DUBLIN--(BUSINESS WIRE)--The "Global
Wax Market 2018-2022" report has been added to ResearchAndMarkets.com's
offering.
The global wax market is expected to generate a revenue of close to USD
14 billion by 2022.
One trend in the market is effective use of recycled plastics in wax
production. Plastics have posted a threat to the environment and human
health as they are either burnt or dumped in barren lands. Various
governments are encouraging the recycling of plastics as they can be
used to manufacture wax. According to the report, one driver in the
market is growing demand for synthetic and vegetable waxes. In terms of
product, the global wax market has been segmented into PB, synthetic,
and natural or bio-based wax. PB waxes led the global wax market with
the highest share in 2017; however, a decline in the supply of PB waxes
is expected to affect their demand during the forecast period. Further,
the report states that one challenge in the market is fluctuations in
prices of crude oil. Waxes are available in different types such as PB,
synthetic, and natural. PB wax is obtained from lube-oil refining,
which, in turn, is derived from crude oil. The fluctuation in the prices
of crude oil has an adverse effect on the prices of raw materials,
thereby affecting the costs of PB wax.
Market Trends
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Effective Use of Recycled Plastics in Wax Production
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Shift in Preference Toward Synthetic and Natural Waxes
Key Vendors
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BASF
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ExxonMobil Corporation
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General Electric
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Honeywell International
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Royal Dutch Shell
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Sasol
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Application
8. Market Segmentation by Product
9. Customer Landscape
10. Regional Landscape
11. Decision Framework
12. Drivers and Challenges
13. Market Trends
14. Vendor Landscape
15. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/v76qbs/global_wax_market?w=4