Report Code: TIPRE00005885 | No. of Pages: 150 | Category: Chemicals and Materials | Status: Prebook
Wax is a class of organic compounds comprising long alkyl chains. Waxes are lipophilic, malleable solids near ambient temperatures. Higher alkanes and lipids with melting points above 40°C come under the category of wax. Waxes are insoluble in water but soluble in organic and nonpolar solvents. They are extracted from plants and animals and occur in petroleum. Natural wax may contain unsaturated bonds while synthetic wax constitutes homogenous series of long-chain aliphatic hydrocarbons that do not have any functional group.
|Market Size Value in||US$ 6,500 million in 2022|
|Market Size Value by||US$ 8,400 million by 2028|
|Growth rate||CAGR of 4% from 2022 to 2028|
|No. of Pages||150|
|Historical data available||Yes|
|Segments covered||Type, Application, and Geography|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
Asia Pacific accounts for a prominent share of the wax market. The dominance of the market in this region is majorly credited to the presence of a large number of wax manufacturers and consumers. The following figure depicts the revenue growth trend in the wax market:
Source: The Insight Partners Analysis
The report analyzes factors affecting the wax market from both the demand and supply sides. It evaluates the factors governing the market growth, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive Porter's Five Forces analysis of the wax market.
The chemicals & materials and cosmetics industries, among others, faced unprecedented challenges during the COVID-19 pandemic due to disruptions in the global supply chains that adversely affected manufacturing, delivery schedules, and sales. The wax markets experienced decelerated growth due to a decline in demand from several industries, as many production sites were either partially or fully closed amid the fight against SARS-CoV-2. Moreover, a huge gap in supply and demand led to fluctuations in the prices of raw materials required for wax production. However, since 2021, the cosmetics and packaging industry has been reviving significantly. This is likely to propel the demand for wax in the coming years, thereby bolstering the market growth during the forecast period.
The report includes the profiles of key wax market players, along with providing their SWOT analysis and key growth strategies. In addition, the company profiles section sheds light on business overviews, component and service offerings, financial information (of the last 3 years), and key developments (in the past five years) of the leading industry players.
A dedicated research and analysis team of The Insight Partners consists of experienced professionals having advanced statistical expertise. It offers various customization options with the existing study.
The List of Companies