Wax Market Size, Share & Trends Analysis Report By Application (Candles, Packaging, Plastic & Rubber, Cosmetics & Toiletries, Fire Logs, Adhesives), By Product (Synthetic, Natural, Mineral), And Segment Forecasts, 2019 - 2025

Published: Apr, 2019 | Pages: 120 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

The global wax market size is projected to reach USD 12.89 billion by 2025 registering a CAGR of 3.7%, according to a new report by Grand View Research, Inc. Robust growth of printing ink and coating industry and wide acceptance of synthetic wax are expected to drive the market over the forecast period. Several features of wax, such as rub, scratch & mark resistance and water repellency, enable its usage in numerous applications in coating and printing industry. It is used as an additive to a variety of inks including lithographic, flexographic, letterpress and gravure.

Crude oil is used as raw material for the production of petroleum-based derivatives, such as paraffin wax. New process of crystallization has been used by Sulzer Ltd. to refine paraffin from the byproducts that are obtained from synthetic fuel production. Indian Institute of Petroleum, one of constituent laboratories of the Council of Scientific and Industrial Research in India, has developed a new technology with which paraffin wax can be yielded from waste plastics. Moreover, rapidly expanding personal care, pharmaceutical, food, and polymer processing sectors are likely to boost the demand further.

On the other hand, tight supply of raw materials may have a negative impact on the market. However, technological breakthrough is expected to augment growth of the mineral wax industry. Presence of numerous global and regional producers has made the industry concentrated in terms of quality of products, innovations, marketing strategies, product positioning, and more. Prominent market participants are strengthening their market position through product innovation, product diversification, and acquiring business assets of local companies.

Further key findings from the study suggest:

• The global market volume exceeded 4,900 kilotons in 2018 and is projected to expand at an estimated CAGR of 3.3% from 2019 to 2025

• In terms of volume, mineral wax held the largest share of 73.96% in 2018. Demand for petrolatum in pharmaceutical products will drive the segment over the forecast period

• The industry is likely to witness intense competition due to increased production capacity of major companies and threat of backward and forward integration to capture the market

• North America led the wax market in 2018 owning to growth of cosmetics and personal care industry and increased product demand in candle manufacturing industry

• Key industry participants are Sinopec Corp., Evonik Industries AG, The China National Petroleum Corp. (CNPC), ExxonMobil Corp., Royal Dutch Shell Plc, HollyFrontier Corp., and BASF SE

 Table of Contents

Chapter 1 Methodology And Scope
                 1.1 Market Segmentation & Scope
                 1.2. Market Definition
                 1.3. Information Procurement
                     1.3.1 Purchased Database
                     1.3.2 GVR’s Internal Database
                     1.3.3 Secondary Sources & Third-Party Perspectives
                     1.3.4 Primary Research
                 1.4. Information Analysis 
                     1.4.1 Data Analysis Models
                 1.5. Market Formulation & Data Visualization
                 1.6. Data Validation & Publishing

Chapter 2 Executive Summary
                 2.1. Market Outlook
                 2.2. Segmental Outlook
                 2.3. Competitive Insights

Chapter 3 Market Variables, Trends, and Scope
                 3.1 Market Lineage Outlook 
                     3.1.1 Global Petroleum market
                     3.1.2 Global Wax Market 
                 3.2 Penetration & growth prospect mapping
                 3.3 Industry Value chain analysis
                     3.3.1 Raw material Trends
                     3.3.2 Technological overview
                     3.3.3 Sales Channel Analysis
                     3.3.4 Vendor Selection Criteria Analysis 
                     3.3.5 Profit Margin Analysis
                     3.3.6 List of Key End-Users by Region/by Product/by Country 
                 3.4 Technology Overview
                 3.5 Regulatory Framework
                     3.5.1 Product Classification Codes
                     3.5.2 Standard & Compliances 
                     3.5.3 Safety 
                 3.6 Market dynamics
                     3.6.1 Market Driver Analysis
                     3.6.2 Market restraint analysis
                     3.6.3 Industry Challenges 
                 3.7 Trade Analysis
                     3.7.1. Trade balance Assessment, by country/region
                     3.7.2. Net Importers, Key Country Analysis (USD Million)
                     3.7.3 Net Exporters, Key Country Analysis (USD Million) 
                 3.8. Business Environment Analysis: Aluminum Extruded Profiles Market
                     3.8.1. Industry Analysis - Porter’s
                         3.8.1.1. Supplier Power
                         3.8.1.2 Buyer Power
                         3.8.1.3. Substitution Threat
                         3.8.1.4. Threat from New 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. Economic Landscape
                         3.8.2.6. Legal Landscape
                 3.9 Market Entry Strategies 

Chapter 4 Wax Market: Product Estimates & Trend Analysis
                 4.1 Product Movement Analysis & Market Share, 2018 & 2025
                 4.2 Mineral Wax
                     4.2.1 Mineral wax market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                 4.3 Synthetic Wax
                     4.3.1 Synthetic wax market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                 4.4 Natural Wax
                     4.4.1 Natural wax market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)

Chapter 5 Wax Market: Application Estimates & Trend Analysis
                 5.1 Application Movement Analysis & Market Share, 2018 & 2025
                 5.2 Candles
                     5.2.1 Wax market estimates and forecasts in Candles, 2014 - 2025 (Kilotons) (USD Million)
                 5.3 Packaging
                     5.3.1 Wax market estimates and forecasts in packaging, 2014 - 2025 (Kilotons) (USD Million)
                 5.4 Plastic & Rubber
                     5.4.1 Wax market estimates and forecasts in plastic & rubber, 2014 - 2025 (Kilotons) (USD Million)
                 5.5 Cosmetics & Toiletries
                     5.5.1 Wax market estimates and forecasts in cosmetics & toiletries, 2014 - 2025 (Kilotons) (USD Million)
                 5.6 Fire logs
                     5.6.1 Wax market estimates and forecasts in fire logs, 2014 - 2025 (Kilotons) (USD Million)
                 5.7 Adhesives
                     5.7.1 Wax market estimates and forecasts in adhesives, 2014 - 2025 (Kilotons) (USD Million)
                 5.8 Others
                     5.8.1 Wax market estimates and forecasts in others, 2014 - 2025 (Kilotons) (USD Million)

Chapter 6 Wax Market: Regional Estimates & Trend Analysis
                 6.1 Regional Movement Analysis & Market Share, 2018 & 2025
                 6.2 North America
                     6.2.1 North America wax market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
                     6.2.2 North America wax market estimates and forecast, by product, 2014 - 2025 (Kilotons) (USD Million)
                     6.2.3 North America wax market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                     6.2.4 U.S.
                         6.2.4.1 U.S. wax market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
                         6.2.4.2 U.S. wax market estimates and forecast, by product, 2014 - 2025 (Kilotons) (USD Million)
                         6.2.4.3 U.S. wax market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                     6.2.5 Canada
                         6.2.5.1 Canada wax market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
                         6.2.5.2 Canada wax market estimates and forecast, by product, 2014 - 2025 (Kilotons) (USD Million)
                         6.2.5.3 Canada wax market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                 6.3 Europe
                     6.3.1 Europe wax market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
                     6.3.2 Europe wax market estimates and forecast, by product, 2014 - 2025 (Kilotons) (USD Million)
                     6.3.3 Europe wax market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                     6.3.4 Germany
                         6.3.4.1 Germany. wax market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
                         6.3.4.2 Germany wax market estimates and forecast, by product, 2014 - 2025 (Kilotons) (USD Million)
                         6.3.4.3 Germany wax market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                     6.3.5 U.K.
                         6.3.5.1 U.K. wax market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
                         6.3.5.2 U.K. wax market estimates and forecast, by product, 2014 - 2025 (Kilotons) (USD Million)
                         6.3.5.3 U.K. wax market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                 6.4 Asia Pacific
                     6.4.1 Asia Pacific wax market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
                     6.4.2 Asia Pacific wax market estimates and forecast, by product, 2014 - 2025 (Kilotons) (USD Million)
                     6.4.3 Asia Pacific wax market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                     6.4.4 China
                         6.4.4.1 China wax market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
                         6.4.4.2 China wax market estimates and forecast, by product, 2014 - 2025 (Kilotons) (USD Million)
                         6.4.4.3 China wax market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                     6.4.5 India
                         6.4.5.1 India wax market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
                         6.4.5.2 India wax market estimates and forecast, by product, 2014 - 2025 (Kilotons) (USD Million)
                         6.4.5.3 India wax market estimates and forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                 6.5 Central & South America
                     6.5.1 Central & South America wax market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                     6.5.2 Central & South America wax market estimates and forecasts, by product, 2014 - 2025 (Kilotons) (USD Million)
                     6.5.3 Central & South America wax market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
                     6.5.4 Brazil
                         6.5.4.1 Brazil wax market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                         6.5.4.2 Brazil wax market estimates and forecasts, by product, 2014 - 2025 (Kilotons) (USD Million)
                         6.5.4.3 Brazil wax market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
                 6.6 Middle East & Africa (MEA)
                     6.6.1 MEA wax market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                     6.6.2 MEA wax market estimates and forecasts, by product, 2014 - 2025 (Kilotons) (USD Million)
                     6.6.3 MEA wax market estimates and forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)

Chapter 7 Competitive Landscape
                 7.1. Key global players & recent developments & their impact on the industry
                 7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                 7.3. Vendor Landscape
                     7.3.1 List of key distributors and channel partners 
                     7.3.2 Key Customers
                     7.3.3 Key Companies market share analysis, 2017
                 7.4. Public Companies
                     7.4.1 Company market position analysis 
                     7.4.2 Company Market Share/Ranking, by region
                     7.4.3. Competitive Dashboard Analysis 
                         7.4.3.1. Market Differentiators 
                         7.4.3.2. Synergy Analysis: Major Deals & Strategic Alliances
                     7.4.4. SWOT 
                 7.5. Private Companies 
                     7.5.1. List of key emerging companies/technology disruptors/innovators 
                     7.5.2.Geographical Presence 
                     7.5.3.Company market position analysis 
                     7.5.4.Supplier Ranking

Chapter 8 Company Profiles
                 8.1 Sinopec Corp.
                     8.1.1 Company Overview
                     8.1.2 Financial Performance
                     8.1.3 Product Benchmarking
                     8.1.4 Strategic Initiatives
                 8.2 China National Petroleum Corporation (CNPC)
                     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
                 8.4 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 Incorporated
                     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
                 8.9 International Group Incorporated (IGI)
                     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 Product Benchmarking
                     8.11.3 Financial Performance
                     8.11.4 Strategic Initiatives
                 8.12 Dow Corning Corporation
                     8.12.1 Company overview
                     8.12.2 Financial performance
                     8.12.3 Product benchmarking
                 8.13 Honeywell International Incorporated
                     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
                     8.14.4 Strategic Initiatives
                 8.15 Mitusi Chemicals
                     8.15.1 Company overview
                     8.15.2 Financial performance
                     8.15.3 Product benchmarking

List of Tables

TABLE 1 Mineral wax market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 2 Synthetic wax market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 3 Natural wax market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 4 Wax market estimates and forecasts in Candles, 2014 - 2025 (Kilotons) (USD Million)
TABLE 5 Wax market estimates and forecasts in packaging, 2014 - 2025 (Kilotons) (USD Million)
TABLE 6 Wax market estimates and forecasts in plastic & rubber, 2014 - 2025 (Kilotons) (USD Million)
TABLE 7 Wax market estimates and forecasts in cosmetics & toiletries, 2014 - 2025 (Kilotons) (USD Million)
TABLE 8 Wax market estimates and forecasts in fire logs, 2014 - 2025 (Kilotons) (USD Million)
TABLE 9 Wax market estimates and forecasts in adhesives, 2014 - 2025 (Kilotons) (USD Million)
TABLE 10 Wax market estimates and forecasts in others, 2014 - 2025 (Kilotons) (USD Million)
TABLE 11 North America wax market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
TABLE 12 North America wax market volume, by product, 2014 - 2025 (Kilotons)
TABLE 13 North America wax market revenue, by product, 2014 - 2025 (USD Million)
TABLE 14 North America wax market volume, by application, 2014 - 2025 (Kilotons)
TABLE 15 North America wax market revenue, by application, 2014 - 2025 (USD Million)
TABLE 16 U.S. wax market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
TABLE 17 U.S. wax market volume, by product, 2014 - 2025 (Kilotons)
TABLE 18 U.S. wax market revenue, by product, 2014 - 2025 (USD Million)
TABLE 19 U.S. wax market volume, by application, 2014 - 2025 (Kilotons)
TABLE 20 U.S. wax market revenue, by application, 2014 - 2025 (USD Million)
TABLE 21 Canada wax market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
TABLE 22 Canada wax market volume, by product, 2014 - 2025 (Kilotons)
TABLE 23 Canada wax market revenue, by product, 2014 - 2025 (USD Million)
TABLE 24 Canada wax market volume, by application, 2014 - 2025 (Kilotons)
TABLE 25 Canada wax market revenue, by application, 2014 - 2025 (USD Million)
TABLE 26 Europe wax market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
TABLE 27 Europe wax market volume, by product, 2014 - 2025 (Kilotons)
TABLE 28 Europe wax market revenue, by product, 2014 - 2025 (USD Million)
TABLE 29 Europe wax market volume, by application, 2014 - 2025 (Kilotons)
TABLE 30 Europe wax market revenue, by application, 2014 - 2025 (USD Million)
TABLE 31 Germany wax market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
TABLE 32 Germany wax market volume, by product, 2014 - 2025 (Kilotons)
TABLE 33 Germany wax market revenue, by product, 2014 - 2025 (USD Million)
TABLE 34 Germany wax market volume, by application, 2014 - 2025 (Kilotons)
TABLE 35 Germany wax market revenue, by application, 2014 - 2025 (USD Million)
TABLE 36 U.K. wax market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
TABLE 37 U.K. wax market volume, by product, 2014 - 2025 (Kilotons)
TABLE 38 U.K. wax market revenue, by product, 2014 - 2025 (USD Million)
TABLE 39 U.K. wax market volume, by application, 2014 - 2025 (Kilotons)
TABLE 40 U.K. wax market revenue, by application, 2014 - 2025 (USD Million)
TABLE 41 Asia Pacific wax market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
TABLE 42 Asia Pacific wax market volume, by product, 2014 - 2025 (Kilotons)
TABLE 43 Asia Pacific wax market revenue, by product, 2014 - 2025 (USD Million)
TABLE 44 Asia Pacific wax market volume, by application, 2014 - 2025 (Kilotons)
TABLE 45 Asia Pacific wax market revenue, by application, 2014 - 2025 (USD Million)
TABLE 46 China wax market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
TABLE 47 China wax market volume, by product, 2014 - 2025 (Kilotons)
TABLE 48 China wax market revenue, by product, 2014 - 2025 (USD Million)
TABLE 49 China wax market volume, by application, 2014 - 2025 (Kilotons)
TABLE 50 China wax market revenue, by application, 2014 - 2025 (USD Million)
TABLE 51 India wax market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
TABLE 52 India wax market volume, by product, 2014 - 2025 (Kilotons)
TABLE 53 India wax market revenue, by product, 2014 - 2025 (USD Million)
TABLE 54 India wax market volume, by application, 2014 - 2025 (Kilotons)
TABLE 55 India wax market revenue, by application, 2014 - 2025 (USD Million)
TABLE 56 Central & South America wax market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
TABLE 57 Central & South America wax market volume, by product, 2014 - 2025 (Kilotons)
TABLE 58 Central & South America wax market revenue, by product, 2014 - 2025 (USD Million)
TABLE 59 Central & South America wax market volume, by application, 2014 - 2025 (Kilotons)
TABLE 60 Central & South America wax market revenue, by application, 2014 - 2025 (USD Million)
TABLE 61 Brazil wax market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
TABLE 62 Brazil wax market volume, by product, 2014 - 2025 (Kilotons)
TABLE 63 Brazil wax market revenue, by product, 2014 - 2025 (USD Million)
TABLE 64 Brazil wax market volume, by application, 2014 - 2025 (Kilotons)
TABLE 65 Brazil wax market revenue, by application, 2014 - 2025 (USD Million)
TABLE 66 MEA wax market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
TABLE 67 MEA wax market volume, by product, 2014 - 2025 (Kilotons)
TABLE 68 MEA wax market revenue, by product, 2014 - 2025 (USD Million)
TABLE 69 MEA wax market volume, by application, 2014 - 2025 (Kilotons)
TABLE 70 MEA wax market revenue, by application, 2014 - 2025 (USD Million)

List of Figures

FIG. 1 Market segmentation & scope
FIG. 2 Penetration & growth prospect mapping
FIG. 3 Wax market value chain analysis
FIG. 4 Global base oil market, 2015 - 2025 (Million Kilotons)
FIG. 5 Wax market dynamics
FIG. 6 Global coating industry volume share, by region, 2018
FIG. 7 Global polyethylene wax market, 2013 - 2025 (Million Kilotons)
FIG. 8 Global crude oil prices, Brent vs. Dubai Fateh vs. WTI, 2007 - 2015 (USD/Barrel)
FIG. 9 Wax market Porter’s analysis
FIG. 10 Wax - PESTEL Analysis
FIG. 11 Wax market: Product movement analysis
FIG. 12 Wax market: Application movement analysis
FIG. 13 Regional market place: Key takeaways
FIG. 14 Wax market: Regional movement analysis, 2018 & 2025 (%)
FIG. 15 Strategy framework
FIG. 16 Market segmentation & scope
FIG. 17 Penetration & growth prospect mapping
FIG. 18 Wax market value chain analysis
FIG. 19 Global base oil market, 2015 - 2025 (Million Kilotons)
FIG. 20 Wax market dynamics
FIG. 21 Global coating industry volume share, by region, 2017
FIG. 22 Global polyethylene wax market, 2013 - 2025 (Million Kilotons)
FIG. 23 Global crude oil prices, Brent vs. Dubai Fateh vs. WTI, 2007 - 2015 (USD/Barrel)
FIG. 24 Wax market Porter’s analysis
FIG. 25 Wax - PESTEL Analysis
FIG. 26 Wax market: Product movement analysis
FIG. 27 Wax market: Application movement analysis
FIG. 28 Regional market place: Key takeaways
FIG. 29 Wax market: Regional movement analysis, 2018 & 2025 (%)
FIG. 30 Strategy framework

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