Industrial Wax Market | Industry Insights, Trends, Outlook and Key Players
Stratview Research, a global market research firm announces the release of the report titled – Industrial Wax Market which provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.
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According to this report, the global Industrial Wax Market is estimated to growth at a healthy CAGR of 5% by 2027.
Market Segments Analysis
The market researchers have studied the Industrial Wax Market minutely for better understanding. The report consists of segment-wise details to assist the users in making suitable decisions for better growth opportunities. Below is the short piece of information -
Key Players
Dow Corning Ltd.
Akzo Nobel NV
BASF SE
Royal Dutch Shell
Sinopec
Petroleo Brasileiro
Hexion Inc.
Honeywell International Inc.
Arch Chemicals PVT LTD
Momentive Performance Materials
Growth drivers and Market Value:
This report, from Stratview Research, studies the Industrial Wax Market value and growth drivers over the trend period of 2022-27. According to the report -
Industrial Wax Market is likely to witness an impressive CAGR of 4.2% during the forecast period. Robust demand for chemicals and petroleum-based products has been the key factor immensely contributing to the growth of the industrial wax market. In addition, growing population, technological advancements in the wax market, and increasing per capita income in emerging countries such as China and India are underpinning the growth of the industrial wax market.
Segment Analysis:
Based on Application Type:
Based on the application type, the market is segmented as packaging, tires & rubber, candles, holt-melt adhesives, cosmetics & personal care, food, coatings & polishes, and others. The packaging segment is likely to be the attractive segment during the forecast period as the demand for moisture-resistant material for packaging is increasing globally.
Based on Region:
In terms of regions, Asia-Pacific is estimated to be the largest industrial wax market during the forecast period, with China, Japan, and India, being the major countries with lucrative growth opportunities. The region is known to be the largest consumer of industrial wax, owing to the growth in the production and consumption of candles, packaging products and coatings.
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What else are available in this report?
The answer lies in the TOC and other details. Take a sneak-peek into the TOCs of this report.
- Report Scope
- Report Objectives
- Research Methodology
- Market Segmentation
- Secondary Research
- Primary Research
- Breakdown of Primary Interviews by Region, Designation, and Value Chain
- Data Analysis and Triangulation
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About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
