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市场调查报告书
商品编码
1521206

蜡市场报告按类型（矿物蜡、合成蜡、天然蜡等）、形式（薄片、颗粒、粉末等）、应用（蜡烛、化妆品、包装、乳液、热熔胶、地板抛光剂等） ，以及地区2024 -2032

Wax Market Report by Type (Mineral Wax, Synthetic Wax, Natural Wax, and Others), Form (Flakes, Granules, Powder, and Others), Application (Candles, Cosmetics, Packaging, Emulsions, Hot Melts, Floor Polishes, and Others), and Region 2024-2032
出版日期: | 出版商: IMARC | 英文 145 Pages | 商品交期: 2-3个工作天内

价格

2023年全球蜡IMARC Group规模达106亿美元。蜡市场的成长受到多种因素的推动，包括其在不同行业的广泛应用、对天然和合成蜡的需求不断增加、製造技术的进步以及对可持续和环保蜡替代品的认识不断增强。

蜡市场分析：

主要市场驱动因素：由于环保意识不断增强，对天然和永续蜡的需求不断增加，这是推动蜡需求的主要因素。此外，扩大产品在食品、包装、化妆品和个人护理领域的应用也为市场扩张开闢了获利前景。此外，都市化进程的加速、人口成长和可支配收入正在对蜡市场前景产生正面影响。

主要市场趋势：在消费者对环保产品的需求推动下，人们对天然和有机蜡的偏好日益增长，这是蜡市场的主要趋势之一。此外，在健康趋势和创新配方的推动下，化妆品和个人护理产品的应用不断增长，正在促进市场扩张。同时，包装和食品行业越来越多地使用蜡来提高产品品质和保质期，这有助于市场成长。

地理趋势：蜡市场预测显示，亚太地区在快速工业化、都市化和基础设施发展的推动下成为领先地区。此外，北美和欧洲仍然是重要的市场，其成熟的行业和严格的法规推动了对特种蜡的需求。同时，由于消费者需求的成长和工业的发展，拉丁美洲和非洲的新兴经济体提供了尚未开发的市场扩张机会。

竞争格局：蜡业的一些主要市场参与者包括贝克休斯公司、巴斯夫SE、Cepsa、中国石化集团公司、埃尼公司、赢创工业股份公司、埃克森美孚公司、HF Sinclair公司、霍尼韦尔国际公司、三井化学公司.、Nippon Seiro Co. Ltd、Sasol Limited 和 Shell plc。等等。

挑战与机会：蜡市场分析显示，原材料价格波动、环境法规以及替代材料的竞争正在挑战市场成长。另一方面，蜡市场近期的机会在于持续创新和开发永续蜡产品、拓展新兴市场以及建立策略合作伙伴关係以获得新客户和分销管道。

蜡市场趋势：

对天然和可持续蜡的需求不断增加：

对永续和天然蜡产品的需求不断增长是提高全球蜡市场份额的主要趋势之一。随着消费者和产业越来越意识到环境问题并选择环保替代品，源自可再生资源的蜡（如大豆、蜂蜡和棕榈蜡）越来越受到消费者和产业的欢迎。与石油蜡相比，天然蜡具有多种优点，包括生物降解性、无毒性和减少对环境的影响。例如，2021年6月，巴西石化公司Braskem扩大了其I'm green(TM)产品线，推出了基于甘蔗乙醇的生物PE蜡。这种环保的添加方式符合 Braskem 对永续发展的承诺，为消费者提供可再生的替代品，同时减少对环境的影响。此外，化妆品、食品包装和药品等各种应用对天然成分的偏好进一步推动了对天然蜡的需求。

在化妆品和个人护理产品中不断增长的应用：

蜡在美容配方中发挥着至关重要的作用，特别是在口红中，蜡占含量的 10% 至 15%，从而提高了其熔点。此外，蜡还具有质感、保湿性和光泽度，也提高了稳定性和铺展性，增强了消费者的感官体验，凸显了蜡在当代美容和护肤产品中不可或缺的作用。全球蜂蜡贸易中约 40% 服务于化妆品行业，这凸显了对价格在 4-10 美元/公斤之间的顶级纯蜂蜡的需求。这突显了蜂蜡相关企业的获利能力，例如生产本地皮肤药膏。此外，随着消费者偏好转向天然化妆品，植物蜡市场正在经历显着成长，从而提振了蜡市场收入。

蜡作为礼物的多功能性的扩展：

蜡烛购买者普遍认为蜡烛是适合各种场合的礼物，76% 的人认为蜡烛是节日的理想礼物，74% 的人认为蜡烛是乔迁庆典的理​​想礼物，66% 的人认为蜡烛是女主人/晚宴的礼物，61% 的人认为蜡烛是表达谢意的礼物，58% 的人认为蜡烛是成年生日的理想礼物。这种广泛的接受强调了蜡烛的多功能性，既实用又感性。它们唤起温暖和氛围的能力使其受到普遍珍视，从而推动了市场需求。此外，蜡公司在香味特征、设计和环保材质方面不断创新，以满足不同消费者的喜好。蜡烛作为爱情和感情的经典象征的地位透过满足人们对礼物的多样化需求并鼓励持续创新和客户满意度来保持蜡市场的成长。

蜡市场细分：

IMARC Group提供了每个细分市场的主要趋势分析，以及 2024-2032 年全球、区域和国家层面的预测。我们的报告根据类型、形式和应用程式对市场进行了分类。

按类型划分：

矿物蜡

合成蜡

天然蜡

其他的

矿物蜡占据大部分市场份额

该报告根据类型提供了详细的市场细分和分析。这包括矿物蜡、合成蜡、天然蜡和其他蜡。根据该报告，矿物蜡代表了最大的细分市场。

从蜡市场概况来看，石蜡、微晶蜡等矿物蜡因其优异的稳定性、低成本和多功能性而备受推崇，在各个领域都不可或缺。除此之外，它还广泛应用于化妆品和个人护理行业的口红、乳霜和乳液中，因为它能够赋予光滑的质感、光泽的表面和持久的妆效，这有助于市场的成长。矿物蜡也可用作包装和食品工业中纸板、纸板和食品包装材料的涂料和密封剂，提供防潮和抵御外界影响的能力。此外，由于其惰性和与活性药物成分（API）的相容性，产品在药用软膏、栓剂和包衣的生产中被广泛应用于製药行业，正在推动市场成长。

按形式划分：

薄片

颗粒剂

粉末

其他的

报告中也根据表格提供了详细的市场区隔和分析。这包括薄片、颗粒、粉末等。

由于蜡片处理方便且在多个行业具有多功能性，其需求正在激增。由于其易于熔化和混合的能力，它们在蜡烛製造、化妆品和涂料中广泛使用。这不仅简化了製造流程，也提高了产品品质。蜡片的适应性使其不可或缺，有助于提高不同应用中的效率和成品的整体吸引力。

除此之外，蜡颗粒因其一致的尺寸和控释特性而越来越受到青睐，特别是在製药、食品加工和工业应用等领域。它们的均匀性可以实现精确的剂量和分布，这对于各种工艺至关重要。

此外，蜡粉的受欢迎程度源自于其细小的粒径和优异的分散性，尤其在印刷油墨、油漆和抛光剂中受到重视。它具有光滑的纹理、卓越的覆盖率和无可挑剔的表面光洁度，满足严格的行业标准，这有助于其不断增长的需求。

按应用划分：

蜡烛

化妆品

包装

乳液

热熔胶

地板抛光剂

其他的

蜡烛代表了领先的细分市场。

该报告根据应用程式提供了详细的市场细分和分析。这包括蜡烛、化妆品、包装、乳液、热熔胶、地板抛光剂等。根据该报告，蜡烛代表了最大的部分。

用于装饰、芳香和功能用途的蜡烛在住宅、商业和酒店领域越来越受欢迎，这推动了市场的成长。美国蜡烛协会透露，美国蜡烛产品每年的零售额约为31.4亿美元。蜡烛是多功能的环境照明解决方案，可为家庭、餐厅、饭店和活动场所营造舒适的氛围。根据美国蜡烛协会的资料，蜡烛使用者主要在客厅使用蜡烛，42% 的人表示客厅是最常见的燃烧蜡烛的地方。其次是厨房，占 18%；卧室，占 13%。此外，随着人们越来越重视健康和自我保健实践，注入精油的香氛蜡烛因其治疗功效、促进放鬆、缓解压力和改善情绪而受到追捧。除此之外，具有独特设计、颜色和香味的个性化和手工蜡烛的兴起趋势吸引了寻求优质和定製家居装饰产品的挑剔消费者。

按地区划分：

北美洲

美国

加拿大

亚太

中国

日本

印度

韩国

澳洲

印尼

其他的

欧洲

德国

法国

英国

义大利

西班牙

俄罗斯

其他的

拉丁美洲

巴西

墨西哥

其他的

中东和非洲

亚太地区引领市场，占据最大的蜡市场份额

该报告还对所有主要区域市场进行了全面分析，其中包括北美（美国和加拿大）；亚太地区（中国、日本、印度、韩国、澳洲、印尼等）；欧洲（德国、法国、英国、义大利、西班牙、俄罗斯等）；拉丁美洲（巴西、墨西哥等）；以及中东和非洲。报告称，亚太地区是最大的蜡区域市场。

根据蜡市场报告，由于中国、印度和东南亚国家等国家的快速城市化、人口扩张和可支配收入的增加，亚太地区对蜡的需求不断增长，推动了市场的扩张。特别是，建筑和基础设施行业正在显着增长，刺激了对涂料、密封剂和防水材料中使用的蜡的需求。除此之外，该地区不断扩大的汽车和包装行业需要蜡用于润滑剂、抛光剂和包装涂料等应用，这进一步促进了市场成长。此外，化妆品和个人护理行业的兴起，加上消费者生活方式和偏好的变化，正在推动对化妆品配方和盥洗用品中使用的蜡的需求。

竞争格局：

市场研究报告也对市场竞争格局进行了全面分析。也提供了所有主要公司的详细资料。蜡业的一些主要市场参与者包括贝克休斯公司、巴斯夫SE、Cepsa、中国石化公司、埃尼公司、赢创工业股份公司、埃克森美孚公司、HF Sinclair公司、霍尼韦尔国际公司、三井化学公司、日本化学公司Seiro Co. Ltd、Sasol Limited、壳牌公司等

（请注意，这只是关键参与者的部分列表，报告中提供了完整列表。）

全球蜡市场的特征是主要参与者之间竞争激烈。这些公司根据产品品质、创新、定价策略和地理覆盖等因素进行竞争。他们也专注于併购、合作伙伴关係和产品发布等策略性倡议，以获得竞争优势并扩大市场份额。此外，研发 (R&D) 投资对于开发新的蜡配方和增强现有产品以满足不断变化的客户需求和监管要求至关重要。此外，全球蜡市场也面临来自区域和本土企业，特别是新兴经济体企业的竞争，进一步加剧了市场竞争，推动了产业的不断创新和成长。

蜡市场新闻：

2022 年 3 月，专门从事蜡产品生产、开发和分销的公司 AWAX spa 收购了 Sasol 位于德国的子公司 Sasol Wax GmbH。透过此次收购，AWAX 获得了两座位于德国汉堡的生产设施、一座位于英国伯肯黑德和另一座位于奥地利林茨的生产设施，所有这些设施均以 Hywax 为名运作。

2021 年 1 月，HollyFrontier Corporation 以 6.136 亿美元完成从壳牌石油产品美国公司收购 Puget Sound 炼油厂。此次收购使 HFC 在西海岸产品市场占有一席之地，促进其炼油业务以及产品和服务组合。

本报告回答的关键问题

  • 2023年全球蜡市场规模是多少
  • 2024-2032年全球蜡市场的预期成长率是多少
  • 推动全球蜡市场的关键因素是什么
  • COVID-19 对全球蜡市场有何影响
  • 全球蜡市场按类型划分是怎样的
  • 根据应用，全球蜡市场的细分如何
  • 全球蜡市场的重点区域有哪些
  • 谁是全球蜡市场的主要参与者/公司

本报告回答的关键问题

  • 2023年全球蜡市场规模有多大？ 2024-2032年全球蜡市场的预期成长率是多少？
  • 推动全球蜡市场的关键因素是什么？
  • COVID-19 对全球蜡市场有何影响？
  • 全球蜡市场按类型划分是怎样的？
  • 根据应用，全球蜡市场的细分情况如何？
  • 全球蜡市场的重点区域有哪些？
  • 全球蜡市场的主要参与者/公司有哪些？

目录

第一章：前言

第 2 章：范围与方法

  • 研究目的
  • 利害关係人
  • 资料来源
    • 主要资源
    • 二手资料
  • 市场预测
    • 自下而上的方法
    • 自上而下的方法
  • 预测方法

第 3 章：执行摘要

第 4 章：简介

  • 概述
  • 主要行业趋势

第 5 章：全球蜡市场

  • 市场概况
  • 市场业绩
  • COVID-19 的影响
  • 市场预测

第 6 章：市场区隔：按类型

  • 矿物蜡
    • 市场走向
    • 市场预测
  • 合成蜡
    • 市场走向
    • 市场预测
  • 天然蜡
    • 市场走向
    • 市场预测
  • 其他的
    • 市场走向
    • 市场预测

第 7 章：市场区隔：按形式

  • 薄片
    • 市场走向
    • 市场预测
  • 颗粒剂
    • 市场走向
    • 市场预测
  • 粉末
    • 市场走向
    • 市场预测
  • 其他的
    • 市场走向
    • 市场预测

第 8 章：市场区隔：按应用

  • 蜡烛
    • 市场走向
    • 市场预测
  • 化妆品
    • 市场走向
    • 市场预测
  • 包装
    • 市场走向
    • 市场预测
  • 乳液
    • 市场走向
    • 市场预测
  • 热熔胶
    • 市场走向
    • 市场预测
  • 地板抛光剂
    • 市场走向
    • 市场预测
  • 其他的
    • 市场走向
    • 市场预测

第 9 章：市场区隔：按地区

  • 北美洲
    • 美国
    • 加拿大
  • 亚太
    • 中国
    • 日本
    • 印度
    • 韩国
    • 澳洲
    • 印尼
    • 其他的
  • 欧洲
    • 德国
    • 法国
    • 英国
    • 义大利
    • 西班牙
    • 俄罗斯
    • 其他的
  • 拉丁美洲
    • 巴西
    • 墨西哥
    • 其他的
  • 中东和非洲
    • 市场走向
    • 市场细分：按国家/地区
    • 市场预测

第 10 章：SWOT 分析

  • 概述
  • 优势
  • 弱点
  • 机会
  • 威胁

第 11 章：价值链分析

第 12 章：波特五力分析

  • 概述
  • 买家的议价能力
  • 供应商的议价能力
  • 竞争程度
  • 新进入者的威胁
  • 替代品的威胁

第 13 章：价格分析

第14章：竞争格局

  • 市场结构
  • 关键参与者
  • 关键参与者简介
    • Baker Hughes Company
    • BASF SE
    • Cepsa
    • China Petrochemical Corporation
    • Eni SpA
    • Evonik Industries AG
    • Exxon Mobil Corporation
    • HF Sinclair Corporation
    • Honeywell International Inc.
    • Mitsui Chemicals Inc.
    • Nippon Seiro Co. Ltd.
    • Sasol Limited
    • Shell plc
Product Code: SR112024A5717

The global wax market size reached US$ 10.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.8 Billion by 2032, exhibiting a growth rate (CAGR) of 2.8% during 2024-2032. The wax market growth is driven by diverse factors, including its widespread applications across different industries, increasing demand for natural and synthetic waxes, advancements in manufacturing technology, and growing awareness of sustainable and eco-friendly wax alternatives.

Wax Market Analysis:

Major Market Drivers: Increasing demand for natural and sustainable waxes due to growing environmental awareness is the prime factor propelling the wax demand. In addition, expanding product applications in the food, packaging, cosmetics, and personal care sectors is opening up profitable prospects for market expansion. Moreover, the rise in urbanization, population growth, and disposable incomes are positively impacting the wax market outlook.

Key Market Trends: Growing preference for natural and organic waxes, fueled by consumer demand for eco-friendly products represents one of the major wax market trends. Furthermore, the growing applications in cosmetics and personal care products, which are propelled by wellness trends and innovative formulations are fostering market expansion. Concurrently, the increasing use of waxes in packaging and food industries to enhance product quality and shelf life is aiding the market growth.

Geographical Trends: The wax market forecast revealed Asia Pacific as a leading region driven by its rapid industrialization, urbanization, and infrastructure development. Furthermore, North America and Europe continue to be significant markets, with established industries and stringent regulations driving demand for specialized waxes. Meanwhile, emerging economies in Latin America and Africa present untapped opportunities for market expansion due to rising consumer demand and growing industries.

Competitive Landscape: Some of the major market players in the wax industry include Baker Hughes Company, BASF SE, Cepsa, China Petrochemical Corporation, Eni S.p.A., Evonik Industries AG, Exxon Mobil Corporation, HF Sinclair Corporation, Honeywell International Inc., Mitsui Chemicals Inc., Nippon Seiro Co. Ltd., Sasol Limited, and Shell plc. among many others.

Challenges and Opportunities: Wax market analysis shows volatility in raw material prices, environmental regulations, and competition from alternative materials are challenging market growth. On the other hand, the wax market recent opportunities lie in continuous innovation and development of sustainable wax products, expansion into emerging markets, and strategic partnerships to access new customers and distribution channels.

Wax Market Trends:

Increasing Demand for Natural and Sustainable Waxes:

The growing demand for sustainable and natural wax products is one of the key trends boosting the global wax market share. Wax derived from renewable sources, like soy, beeswax, and palm wax, is becoming more and more popular among consumers and industries as they become more conscious of environmental issues and choose eco-friendly alternatives. Natural waxes offer several advantages, including biodegradability, non-toxicity, and reduced environmental impact compared to petroleum-based waxes. For instance, In June 2021, Braskem, a Brazilian petrochemical company, expanded its I'm green(TM) product line with a sugarcane ethanol-based bio-PE wax. This eco-friendly addition aligns with Braskem's commitment to sustainability, offering consumers a renewable alternative while reducing environmental impact. Moreover, the preference for natural ingredients in various applications, such as cosmetics, food packaging, and pharmaceuticals, further fuels the demand for natural waxes.

Growing Applications in Cosmetics and Personal Care Products:

Waxes play a crucial role in beauty formulations, particularly in lipsticks, where they comprise 10 to 15% of the content, elevating their melting point. Additionally, waxes offer texture, moisture retention, and glossiness and also improve stability and spreadability, heightening the sensory experience for consumers and highlighting the indispensable role of waxes in contemporary beauty and skincare products. Around 40% of the global beeswax trade serves the cosmetics industry, emphasizing the demand for top-tier, unadulterated beeswax priced between US$4-10/kg. This highlights the profitability of beeswax-related ventures, such as producing local skin ointments. Furthermore, as consumer preferences shift towards natural cosmetics, the market for plant-based waxes is experiencing significant growth, bolstering the wax market revenue.

Expansion of Wax as a Versatility of Gifting:

Candle purchasers widely perceive candles as fitting gifts for various occasions, with 76% considering them ideal for holidays, 74% for housewarmings, 66% for hostess/dinner parties, 61% for expressing gratitude, and 58% for adult birthdays. This broad acceptance emphasizes candles' versatility, offering both practicality and sentimentality. Their ability to evoke warmth and ambiance makes them universally cherished, propelling the market demand. Moreover, wax companies are continuously innovating in scent profiles, designs, and eco-friendly materials, catering to diverse consumer preferences. Candles' status as classic symbols of love and affection keeps the wax market growing by satisfying people's diverse needs for gifts and encouraging ongoing innovation and customer satisfaction.

Wax Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type, form, and application.

Breakup by Type:

Mineral Wax

Synthetic Wax

Natural Wax

Others

Mineral wax accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the type. This includes mineral, synthetic, natural, and other waxes. According to the report, mineral wax represented the largest segment.

The wax market overview indicates mineral waxes, such as paraffin wax and microcrystalline wax, are prized for their excellent stability, low cost, and versatility, making them indispensable in various sectors. Along with this, it is widely employed across the cosmetics and personal care industry in lipsticks, creams, and lotions due to its ability to impart smooth texture, glossy finish, and long-lasting wear, which is contributing to the market growth. Mineral waxes also function as coatings and sealants for paperboard, cardboard, and food packaging materials in the packaging and food industries, offering moisture resistance and defense against outside influences. Furthermore, the widespread product utilization across the pharmaceutical sector in the production of medicinal ointments, suppositories, and coatings, owing to their inert nature and compatibility with active pharmaceutical ingredients (APIs) is impelling the market growth.

Breakup by Form:

Flakes

Granules

Powder

Others

A detailed breakup and analysis of the market based on the form have also been provided in the report. This includes flakes, granules, powder, and others.

Wax flakes are witnessing a surge in demand due to their convenient handling and versatility across multiple industries. They find extensive use in candle making, cosmetics, and coatings due to their easy melting and blending capabilities. This not only streamlines manufacturing processes but also enhances product quality. Their adaptability makes wax flakes indispensable, contributing significantly to improving efficiency and the overall appeal of finished products in diverse applications.

Besides this, wax granules are increasingly preferred for their consistent size and controlled release characteristics, particularly in sectors like pharmaceuticals, food processing, and industrial applications. Their uniformity enables precise dosing and distribution, crucial for various processes.

Moreover, wax powder's popularity stems from its fine particle size and superior dispersibility, particularly valued in printing inks, paints, and polishes. It delivers smooth textures, exceptional coverage, and impeccable surface finishes, meeting stringent industry standards, which is contributing to its surging demand.

Breakup by Application:

Candles

Cosmetics

Packaging

Emulsions

Hot Melts

Floor Polishes

Others

Candles represent the leading market segment.

The report has provided a detailed breakup and analysis of the market based on the application. This includes candles, cosmetics, packaging, emulsions, hot melts, floor polishes, and others. According to the report, candles represented the largest segment.

The growing popularity of candles for decorative, aromatic, and functional purposes across residential, commercial, and hospitality sectors is fueling market growth. National Candle Association revealed that annually, U.S. retail sales of candle products amount to approximately $3.14 billion. Candles serve as versatile and ambient lighting solutions, creating cozy atmospheres in homes, restaurants, hotels, and event venues. According to data from the National Candle Association, candle users predominantly utilize candles in the living room, with 42% reporting it as the most common location for burning candles. Following that, the kitchen with 18% consumption and the bedroom with 13%. Moreover, with the increasing emphasis on wellness and self-care practices, scented candles infused with essential oils are sought after for their therapeutic benefits, promoting relaxation, stress relief, and mood enhancement. Apart from this, the rising trend of personalized and artisanal candles featuring unique designs, colors, and fragrances appeals to discerning consumers seeking premium and customized home decor products.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Asia Pacific leads the market, accounting for the largest wax market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific represents the largest regional market for wax.

Based on the wax market report, the growing demand for wax in the Asia Pacific region spurred by rapid urbanization, population expansion, and increasing disposable incomes in countries like China, India, and Southeast Asian nations is fueling the market expansion. In particular, the construction and infrastructure industries are witnessing significant growth, fueling the demand for waxes used in coatings, sealants, and waterproofing materials. Besides this, the expanding automotive and packaging industries in the region require waxes for applications such as lubricants, polishes, and packaging coatings, which is further contributing to market growth. Additionally, the rise of the cosmetics and personal care sector, coupled with changing consumer lifestyles and preferences, is driving demand for waxes used in cosmetic formulations and toiletries.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the wax industry include Baker Hughes Company, BASF SE, Cepsa, China Petrochemical Corporation, Eni S.p.A., Evonik Industries AG, Exxon Mobil Corporation, HF Sinclair Corporation, Honeywell International Inc., Mitsui Chemicals Inc., Nippon Seiro Co. Ltd., Sasol Limited, Shell plc, etc.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

The global wax market is characterized by intense competition among key players. These companies compete based on factors such as product quality, innovation, pricing strategies, and geographic reach. They also focus on strategic initiatives such as mergers and acquisitions, partnerships, and product launches to gain a competitive edge and expand their market presence. Additionally, investments in research and development (R&D) are crucial for developing new wax formulations and enhancing existing products to meet evolving customer demands and regulatory requirements. Furthermore, the global wax market also witnesses competition from regional and local players, especially in emerging economies, further intensifying market rivalry and driving continuous innovation and growth in the industry.

Wax Market News:

In March 2022, AWAX s.p.a., a company that specializes in the production, development, and distribution of wax products bought Sasol's Germany-based subsidiary, Sasol Wax GmbH. Through this, AWAX gained two production facilities in Hamburg, Germany, one in Birkenhead, UK, and another in Linz, Austria, all of which operate under the name Hywax.

In January 2021, HollyFrontier Corporation finalized the acquisition of Puget Sound Refinery from Shell Oil Products US for $613.6 million. This acquisition positions HFC in West Coast product markets, boosting its refining operations, as well as the products and services portfolio.

Key Questions Answered in This Report

  • 1. What was the size of the global wax market in 2023?
  • 2. What is the expected growth rate of the global wax market during 2024-2032?
  • 3. What are the key factors driving the global wax market?
  • 4. What has been the impact of COVID-19 on the global wax market?
  • 5. What is the breakup of the global wax market based on the type?
  • 6. What is the breakup of the global wax market based on the application?
  • 7. What are the key regions in the global wax market?
  • 8. Who are the key players/companies in the global wax market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Wax Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Type

  • 6.1 Mineral Wax
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Synthetic Wax
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Natural Wax
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Others
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by Form

  • 7.1 Flakes
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Granules
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Powder
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Others
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast

8 Market Breakup by Application

  • 8.1 Candles
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Cosmetics
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Packaging
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Emulsions
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Hot Melts
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast
  • 8.6 Floor Polishes
    • 8.6.1 Market Trends
    • 8.6.2 Market Forecast
  • 8.7 Others
    • 8.7.1 Market Trends
    • 8.7.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Baker Hughes Company
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 Financials
      • 14.3.1.4 SWOT Analysis
    • 14.3.2 BASF SE
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
      • 14.3.2.4 SWOT Analysis
    • 14.3.3 Cepsa
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 SWOT Analysis
    • 14.3.4 China Petrochemical Corporation
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
    • 14.3.5 Eni S.p.A.
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
      • 14.3.5.4 SWOT Analysis
    • 14.3.6 Evonik Industries AG
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
    • 14.3.7 Exxon Mobil Corporation
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
      • 14.3.7.3 Financials
      • 14.3.7.4 SWOT Analysis
    • 14.3.8 HF Sinclair Corporation
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
      • 14.3.8.3 Financials
      • 14.3.8.4 SWOT Analysis
    • 14.3.9 Honeywell International Inc.
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
    • 14.3.10 Mitsui Chemicals Inc.
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 Financials
      • 14.3.10.4 SWOT Analysis
    • 14.3.11 Nippon Seiro Co. Ltd.
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
      • 14.3.11.3 Financials
    • 14.3.12 Sasol Limited
      • 14.3.12.1 Company Overview
      • 14.3.12.2 Product Portfolio
      • 14.3.12.3 Financials
      • 14.3.12.4 SWOT Analysis
    • 14.3.13 Shell plc
      • 14.3.13.1 Company Overview
      • 14.3.13.2 Product Portfolio
      • 14.3.13.3 Financials

List of Figures

  • Figure 1: Global: Wax Market: Major Drivers and Challenges
  • Figure 2: Global: Wax Market: Sales Value (in Billion US$), 2018-2023
  • Figure 3: Global: Wax Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 4: Global: Wax Market: Breakup by Type (in %), 2023
  • Figure 5: Global: Wax Market: Breakup by Form (in %), 2023
  • Figure 6: Global: Wax Market: Breakup by Application (in %), 2023
  • Figure 7: Global: Wax Market: Breakup by Region (in %), 2023
  • Figure 8: Global: Wax (Mineral Wax) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 9: Global: Wax (Mineral Wax) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 10: Global: Wax (Synthetic Wax) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 11: Global: Wax (Synthetic Wax) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 12: Global: Wax (Natural Wax) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 13: Global: Wax (Natural Wax) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 14: Global: Wax (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 15: Global: Wax (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 16: Global: Wax (Flakes) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 17: Global: Wax (Flakes) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 18: Global: Wax (Granules) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 19: Global: Wax (Granules) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 20: Global: Wax (Powder) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 21: Global: Wax (Powder) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 22: Global: Wax (Other Forms) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 23: Global: Wax (Other Forms) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 24: Global: Wax (Candles) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 25: Global: Wax (Candles) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 26: Global: Wax (Cosmetics) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 27: Global: Wax (Cosmetics) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 28: Global: Wax (Packaging) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 29: Global: Wax (Packaging) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 30: Global: Wax (Emulsions) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 31: Global: Wax (Emulsions) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 32: Global: Wax (Hot Melts) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 33: Global: Wax (Hot Melts) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 34: Global: Wax (Floor Polishes) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 35: Global: Wax (Floor Polishes) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 36: Global: Wax (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 37: Global: Wax (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 38: North America: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 39: North America: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 40: United States: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 41: United States: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 42: Canada: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 43: Canada: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 44: Asia-Pacific: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 45: Asia-Pacific: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 46: China: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 47: China: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 48: Japan: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 49: Japan: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 50: India: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 51: India: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 52: South Korea: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 53: South Korea: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 54: Australia: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 55: Australia: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 56: Indonesia: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 57: Indonesia: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 58: Others: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 59: Others: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 60: Europe: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 61: Europe: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 62: Germany: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 63: Germany: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 64: France: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 65: France: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 66: United Kingdom: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 67: United Kingdom: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 68: Italy: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 69: Italy: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 70: Spain: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 71: Spain: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 72: Russia: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 73: Russia: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 74: Others: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 75: Others: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 76: Latin America: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 77: Latin America: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 78: Brazil: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 79: Brazil: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 80: Mexico: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 81: Mexico: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 82: Others: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 83: Others: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 84: Middle East and Africa: Wax Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 85: Middle East and Africa: Wax Market: Breakup by Country (in %), 2023
  • Figure 86: Middle East and Africa: Wax Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 87: Global: Wax Industry: SWOT Analysis
  • Figure 88: Global: Wax Industry: Value Chain Analysis
  • Figure 89: Global: Wax Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Wax Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Wax Market Forecast: Breakup by Type (in Million US$), 2024-2032
  • Table 3: Global: Wax Market Forecast: Breakup by Form (in Million US$), 2024-2032
  • Table 4: Global: Wax Market Forecast: Breakup by Application (in Million US$), 2024-2032
  • Table 5: Global: Wax Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 6: Global: Wax Market: Competitive Structure
  • Table 7: Global: Wax Market: Key Players