Wax Market is driven by the increased use in cosmetic purposes
© Dinesh Patel
According to a new report published by Variant Market Research, the global wax market size is expected to reach $11.6 Billion by 2024 from $8.3 Billion in 2016; growing at a CAGR of 4.3% from 2016 to 2024. Geographically, Asia-Pacific is the fastest growing region in the global biopesticides market. Asia-Pacific dominates the wax market share globally.
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Wax Market (By Product Type: Petroleum and Mineral Wax, Synthetic Wax, and Natural Wax; By Application: Candles, Packaging, Board Sizing, Rheology Surface, Health Industries, Cosmetics, and Other Applications; By Geography: North America, Europe, Asia-Pacific and Row) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 – 2024”
Varied commercial applications and increasing acceptance of synthetic waxes drives the market growth
The wax market is growing significantly due to its properties, such as exceptional temperature performance, scuff resistance, and excellent chemical & electrical resistance. Increasing usage in the production of pharmaceuticals ,cosmetics, industrial coatings, hot melt adhesives, plastic & rubber processing aids, metal casting, , and electrical insulations is projected to drive the global wax market in the upcoming future. However, rising prices of synthetic & bio-based waxes and reduction in supply of paraffin wax might hamper the market growth. Growing demand for unconventional waxes is expected to create new growth opportunities for the market in the upcoming years.
Get Table of Content (TOC) @ https://www.variantmarketresearch.com/report-categories/chemicals-materials/wax-market/toc
Market Segment
Product type, application, and geography are the major segments in the global wax market. Product type segment is classified into petroleum and mineral wax (paraffin wax, microcrystalline wax and others), natural wax (vegetable wax, animal & insect wax, and others), and synthetic wax (polymer wax, GTL wax, and others). On the basis of application, the market comprises candles, board sizing, packaging, rheology surface, health industries, cosmetics, and other applications. Based on geography, global wax market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Russia, Germany, France, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa. Senegal, United Kingdom, Ireland, New Zealand are projected to witness an accelerated growth in the wax market over the upcoming years.
The product type segment is dominated by Petroleum and mineral wax
Petroleum & mineral wax are anticipated to dominate the wax market type segment with major market share and is showing a steady growth. Petroleum waxes is widely used in cosmetics as it is considered safe and due to its glossy property it is also a suitable ingredients for polishes, floors, furniture, cars, and footwear.
Candles dominated the application segment in 2016
Increasing demand for aromatherapy and a shift in consumer preferences for making use of candles to enhance home ambiance is expected to drive the market growth further in the coming years.
To browse the complete report, visit at @ https://www.variantmarketresearch.com/report-categories/chemicals-materials/wax-market
Asia-Pacific holds the highest market share in the global wax market
Asia Pacific dominated the global market by accounting for 34.9% of the global market share in 2016 and is still growing at a fast pace. Increase in consciousness for personal care, packaging, rubber, and pharmaceuticals in China, India, and South Korea fueled the market trend. Increasing demand for hot melt adhesives in countries like China, Taiwan, Australia, India, and South Korea for packaging and woodworking is anticipated to accelerate market growth.
Competitive Landscape
The key players dominating the market include: The Blayson Group Ltd, Royal Dutch Shell Plc, Exxon Mobil Corp.,Petrobras Brasileiro S.A., Sasol Limited, PJSC Lukoil, HCl WAX,Numaligarh Refinery Limited, International Group, Inc.,and Sinopec Corp.,among others
Scope of the Global Wax Market
Product Type Segments
• Petroleum and Mineral Wax
o Paraffin Wax
o Microcrystalline Wax
o Others
• Synthetic Wax
o Polymer Wax
o GTL Wax
o Others
• Natural Wax
o Vegetable Wax
o Animal & Insect Wax
o Others
Application Segments
• Candles
• Packaging
• Board Sizing
• Rheology Surface Applications
• Health Industries
• Cosmetics
• Other Applications
Geographical Segments
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Russia
o Germany
o France
o Rest of Europe
• Asia-Pacific
o India
o China
o Japan
o Rest of Asia-Pacific
• Rest of the World
o South America
o Middle East
o Africa
Related Topics
1. Global Isostearic Acid Market Is Expected to Reach $630 Million, Says Variant Market Research
2. Global Humic Acid Market is Estimated to Reach $1,045 Million By 2024, Says Variant Market Research
3. Global Fluoropolymers Market Is Expected to Reach $10.5 Billion, Says Variant Market Research
4. Global Neem Extract Market is Estimated to Reach $2,862 Million by 2024, Says Variant Market Research
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
For further information, visit @ https://www.variantmarketresearch.com
Contact Us:
John Dave,
Head - Sales
Variant Market Research
649 Mission St, 5th Floor, San Francisco, CA 94105, United States.
Tel: +1-415-680-2785
Fax: +1-415-680-2786
Email: john.dave@variantmarketresearch.com
Email: help@variantmarketresearch.com
Click Here to Request a Free Sample PDF of This Report @ https://www.variantmarketresearch.com/report-categories/chemicals-materials/wax-market/sample-request
Wax Market (By Product Type: Petroleum and Mineral Wax, Synthetic Wax, and Natural Wax; By Application: Candles, Packaging, Board Sizing, Rheology Surface, Health Industries, Cosmetics, and Other Applications; By Geography: North America, Europe, Asia-Pacific and Row) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 – 2024”
Varied commercial applications and increasing acceptance of synthetic waxes drives the market growth
The wax market is growing significantly due to its properties, such as exceptional temperature performance, scuff resistance, and excellent chemical & electrical resistance. Increasing usage in the production of pharmaceuticals ,cosmetics, industrial coatings, hot melt adhesives, plastic & rubber processing aids, metal casting, , and electrical insulations is projected to drive the global wax market in the upcoming future. However, rising prices of synthetic & bio-based waxes and reduction in supply of paraffin wax might hamper the market growth. Growing demand for unconventional waxes is expected to create new growth opportunities for the market in the upcoming years.
Get Table of Content (TOC) @ https://www.variantmarketresearch.com/report-categories/chemicals-materials/wax-market/toc
Market Segment
Product type, application, and geography are the major segments in the global wax market. Product type segment is classified into petroleum and mineral wax (paraffin wax, microcrystalline wax and others), natural wax (vegetable wax, animal & insect wax, and others), and synthetic wax (polymer wax, GTL wax, and others). On the basis of application, the market comprises candles, board sizing, packaging, rheology surface, health industries, cosmetics, and other applications. Based on geography, global wax market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Russia, Germany, France, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa. Senegal, United Kingdom, Ireland, New Zealand are projected to witness an accelerated growth in the wax market over the upcoming years.
The product type segment is dominated by Petroleum and mineral wax
Petroleum & mineral wax are anticipated to dominate the wax market type segment with major market share and is showing a steady growth. Petroleum waxes is widely used in cosmetics as it is considered safe and due to its glossy property it is also a suitable ingredients for polishes, floors, furniture, cars, and footwear.
Candles dominated the application segment in 2016
Increasing demand for aromatherapy and a shift in consumer preferences for making use of candles to enhance home ambiance is expected to drive the market growth further in the coming years.
To browse the complete report, visit at @ https://www.variantmarketresearch.com/report-categories/chemicals-materials/wax-market
Asia-Pacific holds the highest market share in the global wax market
Asia Pacific dominated the global market by accounting for 34.9% of the global market share in 2016 and is still growing at a fast pace. Increase in consciousness for personal care, packaging, rubber, and pharmaceuticals in China, India, and South Korea fueled the market trend. Increasing demand for hot melt adhesives in countries like China, Taiwan, Australia, India, and South Korea for packaging and woodworking is anticipated to accelerate market growth.
Competitive Landscape
The key players dominating the market include: The Blayson Group Ltd, Royal Dutch Shell Plc, Exxon Mobil Corp.,Petrobras Brasileiro S.A., Sasol Limited, PJSC Lukoil, HCl WAX,Numaligarh Refinery Limited, International Group, Inc.,and Sinopec Corp.,among others
Scope of the Global Wax Market
Product Type Segments
• Petroleum and Mineral Wax
o Paraffin Wax
o Microcrystalline Wax
o Others
• Synthetic Wax
o Polymer Wax
o GTL Wax
o Others
• Natural Wax
o Vegetable Wax
o Animal & Insect Wax
o Others
Application Segments
• Candles
• Packaging
• Board Sizing
• Rheology Surface Applications
• Health Industries
• Cosmetics
• Other Applications
Geographical Segments
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Russia
o Germany
o France
o Rest of Europe
• Asia-Pacific
o India
o China
o Japan
o Rest of Asia-Pacific
• Rest of the World
o South America
o Middle East
o Africa
Related Topics
1. Global Isostearic Acid Market Is Expected to Reach $630 Million, Says Variant Market Research
2. Global Humic Acid Market is Estimated to Reach $1,045 Million By 2024, Says Variant Market Research
3. Global Fluoropolymers Market Is Expected to Reach $10.5 Billion, Says Variant Market Research
4. Global Neem Extract Market is Estimated to Reach $2,862 Million by 2024, Says Variant Market Research
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
For further information, visit @ https://www.variantmarketresearch.com
Contact Us:
John Dave,
Head - Sales
Variant Market Research
649 Mission St, 5th Floor, San Francisco, CA 94105, United States.
Tel: +1-415-680-2785
Fax: +1-415-680-2786
Email: john.dave@variantmarketresearch.com
Email: help@variantmarketresearch.com