“Slack Wax Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on slack wax market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for slack wax? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The slack wax market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Type: Slack Wax LMO; Slack Wax SPO; Slack Wax DAO; Slack Wax MMO
- 2) By Grade: Light; Heavy
- 3) By Application: Cosmetics; Candles; Polishes; Carbon Paper; Canvas Coatings; Composite Wood Panels; Other Applications
- Companies Mentioned: ExxonMobil Corporation; Royal Dutch Shell PLC.; Thai Oil Public Company Limited; Iranol Company; American Refining Group Inc.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the slack wax market are ExxonMobil Corporation, Royal Dutch Shell PLC., Thai Oil Public Company Limited, Iranol Company, American Refining Group Inc., IRPC Public Company Limited, BP p.l.c, Sasol Limited, PT Pertamina, RAHA Paraffin Co, China Petroleum & Chemical Corporation, ATDM Co Ltd., Industrial Raw Materials LLC, HF Sinclair Corporation, Polwax S A, Panama Petrochem Ltd., Industrial Raw Materials LLC and Eagle Petrochem Company.
The global slack wax market is expected to grow from $3.83 billion in 2022 to $3.88 billion in 2023 at a compound annual growth rate (CAGR) of 1.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The slack wax market is expected to reach $4.17 billion in 2027 at a CAGR of 1.8%.
The slack wax market consists of sales of low-neutral, medium-neutral, and heavy-neutral slack waxes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Slack wax refers to the crude wax that is produced by chilling and solvent filter-pressing wax distillate in the oil refining process, and it is the precursor of paraffin wax and scale wax.
Asia-Pacific was the largest region in the slack wax market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of slack wax are slack wax LMO, slack wax SPO, slack wax DAO, and slack wax MMO. Slack Wax LMO (light machine oil) also known as lubricating oil, consists of hydrocarbon chains in a range of 20 to 50 carbon atoms, and it is used to lubricate machine parts to reduce friction between them and provide a layer of protection against corrosion. Major grades of slack waxes are light and heavy and they are used in various applications such as candles, polishes, carbon paper, canvas coatings, composite wood panels, and others.
The increasing demand from the cosmetic industry is expected to propel the growth of the slack wax market going forward. The cosmetic industry refers to an industry involved in designing, producing, and sales of cosmetic products to enhance beauty. Slack wax is a critical raw material in the production of paraffin wax, which is widely used in the production of a variety of cosmetic preparations such as solid perfumes, creams, beauty masks, protective creams, and others due to its viscosity, binding, and softening properties. For instance, according to The 2022 New Year, New You Consumer Survey Report among 1,118 U.S.-based consumers conducted in 2022 by Catalina, a US-based digital media company, around 52% of respondents are planning to spend on beauty and enhancement products and approximately 19% of respondents increased their expenditure on beauty products in the year 2022. Therefore, the increasing demand from the cosmetic industries is driving the growth of the slack wax market.
Product innovation is the key trend gaining popularity in the slack wax market. Major companies operating in the slack wax market are focused on developing new and innovative products to sustain their market position. For instance, in May 2022, Natura-Tec, a France-based personal care cosmetics company launched Natural Candle Wax Base, a 100% upcycled candle wax base. This unique Candle Wax Base is palm-free and entirely vegan, created from natural components that are locally sourced and promote a real circular economy. Natural Candle Wax Base is created using only components that were salvaged during the processing of locally produced olive oil. Due to its unique composition, it appears creamy and smooth and cools without cracking. The burning process leaves no odor.
In March 2022, Awax Group, an Italy-based chemical company specializing in wax production and distribution acquired Sasol Wax GmbH for an undisclosed amount. Through this acquisition of combined resources, the Awax Group aims to strengthen its technological leadership in the wax sector and broaden its array of wax products. Sasol Wax GmbH is a Germany-based operating in natural and synthetic paraffin waxes.
The countries covered in the slack wax market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The slack wax market research report is one of a series of new reports from The Business Research Company that provides slack wax market statistics, including slack wax industry global market size, regional shares, competitors with a slack wax market share, detailed slack wax market segments, market trends and opportunities, and any further data you may need to thrive in the slack wax industry. This slack wax market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Slack Wax Market Characteristics
3. Slack Wax Market Trends And Strategies
4. Slack Wax Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Slack Wax Market
- 4.2. Ukraine-Russia War Impact On Slack Wax Market
- 4.3. Impact Of High Inflation On Slack Wax Market
5. Slack Wax Market Size And Growth
- 5.1. Global Slack Wax Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Slack Wax Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Slack Wax Market Segmentation
- 6.1. Global Slack Wax Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Slack Wax LMO
- Slack Wax SPO
- Slack Wax DAO
- Slack Wax MMO
- 6.2. Global Slack Wax Market, Segmentation By Grade, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Light
- Heavy
- 6.3. Global Slack Wax Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Cosmetics
- Candles
- Polishes
- Carbon Paper
- Canvas Coatings
- Composite Wood Panels
- Other Applications
7. Slack Wax Market Regional And Country Analysis
- 7.1. Global Slack Wax Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Slack Wax Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Slack Wax Market
- 8.1. Asia-Pacific Slack Wax Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Slack Wax Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Slack Wax Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Slack Wax Market
- 9.1. China Slack Wax Market Overview
- 9.2. China Slack Wax Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Slack Wax Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Slack Wax Market
- 10.1. India Slack Wax Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Slack Wax Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Slack Wax Market
- 11.1. Japan Slack Wax Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Slack Wax Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Slack Wax Market
- 12.1. Australia Slack Wax Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Slack Wax Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Slack Wax Market
- 13.1. Indonesia Slack Wax Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Slack Wax Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Slack Wax Market
- 14.1. South Korea Slack Wax Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Slack Wax Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Slack Wax Market
- 15.1. Western Europe Slack Wax Market Overview
- 15.2. Western Europe Slack Wax Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Slack Wax Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Slack Wax Market
- 16.1. UK Slack Wax Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Slack Wax Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Slack Wax Market
- 17.1. Germany Slack Wax Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Slack Wax Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Slack Wax Market
- 18.1. France Slack Wax Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Slack Wax Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Slack Wax Market
- 19.1. Eastern Europe Slack Wax Market Overview
- 19.2. Eastern Europe Slack Wax Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Slack Wax Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Slack Wax Market
- 20.1. Russia Slack Wax Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Slack Wax Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Slack Wax Market
- 21.1. North America Slack Wax Market Overview
- 21.2. North America Slack Wax Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Slack Wax Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Slack Wax Market
- 22.1. USA Slack Wax Market Overview
- 22.2. USA Slack Wax Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Slack Wax Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Slack Wax Market
- 23.1. South America Slack Wax Market Overview
- 23.2. South America Slack Wax Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Slack Wax Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Slack Wax Market
- 24.1. Brazil Slack Wax Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Slack Wax Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Slack Wax Market
- 25.1. Middle East Slack Wax Market Overview
- 25.2. Middle East Slack Wax Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Slack Wax Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Slack Wax Market
- 26.1. Africa Slack Wax Market Overview
- 26.2. Africa Slack Wax Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Slack Wax Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Slack Wax Market Competitive Landscape And Company Profiles
- 27.1. Slack Wax Market Competitive Landscape
- 27.2. Slack Wax Market Company Profiles
- 27.2.1. ExxonMobil Corporation
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Royal Dutch Shell PLC
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Thai Oil Public Company Limited
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Iranol Company
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. American Refining Group Inc
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Slack Wax Market
29. Slack Wax Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer