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Market Research Report

Global Industrial Wax Market 2019-2023

Published by TechNavio (Infiniti Research Ltd.) Product code 886906
Published Content info 129 Pages
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Global Industrial Wax Market 2019-2023
Published: July 8, 2019 Content info: 129 Pages
Description

About this market

Industrial wax refers to hydrocarbon compounds that are primarily synthesized from crude petroleum for its use in various industrial applications. Technavio's industrial wax market analysis considers sales from various applications including candle manufacturing, packaging, coatings and polishes, and others. Our analysis also considers the sales of industrial wax in APAC, Europe, MEA, North America, and South America. In 2018, the candle manufacturing segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as premiumization will play a significant role in the candle manufacturing segment to maintain its market position. Also, our global industrial wax market report looks at factors such as increased demand for industrial wax in coating applications, increasing demand for industrial wax from the personal care industry, and increasing industrial wax production capacity. However, uncertainties such as a decline in demand of group 1 base oil, equipment damage and negative impact of industrial wax on the environment, growing preference for fiberboard packaging may hamper the growth of the industrial wax industry over the forecast period.

Overview

Increased demand for industrial wax from the personal care industry

The cosmetics and personal care industry is witnessing substantial growth worldwide because of the increase in consumer demand for beautification and personal hygiene products. Industrial wax is used in cosmetic and personal care product formulations to enhance the viscosity and consistency of these products. Different types of wax are used in different cosmetic products. With the increase in demand for personal care products, many companies are coming forward to supply wax to cater to the needs of the personal care and cosmetics industry.

This demand for industrial wax will lead to the expansion of the global industrial wax market at a CAGR of over 3% during the forecast period.

Industrial research and development activities

The growing applications for industrial wax have spurred the R&D activities in the global industrial wax industry. Several researchers are collaborating with companies that have hands-on experience in offering quality waxes and are developing new technologies to extend the areas of applications further. One such R&D effort aims at creating high-performance wax for use in wax 3D printers. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global industrial wax market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global industrial wax market is fragmented. Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial wax manufacturers, that include BASF SE, Exxon Mobil Corp., Numaligarh Refinery Ltd., PJSC LUKOIL and Sasol Ltd.

Also, the industrial wax market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

Table of Contents
Product Code: IRTNTR31657

TABLE OF CONTENTS

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Candle manufacturing - Market size and forecast 2018-2023
  • Cosmetics - Market size and forecast 2018-2023
  • Packaging - Market size and forecast 2018-2023
  • Coatings and polishes - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Industrial research and development activities
  • Emergence of technology to convert recycled plastics into wax
  • Growing inclination for bio-based wax in industrial applications

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • BASF SE
  • Exxon Mobil Corp.
  • Numaligarh Refinery Ltd.
  • PJSC LUKOIL
  • Sasol Ltd.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

List of Exhibits

  • Exhibit 01: Global specialty chemicals market
  • Exhibit 02: Segments of global specialty chemicals market
  • Exhibit 03: Market characteristics
  • Exhibit 04: Market segments
  • Exhibit 05: Market definition - Inclusions and exclusions checklist
  • Exhibit 06: Market size 2018
  • Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
  • Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
  • Exhibit 09: Five forces analysis 2018
  • Exhibit 10: Five forces analysis 2023
  • Exhibit 11: Bargaining power of buyers
  • Exhibit 12: Bargaining power of suppliers
  • Exhibit 13: Threat of new entrants
  • Exhibit 14: Threat of substitutes
  • Exhibit 15: Threat of rivalry
  • Exhibit 16: Market condition - Five forces 2018
  • Exhibit 17: Application - Market share 2018-2023 (%)
  • Exhibit 18: Comparison by application
  • Exhibit 19: Candle manufacturing - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 20: Candle manufacturing - Year-over-year growth 2019-2023 (%)
  • Exhibit 21: Cosmetics - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 22: Cosmetics - Year-over-year growth 2019-2023 (%)
  • Exhibit 23: Packaging - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 24: Packaging - Year-over-year growth 2019-2023 (%)
  • Exhibit 25: Coatings and polishes - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 26: Coatings and polishes - Year-over-year growth 2019-2023 (%)
  • Exhibit 27: Others - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 28: Others - Year-over-year growth 2019-2023 (%)
  • Exhibit 29: Market opportunity by application
  • Exhibit 30: Customer landscape
  • Exhibit 31: Market share by geography 2018-2023 (%)
  • Exhibit 32: Geographic comparison
  • Exhibit 33: APAC - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 34: APAC - Year-over-year growth 2019-2023 (%)
  • Exhibit 35: North America - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 36: North America - Year-over-year growth 2019-2023 (%)
  • Exhibit 37: Europe - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 38: Europe - Year-over-year growth 2019-2023 (%)
  • Exhibit 39: MEA - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 40: MEA - Year-over-year growth 2019-2023 (%)
  • Exhibit 41: South America - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 42: South America - Year-over-year growth 2019-2023 (%)
  • Exhibit 43: Key leading countries
  • Exhibit 44: Market opportunity
  • Exhibit 45: Impact of drivers and challenges
  • Exhibit 46: Vendor landscape
  • Exhibit 47: Landscape disruption
  • Exhibit 48: Vendors covered
  • Exhibit 49: Vendor classification
  • Exhibit 50: Market positioning of vendors
  • Exhibit 51: BASF SE - Vendor overview
  • Exhibit 52: BASF SE - Business segments
  • Exhibit 53: BASF SE - Organizational developments
  • Exhibit 54: BASF SE - Geographic focus
  • Exhibit 55: BASF SE - Segment focus
  • Exhibit 56: BASF SE - Key offerings
  • Exhibit 57: Exxon Mobil Corp. - Vendor overview
  • Exhibit 58: Exxon Mobil Corp. - Business segments
  • Exhibit 59: Exxon Mobil Corp. - Organizational developments
  • Exhibit 60: Exxon Mobil Corp. - Geographic focus
  • Exhibit 61: Exxon Mobil Corp. - Segment focus
  • Exhibit 62: Exxon Mobil Corp. - Key offerings
  • Exhibit 63: Numaligarh Refinery Ltd. - Vendor overview
  • Exhibit 64: Numaligarh Refinery Ltd. - Business segments
  • Exhibit 65: Numaligarh Refinery Ltd. - Organizational developments
  • Exhibit 66: Numaligarh Refinery Ltd. - Geographic focus
  • Exhibit 67: Numaligarh Refinery Ltd. - Segment focus
  • Exhibit 68: Numaligarh Refinery Ltd. - Key offerings
  • Exhibit 69: PJSC LUKOIL - Vendor overview
  • Exhibit 70: PJSC LUKOIL - Business segments
  • Exhibit 71: PJSC LUKOIL - Organizational developments
  • Exhibit 72: PJSC LUKOIL - Geographic focus
  • Exhibit 73: PJSC LUKOIL - Segment focus
  • Exhibit 74: PJSC LUKOIL - Key offerings
  • Exhibit 75: Sasol Ltd. - Vendor overview
  • Exhibit 76: Sasol Ltd. - Business segments
  • Exhibit 77: Sasol Ltd. - Organizational developments
  • Exhibit 78: Sasol Ltd. - Geographic focus
  • Exhibit 79: Sasol Ltd. - Segment focus
  • Exhibit 80: Sasol Ltd. - Key offerings
  • Exhibit 81: Validation techniques employed for market sizing
  • Exhibit 82: Definition of market positioning of vendors
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