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    Industrial Wax Market | Covid-19 Impact Analysis

    Industrial Wax Market | Covid-19 Impact Analysis

    Industrial Wax Market | Covid-19 Impact Analysis
    Report code - SRAM482 Delivery - 2 Weeks
    Industrial Wax Market Size, Share, Trend, Forecast, & Industry Analysis – 2020-2 See more...
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    Impact of COVID-19 on Industrial Wax Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Industrial Wax Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Industrial Wax Market Insights

    Industrial Wax Market is likely to witness an impressive CAGR of 4.2% during the forecast period. Robust demand for chemicals and petroleum-based products has been the key factor immensely contributing to the growth of the industrial wax market. In addition, growing population, technological advancements in the wax market, and increasing per capita income in emerging countries such as China and India are  underpinning the growth of the industrial wax market.

    Industrial Wax Market - Snapshot

    Growth

    4.2% for the next five years

    Major Application Type

    Packaging

    Dominant Product Type

    Fossil-based wax

    Region with the highest demand

    Asia-Pacific

    Key Players

    Dow Corning Ltd., Akzo Nobel NV, BASF SE, Royal Dutch Shell,

    Sinopec, Petroleo Brasileiro, Hexion Inc.,

    Honeywell International Inc., Arch Chemicals PVT LTD, and

    Momentive Performance Materials

     

    Market Share Analysis

    Industrial-Wax-Market-Dominant-Segments

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    Industrial Wax Market Share: By Product Type

    Based on the product type, the market is segmented as synthetic-based wax, bio-based wax, and fossil-based wax.  Fossil-based wax is likely to be the largest segment of the industrial wax market during the forecast period, owing to it being widely used in the cosmetic industry for manufacturing products such as mascara, moisturizing creams, lipstick, and sun blocks. Besides, it is also used for making candelas, packaging, and coatings of commercial products, which in turn, is driving the growth of the segment.

    Industrial Wax Market Share: By Application Type

    Based on the application type, the market is segmented as packaging, tires & rubber, candles, holt-melt adhesives, cosmetics & personal care, food, coatings & polishes, and others. The packaging segment is likely to be the attractive segment during the forecast period as the demand for moisture-resistant material for packaging is increasing globally.

    Industrial Wax Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest industrial wax market during the forecast period, with China, Japan, and India, being the major countries with lucrative growth opportunities. The region is known to be the largest consumer of industrial wax, owing to the growth in the production and consumption of candles, packaging products and coatings.

    Industrial-Wax-Market-By-Region

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    Some of the major industrial wax manufacturers are-

    • Dow Corning Ltd.
    • Akzo Nobel NV
    • BASF SE
    • Royal Dutch Shell
    • Sinopec
    • Petroleo Brasileiro
    • Hexion Inc.
    • Honeywell International Inc.
    • Arch Chemicals PVT LTD
    • Momentive Performance Materials.

     

    Market Scope & Segmentation

    Industrial wax is an organic substance. It is used to manufacture candles, packaging, coatings & polishing, hot-melt adhesive, tire & rubber, cosmetics & personal care, and food items. There are different types of industrial wax used such as fossil-based, synthetic based, and bio-based. Bio-based waxes are environmentally friendly and can be recycled. They do not emit carbon dioxide due to which they can be used as fire logs.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Industrial Wax Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The industrial wax market is segmented into the following categories. 

    Industrial Wax Market Size, Share, & Forecast, by Application Type:

    • Packaging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Tires & Rubber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Candles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Holt-melt Adhesives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Cosmetics & Personal Care (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Food (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Coatings & Polishes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Industrial Wax Market Size, Share, & Forecast, by Product Type:

    • Synthetic-based wax
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Product Type Analysis: Poly-Olefin Waxes/ Alpha-Olefin Waxes)
    • Bio-based wax
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Product Type Analysis: Vegetable Waxes (Candelilla Wax, Carnauba Wax) and Animal Waxes (Beeswax, Chinese Wax, Tallow, Lanolin))
    • Fossil-based wax
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Product Type Analysis: Mineral Waxes and Petroleum Waxes)

    Industrial Wax Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Italy, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Industrial-Wax-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Industrial Wax Market in the foreseeable future?

    The industrial wax market is expected to witness an impressive growth of 4.2% CAGR in the foreseeable future.

    Who are the key players in the Industrial Wax Market?

    Dow Corning Ltd., Akzo Nobel NV, BASF SE, Royal Dutch Shell, Sinopec, Petroleo Brasileiro, Hexion Inc., Honeywell International Inc., Arch Chemicals PVT LTD, and Momentive Performance Materials are among the key players in the industrial wax market.

    Which country/region is expected to be the largest Industrial Wax Market?

    Asia-pacific is expected to be the largest industrial wax market during the next five years.

    What are the factors driving the growth of Industrial Wax Market?

    Some of the factors driving the growth of industrial wax market are growing population, technological advancements in the wax market, and increasing per capita income in emerging countries such as China and India.

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