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Industrial Wax Market Worth $14.3 Billion by 2026 - Exclusive Report by MarketsandMarkets™

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MarketsandMarkets

18 Apr, 2019, 09:30 GMT

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CHICAGO, April 18, 2019 /PRNewswire/ --According to the new research report "Industrial Wax Market by Type (Fossil based, Synthetic based, Bio based), Application (Candles, Packaging, Coatings & Polishes, Hot-melt Adhesives, Tires & Rubber, Cosmetics & Personal Care, Food), and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Industrial Wax Market size was estimated to be USD 9.8 billion in 2018 and is projected to reach USD 14.3 billion by 2026, at a CAGR of 4.8%. The increasing demand for industrial wax from applications, such as candles, packaging, and coating & polishes and growing acceptance of synthetic waxes are expected to drive the industrial wax market.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=197935975

Browse in-depth TOC on "Industrial Wax Market"

162 – Tables
60 – Figures
171 – Pages

View detailed Table of Content here:

https://www.marketsandmarkets.com/Market-Reports/industrial-wax-market-197935975.html

The fossil-based waxes segment is estimated to be the largest type of the industrial wax market.

The fossil-based waxes segment is the largest type of the industrial wax market. These waxes are largely used in candle making, packaging, and coatings of commercial products. In addition, these waxes are used in the cosmetics industry as they are considered extensively safe and are derived from various processes of crude oil refining. Petroleum wax has a high-gloss characteristic, which makes it a suitable ingredient for polishes and is commonly used in floors, furniture, cars, and footwear.

The market in the tire & rubber application to register the highest CAGR during the forecast period.

The market in the tire & rubber application is projected to witness the highest growth rate during the forecast period. Industrial waxes are added to the compounds of rubbers and tires to protect them from ozone and UV lights. In addition, these waxes are applied to tires and rubbers to protect them from cracking. Moreover, the growing tire and rubber industries are expected to drive the demand for industrial waxes during the forecast period.

Request Sample Pages:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=197935975

Asia Pacific accounts for the largest share of the industrial wax market.

Asia Pacific was estimated to account for the largest share of the industrial wax market in 2017. China, India, and Japan are among the leading markets for candle making, packaging, coatings & polishes, and tires & rubber. The growth in the application segments has increased the demand for industrial wax in the region.

The leading players in the Industrial Wax Market are Sinopec (China), Royal Dutch Shell (Netherlands), Petroleo Brasileiro (Brazil), Exxon Mobil (US), Sasol (South Africa), Oil Co. Lukoil PJSC (Russia), Numaligarh Refinery (India), HCl (China), The Blayson Group (UK), and International Group (Canada).

Get 10% Free Customization on this Report:

https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=197935975

Browse Adjacent Markets: Bulk Chemicals and Inorganics Market Research Reports & Consulting

Related Reports:

Bio-Lubricants Market by Base Oil Type (Vegetable Oil, Animal Fat), Application (Hydraulic Fluids, Metalworking Fluids, Chainsaw Oils, Mold Release Agents), End Use (Industrial, Commercial Transport, Consumer Automobile) - Global Forecast to 2022

Wax Emulsion Market by Material Base (Synthetic Natural), Type (Polyethylene, Paraffin, Carnauba, Polypropylene, and Others), End Use Industry (Paints & Coatings, Adhesives & Sealants, Cosmetics, Textiles, and Others), Region (Asia-Pacific, North America, Europe, and RoW) - Global Forecast to 2021

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/industrial-wax-market.asp

Visit Our Website: https://www.marketsandmarkets.com

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

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