360 MARKET UPDATES Report provides a 360-degree overview of the global Waxes Market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Report Title: “Global Waxes Market – Segmented by Product Type, End-user Industry, and Geography – Growth, Trends, and Forecast (2018 – 2023)”
Global “Waxes Market” is expected to register a CAGR of approximately XX% during the forecast period of (2018 – 2023). Also, Waxes Market report provides the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Waxes Analysis.
Waxes market Report provides a 360-degree overview of the global Waxes market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Waxes Market Report Covers Leading Manufacturers: BP p.l.c, Calumet Specialty Products Partners, L.P, Cepsa, China National Petroleum Corporation, China Petroleum & Chemical Corporation, Eni S.p.A., Exxon Mobil Corporation, H&R Group, Ilumina Wax d.o.o., Marathon Oil Company, Naftowax.pl, Nippon Siero Co.,Ltd., Petrobras, Petro?Canada Lubricants Inc., Royal Dutch Shell Plc, Sasol, The International Group, Inc.
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The market for wax is expected to register a significant growth during 2018 to 2023 (the forecast period). This tremendous growth is supported by the growing demand from the cosmetics industry, where wax has widespread application in lipsticks, mascaras, moisturizing creams, and sunblock.
High Demand from the Cosmetics Industry
The growing applications of natural and organic products is boosting the use of wax in personal care and cosmetics. After the candle-making industry, the cosmetics industry is becoming the most promising end-user segment for global wax market due to gaining popularity of cosmetics industry in emerging economies of Asia-Pacific, South America, and Middle East & Africa. The global cosmetics industry is significantly augmented by product innovations and the rise of e-commerce, and is expected to exhibit high growth rates, which in turn is expected to ignite the global wax market in the coming years.
Petroleum & Mineral Wax Segment to Dominate the Market
The petroleum & mineral wax segment holds the largest share of the global waxes market in 2017. More than 70% of the global wax production happens through the petroleum and mineral sources. The petroleum & mineral wax segments are further segmented into paraffin wax, microcrystalline wax, and others. Paraffin wax is the largest sub-segment in this segment, due to widespread applications, like candle, packaging, thermostat, and distillation industries.
Asia-Pacific to Dominate the Market Growth
Asia-Pacific is the major regional shareholder of the global wax market, due to the concentration of dominant petroleum wax producing refineries in countries, like China and India. Furthermore, natural wax production in Malaysia positioned Asia-Pacific as the leading global producer in the natural wax market. The substantial rise in demand from major end-user segments, like candles, packaging, and cosmetics, is expected to further concrete the position of Asia-Pacific in the global wax market, in the coming years.
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Reasons to Purchase Waxes Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”
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