhibit 33: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 34: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 35: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 36: North America - Year-over-year growth 2019-2023 (%)
Exhibit 37: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 38: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 39: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 40: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 41: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 42: South America - Year-over-year growth 2019-2023 (%)
Exhibit 43: Key leading countries
Exhibit 44: Market opportunity
Exhibit 45: Impact of drivers and challenges
Exhibit 46: Vendor landscape
Exhibit 47: Landscape disruption
Exhibit 48: Vendors covered
Exhibit 49: Vendor classification
Exhibit 50: Market positioning of vendors
Exhibit 51: BASF SE - Vendor overview
Exhibit 52: BASF SE - Business segments
Exhibit 53: BASF SE - Organizational developments
Exhibit 54: BASF SE - Geographic focus
Exhibit 55: BASF SE - Segment focus
Exhibit 56: BASF SE - Key offerings
Exhibit 57: Exxon Mobil Corp. - Vendor overview
Exhibit 58: Exxon Mobil Corp. - Business segments
Exhibit 59: Exxon Mobil Corp. - Organizational developments
Exhibit 60: Exxon Mobil Corp. - Geographic focus
Exhibit 61: Exxon Mobil Corp. - Segment focus
Exhibit 62: Exxon Mobil Corp. - Key offerings
Exhibit 63: Numaligarh Refinery Ltd. - Vendor overview
Exhibit 64: Numaligarh Refinery Ltd. - Business segments
Exhibit 65: Numaligarh Refinery Ltd. - Organizational developments
Exhibit 66: Numaligarh Refinery Ltd. - Geographic focus
Exhibit 67: Numaligarh Refinery Ltd. - Segment focus
Exhibit 68: Numaligarh Refinery Ltd. - Key offerings
Exhibit 69: PJSC LUKOIL - Vendor overview
Exhibit 70: PJSC LUKOIL - Business segments
Exhibit 71: PJSC LUKOIL - Organizational developments
Exhibit 72: PJSC LUKOIL - Geographic focus
Exhibit 73: PJSC LUKOIL - Segment focus
Exhibit 74: PJSC LUKOIL - Key offerings
Exhibit 75: Sasol Ltd. - Vendor overview
Exhibit 76: Sasol Ltd. - Business segments
Exhibit 77: Sasol Ltd. - Organizational developments
Exhibit 78: Sasol Ltd. - Geographic focus
Exhibit 79: Sasol Ltd. - Segment focus
Exhibit 80: Sasol Ltd. - Key offerings
Exhibit 81: Validation techniques employed for market sizing
Exhibit 82: Definition of market positioning of vendors


Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BASF SE
  • Exxon Mobil Corp.
  • Numaligarh Refinery Ltd.
  • PJSC LUKOIL
  • Sasol Ltd.
  • MORE
The following companies are recognised as the key players in the global industrial wax market: BASF SE, Exxon Mobil Corp., Numaligarh Refinery Ltd., PJSC LUKOIL and Sasol Ltd.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the industrial research and development activities”

According to the report, one of the major drivers for this market is the increased demand for industrial wax from the personal care industry

Further, the report states that one of the major factors hindering the growth of this market is the equipment damage and negative impact of industrial wax on the environment.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • BASF SE
  • Exxon Mobil Corp.
  • Numaligarh Refinery Ltd.
  • PJSC LUKOIL
  • Sasol Ltd.
Note: Product cover images may vary from those shown
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