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Oct 21, 2019 6:42 AM ET

Global Industrial Wax Market is Expected to Reach a Value at CAGR of over 3% by the End of 2023

Global Industrial Wax Market is Expected to Reach a Value at CAGR of over 3% by the End of 2023

iCrowd Newswire - Oct 21, 2019

Industrial Wax Market” Research Report is beneficial to grab top position in this competitive industry. This report contains every details about trends, drivers, and barriers with respect to the Industrial Wax market. It also delivers synopsis of market considering regional growth, classification of products and application. Report includes in depth analysis of major players with growth strategies, shares and their profiles.

“Industrial Wax market is giving the largest share of 3.2% in 2018 and expected to grow at compound annual growth rate (CAGR) of over 3% during forecast period 2019-2023.“

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About Industrial Wax Market:

Industrial wax refers to hydrocarbon compounds that are primarily synthesized from crude petroleum for its use in various industrial applications. Our industrial wax market analysis considers sales from various applications including candle manufacturing, packaging, coatings and polishes, and others. Our analysis also considers the sales of industrial wax in APAC, Europe, MEA, North America, and South America. In 2018, the candle manufacturing segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as premiumization will play a significant role in the candle manufacturing segment to maintain its market position. Also, our global industrial wax market report looks at factors such as increased demand for industrial wax in coating applications, increasing demand for industrial wax from the personal care industry, and increasing industrial wax production capacity. However, uncertainties such as a decline in demand of group 1 base oil, equipment damage and negative impact of industrial wax on the environment, growing preference for fiberboard packaging may hamper the growth of the industrial wax industry over the forecast period.

Market Driver: increased demand for industrial wax from the personal care industryMarket Trend: industrial research and development activitiesMarket Challenge: equipment damage and negative impact of industrial wax on the environment.Increased demand for industrial wax from the personal care industryThe cosmetics and personal care industry is witnessing substantial growth worldwide because of the increase in consumer demand for beautification and personal hygiene products. Industrial wax is used in cosmetic and personal care product formulations to enhance the viscosity and consistency of these products. Different types of wax are used in different cosmetic products. With the increase in demand for personal care products, many companies are coming forward to supply wax to cater to the needs of the personal care and cosmetics industry.

This demand for industrial wax will lead to the expansion of the global industrial wax market at a CAGR of over 3% during the forecast period.Industrial research and development activitiesThe growing applications for industrial wax have spurred the RandD activities in the global industrial wax industry. Several researchers are collaborating with companies that have hands-on experience in offering quality waxes and are developing new technologies to extend the areas of applications further. One such RandD effort aims at creating high-performance wax for use in wax 3D printers. This development is expected to have a positive impact on the overall market growth.

Industrial Wax market report studies the industry chain and supply chain which includes R and D, raw material, manufacturing plants, offline and online sales channel, end user analysis and marketing strategies for market growth gives guidelines on development trends and forecast.

Industrial Wax Market has been segmented on the basis of industry which comprises of:

Industrial Wax market report provides regional analysis forecast (2019-2023) including following regions and country level analysis:APAC, Europe, MEA, North America, and South America

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Following key points gives overall report analysis:

Competition by Companies:Industrial Wax market report gives analysis on average price, concentration rate, competitive situation and trends, share of top 3 and top 5 manufacturers, manufacturing base distribution, sales area and product type.

Production, Export, import by Region:Geographical analysis provides price and gross margin, supply (production), consumption, revenue (value) and market share etc.

Study by Application:This analysis of Industrial Wax Market provides drivers and opportunities based on key consumers, potential application, emerging markets/countries.

Industrial Cost Analysis:This analysis of Industrial Wax market includes key raw materials, price trend of key raw materials, key suppliers of raw materials, market concentration rate of raw materials, proportion of manufacturing cost structure.

Market Forecast:Forecast on growth rate, production, consumption, revenue and price trend, applications, types and technology to be used, risks to be taken etc.

In the end, the Industrial Wax Market feasibility of new investment plan is evaluated, and wide Industrial Wax research conclusions are offered in the report. Industrial Wax Market report delivers major statistics, list of Figures, Tables, Charts which is the detail source of data for guidance and understanding of Industrial Wax Industry.

No. of Pages: 129

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TOC of Industrial Wax Market ReportPART 01: EXECUTIVE SUMMARYPART 02: SCOPE OF THE REPORT2.1 Preface2.2 Preface2.3 Currency conversion rates for US$PART 03: MARKET LANDSCAPEMarket ecosystemMarket characteristicsMarket segmentation analysisPART 04: MARKET SIZINGMarket definitionMarket sizing 2018Market size and forecast 2018-2023PART 05: FIVE FORCES ANALYSISBargaining power of buyersBargaining power of suppliersThreat of new entrantsThreat of substitutesThreat of rivalryMarket conditionPART 06: MARKET SEGMENTATION BY APPLICATIONMarket segmentation by applicationComparison by applicationCandle manufacturing – Market size and forecast 2018-2023Cosmetics – Market size and forecast 2018-2023Packaging – Market size and forecast 2018-2023Coatings and polishes – Market size and forecast 2018-2023Others – Market size and forecast 2018-2023Market opportunity by applicationPART 07: CUSTOMER LANDSCAPEPART 08: GEOGRAPHIC LANDSCAPEGeographic segmentationGeographic comparisonAPAC – Market size and forecast 2018-2023North America – Market size and forecast 2018-2023Europe – Market size and forecast 2018-2023MEA – Market size and forecast 2018-2023South America – Market size and forecast 2018-2023Key leading countriesMarket opportunityPART 09: DECISION FRAMEWORKPART 10: DRIVERS AND CHALLENGESMarket driversMarket challengesPART 11: MARKET TRENDSIndustrial research and development activitiesEmergence of technology to convert recycled plastics into waxGrowing inclination for bio-based wax in industrial applicationsPART 12: VENDOR LANDSCAPEOverviewLandscape disruption

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Contact Us:

Name: Ajay More

Phone: US +1424 253 0807/ UK +44 203 239 8187

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