Global Synthetic Polymer Waxes Market, By Form, Type, Co-polymer Wax(Ethylene Vinyl Acetate Wax and Ethylene Acrylic Acid wax )), Application & By Region - Forecast and Analysis 2022-2027

The global synthetic polymer waxes market was valued at USD 819.59 Million in 2021, and it is expected to reach a value of USD 1,019.23 Million by 2027, at a CAGR of more than 3.70% over the forecast period (2022 - 2027). Wax is a composition of long-chain fatty acids, alcohols, and sterols that melt at a slightly higher temperature. Generally, on the basis of source waxes are of two types - natural and synthetic. Synthetic wax has exceptional characteristics such as strong bonding as well as is relatively cheap than natural wax. Synthetic wax derived from the synthetic process such as polymerization is referred to as synthetic polymer wax.



Exceptional characteristics of synthetic polymer wax include better abrasion resistance, high melting point, bright translucent shine, and offers better durability. These properties of synthetic polymer wax depend on the production process of synthetic polymer wax. Synthetic polymer wax is generally utilized to modify the surface texture, appearance, hardness, and viscosity of wax blends. Moreover, synthetic polymer wax acts as an anti-slip agent, dispersant, lubricant, blinding agent, and shining agent across end-use applications. Furthermore, synthetic polymer wax is mainly applicable in the automotive, rubber, and chemical industries.

The report provides market sizing and forecast across five major regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA). In this report, the year 2016 to 2020 is considered a historical year, 2021 is the base year, 2022 is the estimated year, and years from 2022 to 2027 are considered the forecast period.

Top-down and bottom-up approaches were used to estimate and validate the size of the Synthetic Polymer Waxes market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Aspects covered in this report

• Based on form, this market is segmented into liquid and spray
• Based on type, this market is segmented into Homopolymer Wax and Co-polymer Wax. Homopolymer wax is further segmented into Polyethylene wax, Polypropylene Wax, Fishcher-Trospch Wax. Copolymer wax is further segmented into Ethylene Vinyl Acetate Wax and Ethylene Acrylic Acid wax.
• Based on application, this market is segmented into Cosmetics, Food, Automotive, Pharmaceutical, and Others.
• Based on region, this market is categorized into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA).

The Key players operating in this report study include BASF, Innospec, The DuPont, Honeywell, ZSCHIMMER & SCHWARZ, SCG Chemicals Co., Ltd, Trecora Chemical, Baker Hughes, Zell Chemie International, Clariant.