Wax Market Research Report : Future Demand, Growth Analysis and forecast to 2025

Wax Market, By Type, By Application and Region - Growth, Future Prospects and Competitive Analysis, 2017 - 2025, the global wax market is expected to grow at a CAGR of 3.2% from 2017 to 2025.

Wax Market, By Type, By Application and Region - Growth, Future Prospects and Competitive Analysis, 2017 - 2025, the global wax market is expected to grow at a CAGR of 3.2% from 2017 to 2025.

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Market Insights
Wax are used in wide range of applications in several industries ranging from paints to textile ink, coatings to packaging, cosmetics and pharmaceuticals to food and electronics to rubber. Thus, surge in demand of end users industries is pivotal factor in growth of global wax market. Bio wax products are widely used in personal care products. With growing preference for natural remedies and ayurvedic medicines across the world further boost the use of wax in personal care industry. There is also paradigm shift observed from petrochemical to natural derived wax in personal care, baby product and general healthcare and wellness product. Thus, booming personal care industry is another factor driving the overall wax market.
Currently though there is strong supply of natural and synthetic wax, but with time there are concern whether overall supply of wax would be able to meet the rising demand of wax. The global wax market that is dominated by petroleum wax is now on decline. Over past few years there is significant decrease in Group I lubricant and wax capacity in North America and lately in Europe too. Petroleum waxes are derived from lower quality base oils and majority of refiners are drifting away from producing these base oils, which would lead to shortage of petroleum waxes. Moreover, these refiners with evolving technology are now switching to catalytic dewaxing technologies, which do not produce wax.

Competitive Insights
PetroChina, ExxonMobil and Sinopec are the top three suppliers of petroleum wax globally. Together, these three accounted for more than 35% share of the global petroleum wax capacity. CNPC and Sinopec, ExxonMobil Corp, and Shell oil are the top three producers of wax globally. Together, these three produce wax more than 30.0 million tons. Sasol Wax and Lukoil among others are some of the other prominent players present in this market.

TOC Of This Reports : http://www.acutemarketreports.com/report/wax-market-report-industry

Key Trends
• Rising demand from emerging economies
• Evolving technology
• Rising demand from end use industries

Chapter 1 Preface
1.1 Report Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Wax Market
2.2 Global Wax Market (US$ Mn), by Product Type, 2016
2.3 Global Wax Market (US$ Mn), by Application, 2016
2.4 Global Wax Market (US$ Mn), by Geography, 2016

Chapter 3 Global Wax Market: Dynamics and Outlook
3.1 Market Overview
3.2 Market Drivers
3.2.1 Rising Demand from End Use Application
3.2.2 Rising demand for cosmetics and personal care products is expected to drive the wax market
3.3 Challenges
3.3.1 Decline in wax supplies in future is growing concern for wax industry
3.4 Future Prospects
3.4.1 Paradigm shift in demand from conventional to unconventional waxes and evolving technology
3.5 Impact Analysis of Drivers, Challenges and Future Prospects During the Forecast Period
3.6 Porter’s analysis

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Keywords : Wax Market,

by Chris Paul (29 days ago)

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