Industrial Wax Market Size & Share, by Type {Fossil-based (Mineral Wax, Paraffin Wax, Microcrystallion), Synthetic (Fischer-topsch), Bio-based}; Application (Candles, Packaging, Coatings & Polishing, Hot Melt Adhesives, Tire & Rubber, Cosmetics & Personal Care, Food) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4661
  • Published Date: Feb 15, 2023
  • Report Format: PDF, PPT

Companies Dominating the Industrial Wax Market

    • ·The PJSC Lukoil Oil Company

      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Sasol Limited
    • Exxon Mobil
    • Calumet Specialty Products Partners, L.P.
    • Shell group
    • HF Sinclair Corporation
    • Numaligarh Refinery Limited
    • Blayson Olefines Ltd
    • HCI Wax
    • Gandhar Oil Refinery (India) Limited

Browse Key Market Insights with Data Illustration:


In The News

  • The PJSC Lukoil Oil Company announces its acquisition of Russian retail and lubricants assets. The acquired assets combine a large chain of filling stations that are situated in the Central and Northwestern federal districts of Russia. Russia's federal antimonopoly service approved the sale.

  • Sasol Limited and ArcelorMittal South Africa have joined hands under a joint development agreement (JDA) to develop carbon capture technology to produce sustainable fuels and chemicals, and green steel production through green hydrogen and derivatives.

Author Credits:  Smruti Ranjan, Rajrani Baghel

  • Report ID: 4661
  • Published Date: Feb 15, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing incidences of irritable bowel syndrome and the growing availability of over-the-counter drugs are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2023-2033.

Declining usage of paraffin wax in numerous applications is estimated to be the growth hindering factor for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Sasol Limited, Exxon Mobil, Calumet Specialty Products Partners, L.P., Shell group, HF Sinclair Corporation, Numaligarh Refinery Limited, Blayson Olefines Ltd, HCI Wax, and others.

The company profiles are selected based on the revenues generated from the product segment, the company's geographical presence which determines the revenue-generating capacity, and the new products being launched into the market by the company.

The market is segmented by type, application and by region.

The candle segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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