Industrial Wax Market Projected to Grow at a Steady Pace During 2020-2025 [news]
The newly launched report by Stratview Research, titled ‘Industrial Wax Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2020-2025’ has been bifurcated by Application Type (Packaging, Tires & Rubber, Candles, Holt-melt adhesives, Cosmetics & Personal Care, Food, Coatings & Polishes, and Others), by Product Type (Synthetic-based wax, Bio-based wax, and Fossil-based wax), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
According to the report 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.
How does this report help?
Reports published by Stratview Research helps the users in several ways. The user can –
- Gain a deeper understanding of the market and the impact of Covid-19 on the market.
- Get rigorous analysis and progressive insights into the market across the globe.
- Assess current and future market trends, and challenges of the market.
- Gain a comprehensive view on the growth strategies of the key players.
- Get updates related to recent changes, M&As, new product launches and many such news related to the market, and even more.
Market Segmentation Analysis -
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.
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.
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.
Key Players
The following are the key players in the market-
• 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.
Research Methodology
Stratview Research's reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.
Request a sample here- https://www.stratviewresearch.com/Request-Sample/1145/industrial-wax-market.html#form
About Stratview Research -
Stratview Research is one of the leading providers of custom and syndicated market research reports. We also offer services like Sourcing, Market Entry Strategy, Target Screening, Voice of Market Study, and much more. In case of any requirement related to market assessment, competitive benchmarking, and others, please send your inquiry to the team.
Email at - sales@stratviewresearch.com
Connect with the analysts at - +1-313-307-4176.
According to the report 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.
How does this report help?
Reports published by Stratview Research helps the users in several ways. The user can –
- Gain a deeper understanding of the market and the impact of Covid-19 on the market.
- Get rigorous analysis and progressive insights into the market across the globe.
- Assess current and future market trends, and challenges of the market.
- Gain a comprehensive view on the growth strategies of the key players.
- Get updates related to recent changes, M&As, new product launches and many such news related to the market, and even more.
Market Segmentation Analysis -
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.
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.
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.
Key Players
The following are the key players in the market-
• 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.
Research Methodology
Stratview Research's reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.
Request a sample here- https://www.stratviewresearch.com/Request-Sample/1145/industrial-wax-market.html#form
About Stratview Research -
Stratview Research is one of the leading providers of custom and syndicated market research reports. We also offer services like Sourcing, Market Entry Strategy, Target Screening, Voice of Market Study, and much more. In case of any requirement related to market assessment, competitive benchmarking, and others, please send your inquiry to the team.
Email at - sales@stratviewresearch.com
Connect with the analysts at - +1-313-307-4176.
