DUBLIN--(BUSINESS WIRE)--The "Wax Market Analysis By Product (Mineral Wax, Synthetic Wax, natural Wax), By Application (Candles, Packaging, Rubber, Cosmetics, Fire Logs, Adhesives), By Region, And Segment Forecasts, 2014 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global wax market is expected to reach USD 12.9 billion by 2025, and is expected to grow at a CAGR of 3.7% from 2017 to 2025
Rising demand for the product owing to its superior properties including high gloss, non-toxicity, good water repellency and outstanding chemical resistance is anticipated to augment the industry size over the forecast period.
The growing consumption of synthetic wax as it offers various properties such as thermal degradation resistance, high temperature stability and good heat resistance is likely to increase its demand in creams, eye make-ups and lipsticks in cosmetics applications.
Natural wax has been emerging as a potential mineral and synthetic wax alternative on account of its ability to provide luster and excellent oil retention coupled with environment friendly nature. High scuff-resistant toughness and melting point, and chemical stability of the product as a substitute to paraffin, microcrystalline and polyethylene waxes is expected to witness promising gains over the upcoming years.
The candles accounted for 36.01% of the overall revenue share in 2016 and is expected to witness growth owing to high usage of the product are as gift items for various occasions, including house warming gifts, adult birthday party gifts as well as thank you and dinner/hostess party gifts. The increasing demand for blended, palm and soy waxes in candles industry is expected to augment the overall wax consumption in the near future.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Wax Market Variables, Trends & Scope
Chapter 4 Wax Market: Product Estimates & Trend Analysis
Chapter 5 Wax Market: Application Estimates & Trend Analysis
Chapter 6 Wax market: Regional Estimates & Trend Analysis
Chapter 7 Competitive Landscape
Chapter 8 Company Profiles
- Sinopec Corp.
- China National Petroleum Corporation
- HollyFrontier Corporation
- BP P.L.C.
- Nippon Seiro Co. Ltd.
- Baker Hughes Incorporated
- ExxonMobil Corporation
- Sasol NA Limited
- International Group Incorporated
- Evonik Industries AG
- BASF SE
- Dow Corning Corporation
- Honeywell International Incorporated
- Royal Dutch Shell Plc.
- Mitusi Chemicals
For more information about this report visit https://www.researchandmarkets.com/research/2kjl2g/global_wax?w=4