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Wax is a natural or synthetic material that is solid at room temperature and has a low melting point. Mineral waxes are a type of wax derived from petroleum or shale oil. They are used in a variety of applications, including cosmetics, candles, lubricants, and polishes. Mineral waxes are composed of hydrocarbons, which are molecules made up of hydrogen and carbon atoms.
Mineral waxes are known for their low cost and high melting point, making them ideal for use in a variety of industries. They are also highly resistant to oxidation and water, making them a popular choice for products that require long-term storage. Additionally, mineral waxes are often used as a base for other waxes, such as paraffin wax.
The mineral waxes market is highly competitive, with a number of companies offering a variety of products. Some of the major players in the market include ExxonMobil, Shell, Chevron, and Total. Other companies in the market include Sasol, Sinopec, and PetroChina. Show Less Read more