Market Research Reports

Waxes find their application across industries such as textiles, paints, packaging, electronics, electrical, inks and coatings, rubber, pharmaceuticals, food, and cosmetics. Thus, a growth in these end user industries also spells a heightened demand for wax. Since a majority of the aforementioned industries have been witnessing a growth of Wax Market in the recent years and this includes electronics, packaging, food, cosmetics and pharmaceuticals, the market for wax is experiencing a healthy growth. The production of paraffin wax has decreased over the years, but this is balanced by the higher production of synthetic and natural waxes, which is boosting the growth of the market worldwide. Wax is used extensively as additives, base materials, and to aid processing. Since the importance of finished goods such in metals, surface gloss, and surface protection in ceramics is increasing, the use of wax will also increase, driving the market. Wax also works as a corrosion inhibitor in met...

A recent research report published by Transparency Market Research projects the  global wax market  to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “ Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 ,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013 and at 4,539.9 kilo tons in terms of volume. The report points out that the rising base of end-use industries such as adhesives, rubber, cosmetics, packaging, candles, and wood and fire-logs is driving the global wax market. The growing demand from the packaging and cosmetics industries is particularly contributing towards the growth of the market. However, the closure of Group I base oil refineries will inhibit the growth of the global wax market during the forecast horizon. The overall market has a huge opportunity to grow with the introduction of gas-to-liquid (...