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Wax Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

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    • Petroleo Brasileiro SA
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Wax Market - Scope of Report

TMR's report on the global wax market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2023 to 2031. The report provides revenue of the global wax market for the period 2017-2031, considering 2023 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global wax market from 2023 to 2031.

The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players' product literature, annual reports, press releases, and relevant documents to understand the wax market.

Market Snapshot
Market Value in 2023US$ 8.8 Bn
Market Value in 2031US$ 11.1 Bn
CAGR2.6%

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global wax market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report throws light on the changing competitive dynamics in the global wax market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global wax market.

The report delves into the competitive landscape of the global wax market. Key players operating in the global wax market have been identified and each one of these has been profiled in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are the attributes of players in the global wax market profiled in this report.

Key Questions Answered in Global wax Market Report:

  • What is the sales/revenue generated by wax across all regions during the forecast period?
  • What are the opportunities in the global wax market?
  • What are the major drivers, restraints, opportunities, and threats in the market?
  • Which regional market is set to expand at the fastest CAGR during the forecast period?
  • Which segment is expected to generate the highest revenue globally in 2031?
  • Which segment is projected to expand at the highest CAGR during the forecast period?
  • What are the market positions of different companies operating in the global market?

Wax - Research Objectives and Research Approach

The comprehensive report on the global wax market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller ones. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global wax market in terms of product, end-user, and region. Key segments under each criterion have been studied at length, and the market share for each of these at the end of 2031 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global wax market.

Table of Contents

1. Executive Summary

  • 1.1. Global Market Outlook
  • 1.2. Demand Side Trends
  • 1.3. Key Facts and Figures
  • 1.4. Trends Impacting Market
  • 1.5. TMR's Growth Opportunity Wheel

2. Market Overview

  • 2.1. Market Segmentation
  • 2.2. Key Developments
  • 2.3. Market Definitions
  • 2.4. Key Market Trends
  • 2.5. Market Dynamics
    • 2.5.1. Drivers
    • 2.5.2. Restraints
    • 2.5.3. Opportunities
  • 2.6. Global Wax Market Analysis and Forecast, 2023-2031
    • 2.6.1. Global Wax Market Volume (Kilo Tons)
    • 2.6.2. Global Wax Market Revenue (US$ Bn)
  • 2.7. Porter's Five Forces Analysis
  • 2.8. Regulatory Landscape
  • 2.9. Value Chain Analysis
    • 2.9.1. List of Raw Material Suppliers
    • 2.9.2. List of Key Manufacturers
    • 2.9.3. List of Key Suppliers
    • 2.9.4. List of Potential Customers
  • 2.10. Product Specification Analysis
  • 2.11. Production Overview
  • 2.12. Cost Structure Analysis

3. COVID-19 Impact Analysis

  • 3.1. Impact on Supply Chain of Wax
  • 3.2. Impact on Demand for Wax- Pre & Post Crisis

4. Production Output Analysis (Tons), 2022

  • 4.1. North America
  • 4.2. Europe
  • 4.3. Asia Pacific
  • 4.4. Latin America
  • 4.5. Middle East & Africa

5. Impact of Current Geopolitical Scenario on Market

6. Price Trend Analysis and Forecast (US$/Ton), 2023-2031

  • 6.1. Price Trend Analysis by Product
  • 6.2. Price Trend Analysis by Region

7. Global Wax Market Analysis and Forecast, by Product, 2023-2031

  • 7.1. Introduction and Definitions
  • 7.2. Global Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
    • 7.2.1. Petroleum & Mineral Wax
      • 7.2.1.1. Paraffin Wax
      • 7.2.1.2. Microcrystalline Wax
      • 7.2.1.3. Others
    • 7.2.2. Synthetic Wax
      • 7.2.2.1. Gas-to-liquids (GTL) Wax
      • 7.2.2.2. Polymer Wax
      • 7.2.2.3. Others
    • 7.2.3. Natural Wax
      • 7.2.3.1. Beeswax
      • 7.2.3.2. Vegetable Wax
      • 7.2.3.3. Others
  • 7.3. Global Wax Market Attractiveness, by Product

8. Global Wax Market Analysis and Forecast, by Application, 2023-2031

  • 8.1. Introduction and Definitions
  • 8.2. Global Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
    • 8.2.1. Candles
    • 8.2.2. Packaging
    • 8.2.3. Wood & Fire Logs
    • 8.2.4. Rubber
    • 8.2.5. Adhesives
    • 8.2.6. Cosmetics
    • 8.2.7. Others
  • 8.3. Global Wax Market Attractiveness, by Application

9. Global Wax Market Analysis and Forecast, by Region, 2023-2031

  • 9.1. Key Findings
  • 9.2. Global Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Region, 2023-2031
    • 9.2.1. North America
    • 9.2.2. Europe
    • 9.2.3. Asia Pacific
    • 9.2.4. Latin America
    • 9.2.5. Middle East & Africa
  • 9.3. Global Wax Market Attractiveness, by Region

10. North America Wax Market Analysis and Forecast, 2023-2031

  • 10.1. Key Findings
  • 10.2. North America Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
  • 10.3. North America Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
  • 10.4. North America Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Country, 2023-2031
    • 10.4.1. U.S. Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
    • 10.4.2. U.S. Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
    • 10.4.3. Canada Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
    • 10.4.4. Canada Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
  • 10.5. North America Wax Market Attractiveness Analysis

11. Europe Wax Market Analysis and Forecast, 2023-2031

  • 11.1. Key Findings
  • 11.2. Europe Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
  • 11.3. Europe Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
  • 11.4. Europe Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Country and Sub-region, 2022-2031
    • 11.4.1. Germany Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Type, 2023-2031
    • 11.4.2. Germany. Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
    • 11.4.3. France Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
    • 11.4.4. France. Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
    • 11.4.5. U.K. Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
    • 11.4.6. U.K. Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
    • 11.4.7. Italy Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
    • 11.4.8. Italy Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
    • 11.4.9. Russia & CIS Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
    • 11.4.10. Russia & CIS Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
    • 11.4.11. Rest of Europe Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
    • 11.4.12. Rest of Europe Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
  • 11.5. Europe Wax Market Attractiveness Analysis

12. Asia Pacific Wax Market Analysis and Forecast, 2023-2031

  • 12.1. Key Findings
  • 12.2. Asia Pacific Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product
  • 12.3. Asia Pacific Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
  • 12.4. Asia Pacific Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Country and Sub-region, 2022-2031
    • 12.4.1. China Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
    • 12.4.2. China Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
    • 12.4.3. Japan Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
    • 12.4.4. Japan Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
    • 12.4.5. India Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
    • 12.4.6. India Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
    • 12.4.7. ASEAN Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
    • 12.4.8. ASEAN Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
    • 12.4.9. Rest of Asia Pacific Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
    • 12.4.10. Rest of Asia Pacific Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
  • 12.5. Asia Pacific Wax Market Attractiveness Analysis

13. Latin America Wax Market Analysis and Forecast, 2023-2031

  • 13.1. Key Findings
  • 13.2. Latin America Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
  • 13.3. Latin America Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
  • 13.4. Latin America Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Country and Sub-region, 2022-2031
    • 13.4.1. Brazil Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
    • 13.4.2. Brazil Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
    • 13.4.3. Mexico Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
    • 13.4.4. Mexico Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
    • 13.4.5. Rest of Latin America Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
    • 13.4.6. Rest of Latin America Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
  • 13.5. Latin America Wax Market Attractiveness Analysis

14. Middle East & Africa Wax Market Analysis and Forecast, 2023-2031

  • 14.1. Key Findings
  • 14.2. Middle East & Africa Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
  • 14.3. Middle East & Africa Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
  • 14.4. Middle East & Africa Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Country and Sub-region, 2022-2031
    • 14.4.1. GCC Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
    • 14.4.2. GCC Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
    • 14.4.3. South Africa Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
    • 14.4.4. South Africa Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
    • 14.4.5. Rest of Middle East & Africa Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Product, 2023-2031
    • 14.4.6. Rest of Middle East & Africa Wax Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2023-2031
  • 14.5. Middle East & Africa Wax Market Attractiveness Analysis

15. Competition Landscape

  • 15.1. Global Wax Market Company Share Analysis, 2022
  • 15.2. Company Profiles (Details - Overview, Financials, Recent Developments, and Strategy)
    • 15.2.1. China National Petroleum Corporation (CNPC)
      • 15.2.1.1. Company Revenue
      • 15.2.1.2. Business Overview
      • 15.2.1.3. Product Segments
      • 15.2.1.4. Geographic Footprint
      • 15.2.1.5. Production Capacity/Plant Details, etc. (*As Applicable)
      • 15.2.1.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.
    • 15.2.2. Sasol Wax
      • 15.2.2.1. Company Revenue
      • 15.2.2.2. Business Overview
      • 15.2.2.3. Product Segments
      • 15.2.2.4. Geographic Footprint
      • 15.2.2.5. Production Capacity/Plant Details, etc. (*As Applicable)
      • 15.2.2.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.
    • 15.2.3. The International Group, Inc.
      • 15.2.3.1. Company Revenue
      • 15.2.3.2. Business Overview
      • 15.2.3.3. Product Segments
      • 15.2.3.4. Geographic Footprint
      • 15.2.3.5. Production Capacity/Plant Details, etc. (*As Applicable)
      • 15.2.3.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.
    • 15.2.4. Lukoil
      • 15.2.4.1. Company Revenue
      • 15.2.4.2. Business Overview
      • 15.2.4.3. Product Segments
      • 15.2.4.4. Geographic Footprint
      • 15.2.4.5. Production Capacity/Plant Details, etc. (*As Applicable)
      • 15.2.4.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.
    • 15.2.5. Petroleo Brasileiro S.A.
      • 15.2.5.1. Company Revenue
      • 15.2.5.2. Business Overview
      • 15.2.5.3. Product Segments
      • 15.2.5.4. Geographic Footprint
      • 15.2.5.5. Production Capacity/Plant Details, etc. (*As Applicable)
      • 15.2.5.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.
    • 15.2.6. Shell plc
      • 15.2.6.1. Company Revenue
      • 15.2.6.2. Business Overview
      • 15.2.6.3. Product Segments
      • 15.2.6.4. Geographic Footprint
      • 15.2.6.5. Production Capacity/Plant Details, etc. (*As Applicable)
      • 15.2.6.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.
    • 15.2.7. ExxonMobil
      • 15.2.7.1. Company Revenue
      • 15.2.7.2. Business Overview
      • 15.2.7.3. Product Segments
      • 15.2.7.4. Geographic Footprint
      • 15.2.7.5. Production Capacity/Plant Details, etc. (*As Applicable)
      • 15.2.7.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.
    • 15.2.8. Total Petrochemicals & Refining USA Inc.
      • 15.2.8.1. Company Revenue
      • 15.2.8.2. Business Overview
      • 15.2.8.3. Product Segments
      • 15.2.8.4. Geographic Footprint
      • 15.2.8.5. Production Capacity/Plant Details, etc. (*As Applicable)
      • 15.2.8.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.
    • 15.2.9. Petro-Canada
      • 15.2.9.1. Company Revenue
      • 15.2.9.2. Business Overview
      • 15.2.9.3. Product Segments
      • 15.2.9.4. Geographic Footprint
      • 15.2.9.5. Production Capacity/Plant Details, etc. (*As Applicable)
      • 15.2.9.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.
    • 15.2.10. Sinopec Limited
      • 15.2.10.1. Company Revenue
      • 15.2.10.2. Business Overview
      • 15.2.10.3. Product Segments
      • 15.2.10.4. Geographic Footprint
      • 15.2.10.5. Production Capacity/Plant Details, etc. (*As Applicable)
      • 15.2.10.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.
    • 15.2.11. Petroleos de Venezuela SA
      • 15.2.11.1. Company Revenue
      • 15.2.11.2. Business Overview
      • 15.2.11.3. Product Segments
      • 15.2.11.4. Geographic Footprint
      • 15.2.11.5. Production Capacity/Plant Details, etc. (*As Applicable)
      • 15.2.11.6. Strategic Partnership, Capacity Expansion, New Product Innovation, etc.

16. Primary Research: Key Insights

17. Appendix

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