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市場調查報告書
商品編碼
1521206

蠟市場報告按類型（礦物蠟、合成蠟、天然蠟等）、形式（薄片、顆粒、粉末等）、應用（蠟燭、化妝品、包裝、乳液、熱熔膠、地板拋光劑等） ，以及地區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個工作天內

價格

2023年全球蠟IMARC Group規模達106億美元。蠟市場的成長受到多種因素的推動，包括其在不同行業的廣泛應用、對天然和合成蠟的需求不斷增加、製造技術的進步以及對永續和環保蠟替代品的認知不斷增強。

蠟市場分析：

主要市場促進因素：由於環保意識不斷增強，對天然和永續蠟的需求不斷增加，這是推動蠟需求的主要因素。此外，擴大產品在食品、包裝、化妝品和個人護理領域的應用也為市場擴張開闢了獲利前景。此外，都市化進程的加速、人口成長和可支配收入正在對蠟市場前景產生正面影響。

主要市場趨勢：在消費者對環保產品的需求推動下，人們對天然和有機蠟的偏好日益成長，這是蠟市場的主要趨勢之一。此外，在健康趨勢和創新配方的推動下，化妝品和個人護理產品的應用不斷成長，正在促進市場擴張。同時，包裝和食品行業擴大使用蠟來提高產品品質和保存期限，這有助於市場成長。

地理趨勢：蠟市場預測顯示，亞太地區在快速工業化、都市化和基礎設施發展的推動下成為領先地區。此外，北美和歐洲仍然是重要的市場，其成熟的行業和嚴格的法規推動了對特種蠟的需求。同時，由於消費者需求的成長和工業的發展，拉丁美洲和非洲的新興經濟體提供了尚未開發的市場擴張機會。

競爭格局：蠟業的一些主要市場參與者包括貝克休斯公司、巴斯夫SE、Cepsa、中國石化集團公司、埃尼公司、贏創工業股份公司、埃克森美孚公司、HF Sinclair公司、霍尼韋爾國際公司、三井化學公司.、Nippon Seiro Co. Ltd、Sasol Limited 和 Shell plc。等等。

挑戰與機會：蠟市場分析顯示，原料價格波動、環境法規以及替代材料的競爭正在挑戰市場成長。另一方面，蠟市場近期的機會在於持續創新和開發永續蠟產品、拓展新興市場以及建立策略合作夥伴關係以獲得新客戶和分銷管道。

蠟市場趨勢：

對天然和永續蠟的需求不斷增加：

對永續和天然蠟產品的需求不斷成長是提高全球蠟市場佔有率的主要趨勢之一。隨著消費者和產業越來越意識到環境問題並選擇環保替代品，源自可再生資源的蠟（如大豆、蜂蠟和棕櫚蠟）越來越受到消費者和產業的歡迎。與石油蠟相比，天然蠟具有多種優點，包括生物分解性、無毒性和減少對環境的影響。例如，2021年6月，巴西石化公司Braskem擴大了其I'm green(TM)產品線，推出了基於甘蔗乙醇的生物PE蠟。這種環保的添加方式符合 Braskem 對永續發展的承諾，為消費者提供可再生的替代品，同時減少對環境的影響。此外，化妝品、食品包裝和藥品等各種應用對天然成分的偏好進一步推動了對天然蠟的需求。

在化妝品和個人護理產品中不斷成長的應用：

蠟在美容配方中發揮著至關重要的作用，特別是在口紅中，蠟佔含量的 10% 至 15%，從而提高了其熔點。此外，蠟還具有質感、保濕性和光澤度，也提高了穩定性和鋪展性，增強了消費者的感官體驗，凸顯了蠟在當代美容和護膚產品中不可或缺的作用。全球蜂蠟貿易中約 40% 服務於化妝品行業，這凸顯了對價格在 4-10 美元/公斤之間的頂級純蜂蠟的需求。這突顯了蜂蠟相關企業的獲利能力，例如生產本地皮膚藥膏。此外，隨著消費者偏好轉向天然化妝品，植物蠟市場正在經歷顯著成長，從而提振了蠟市場收入。

蠟作為禮物的多功能性的擴展：

蠟燭購買者普遍認為蠟燭是適合各種場合的禮物，76% 的人認為蠟燭是節日的理想禮物，74% 的人認為蠟燭是喬遷慶典的理​​想禮物，66% 的人認為蠟燭是女主人/晚宴的禮物，61% 的人認為蠟燭是表達謝意的禮物，58% 的人認為蠟燭是成年生日的理想禮物。這種廣泛的接受強調了蠟燭的多功能性，既實用又感性。它們喚起溫暖和氛圍的能力使其受到普遍珍視，從而推動了市場需求。此外，蠟公司在香味特徵、設計和環保材質方面不斷創新，以滿足不同消費者的喜好。蠟燭作為愛情和感情的經典象徵的地位透過滿足人們對禮物的多樣化需求並鼓勵持續創新和客戶滿意度來保持蠟市場的成長。

蠟市場細分：

IMARC Group提供了每個細分市場的主要趨勢分析，以及 2024-2032 年全球、區域和國家層面的預測。我們的報告根據類型、形式和應用程式對市場進行了分類。

按類型分類：

礦物蠟

合成蠟

天然蠟

其他

礦物蠟佔據大部分市場佔有率

該報告根據類型提供了詳細的市場細分和分析。這包括礦物蠟、合成蠟、天然蠟和其他蠟。根據該報告，礦物蠟代表了最大的細分市場。

從蠟市場概況來看，石蠟、微晶蠟等礦物蠟因其優異的穩定性、低成本和多功能性而備受推崇，在各個領域都不可或缺。除此之外，它還廣泛應用於化妝品和個人護理行業的口紅、乳霜和乳液中，因為它能夠賦予光滑的質感、光澤的表面和持久的妝效，這有助於市場的成長。礦物蠟也可用作包裝和食品工業中紙板、紙板和食品包裝材料的塗料和密封劑，提供防潮和抵禦外界影響的能力。此外，由於其惰性和與活性藥物成分（API）的相容性，產品在藥用軟膏、栓劑和包衣的生產中被廣泛應用於製藥行業，正在推動市場成長。

按形式分類：

薄片

顆粒劑

粉末

其他

報告中也根據表格提供了詳細的市場區隔和分析。這包括薄片、顆粒、粉末等。

由於蠟片處理方便且在多個行業具有多功能性，其需求正在激增。由於其易於熔化和混合的能力，它們在蠟燭製造、化妝品和塗料中廣泛使用。這不僅簡化了製造流程，也提高了產品品質。蠟片的適應性使其不可或缺，有助於提高不同應用中的效率和成品的整體吸引力。

除此之外，蠟顆粒因其一致的尺寸和控釋特性而越來越受到青睞，特別是在製藥、食品加工和工業應用等領域。它們的均勻性可以實現精確的劑量和分佈，這對於各種工藝至關重要。

此外，蠟粉的受歡迎程度源自於其細小的粒徑和優異的分散性，尤其在印刷油墨、油漆和拋光劑中受到重視。它具有光滑的紋理、卓越的覆蓋率和無可挑剔的表面光潔度，滿足嚴格的行業標準，這有助於其不斷成長的需求。

按應用分類：

蠟燭

化妝品

包裝

乳液

熱熔膠

地板拋光劑

其他

蠟燭代表了領先的細分市場。

該報告根據應用程式提供了詳細的市場細分和分析。這包括蠟燭、化妝品、包裝、乳液、熱熔膠、地板拋光劑等。根據該報告，蠟燭代表了最大的部分。

用於裝飾、芳香和功能用途的蠟燭在住宅、商業和酒店領域越來越受歡迎，這推動了市場的成長。美國蠟燭協會透露，美國蠟燭產品每年的零售額約為31.4億美元。蠟燭是多功能的環境照明解決方案，可為家庭、餐廳、飯店和活動場所營造舒適的氛圍。根據美國蠟燭協會的資料，蠟燭使用者主要在客廳使用蠟燭，42% 的人表示客廳是最常見的燃燒蠟燭的地方。其次是廚房，佔 18%；臥室，佔 13%。此外，隨著人們越來越重視健康和自我保健實踐，注入精油的香氛蠟燭因其治療功效、促進放鬆、緩解壓力和改善情緒而受到追捧。除此之外，具有獨特設計、顏色和香味的個性化和手工蠟燭的興起趨勢吸引了尋求優質和定製家居裝飾產品的挑剔消費者。

按地區分類：

北美洲

美國

加拿大

亞太

中國

日本

印度

韓國

澳洲

印尼

其他

歐洲

德國

法國

英國

義大利

西班牙

俄羅斯

其他

拉丁美洲

巴西

墨西哥

其他

中東和非洲

亞太地區引領市場，佔據最大的蠟市場佔有率

該報告還對所有主要區域市場進行了全面分析，其中包括北美（美國和加拿大）；亞太地區（中國、日本、印度、韓國、澳洲、印尼等）；歐洲（德國、法國、英國、義大利、西班牙、俄羅斯等）；拉丁美洲（巴西、墨西哥等）；以及中東和非洲。報告稱，亞太地區是最大的蠟區域市場。

根據蠟市場報告，由於中國、印度和東南亞國家等國家的快速城市化、人口擴張和可支配收入的增加，亞太地區對蠟的需求不斷成長，推動了市場的擴張。特別是，建築和基礎設施行業正在顯著成長，刺激了對塗料、密封劑和防水材料中使用的蠟的需求。除此之外，該地區不斷擴大的汽車和包裝行業需要蠟用於潤滑劑、拋光劑和包裝塗料等應用，這進一步促進了市場成長。此外，化妝品和個人護理行業的興起，加上消費者生活方式和偏好的變化，正在推動對化妝品配方和盥洗用品中使用的蠟的需求。

競爭格局：

市場研究報告也對市場競爭格局進行了全面分析。也提供了所有主要公司的詳細資料。蠟業的一些主要市場參與者包括貝克休斯公司、巴斯夫SE、Cepsa、中國石化公司、埃尼公司、贏創工業股份公司、埃克森美孚公司、HF Sinclair公司、霍尼韋爾國際公司、三井化學公司、日本化學公司Seiro Co. Ltd、Sasol Limited、殼牌公司等

（請注意，這只是關鍵參與者的部分列表，報告中提供了完整列表。）

全球蠟市場的特徵是主要參與者之間競爭激烈。這些公司根據產品品質、創新、定價策略和地理覆蓋等因素進行競爭。他們也專注於併購、合作夥伴關係和產品發布等策略性舉措，以獲得競爭優勢並擴大市場佔有率。此外，研發 (R&D) 投資對於開發新的蠟配方和增強現有產品以滿足不斷變化的客戶需求和監管要求至關重要。此外，全球蠟市場也面臨來自區域和本土企業，特別是新興經濟體企業的競爭，進一步加劇了市場競爭，推動了產業的不斷創新和成長。

蠟市場新聞：

2022 年 3 月，專門從事蠟產品生產、開發和分銷的公司 AWAX spa 收購了 Sasol 位於德國的子公司 Sasol Wax GmbH。透過此次收購，AWAX 獲得了兩座位於德國漢堡的生產設施、一座位於英國伯肯黑德和另一座位於奧地利林茨的生產設施，所有這些設施均以 Hywax 為名運作。

2021 年 1 月，HollyFrontier Corporation 以 6.136 億美元完成從殼牌石油產品美國公司收購 Puget Sound 煉油廠。此次收購使 HFC 在西海岸產品市場佔有一席之地，促進其煉油業務以及產品和服務組合。

本報告回答的關鍵問題

  • 2023年全球蠟市場規模是多少
  • 2024-2032年全球蠟市場的預期成長率是多少
  • 推動全球蠟市場的關鍵因素是什麼
  • COVID-19 對全球蠟市場有何影響
  • 全球蠟市場按類型分類是怎樣的
  • 根據應用，全球蠟市場的細分如何
  • 全球蠟市場的重點區域有哪些
  • 誰是全球蠟市場的主要參與者/公司

本報告回答的關鍵問題

  • 2023年全球蠟市場規模有多大？ 2024-2032年全球蠟市場的預期成長率是多少？
  • 推動全球蠟市場的關鍵因素是什麼？
  • COVID-19 對全球蠟市場有何影響？
  • 全球蠟市場按類型分類是怎樣的？
  • 根據應用，全球蠟市場的詳細情形如何？
  • 全球蠟市場的重點區域有哪些？
  • 全球蠟市場的主要參與者/公司有哪些？

目錄

第1章：前言

第 2 章：範圍與方法

  • 研究目的
  • 利害關係人
  • 資料來源
    • 主要資源
    • 二手資料
  • 市場預測
    • 自下而上的方法
    • 自上而下的方法
  • 預測方法

第 3 章：執行摘要

第 4 章：簡介

  • 概述
  • 主要行業趨勢

第 5 章：全球蠟市場

  • 市場概況
  • 市場業績
  • COVID-19 的影響
  • 市場預測

第 6 章：市場區隔：按類型

  • 礦物蠟
    • 市場走向
    • 市場預測
  • 合成蠟
    • 市場走向
    • 市場預測
  • 天然蠟
    • 市場走向
    • 市場預測
  • 其他
    • 市場走向
    • 市場預測

第 7 章：市場區隔：按形式

  • 薄片
    • 市場走向
    • 市場預測
  • 顆粒劑
    • 市場走向
    • 市場預測
  • 粉末
    • 市場走向
    • 市場預測
  • 其他
    • 市場走向
    • 市場預測

第 8 章：市場區隔：按應用

  • 蠟燭
    • 市場走向
    • 市場預測
  • 化妝品
    • 市場走向
    • 市場預測
  • 包裝
    • 市場走向
    • 市場預測
  • 乳液
    • 市場走向
    • 市場預測
  • 熱熔膠
    • 市場走向
    • 市場預測
  • 地板拋光劑
    • 市場走向
    • 市場預測
  • 其他
    • 市場走向
    • 市場預測

第 9 章：市場區隔：按地區

  • 北美洲
    • 美國
    • 加拿大
  • 亞太
    • 中國
    • 日本
    • 印度
    • 韓國
    • 澳洲
    • 印尼
    • 其他
  • 歐洲
    • 德國
    • 法國
    • 英國
    • 義大利
    • 西班牙
    • 俄羅斯
    • 其他
  • 拉丁美洲
    • 巴西
    • 墨西哥
    • 其他
  • 中東和非洲
    • 市場走向
    • 市場細分：按國家/地區
    • 市場預測

第 10 章：SWOT 分析

  • 概述
  • 優勢
  • 弱點
  • 機會
  • 威脅

第 11 章：價值鏈分析

第 12 章：波特五力分析

  • 概述
  • 買家的議價能力
  • 供應商的議價能力
  • 競爭程度
  • 新進入者的威脅
  • 替代品的威脅

第 13 章：價格分析

第14章：競爭格局

  • 市場結構
  • 關鍵參與者
  • 關鍵參與者簡介
    • 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