Global Industrial Wax Market Insights, Forecast to 2028

Waxes are a diverse class of organic compounds that are lipophilic, malleable solids near ambient temperatures.
Market Analysis and Insights: Global Industrial Wax Market
Due to the COVID-19 pandemic, the global Industrial Wax market size is estimated to be worth US$ 9291.3 million in 2022 and is forecast to a readjusted size of US$ 11690 million by 2028 with a CAGR of 3.9% during the review period. Fully considering the economic change by this health crisis, Fossil Based accounting for % of the Industrial Wax global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Candles segment is altered to an % CAGR throughout this forecast period.
China Industrial Wax market size is valued at US$ million in 2021, while the US and Europe Industrial Wax are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Industrial Wax landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Industrial Wax include Sinopec, Shell, Petrobras, ExxonMobil, Sasol, Lukoil, Numaligarh Refinery, HCI and Blayson and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Industrial Wax capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Industrial Wax by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Industrial Wax Scope and Segment
Industrial Wax market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Industrial Wax market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

Segment by Type
Fossil Based
Synthetic Based
Bio Based

Segment by Application
Candles
Packaging
Coatings & Polishing
Hot Melt Adhesive
Tires & Rubber
Cosmetics & Personal Care
Food
Others

By Company
Sinopec
Shell
Petrobras
ExxonMobil
Sasol
Lukoil
Numaligarh Refinery
HCI
Blayson
IGI
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E