Industrial Wax Market - Global Industry Analysis

Industrial Wax Market by Application (Food, Cosmetics & Personal Care, Tire & Rubber, Hot Melt Adhesive, Coatings & Polishing, Packaging, Candles, and Others), By Type (Bio-based Waxes, Synthetic Waxes, and Fossil-Based Waxes): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 26-Feb-2021 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-5719 Status : Published

The industrial wax market is set for a rapid growth over the forecast period. In terms of revenue, the global automated sortation system market accounted for USD 7.3 Billion in 2019 and is expected to reach USD 9.7 Billion by 2026, growing at a CAGR of 4.6% from 2020 to 2026.

Description

The industrial wax market is set for a rapid growth over the forecast period. In terms of revenue, the global automated sortation system market accounted for USD 7.3 Billion in 2019 and is expected to reach USD 9.7 Billion by 2026, growing at a CAGR of 4.6% from 2020 to 2026.

Global Industrial Wax Market: Overview

Industrial wax is an organic substance which is solid at room temperature and turns into liquid at high temperatures. Industrial wax properties make it an important element in the manufacturing process of rubber, cosmetics, additives, packaging, candles, and adhesives. There are many sources that are bio-based and thus chemical synthetic processes help in making the wax. Due to its properties such as excellent odor, resistance from microorganisms, high insulation, moisture levels, anti-caking, and UV resistance have propelled the consumption of industrial wax in numerous industries.

Global Industrial Wax Market: Growth Factors

The industrial wax market is anticipated to grow at high CAGR in the anticipated timeframe owing to the budding traction of consumer in candles and their numerous applications in the cosmetic industry. The amplification in the personal care industry has enhanced the demand for industrial wax. These are used in making of hair care, makeup and skincare, products. The growth of the global industrial wax is also fueled by the rising demand for wax in other applications such as food packaging, rubber & plastic processing, pharmaceuticals, adhesives, automotive polishes and bruising boards. The healthy demand for petroleum & chemical based products is a key factor for the growth of the industrial wax globally.

Moreover, with the surging industrialization in many countries such as India and China, the transportation of food, fruits, and other goods is rising at a tremendous pace. This is expected to boot the demand for wax in packaging industry. The rising transportation of goods is generating new avenue in packaging industries. The rising disposable income of the population is propelling the food & beverage and pharmaceutical industries which are boosting the demand for industrial wax across the globe. In addition, there is shift in preferences of people to packed foods items sequentially, propelling the growth of industrial wax market.

Global Industrial Wax Market: Segmentation

The industrial wax market is segmented into type, application, and region.

By type, the market is segmented into bio-based waxes, fossil-based waxes, and synthetic waxes. The fossil-based wax under type segment such as paraffin and microcrystalline holds a substantial share in the industrial wax market globally. Owing to its sustainability, low cost, ease of production, abundant availability Paraffin wax is used by majority of end-users. The

By applications, the market can be segmented into cosmetics & personal care, food, hot melt adhesive, candles, tire & rubber, packaging, coatings & polishing, and others. The candle segment under application will hold a significant share, owing to the rise in demand of candles and related items during the forecast time frame.

Global Industrial Wax Market: Regional Analysis

Asia Pacific will hold the largest share in the industrial wax market owing to the budding economies such as India, China, and Japan. The region has the biggest candle industry market. The growth of the market can be attributed due to the rise in disposable income of people and rapid industrialization.

North America is also anticipated to have significant growth in the industrial wax market. It holds the largest synthetic wax market. The rising applications of synthetic wax in the region are bolstering the regional market.

Global Industrial Wax Market: Competitive Players

Some of key players in industrial wax market are Mitsui Chemicals, Royal Dutch Shell PLC, Honeywell International Inc., BASF SE, Evonik Industries AG, International Group Inc. (IGI), Exxon Mobil Corp, Baker Hughes, Nippon Seiro Co.Ltd., BP PLC, HollyFrontier Corp., Exxon Mobil and Dow Corning Corporation and among others. 

Global Industrial Wax Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1 Executive Summary
    • 1.1. Introduction of Industrial Wax
    • 1.2. Global Industrial Wax Market, 2019 & 2026 (USD Billion)
    • 1.3. Global Industrial Wax Market, 2016 – 2026 (USD Billion)
    • 1.4. Global Industrial Wax Market Absulute Revenue Opportunity, 2016 – 2026 (USD Billion)
    • 1.5. Global Industrial Wax Market Incremental Revenue Opportunity, 2020 – 2026 (USD Billion)
  • Chapter 2 Industrial Wax Market – Application Analysis
    • 2.1. Global Industrial Wax Market – Application Overview
    • 2.2. Global Industrial Wax Market Share, by Application, 2019 & 2026 (USD Billion)
    • 2.3. Food
      • 2.3.1. Global Food Industrial Wax Market, 2016 – 2026 (USD Billion)
    • 2.4. Cosmetics & Personal Care
      • 2.4.1. Global Cosmetics & Personal Care Industrial Wax Market, 2016 – 2026 (USD Billion)
    • 2.5. Tire & Rubber
      • 2.5.1. Global Tire & Rubber Industrial Wax Market, 2016 – 2026 (USD Billion)
    • 2.6. Hot Melt Adhesive
      • 2.6.1. Global Hot Melt Adhesive Industrial Wax Market, 2016 – 2026 (USD Billion)
    • 2.7. Coatings & Pulishing
      • 2.7.1. Global Coatings & Pulishing Industrial Wax Market, 2016 – 2026 (USD Billion)
    • 2.8. Packaging
      • 2.8.1. Global Packaging Industrial Wax Market, 2016 – 2026 (USD Billion)
    • 2.9. Candles
      • 2.9.1. Global Candles Industrial Wax Market, 2016 – 2026 (USD Billion)
    • 2.10. Others
      • 2.10.1. Global Others Industrial Wax Market, 2016 – 2026 (USD Billion)
  • Chapter 3 Industrial Wax Market – Type Analysis
    • 3.1. Global Industrial Wax Market – Type Overview
    • 3.2. Global Industrial Wax Market Share, by Type, 2019 & 2026 (USD Billion)
    • 3.3. Bio-Based Waxes
      • 3.3.1. Global Bio-Based Waxes Industrial Wax Market, 2016 – 2026 (USD Billion)
    • 3.4. Synthetic Waxes
      • 3.4.1. Global Synthetic Waxes Industrial Wax Market, 2016 – 2026 (USD Billion)
    • 3.5. Fossil-Based Waxes
      • 3.5.1. Global Fossil-Based Waxes Industrial Wax Market, 2016 – 2026 (USD Billion)
  • Chapter 4 Industrial Wax Market – Regional Analysis
    • 4.1. Global Industrial Wax Market Regional Overview
    • 4.2. Global Industrial Wax Market Share, by Region, 2019 & 2026 (USD Billion)
    • 4.3. North America
      • 4.3.1. North America Industrial Wax Market, 2016 – 2026 (USD Billion)
        • 4.3.1.1. North America Industrial Wax Market, by Country, 2016 - 2026 (USD Billion)
      • 4.3.2. North America Industrial Wax Market, by Application, 2016 – 2026
        • 4.3.2.1. North America Industrial Wax Market, by Application, 2016 – 2026 (USD Billion)
      • 4.3.3. North America Industrial Wax Market, by Type, 2016 – 2026
        • 4.3.3.1. North America Industrial Wax Market, by Type, 2016 – 2026 (USD Billion)
      • 4.3.4. U.S.
        • 4.3.4.1. U.S. Industrial Wax Market, 2016 – 2026 (USD Billion)
      • 4.3.5. Canada
        • 4.3.5.1. Canada Industrial Wax Market, 2016 – 2026 (USD Billion)
    • 4.4. Europe
      • 4.4.1. Europe Industrial Wax Market, 2016 – 2026 (USD Billion)
        • 4.4.1.1. Europe Industrial Wax Market, by Country, 2016 - 2026 (USD Billion)
      • 4.4.2. Europe Industrial Wax Market, by Application, 2016 – 2026
        • 4.4.2.1. Europe Industrial Wax Market, by Application, 2016 – 2026 (USD Billion)
      • 4.4.3. Europe Industrial Wax Market, by Type, 2016 – 2026
        • 4.4.3.1. Europe Industrial Wax Market, by Type, 2016 – 2026 (USD Billion)
      • 4.4.4. Germany
        • 4.4.4.1. Germany Industrial Wax Market, 2016 – 2026 (USD Billion)
      • 4.4.5. France
        • 4.4.5.1. France Industrial Wax Market, 2016 – 2026 (USD Billion)
      • 4.4.6. U.K.
        • 4.4.6.1. U.K. Industrial Wax Market, 2016 – 2026 (USD Billion)
      • 4.4.7. Italy
        • 4.4.7.1. Italy Industrial Wax Market, 2016 – 2026 (USD Billion)
      • 4.4.8. Spain
        • 4.4.8.1. Spain Industrial Wax Market, 2016 – 2026 (USD Billion)
      • 4.4.9. Rest of Europe
        • 4.4.9.1. Rest of Europe Industrial Wax Market, 2016 – 2026 (USD Billion)
    • 4.5. Asia Pacific
      • 4.5.1. Asia Pacific Industrial Wax Market, 2016 – 2026 (USD Billion)
        • 4.5.1.1. Asia Pacific Industrial Wax Market, by Country, 2016 - 2026 (USD Billion)
      • 4.5.2. Asia Pacific Industrial Wax Market, by Application, 2016 – 2026
        • 4.5.2.1. Asia Pacific Industrial Wax Market, by Application, 2016 – 2026 (USD Billion)
      • 4.5.3. Asia Pacific Industrial Wax Market, by Type, 2016 – 2026
        • 4.5.3.1. Asia Pacific Industrial Wax Market, by Type, 2016 – 2026 (USD Billion)
      • 4.5.4. China
        • 4.5.4.1. China Industrial Wax Market, 2016 – 2026 (USD Billion)
      • 4.5.5. Japan
        • 4.5.5.1. Japan Industrial Wax Market, 2016 – 2026 (USD Billion)
      • 4.5.6. India
        • 4.5.6.1. India Industrial Wax Market, 2016 – 2026 (USD Billion)
      • 4.5.7. South Korea
        • 4.5.7.1. South Korea Industrial Wax Market, 2016 – 2026 (USD Billion)
      • 4.5.8. South-East Asia
        • 4.5.8.1. South-East Asia Industrial Wax Market, 2016 – 2026 (USD Billion)
      • 4.5.9. Rest of Asia Pacific
        • 4.5.9.1. Rest of Asia Pacific Industrial Wax Market, 2016 – 2026 (USD Billion)
    • 4.6. Latin America
      • 4.6.1. Latin America Industrial Wax Market, 2016 – 2026 (USD Billion)
        • 4.6.1.1. Latin America Industrial Wax Market, by Country, 2016 - 2026 (USD Billion)
      • 4.6.2. Latin America Industrial Wax Market, by Application, 2016 – 2026
        • 4.6.2.1. Latin America Industrial Wax Market, by Application, 2016 – 2026 (USD Billion)
      • 4.6.3. Latin America Industrial Wax Market, by Type, 2016 – 2026
        • 4.6.3.1. Latin America Industrial Wax Market, by Type, 2016 – 2026 (USD Billion)
      • 4.6.4. Brazil
        • 4.6.4.1. Brazil Industrial Wax Market, 2016 – 2026 (USD Billion)
      • 4.6.5. Mexico
        • 4.6.5.1. Mexico Industrial Wax Market, 2016 – 2026 (USD Billion)
      • 4.6.6. Rest of Latin America
        • 4.6.6.1. Rest of Latin America Industrial Wax Market, 2016 – 2026 (USD Billion)
    • 4.7. The Middle-East and Africa
      • 4.7.1. The Middle-East and Africa Industrial Wax Market, 2016 – 2026 (USD Billion)
        • 4.7.1.1. The Middle-East and Africa Industrial Wax Market, by Country, 2016 - 2026 (USD Billion)
      • 4.7.2. The Middle-East and Africa Industrial Wax Market, by Application, 2016 – 2026
        • 4.7.2.1. The Middle-East and Africa Industrial Wax Market, by Application, 2016 – 2026 (USD Billion)
      • 4.7.3. The Middle-East and Africa Industrial Wax Market, by Type, 2016 – 2026
        • 4.7.3.1. The Middle-East and Africa Industrial Wax Market, by Type, 2016 – 2026 (USD Billion)
      • 4.7.4. GCC Countries
        • 4.7.4.1. GCC Countries Industrial Wax Market, 2016 – 2026 (USD Billion)
      • 4.7.5. South Africa
        • 4.7.5.1. South Africa Industrial Wax Market, 2016 – 2026 (USD Billion)
      • 4.7.6. Rest of Middle-East Africa
        • 4.7.6.1. Rest of Middle-East Africa Industrial Wax Market, 2016 – 2026 (USD Billion)
  • Chapter 5 Industrial Wax Market – Competitive Landscape
    • 5.1. Competitor Market Share – Revenue
    • 5.2. Market Concentration Rate Analysis, Top 3 and Top 5 Players
    • 5.3. Strategic Developments
      • 5.3.1. Acquisitions and Mergers
      • 5.3.2. New Products
      • 5.3.3. Research & Development Activities
  • Chapter 6 Company Profiles
    • 6.1. Mitsui Chemicals
      • 6.1.1. Company Overview
      • 6.1.2. Product/Service Portfulio
      • 6.1.3. Mitsui Chemicals Sales, Revenue, and Gross Margin
      • 6.1.4. Mitsui Chemicals Revenue and Growth Rate
      • 6.1.5. Mitsui Chemicals Market Share
      • 6.1.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 6.2. Royal Dutch Shell PLC
      • 6.2.1. Company Overview
      • 6.2.2. Product/Service Portfulio
      • 6.2.3. Royal Dutch Shell PLC Sales, Revenue, and Gross Margin
      • 6.2.4. Royal Dutch Shell PLC Revenue and Growth Rate
      • 6.2.5. Royal Dutch Shell PLC Market Share
      • 6.2.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 6.3. Honeywell International Inc.
      • 6.3.1. Company Overview
      • 6.3.2. Product/Service Portfulio
      • 6.3.3. Honeywell International Inc. Sales, Revenue, and Gross Margin
      • 6.3.4. Honeywell International Inc. Revenue and Growth Rate
      • 6.3.5. Honeywell International Inc. Market Share
      • 6.3.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 6.4. BASF SE
      • 6.4.1. Company Overview
      • 6.4.2. Product/Service Portfulio
      • 6.4.3. BASF SE Sales, Revenue, and Gross Margin
      • 6.4.4. BASF SE Revenue and Growth Rate
      • 6.4.5. BASF SE Market Share
      • 6.4.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 6.5. Evonik Industries AG
      • 6.5.1. Company Overview
      • 6.5.2. Product/Service Portfulio
      • 6.5.3. Evonik Industries AG Sales, Revenue, and Gross Margin
      • 6.5.4. Evonik Industries AG Revenue and Growth Rate
      • 6.5.5. Evonik Industries AG Market Share
      • 6.5.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 6.6. International Group Inc. (IGI)
      • 6.6.1. Company Overview
      • 6.6.2. Product/Service Portfulio
      • 6.6.3. International Group Inc. (IGI) Sales, Revenue, and Gross Margin
      • 6.6.4. International Group Inc. (IGI) Revenue and Growth Rate
      • 6.6.5. International Group Inc. (IGI) Market Share
      • 6.6.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 6.7. Exxon Mobil Corp
      • 6.7.1. Company Overview
      • 6.7.2. Product/Service Portfulio
      • 6.7.3. Exxon Mobil Corp Sales, Revenue, and Gross Margin
      • 6.7.4. Exxon Mobil Corp Revenue and Growth Rate
      • 6.7.5. Exxon Mobil Corp Market Share
      • 6.7.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 6.8. Baker Hughes
      • 6.8.1. Company Overview
      • 6.8.2. Product/Service Portfulio
      • 6.8.3. Baker Hughes Sales, Revenue, and Gross Margin
      • 6.8.4. Baker Hughes Revenue and Growth Rate
      • 6.8.5. Baker Hughes Market Share
      • 6.8.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 6.9. Nippon Seiro Co.Ltd.
      • 6.9.1. Company Overview
      • 6.9.2. Product/Service Portfulio
      • 6.9.3. Nippon Seiro Co.Ltd. Sales, Revenue, and Gross Margin
      • 6.9.4. Nippon Seiro Co.Ltd. Revenue and Growth Rate
      • 6.9.5. Nippon Seiro Co.Ltd. Market Share
      • 6.9.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 6.10. BP PLC
      • 6.10.1. Company Overview
      • 6.10.2. Product/Service Portfulio
      • 6.10.3. BP PLC Sales, Revenue, and Gross Margin
      • 6.10.4. BP PLC Revenue and Growth Rate
      • 6.10.5. BP PLC Market Share
      • 6.10.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 6.11. HullyFrontier Corp.
      • 6.11.1. Company Overview
      • 6.11.2. Product/Service Portfulio
      • 6.11.3. HullyFrontier Corp. Sales, Revenue, and Gross Margin
      • 6.11.4. HullyFrontier Corp. Revenue and Growth Rate
      • 6.11.5. HullyFrontier Corp. Market Share
      • 6.11.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 6.12. Exxon Mobil
      • 6.12.1. Company Overview
      • 6.12.2. Product/Service Portfulio
      • 6.12.3. Exxon Mobil Sales, Revenue, and Gross Margin
      • 6.12.4. Exxon Mobil Revenue and Growth Rate
      • 6.12.5. Exxon Mobil Market Share
      • 6.12.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 6.13. Dow Corning Corporation
      • 6.13.1. Company Overview
      • 6.13.2. Product/Service Portfulio
      • 6.13.3. Dow Corning Corporation Sales, Revenue, and Gross Margin
      • 6.13.4. Dow Corning Corporation Revenue and Growth Rate
      • 6.13.5. Dow Corning Corporation Market Share
      • 6.13.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
  • Chapter 7 Industrial Wax — Industry Analysis
    • 7.1. Introduction and Taxonomy
    • 7.2. Industrial Wax Market – Key Trends
      • 7.2.1. Market Drivers
      • 7.2.2. Market Restraints
      • 7.2.3. Market Opportunities
    • 7.3. Value Chain Analysis
    • 7.4. Key Mandates and Regulations
    • 7.5. Technulogy Roadmap and Timeline
    • 7.6. Industrial Wax Market – Attractiveness Analysis
      • 7.6.1. By Application
      • 7.6.2. By Type
      • 7.6.3. By Region
  • Chapter 8 Industrial Chain, Sourcing Strategy, and Downstream Buyers
    • 8.1. Industrial Wax Industrial Chain Analysis
    • 8.2. Downstream Buyers
    • 8.3. Distributors/Traders List
  • Chapter 9 Marketing Strategy Analysis
    • 9.1. Marketing Channel
    • 9.2. Direct Marketing
    • 9.3. Indirect Marketing
    • 9.4. Marketing Channel Development Trends
    • 9.5. Economic/Pulitical Environmental Change
  • Chapter 10 Report Conclusion & Key Insights
    • 10.1. Key Insights from Primary Interviews & Surveys Respondents
    • 10.2. Key Takeaways from Analysts, Consultants, and Industry Leaders
  • Chapter 11 Research Approach & Methodulogy
    • 11.1. Report Description
    • 11.2. Research Scope
    • 11.3. Research Methodulogy
      • 11.3.1. Secondary Research
      • 11.3.2. Primary Research
      • 11.3.3. Statistical Models
        • 11.3.3.1. Company Share Analysis Model
        • 11.3.3.2. Revenue Based Modeling
      • 11.3.4. Research Limitations

Methodology


Frequently Asked Questions

The global industrial wax market was valued at USD 7.3 Billion in 2019.

The global industrial wax market is expected to reach USD 9.7 Billion by 2026, growing at a CAGR of 4.6% between 2020 to 2026.

Some of the key factors driving the global industrial wax market growth are surging industrialization in many countries such as India and China, the transportation of food, fruits, and other goods is rising at a tremendous pace. This is expected to boot the demand for wax in packaging industry.

Asia Pacific will hold the largest share in the industrial wax market owing to the budding economies such as India, China, and Japan. The region has the biggest candle industry market. The growth of the market can be attributed due to the rise in disposable income of people and rapid industrialization.

Some of the major companies operating in the industrial wax market are Mitsui Chemicals, Royal Dutch Shell PLC, Honeywell International Inc., BASF SE, Evonik Industries AG, International Group Inc. (IGI), Exxon Mobil Corp, Baker Hughes, Nippon Seiro Co.Ltd., BP PLC, HollyFrontier Corp., Exxon Mobil and Dow Corning Corporation and among others.

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