Global Refined Wax Market– Industry Trends and Forecast to 2026
By Type (Natural Wax, Synthetic Wax and Specialty Wax), By Application (Building Materials, Candles & Hotmelts, Chlorinated Paraffins, Adhesive and Coating, Cosmetics and Pharmaceuticals, Chewing Gum, Crayons, Fire Logs, Food, Plastic Processing, Printing Inks & Lacquers, Polishes, Road Construction, Textile Industry, Tire & Rubber, Packaging and Others), Geography (North America, South America, Europe, Asia-Pacific and Middle East& Africa)
Refined wax is a harder or sticky substance and is resistant to moisture and oxidation. It is a complex mixture of fatty acids, esters and alcohols, light yellowish substance available in different forms. It covers a broad spectrum of products which includes petroleum-based, natural, synthetic, plant, animal and vegetable-based. The most common and primary application of wax over the years lies in candle making. The soy wax and vegetable based waxes are new developments in the field of refined wax that have become popular in the recent years.
Global refined wax market is expected to reach a steady CAGR of 4.9 % in the forecast period of 2019 to 2026.
Global refined wax is segmented into two notable segments which are by type and application.
• On the basis of type, the market is segmented into natural wax, synthetic wax and specialty wax
• On the basis of application, the market is segmented into building materials, candles & hotmelts, chlorinated paraffins, adhesive and coating, cosmetics and pharmaceuticals, chewing gum, crayons, fire logs, food, plastic processing, printing inks & lacquers, polishes, road construction, textile industry, tire & rubber, packaging and others
The key market players for global refined wax market are listed below:
• The International Group, Inc.
• Calumet Specialty Products Partners
• L.P., Sage Oil LLC
• Tannin Corporation
• Exxon Mobil Corporation
• The Lubrizol Corporation
• American Refining Group, Inc.
• Ergon, Inc.
• Sonneborn LLC
• Sudbury Boat Care Products
• Health & Beauty Natural Oils Co., Inc.
• DEUREX AG, michelman, inc.
• SQI Group
• BASF SE
• Mitsui Chemicals, Inc.
• Lion Chemtech Co., Ltd.
• ceronas GmbH
• ALTANA, SCG Chemicals Co., Ltd.
• Cangzhou Bee Source Wax Co., Ltd
• Changge Huading Wax Industry Co.,Ltd.
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