MARKET INTRODUCTION

Waxes refer to a class of organic compounds that consist of long alkyl chain and are lipophilic, malleable solids near ambient temperatures. Higher alkanes and lipids with melting points above forty-degree celsius come under the category of waxes. Waxes are mainly insoluble in water but soluble in organic and nonpolar solvents. They are produced from plants, animals and occur in petroleum. Natural waxes may contain unsaturated bonds while the synthetic waxes constitute homogeneous series of long-chain aliphatic hydrocarbons that do not form functional groups.

MARKET DYNAMICS

The widespread application of wax in the cosmetics industry for the production of lipsticks, mascaras, sunblock, and moisturizing creams drives the growth of the waxes market. The utilization of wax due to the rise in the significance of the completed products such as metals and surface shine in earthenware production, serve as a factor driving the growth of the market. However, environmental concerns and rising raw material prices hinders the fruitful development of the waxes market. An upsurge in the use of mineral waxes the process of rubber production is anticipated to bolster the growth of the waxes market in the years to come.

MARKET SCOPE

The "Global Waxes Market Analysis to 2027" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the waxes market with detailed market segmentation by type, application and geography. The global waxes market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading waxes market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global waxes market is segmented on the basis of type, application and geography. On the basis of type the market classify into petroleum &mineral wax, synthetic wax and natural wax. As per application the market is broken into cosmetic, packaging, c and le making, adhesives, rubber, wood & fire-logs and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The waxes market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the waxes market from both dem and and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the waxes market in these regions.

MARKET PLAYERS

The reports cover key developments in the waxes market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from waxes market are anticipated to lucrative growth opportunities in the future with the rising dem and for waxes market in the global market. Below mentioned is the list of few companies engaged in the waxes market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the waxes market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

Calumet Specialty Products Partners
- Compa??a Espa?ola de Petr?leos, S.A.U.
- Exxon Mobil Corporation
- H and R Group
- Ilumina Wax trgovina in proizvodnja d.o.o.

Nippon Siero Co. Ltd.
- Petr?leos de Venezuela S.A.
- Sasol Wax
- Sinopec Limited
- The International Group, Inc.