Global Industrial Wax Market to reach USD 7.90 billion by 2027

Global Industrial Wax Market Size study, by type (Fossil-based waxes, Synthetic waxes, Bio-based waxes), by Application (Candles, Packaging, Coatings & Polishing) and Regional Forecasts 2020-2027
Product Code:  OIRIGAS_11916735
Chapter 1.	Executive Summary 
1.1.	Market Snapshot
1.2.	Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1.	Industrial Wax Market, by Region, 2018-2027 (USD Billion)
1.2.2.	Industrial Wax Market, by Type, 2018-2027 (USD Billion)
1.2.3.	Industrial Wax Market, by Application, 2018-2027 (USD Billion)
1.3.	Key Trends
1.4.	Estimation Methodology
1.5.	Research Assumption
Chapter 2.	Global Industrial Wax Market Definition and Scope 
2.1.	Objective of the Study
2.2.	Market Definition & Scope
2.2.1.	Scope of the Study
2.2.2.	Industry Evolution
2.3.	Years Considered for the Study
2.4.	Currency Conversion Rates
Chapter 3.	Global Industrial Wax Market Dynamics	
3.1.	Industrial Wax Market Impact Analysis (2018-2027)
3.1.1.	Market Drivers
3.1.2.	Market Challenges
3.1.3.	Market Opportunities
Chapter 4.	Global Industrial Wax Market: Industry Analysis
4.1.	Porter’s 5 Force Model
4.1.1.	Bargaining Power of Suppliers
4.1.2.	Bargaining Power of Buyers
4.1.3.	Threat of New Entrants
4.1.4.	Threat of Substitutes
4.1.5.	Competitive Rivalry
4.1.6.	Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2.	PEST Analysis
4.2.1.	Political 
4.2.2.	Economic
4.2.3.	Social 
4.2.4.	Technological 
4.3.	Investment Adoption Model
4.4.	Analyst Recommendation & Conclusion
Chapter 5.	Global Industrial Wax Market, by Type 
5.1.	Market Snapshot 
5.2.	Global Industrial Wax Market by Type, Performance - Potential Analysis
5.3.	Global Industrial Wax Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4.	Industrial Wax Market, Sub Segment Analysis
5.4.1.	Fossil-based waxes
5.4.2.	Synthetic waxes
5.4.3.	Bio-based waxes
Chapter 6.	Global Industrial Wax Market, by Application          
6.1.	Market Snapshot 
6.2.	Global Industrial Wax Market by Application, Performance - Potential Analysis
6.3.	Global Industrial Wax Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4.	Industrial Wax Market, Sub Segment Analysis
6.4.1.	Candles
6.4.2.	Packaging
6.4.3.	Coatings & Polishing
Chapter 7.	Global Industrial Wax Market, Regional Analysis
7.1.	Industrial Wax Market, Regional Market Snapshot 
7.2.	North America Industrial Wax Market 
7.2.1.	U.S. Industrial Wax Market	Type breakdown estimates & forecasts, 2017-2027	Application breakdown estimates & forecasts, 2017-2027
7.2.2.	Canada Industrial Wax Market
7.3.	Europe Industrial Wax Market Snapshot
7.3.1.	U.K. Industrial Wax Market 
7.3.2.	Germany Industrial Wax Market
7.3.3.	France Industrial Wax Market
7.3.4.	Spain Industrial Wax Market
7.3.5.	Italy Industrial Wax Market
7.3.6.	Rest of Europe Industrial Wax Market
7.4.	Asia-Pacific Industrial Wax Market Snapshot
7.4.1.	China Industrial Wax Market 
7.4.2.	India Industrial Wax Market 
7.4.3.	Japan Industrial Wax Market
7.4.4.	Australia Industrial Wax Market
7.4.5.	South Korea Industrial Wax Market
7.4.6.	Rest of Asia Pacific Industrial Wax Market
7.5.	Latin America Industrial Wax Market Snapshot
7.5.1.	Brazil Industrial Wax Market
7.5.2.	Mexico Industrial Wax Market
7.6.	Rest of The World Industrial Wax Market
Chapter 8.	Competitive Intelligence
8.1.	Top Market Strategies
8.2.	Company Profiles
8.2.1.	ExxonMobil	Key Information	Overview	Financial (Subject to Data Availability)	Product Summary	Recent Developments
8.2.2.	Royal Dutch 
8.2.3.	Shell PLC 
8.2.4.	Sinopec
8.2.5.	Hollyfrontier Corporation 
8.2.6.	 Calumet Specialty Products Partners 
8.2.7.	Numaligarh Refinery Limited 
8.2.8.	Petróleo Brasileiro 
8.2.9.	 THE PJSC Lukoil Oil Company
Chapter 9.	Research Process
9.1.	Research Process
9.1.1.	Data Mining
9.1.2.	Analysis
9.1.3.	Market Estimation
9.1.4.	Validation
9.1.5.	Publishing
9.2.	Research Attributes
9.3.	Research Assumption

Global Industrial Wax Market is valued approximately at USD 7.02 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.0% over the forecast period 2020-2027. Industrial wax acts as a moisture control and lubricant and has packaging and coatings & polishing applications. It has its largest application in candle making. Industrial wax is categorized into three – Paraffinic wax, micro crystalline wax and emulsifying wax. Paraffin wax is used in industries such as pharmaceuticals, cosmetics, food applications, candle formulations.
Microcrystalline wax is used in cosmetics and beauty products because it acts as a Thickening agent for food additives. Emulsifying wax is used for ointments and solutions. Rise in demand for luxury candles and decorative gift items because it strengthen the aura of the room and its use can also be seen in commercial places, hence , this will enhance the growth of the market. For instance, according to Statista, it is estimated that it is projected that the revenue of Candles manufacturing in Mexico will amount to approximately USD 202.2 million by 2024.Moreover, the growing of cosmetics industry due to increased spending on personal grooming, rising awareness regarding the beauty products are the few factors responsible for the CAGR of the market during the forecast period and This, in turn, is likely to strengthen the demand for Industrial Wax, thereby contributing to the market growth around the world. However, paraffin wax used in food packaging can be hazardous for the human health and is one of the key factors restraining the market growth over the forecast period of 2020-2027.

The regional analysis of the global Industrial Wax market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the rising industrialization in the region. Whereas Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027, owing to increasing applications for synthetic waxes.

Major market player included in this report are:
Royal Dutch
Shell PLC
Hollyfrontier Corporation
Calumet Specialty Products Partners
Numaligarh Refinery Limited
Petróleo Brasileiro
THE PJSC Lukoil Oil Company

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Fossil-based waxes
Synthetic waxes
Bio-based waxes
By Application:
Coatings & Polishing

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Industrial Wax Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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