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Wax Market Size, Share & Trends Analysis Report By Product (Synthetic, Mineral), By Application (Candles, Cosmetics & Toiletries), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2020 - 2027

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  • Sinopec Corp.
  • China National Petroleum Corporation(CNPC)
  • HollyFrontier Corporation
  • BP PLC
  • Nippon Seiro Co., Ltd.
  • Baker Hughes Incorporated
  • Exxon Mobil Corporation
  • Sasol Limited
  • International Group Incorporated(IGI)
  • Evonik Industries AG
  • BASF SE
  • Dow Inc.
  • Honeywell International Incorporated
  • Royal Dutch Shell PLC
  • Mitsui Chemicals
LSH 20.07.14

List of Tables

  • Table 1 List of end users
  • Table 2 Trade Balance, 2015 - 2018 (USD Million)(HS Code: 271290)
  • Table 3 Import statistics for major countries, 2012 - 2017 (USD Million) (HS Code: 271290)
  • Table 4 Export statistics for major countries, 2012 - 2017 (USD Million) (HS Code: 271290)
  • Table 5 PESTEL analysis
  • Table 6 Mineral wax market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
  • Table 7 Synthetic wax market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
  • Table 8 Natural wax market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
  • Table 9 Wax market volume & revenue, in candles, 2016 - 2027 (Kilotons) (USD Million)
  • Table 10 Wax market volume & revenue, in packaging, 2016 - 2027 (Kilotons) (USD Million)
  • Table 11 Wax market volume & revenue, in plastic & rubber, 2016 - 2027 (Kilotons) (USD Million)
  • Table 12 Wax market volume & revenue, in cosmetics & toiletries, 2016 - 2027 (Kilotons) (USD Million)
  • Table 13 Wax market volume & revenue, in fire logs, 2016 - 2027 (Kilotons) (USD Million)
  • Table 14 Wax market volume & revenue, in adhesives, 2016 - 2027 (Kilotons) (USD Million)
  • Table 15 Wax market volume & revenue, in other applications, 2016 - 2027 (Kilotons) (USD Million)
  • Table 16 North America wax market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
  • Table 17 North America wax market volume, by product, 2016 - 2027 (Kilotons)
  • Table 18 North America wax market revenue, by product, 2016 - 2027 (USD Million)
  • Table 19 North America wax market volume, by application, 2016 - 2027 (Kilotons)
  • Table 20 North America wax market revenue, by application, 2016 - 2027 (USD Million)
  • Table 21 U.S. wax market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
  • Table 22 U.S. wax market volume, by product, 2016 - 2027 (Kilotons)
  • Table 23 U.S. wax market revenue, by product, 2016 - 2027 (USD Million)
  • Table 24 U.S. wax market volume, by application, 2016 - 2027 (Kilotons)
  • Table 25 U.S. wax market revenue, by application, 2016 - 2027 (USD Million)
  • Table 26 Canada wax market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
  • Table 27 Canada wax market volume, by product, 2016 - 2027 (Kilotons)
  • Table 28 Canada wax market revenue, by product, 2016 - 2027 (USD Million)
  • Table 29 Canada wax market volume, by application, 2016 - 2027 (Kilotons)
  • Table 30 Canada wax market revenue, by application, 2016 - 2027 (USD Million)
  • Table 31 Europe wax market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
  • Table 32 Europe wax market volume, by product, 2016 - 2027 (Kilotons)
  • Table 33 Europe wax market revenue, by product, 2016 - 2027 (USD Million)
  • Table 34 Europe wax market volume, by application, 2016 - 2027 (Kilotons)
  • Table 35 Europe wax market revenue, by application, 2016 - 2027 (USD Million)
  • Table 36 Germany wax market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
  • Table 37 Germany wax market volume, by product, 2016 - 2027 (Kilotons)
  • Table 38 Germany wax market revenue, by product, 2016 - 2027 (USD Million)
  • Table 39 Germany wax market volume, by application, 2016 - 2027 (Kilotons)
  • Table 40 Germany wax market revenue, by application, 2016 - 2027 (USD Million)
  • Table 41 U.K. wax market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
  • Table 42 U.K. wax market volume, by product, 2016 - 2027 (Kilotons)
  • Table 43 U.K. wax market revenue, by product, 2016 - 2027 (USD Million)
  • Table 44 U.K. wax market volume, by application, 2016 - 2027 (Kilotons)
  • Table 45 U.K. wax market revenue, by application, 2016 - 2027 (USD Million)
  • Table 46 Asia Pacific wax market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
  • Table 47 Asia Pacific wax market volume, by product, 2016 - 2027 (Kilotons)
  • Table 48 Asia Pacific wax market revenue, by product, 2016 - 2027 (USD Million)
  • Table 49 Asia Pacific wax market volume, by application, 2016 - 2027 (Kilotons)
  • Table 50 Asia Pacific wax market revenue, by application, 2016 - 2027 (USD Million)
  • Table 51 China wax market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
  • Table 52 China wax market volume, by product, 2016 - 2027 (Kilotons)
  • Table 53 China wax market revenue, by product, 2016 - 2027 (USD Million)
  • Table 54 China wax market volume, by application, 2016 - 2027 (Kilotons)
  • Table 55 China wax market revenue, by application, 2016 - 2027 (USD Million)
  • Table 56 India wax market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
  • Table 57 India wax market volume, by product, 2016 - 2027 (Kilotons)
  • Table 58 India wax market revenue, by product, 2016 - 2027 (USD Million)
  • Table 59 India wax market volume, by application, 2016 - 2027 (Kilotons)
  • Table 60 India wax market revenue, by application, 2016 - 2027 (USD Million)
  • Table 61 Central & South America wax market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
  • Table 62 Central & South America wax market volume, by product, 2016 - 2027 (Kilotons)
  • Table 63 Central & South America wax market revenue, by product, 2016 - 2027 (USD Million)
  • Table 64 Central & South America wax market volume, by application, 2016 - 2027 (Kilotons)
  • Table 65 Central & South America wax market revenue, by application, 2016 - 2027 (USD Million)
  • Table 66 Brazil wax market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
  • Table 67 Brazil wax market volume, by product, 2016 - 2027 (Kilotons)
  • Table 68 Brazil wax market revenue, by product, 2016 - 2027 (USD Million)
  • Table 69 Brazil wax market volume, by application, 2016 - 2027 (Kilotons)
  • Table 70 Brazil wax market revenue, by application, 2016 - 2027 (USD Million)
  • Table 71 Middle East & Africa wax market volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
  • Table 72 Middle East & Africa wax market volume, by product, 2016 - 2027 (Kilotons)
  • Table 73 Middle East & Africa wax market revenue, by product, 2016 - 2027 (USD Million)
  • Table 74 Middle East & Africa wax market volume, by application, 2016 - 2027 (Kilotons)
  • Table 75 Middle East & Africa wax market revenue, by application, 2016 - 2027 (USD Million)
  • Table 76 Market Differentiators
  • Table 77 List of emerging/innovative companies
  • Table 78 Wax Production, by geography (%)

List of Figures

  • Fig. 1 Wax market segmentation
  • Fig. 2 Information procurement
  • Fig. 3 Data analysis models
  • Fig. 4 Market formulation and validation
  • Fig. 5 Data validating & publishing
  • Fig. 6 Market snapshot
  • Fig. 7 Global oil production & consumption, 2018 - 2021 (Million Barrels per Day)
  • Fig. 8 Global oil production & Consumption, 2010 - 2018 (Million Barrels per Day)
  • Fig. 9 Global wax volume & revenue, 2016 - 2027 (Kilotons) (USD Million)
  • Fig. 10 Key opportunities prioritized
  • Fig. 11 Global wax market value chain analysis
  • Fig. 12 Global crude oil prices, 2010 - 2020 (USD/Barrel)
  • Fig. 13 Global palm oil consumption volume, 2016 - 2027 (Thousand Tons)
  • Fig. 14 Profit margin analysis (%)
  • Fig. 15 Wax market dynamics
  • Fig. 16 Market driver analysis
  • Fig. 17 Global polyethylene wax market, 2014 - 2020 (Million Kilotons)
  • Fig. 18 Global paints & coatings production, by region - 2018 (%)
  • Fig. 19 Global paints & coatings consumption, 2014 - 2020 (Kilotons)
  • Fig. 20 Market restraint analysis
  • Fig. 21 Global palm oil price trend, 2010 - 2020 (USD/MT)
  • Fig. 22 Porter's analysis
  • Fig. 23 Wax market revenue, by product, 2019 & 2027 (USD Million)
  • Fig. 24 Wax market revenue, by application, 2019 & 2027 (USD Million)
  • Fig. 25 Wax market revenue, by region, 2019 & 2027 (USD Million)
  • Fig. 26 SWOT Analysis
  • Fig. 27 Market share analysis, 2019

Wax Market Growth & Trends

The global wax market size is expected to reach USD 12.4 billion by 2027 registering a CAGR of 2.8%, according to a new report by a Grand View Research, Inc. The market growth can be attributed to rapid expansion of application areas, such as cosmetics & toiletries, paints & coatings, and candle manufacturing. High demand for wax as a performance additive in plastics industry on account of its rising utilization as a water- and solvent-based mold release agent for polyurethane foam processing applications will boost the growth.

Moreover, its ability to function as a release agent and lubricant for engineering resins is expected to fuel the market growth over the forecast period. The market is driven by significantly growing demand for synthetic products worldwide. Two major subdivisions of synthetic wax include fully synthetic and partially synthetic. These are increasingly being used in cosmetics and personal care sectors, such as hair care, skin care, makeup, and other allied products. They are also used in hot melt adhesives, printing ink formulations, and coating solutions among others.

In terms of volume, mineral wax product segment accounted for the maximum share in 2019 and is anticipated to continue its dominance over the forecast years. Synthetic wax product segment is expected to witness the fastest CAGR from 2020 to 2027 due to the high demand for coatings, hot melt adhesives, paperboard, candles, printing inks, laminating, PVC lubricants, and polish formulations. Asia Pacific is anticipated to witness substantial growth owing to the rising living standards and rapid industrialization, especially in China and India.

Wax Market Report Highlights

  • Fluctuating prices of natural gas and crude oil are anticipated to affect the production capacity of synthetic wax and agricultural commodity prices, which, in turn, is likely to affect the production of natural wax
  • In terms of volume, mineral wax product segment accounted for a prominent share in 2019 and is further expected to witness steady growth over the forecast period
  • Candles application led the market and accounted for more than 30% of the overall revenue share in 2019
  • Key companies have undertaken strategies, such as partnerships, M&A, and product launch, to gain higher market share
  • For example, in February 2020, Trecora Resources, a leading provider of specialty hydrocarbons and waxes, entered into logistics service agreement with Odyssey Logistics for the distribution of its products

Table of Contents

Chapter 1 Methodology and Scope

  • 1.1 Market Segmentation & Scope
  • 1.2 Market Definitions
  • 1.3 Information Procurement
    • 1.3.1 Information analysis
    • 1.3.2 Market formulation & data visualization
    • 1.3.3 Data validation & publishing
  • 1.4 Research scope and assumptions
    • 1.4.1 List to Data Sources

Chapter 2 Executive Summary

  • 2.1 Market Outlook
  • 2.2 Segmental Outlook
  • 2.3 Competitive Insights

Chapter 3 Market Variables, Trends & 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
      • 3.3.1.1 Mineral Wax
      • 3.3.1.2 Synthetic Wax
      • 3.3.1.3 Natural Wax
    • 3.3.2 Manufacturing/TEchnology TRends
    • 3.3.3 Sales Channel analysis
    • 3.3.4 vendor selection criteria
    • 3.3.5 profit margin analysis
    • 3.3.6 List of key end-users
  • 3.4 Regulatory Framework
    • 3.4.1 Product Classification Code
    • 3.4.2 Standards & Compliance
    • 3.4.3 Safety
  • 3.5 Market Dynamics
    • 3.5.1 Market Driver Analysis
      • 3.5.1.1 Growing acceptance for synthetic wax worldwide
      • 3.5.1.2 Growing coatings & printing inks industry worldwide
    • 3.5.2 Market Restraint Analysis
      • 3.5.2.1 Volatility in raw material prices
    • 3.5.3 Industry Challenges
  • 3.6 Trade Analysis
    • 3.6.1 Trade Balance
    • 3.6.2 Net Importers, Key Country Analysis (USD Million)
    • 3.6.3 Net EXPORTERS, Key Country Analysis (USD Million)
  • 3.7 Business Environment Analysis
    • 3.7.1 Industry Analysis - Porter's
      • 3.7.1.1 Threat of new market entrant
      • 3.7.1.2 Buyer Power
      • 3.7.1.3 Threat of Substitutes
      • 3.7.1.4 Supplier POwer
      • 3.7.1.5 Competitive Rivalry
    • 3.7.2 PESTEL Analysis
      • 3.7.2.1 Political Landscape
      • 3.7.2.2 Environmental Landscape
      • 3.7.2.3 Social Landscape
      • 3.7.2.4 Technology Landscape
      • 3.7.2.5 Legal Landscape

Chapter 4 Wax Market: Product Estimates & Trend Analysis

  • 4.1 Product Market Introduction
  • 4.2 Wax Market Estimates & Forecasts, by Product
    • 4.2.1 Mineral
      • 4.2.1.1 Mineral Wax Market Estimates & Forecasts, 2016 - 2027 (Kilotons) (USD Million)
    • 4.2.2 Synthetic
      • 4.2.2.1 Synthetic Wax Market Estimates & Forecasts, 2016 - 2027 (Kilotons) (USD Million)
    • 4.2.3 Natural
      • 4.2.3.1 Natural Wax Market Estimates & Forecasts, 2016 - 2027 (Kilotons) (USD Million)

Chapter 5 Wax Market: Application Estimates & Trend Analysis

  • 5.1 Application Market Introduction
  • 5.2 Wax Market Estimates & Forecasts, by Application
    • 5.2.1 Candles
      • 5.2.1.1 Wax Market Estimates & Forecasts in Candles, 2016 - 2027 (Kilotons) (USD Million)
    • 5.2.2 Packaging
      • 5.2.2.1 Wax Market Estimates & Forecasts in Packaging, 2016 - 2027 (Kilotons) (USD Million)
    • 5.2.3 Plastic & Rubber
      • 5.2.3.1 Wax Market Estimates & Forecasts in Plastic & Rubber, 2016 - 2027 (Kilotons) (USD Million)
    • 5.2.4 Cosmetics & Toiletries
      • 5.2.4.1 Wax Market Estimates & Forecasts in Cosmetics & Toiletries, 2016 - 2027 (Kilotons) (USD Million)
    • 5.2.5 Fire Logs
      • 5.2.5.1 Wax Market Estimates & Forecasts in Fire Logs, 2016 - 2027 (Kilotons) (USD Million)
    • 5.2.6 Adhesives
      • 5.2.6.1 Wax Market Estimates & Forecasts in Adhesives, 2016 - 2027 (Kilotons) (USD Million)
    • 5.2.7 Other Applications
      • 5.2.7.1 Wax Market Estimates & Forecasts in Other Applications, 2016 - 2027 (Kilotons) (USD Million)

Chapter 6 Wax Market: Regional Estimates & Trend Analysis

  • 6.1 Regional Market Snapshot
  • 6.2 Regional Market Introduction
    • 6.2.1 North America
      • 6.2.1.1 market volume & revenue, by product, 2016 - 2027
      • 6.2.1.2 market volume & revenue, by application, 2016 - 2027
      • 6.2.1.3 U.S.
      • 6.2.1.3.1 market volume & revenue, by product, 2016 - 2027
      • 6.2.1.3.2 market volume & revenue, by application, 2016 - 2027
      • 6.2.1.4 Canada
      • 6.2.1.4.1 market volume & revenue, by product, 2016 - 2027
      • 6.2.1.4.2 market volume & revenue, by application, 2016 - 2027
    • 6.2.2 Europe
      • 6.2.2.1 market volume & revenue, by product, 2016 - 2027
      • 6.2.2.2 market volume & revenue, by application, 2016 - 2027
      • 6.2.2.3 Germany
      • 6.2.2.3.1 market volume & revenue, by product, 2016 - 2027
      • 6.2.2.3.2 market volume & revenue, by application, 2016 - 2027
      • 6.2.2.4 U.K.
      • 6.2.2.4.1 market volume & revenue, by product, 2016 - 2027
      • 6.2.2.4.2 market volume & revenue, by application, 2016 - 2027
    • 6.2.3 Asia Pacific
      • 6.2.3.1 market volume & revenue, by product, 2016 - 2027
      • 6.2.3.2 market volume & revenue, by application, 2016 - 2027
      • 6.2.3.3 China
      • 6.2.3.3.1 market volume & revenue, by product, 2016 - 2027
      • 6.2.3.3.2 market volume & revenue, by application, 2016 - 2027
      • 6.2.3.4 India
      • 6.2.3.4.1 market volume & revenue, by product, 2016 - 2027
      • 6.2.3.4.2 market volume & revenue, by application, 2016 - 2027
    • 6.2.4 Central & South America
      • 6.2.4.1 market volume & revenue, by product, 2016 - 2027
      • 6.2.4.2 market volume & revenue, by application, 2016 - 2027
      • 6.2.4.3 Brazil
      • 6.2.4.3.1 market volume & revenue, by product, 2016 - 2027
      • 6.2.4.3.2 market volume & revenue, by application, 2016 - 2027
    • 6.2.5 Middle East & Africa
      • 6.2.5.1 market volume & revenue, by product, 2016 - 2027
      • 6.2.5.2 market volume & revenue, by application, 2016 - 2027

Chapter 7 Wax Market - Competitive Analysis

  • 7.1 Key Global Players, Recent Developments & Their Impact on the Industry
  • 7.2 Key Company/Competition Categorization
  • 7.3 Vendor Landscape
    • 7.3.1 List of Key Distributors and Channel Partners
  • 7.4 Competitive Analysis
    • 7.4.1 Company Market Position Analysis
    • 7.4.2 Competitive Dashboard Analysis
      • 7.4.2.1 Market Differentiators
      • 7.4.2.2 Major Deals & Strategic Alliances
    • 7.4.3 SWOT Analysis
    • 7.4.4 List of key emerging companies/technology disruptors/innovators
    • 7.4.5 Geographical Presence
    • 7.4.6 Market Share Analysis

Chapter 8 Company Profiles

  • 8.1 Sinopec Corp.
    • 8.1.1 company introduction
    • 8.1.2 General Information
    • 8.1.3 Key Financial data
    • 8.1.4 Product portfolio
  • 8.2 China National Petroleum Corporation (CNPC)
    • 8.2.1 company introduction
    • 8.2.2 General Information
    • 8.2.3 Key Financial data
    • 8.2.4 Product portfolio
  • 8.3 HollyFrontier Corporation
    • 8.3.1 company introduction
    • 8.3.2 General Information
    • 8.3.3 Key Financial data
    • 8.3.4 product portfolio
    • 8.3.5 Strategic Initiatives
  • 8.4 BP P.L.C.
    • 8.4.1 company introduction
    • 8.4.2 General Information
    • 8.4.3 Key Financial data
    • 8.4.4 Product portfolio
  • 8.5 Nippon Seiro Co., Ltd.
    • 8.5.1 company introduction
    • 8.5.2 General Information
    • 8.5.3 Key Financial data
    • 8.5.4 Product portfolio
  • 8.6 Baker Hughes Incorporated
    • 8.6.1 company introduction
    • 8.6.2 General Information
    • 8.6.3 Key Financial data
    • 8.6.4 Product portfolio
  • 8.7 Exxon Mobil Corporation
    • 8.7.1 company introduction
    • 8.7.2 General Information
    • 8.7.3 Key Financial data
    • 8.7.4 Product portfolio
  • 8.8 Sasol Limited
    • 8.8.1 company introduction
    • 8.8.2 General Information
    • 8.8.3 Key Financial data
    • 8.8.4 Product portfolio
    • 8.8.5 Strategic Initiatives
  • 8.9 International Group Incorporated (IGI)
    • 8.9.1 company introduction
    • 8.9.2 General Information
    • 8.9.3 Key Financial data
    • 8.9.4 Product portfolio
  • 8.10 Evonik Industries AG
    • 8.10.1 company introduction
    • 8.10.2 General Information
    • 8.10.3 Key Financial data
    • 8.10.4 Product portfolio
    • 8.10.5 Strategic Initiatives
  • 8.11 BASF SE
    • 8.11.1 company introduction
    • 8.11.2 General Information
    • 8.11.3 Key Financial data
    • 8.11.4 Product portfolio
    • 8.11.5 Strategic Initiatives
  • 8.12 Dow Inc.
    • 8.12.1 company introduction
    • 8.12.2 General Information
    • 8.12.3 Key Financial data
    • 8.12.4 Product portfolio
  • 8.13 Honeywell International Incorporated
    • 8.13.1 company introduction
    • 8.13.2 General Information
    • 8.13.3 Key Financial data
    • 8.13.4 Product portfolio
  • 8.14 Royal Dutch Shell PLC
    • 8.14.1 company introduction
    • 8.14.2 General Information
    • 8.14.3 Key Financial data
    • 8.14.4 Product portfolio
    • 8.14.5 Strategic Initiatives
  • 8.15 Mitsui Chemicals
    • 8.15.1 company introduction
    • 8.15.2 General Information
    • 8.15.3 Key Financial data
    • 8.15.4 Product portfolio
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