DUBLIN--(BUSINESS WIRE)--The "Global Wax Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 to 2025" report has been added to ResearchAndMarkets.com's offering.
The global wax market is expected to grow at a CAGR of 3.2% from 2017 to 2025.
The surge in demand of end-user industries is a pivotal factor in the growth of the global wax market. With growing preference for natural remedies and ayurvedic medicines across the world further boost the use of wax in personal care industry. There is also paradigm shift observed from petrochemical to natural derived wax in personal care, baby product and general healthcare and wellness product. Thus, booming personal care industry is another factor driving the overall wax market.
The global wax market that is dominated by petroleum wax is now on the decline. Over past few years there is significant decrease in Group I lubricant and wax capacity in North America and lately in Europe too.
PetroChina, ExxonMobil and Sinopec are the top three suppliers of petroleum wax globally. Together, these three accounted for more than 35% share of the global petroleum wax capacity. CNPC and Sinopec, ExxonMobil Corp, and Shell oil are the top three producers of wax globally. Together, these three produce wax more than 30.0 million tons. Sasol Wax and Lukoil among others are some of the other prominent players present in this market.
- Rising demand from emerging economies
- Evolving technology
- Rising demand from end-use industries
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Global Wax Market: Dynamics and Outlook
Chapter 4 Global Wax Market, by Type
Chapter 5 Global Wax Market Analysis, by Application
Chapter 6 Global Market, by Application
Chapter 7 Global Wax Market, by Geography
Chapter 8 Company Profiles
- BASF SE
- Bogdany Petrol Ltd.
- China National Petroleum Corporation
- Darent Wax Company Ltd
- Exxon Mobil Corporation
- Frank B. Ross Co. Inc.
- H&R Group
- HCI Wax
- Ilumina Wax d.o.o.
- Kerax Limited
- Sinopec (China Petroleum & Chemical Corporation)
- Sasol Limited
- Sonneborn LLC
- The International Group, Inc.
- TROMM GmbH
For more information about this report visit https://www.researchandmarkets.com/research/3rt32r/global_wax_market?w=4