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Global Waxes Market

  • Published Date: 21 Feb 2018
  • Number of Pages: 199
  • Category: Chemicals
  • Country: Global
The waxes can be natural wax, synthetic wax or vegetable wax. Waxes has its application in industries such as ink, cosmetics, paints, rubber, electrical and electronics, plastic, adhesive, candles, coatings automobile polishing product, toiletries and pharmaceutical. The important raw material used for the production of petroleum wax is slack wax. The slack wax obtained by the crude oil refinery process is then converted to wax either by the refinery or wax manufacturers. The medium and small size wax manufacturers obtain the slack wax from the refinery and process it further to manufacture the paraffin wax or other products.

Market Dynamics

Though the growth rate in the paraffin wax production was not so appealing, the demand for the waxes across industries has been steadily increasing. The wax industry is facing rapid changes in the sourcing of the wax. There is a paradigm shift from the petroleum wax to the synthetic wax and vegetable wax. Although the traditional or conventional wax usages such as candles have come down commendably, alternative uses of waxes has evolved in the market such as surface coating in the ceramic and glossy cardboard papers, etc. The market has evolved itself in application of waxes in new rheology. Now this will be the new demand area and it uses the non-petroleum wax types. This has led the producers and the sellers to prepare themselves for the changing business dynamics and equip themselves to the change.

Market Segmentation

The global wax market can be segmented product-wise in to Petroleum/mineral, synthetic and natural waxes. The Paraffin waxes and microcrystalline waxes are obtained from petroleum and mineral wax and therefore are the sub segments.The synthetic wax is further segmented to GTL and polymer. The petroleum and mineral waxes has the highest share in the market when segmented volume wise, followed by synthetic waxes. Industry wise segment of wax market is candles, cosmetics, and packaging industry. Candle industry has the greatest share in the market followed by cosmetics and packaging industry.
Regional/Geographic Analysis
The largest market share of global waxes market is held by Asia Pacific. There is huge use of wax in candle making, cosmetics and adhesives and this leads to huge revenue generation for the wax manufacturers. There is an anticipated growth in the region due to industrialization and leading to further expansion of the wax market. Latin America, Middle East and Africa are also known for the wax production and usage, but the growth is estimated to be slow in this region. Low growth rate is found in North American and European wax manufacturers, the reason being the market has its maturity stage.

Key Players

Some of the key players in the wax markets are ExxonMobil Corp,Shell, CNPC and Sinopec, Sasol Wax,Marathon Oil Corp, Lukoil,Nippon Siero Co,Petrobras, IGI Company, TOTAL, H&R Chemisce, BP CORP, Naftowax, Calumet Lubricants Corp, AGIP Petroli, Petro-Canada Lubricants, and Cepsa Company.

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe

> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe

> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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