Wax Market - Rising Base of End-Users Is Expected to Drive Market Growth

Waxes are organic compounds primarily comprising long and linear alkyl chains. These alkyl chains are characterized by specific crystal structure. Crystal structure of wax can be altered by adding branching to the linear alkyl chain. Change in crystal structure alters physical properties of the wax.


Albany, NY -- (SBWIRE) -- 05/11/2016 -- Wax is a class of organic compound that is malleable at ambient temperature, and upon melting turns into a low viscosity fluid. The chemical nature of wax is complex; however normal alkanes with a wide range of molecular weight contribute to the composition to a large extent. Wax offers resistance to air and water. This opens up applications in various industries such as packaging, cosmetics, and adhesive. Rising base of end-user industries is likely to drive the global wax market during the forecast period. However, shortfall in the supply of wax is anticipated to hamper market growth.

This report covers historic analysis and forecast for the wax market on a global and regional level. The study provides analysis and forecast from 2014 to 2020 based on both volume (Kilo Tons) and revenue (US$ Mn).

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The study includes drivers and restraints of the wax market, along with their impact on demand during the forecast period. Additionally, the report comprises the study of opportunities in the wax market on the global and regional level. The report includes a thorough analysis of the value chain in order to provide detailed understanding of the market. It comprises Porter's Five Forces model, which provides an insight into the intensity of competition in the market. Furthermore, the study covers market attractiveness analysis, wherein various end-users are benchmarked based on market size, growth rate and general attractiveness.

The study provides a decisive view of the wax market by bifurcating it into product segments such as petroleum & mineral wax, synthetic wax and natural wax. Petroleum and mineral wax product segment is further sub-segmented into paraffin wax, microcrystalline wax and others (including semi-crystalline wax and petroleum jelly). Synthetic segment is further bifurcated into gas-to-liquids (GTL) wax, polymer wax and others (such as montan wax). Natural wax product segment comprises beeswax, vegetable wax and others (including Japan wax and rice bran wax). The report also provides segmentation of the global wax market by end-user industries. End-user segments have been analyzed based on historic, present and future trends, and the market has been estimated from 2014 to 2020 in terms of volume (Kilo Tons) and revenue (US$ Mn). End-user industry segments include candles, packaging, wood & fire-logs, rubber, adhesive cosmetics and others.

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Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. This segmentation includes demand for inpidual product segments and end-user industries in all the regions. Market has been analyzed based on demand, and forecast trends are based on current trends for the period of six years.

Secondary research sources that were typically referred to include, but were not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings. Other sources such as internal and external proprietary databases, relevant patent and regulatory databases, national government documents, statistical databases and market reports, news articles, press releases, and webcasts specific to companies operating in the market have also been referred for the report.

We conducted primary interviews with industry participants and commentators in order to validate data and analysis. A typical research interview fulfilled functions such as providing first-hand information on market size, market trends, supply trends, demand estimations, growth trends, competitive landscape and outlook. This helped in validating and strengthening the secondary research findings. Primary research further developed the analysis team's expertise and market understanding.

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Profiles of leading companies have been provided in the report along with detailed analysis of their market share. The study features profiles of companies such as China National Petroleum Corporation (CNPC), The International Group, Inc. (IGI), Exxon Mobil Corporation, Sasol Wax, Sinopec Limited and Royal Dutch Shell plc, Lukoil, Total Petrochemicals & Refining USA, Inc., and PetrĂ³leos de Venezuela, SA.

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