Industrial Wax Market to Reach USD 12.95 Billion by 2026 | Reports And Data

NEW YORK, Oct. 21, 2019 /PRNewswire/ -- The industrial wax market is expected to reach USD 12.95 Billion by 2026, according to a new report by Reports and Data. Industrial waxes are solid substances that melt and transform into a liquid state at slightly higher temperatures. Various types of waxes are available in the market, such as bio-based, fossil-based, and synthetic waxes. Industrial wax display excellent properties and thus, find a broad range of applications in pharmaceutical, packaging, plastics, cosmetics, candles, and other sectors.

Enhanced demand from the personal care industry, cosmetics, and personal care industries are observing visible growth worldwide because of the rise in consumer interest for personal hygiene and beautification products. Industrial wax is utilized in cosmetic and personal care product formulations to improve the thickness and texture of these products. Various types of wax are being used in several cosmetic products. With the rise in demand for personal care products, several companies are coming ahead to supply wax to provide to the needs of the personal care and cosmetics business.

Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/2096

North America is the most advanced market for industrial wax, owing to the availability of higher quality of infrastructure and technology. The region is also commencing in product innovation along with research and development for industrial wax. The North America industrial wax market is expected to rise with a CAGR of 3.9% during the forecast period.

Further key findings from the report suggest

• The Industrial Wax Market is estimated to reach USD 12.95 Billion by 2026, at a CAGR of 3.8% during the forecast period.
• The application in candles accounted for the largest share of 25.3% of the market in 2018.
• The online sales channel segment accounted for a larger share of 62.8% of the market in 2018.
• The synthetic based type is expected to witness the highest CAGR of 4.1% during the forecast period.
• The largest share is accounted by the Asia Pacific region with the share of 29.3% of the market in 2018 due to the generation and consumption of packaging products, candles, and coatings. Countries such as India, China, and Japan are among the principal markets for packaging, coatings & polishes, candle making, and tires & rubber. The growth led to accelerated industrialization, growing demand from various applications, and increasing government spending.
• Various players are developing strategies to mark their presence in the industry.
• Rising per capita income has observed more consumption of the product, which has encouraged the growth of the market. The accelerated increase in demand for color candles is also impacting the growth of the market.
• The increasing needs for colored and scented candles are broadly considered among the most significant factors when buying candles.
• The Key players in the Industrial Wax Market include The Blayson Group Ltd, HCI Wax, The PJSC Lukoil Oil Company, Exxon Mobil Corporation, The International Group, Inc., Numaligarh Refinery Limited., Sasol Limited, Royal Dutch Shell Plc, Petróleo Brasileiro S.A., and China Petroleum & Chemical Corporation.

To identify the key trends in the industry, click on the link below:   https://www.reportsanddata.com/report-detail/industrial-wax-market

Segments covered in the report:

For the purpose of this study, Reports and Data have segmented the market on the basis of Application, Type, Sales Channel, and region:                     

Application Outlook (Volume, Kilo Tons; and Revenue, USD Billion ; 2016-2026)

• Candles
• Cosmetics & Personal Care
• Packaging
• Coatings & Polishes
• Others

Type Outlook (Volume, Kilo Tons; and Revenue, USD Billion ; 2016-2026)

• Fossil based
• Synthetic based
• Bio based

Sales Channel Outlook (Volume, Kilo Tons; and Revenue, USD Billion ; 2016-2026)

• Offline
• Online

Order Now: https://www.reportsanddata.com/checkout-form/2096

Regional Outlook (Volume, Square Meters; and Revenue, USD Billion ; 2016-2026)

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• UK
• Spain
• Italy
• Rest of the Europe
• Asia Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
• Middle East & Africa
• Latin America
• Brazil

Browse more similar reports on Materials and Chemicals category by Reports And Data

Splice Tape Market - https://www.reportsanddata.com/report-detail/splice-tape-market

Sizing Agents Market - https://www.reportsanddata.com/report-detail/sizing-agents-market

Magnesium Alloys Market - https://www.reportsanddata.com/report-detail/magnesium-alloys-market

About Reports and Data 

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John Watson
Head of Business Development
Reports And Data | Web: www.reportsanddata.com 
Direct Line: +1-212-710-1370
E-mail: [email protected]

SOURCE Reports And Data

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED