Wax Market to Witness Huge Growth by 2022: Key Players – Sasol, Shell, Nippon, Westlake, Total, Clariant

Posted December 6, 2018 by amarsasane

“Wax Market” report includes - Industry Future Trends, Growth Opportunity, Experts reviews and forecast period (2018-2022). A wide range of Applications, Utilization Ratio.

Global Wax Market overview:

Detailed Study on Wax Market is growing at a CAGR during Forecasts year 2022. This Report covers the Major Players data, including: shipment, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size.

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The Market for wax is expected to register a significant growth during 2018 to 2022 the forecast period. This tremendous growth is supported by the growing demand from the cosmetics industry, where wax has widespread application in lipsticks, mascaras, moisturizing creams, and sunblock.

Global Wax Market is segmented on the basis of Type, Application, Industry and Region. Wax is made up of many types like animal based, vegetable based and synthetic waxes. Paraffin wax is a petroleum by-product created while in the process of its raw material crude oil is refined into gasoline. Depending on the refining process, three main grades of paraffin wax can be produced like fully refined, semi-refined, and scale. This market has become highly price volatile in last few years due to the crude oil price volatility. The fully refined waxes are widely used for candle making and as wax coatings for paper, film and foil substrates used in the packaging industry. China remains largest producer and exporter of paraffin wax while North America and Europe are highest demand generator and importer for this product. Some of applications are building materials, candles, cosmetics, corrugated board, inks, PVC, polishes, tire and rubber.

Regionally, Asia Pacific held maximum share in overall market in 2018, both, in terms of revenue and volume. Rapidly growing packaging manufacturing base in Asia Pacific, especially in Japan, India and China has played a crucial role in propelling product demand in past few years. Cosmetics and adhesive end-user industries were the highest contributors in terms of demand for wax in 2018. Moreover, the growing consumer goods demand in Latin America and Asia Pacific shall be responsible for fueling product demand in the coming years.

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Major Key Players:

1 China National Petroleum Corporation (China)

2 Sinopec Limited (China)

3 Exxon Mobil Corporation (US)

4 Sasol (ZA)

5 Lukoil (Russia)

6 Shell (Netherlands)

7 Nippon (Japan)

8 Westlake Chemical

9 Petrobras (Brazil)

10 Total (France)

11 Rosneft (Russia)

12 IGI Wax (US)

13 Clariant (China)

Market segment by Regions/Countries, this report covers:

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

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Table of Contents:

Global Wax Market Report 2018

1 Wax Definition

2 Global Wax Market Major Player Share and Market Overview

3 Major Player Wax Business Introduction

4 Global Wax Market Segmentation (Region Level)

5 Global Wax Market Segmentation (Product Type Level)

6 Global Wax Market Segmentation (Industry Level)

7 Global Wax Market Segmentation (Channel Level)

8 Wax Market Forecast 2018-2022

9 Wax Segmentation Type

10 Wax Segmentation Industry

11 Wax Cost Analysis

12 Conclusion

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Categories Food , Industry , Technology
Tags Global Wax market , Wax, , Wax Market , Wax Industry Analysis , Wax Market Size
Last Updated December 6, 2018