Industrial Wax Market is Expected to Register a Considerable Growth
Stratview Research published a new report titled The Industrial Wax Market is Segmented by Application Type (Packaging, Tires & Rubber, Candles, Holt-melt adhesives, Cosmetics & Personal Care, Food, Coatings & Polishes, and Others), by Product Type (Synthetic-based wax, Bio-based wax, and Fossil-based wax), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The report published by Stratview Research covers exclusive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides an in-depth analysis of the market segments that includes products, applications, services, and competitor analysis, etc.
Key players
Some of the key companies that are profiled in this report are:
· 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.
The Industrial Wax Market report delivers a close watch on the active competitors, pricing analysis and a thorough overview of the market situations in the forecast period. It is a detailed report gathered from in-depth primary and secondary drivers, market shares, market segments, and geographical analysis.
Segment-wise analysis
Based on the product type, the market is segmented as synthetic-based wax, bio-based wax, and fossil-based wax. Fossil-based wax is likely to be the largest segment of the industrial wax market during the forecast period, owing to it being widely used in the cosmetic industry for manufacturing products such as mascara, moisturizing creams, lipstick, and sun blocks. Besides, it is also used for making candelas, packaging, and coatings of commercial products, which in turn, is driving the growth of the segment.
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.
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.
The Industrial Wax Market report can help the users in developing an understanding of the current market dynamics, supply chain analysis, pricing trends, product preferences, target audience & more.
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