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The market is segmented by Type (Petroleum and Mineral Wax, Synthetic Wax, and Natural Wax), Application (Cosmetic, Packaging, Candle Making, Adhesives, Rubber, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).
Fastest Growing Market:
The wax market is expected to witness a CAGR of around 4% during the forecast period. The major factor driving the market studied is the growing demand from the cosmetics industry, where the wax has a widespread application in lipsticks, mascaras, moisturizing creams, and sunblock. However, fluctuating prices of raw materials and environmental concerns are expected to hinder the growth of the market.
The wax market report includes:
|Petroleum and Mineral Wax|
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The global wax market is partially fragmented. The major players dominating the market include BP PLC, Exxon Mobil Corporation, Cepsa, Sasol, and Eni SpA, among others.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1.1 High Demand from the Cosmetics Industry
4.1.2 Increasing Use of Scented and Decorative Luxury Candles across the World
4.1.3 Shifting Focus toward Synthetic and Vegetable Waxes
4.2.1 Fluctuating Prices of Raw Materials
4.2.2 Environment Concerns
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1.1 Petroleum and Mineral Wax
5.1.2 Synthetic Wax
5.1.3 Natural Wax
5.2.3 Candle Making
5.2.6 Other Applications
126.96.36.199 South Korea
188.8.131.52 Rest of Asia-Pacific
5.3.2 North America
184.108.40.206 United States
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
5.3.4 South America
22.214.171.124 Rest of South America
5.3.5 Middle-East and Africa
126.96.36.199 Saudi Arabia
188.8.131.52 South Africa
184.108.40.206 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 BP PLC
6.4.2 Calumet Specialty Products Partners LP
6.4.4 China National Petroleum Corporation
6.4.5 China Petroleum & Chemical Corporation
6.4.6 Eni SpA
6.4.7 Exxon Mobil Corporation
6.4.8 H&R Group
6.4.9 Ilumina Wax d.o.o.
6.4.10 Nippon Siero Co. Ltd
6.4.12 Petro Canada Lubricants Inc.
6.4.14 The International Group Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Use of Mineral Wax in Rubber Production
** Subject to Availability