Asia Pacific Industrial Wax Market Forecast 2020-2028

Asia Pacific Industrial Wax Market Forecast 2020-2028

KEY FINDINGS
The Asia Pacific industrial wax market is predicted to grow considerably and set a record CAGR of 5.25% over the estimated period of 2020-2028. The rapid growth of the market in the region is attributed to increased government expenditure, a growing population, and increasing per capita income. The growing demand for industrial waxes in the region and the growing GDP is expected to boost the market further.

MARKET INSIGHTS
The industrial wax market of the Asia Pacific market is further surveyed by segmenting the region into countries like South Korea, Japan, India, Vietnam, Indonesia, Australia & New Zealand, Thailand, China, and the rest of Asia Pacific including Malaysia, Taiwan, Sri Lanka, and others. In Australia, the rising need for convenience and growing concerns over the impact of packaging waste on the environment among consumers is making them move towards reusable and recyclable waste materials. The packaging manufacturers and brand owners are opting for more sustainable packaging materials. The development of the packaging and automotive industry will boost the industrial wax market. In countries like Thailand, the growing cosmetics and packaging industry will benefit the market.

Indonesia’s crude oil market is expanding owing to investments and rising exports, which is further surging the adoption of crude oil in the country. So the production of industrial wax is expected to grow at a good rate. Vietnam’s real GDP growth rate is predicted to be around 6.5% in 2020 and 2021. The population is growing rapidly, and an emerging middle class is expected to reach 26% of the population by 2026. These growth factors will benefit the Vietnam industrial wax market. The region of the rest of Asia Pacific includes developing countries, and the developing economic activities in these countries will drive the market growth further.

COMPETITIVE INSIGHTS
HCI, Numaligarh Refinery Ltd., Exxon Mobil Corporation, Sinopec Corp, etc. are some of the prominent companies operating in the market.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments


1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates `
2.2. Market Overview
3. Market Dynamics
3.1. Parent Market Analysis: Wax Market
3.2. Market Definition
3.3. Key Drivers
3.3.1. Rising Demand From Multiple Applications
3.3.2. Increasing Acceptance Of Synthetic Waxes
3.3.3. Technology Changes In The Wax Market
3.3.4. Growing Population And Increasing Per Capita Income
3.4. Key Restraints
3.4.1. Shrinking Supply Of Paraffin Wax
3.4.2. Increasing Prices Of Synthetic And Bio-based Waxes
3.4.3. Declining Use Of Fossil Based Wax In Packaging Industry
4. Key Analytics
4.1. Key Investment Insights
4.2. Porter’s Five Force Analysis
4.2.1. Buyer Power
4.2.2. Supplier Power
4.2.3. Substitution
4.2.4. New Entrants
4.2.5. Industry Rivalry
4.3. Opportunity Matrix
4.4. Vendor Landscape
4.5. Value Chain Analysis
5. Market By Type
5.1. Fossil Based Waxes
5.2. Synthetic Based Waxes
5.3. Bio-based Waxes
6. Market By Application
6.1. Candles
6.2. Packaging
6.3. Coatings & Polishes
6.4. Hot Melt Adhesives
6.5. Tires & Rubber
6.6. Cosmetics & Personal Care
6.7. Food
6.8. Other Applications
7. Geographical Analysis
7.1. Asia Pacific
7.1.1. China
7.1.2. Japan
7.1.3. India
7.1.4. South Korea
7.1.5. Australia & New Zealand
7.1.6. Thailand
7.1.7. Indonesia
7.1.8. Vietnam
7.1.9. Rest Of Asia Pacific
8. Company Profiles
8.1. Sinopec Corp.
8.2. Royal Dutch Shell Plc
8.3. Evonik Industries
8.4. Exxon Mobil Corp
8.5. Sasol Ltd.
8.6. Lukoil
8.7. Numaligarh Refinery Ltd.
8.8. Hong Chang International
8.9. The Blayson Group Ltd.
8.10. International Group Inc.
List Of Tables
Table 1: Market Snapshot - Industrial Wax
Table 2: Asia Pacific Industrial Wax Market, By Type, Historical Years, 2016-2019 (In $ Million)
Table 3: Asia Pacific Industrial Wax Market, By Type, Forecast Years, 2020-2028 (In $ Million)
Table 4: Asia Pacific Industrial Wax Market, By Application, Historical Years, 2016-2019 (In $ Million)
Table 5: Asia Pacific Industrial Wax Market, By Application, Forecast Years, 2020-2028 (In $ Million)
Table 6: Asia Pacific Industrial Wax Market, By Country, Historical Years, 2016-2019 (In $ Million)
Table 7: Asia Pacific Industrial Wax Market, By Country, Forecast Years, 2020-2028 (In $ Million)
List Of Figures
Figure 1: Key Investment Insights
Figure 2: Porter’s Five Force Analysis
Figure 3: Opportunity Matrix
Figure 4: Vendor Landscape
Figure 5: Asia Pacific Industrial Wax Market, Growth Potential, By Type, In 2019
Figure 6: Asia Pacific Industrial Wax Market, By Fossil Based Waxes, 2020-2028 (In $ Million)
Figure 7: Asia Pacific Industrial Wax Market, By Synthetic Based Waxes, 2020-2028 (In $ Million)
Figure 8: Asia Pacific Industrial Wax Market, By Bio-based Waxes, 2020-2028 (In $ Million)
Figure 9: Asia Pacific Industrial Wax Market, Growth Potential, By Deployment Model, In 2019
Figure 10: Asia Pacific Industrial Wax Market, By Candles, 2020-2028 (In $ Million)
Figure 11: Asia Pacific Industrial Wax Market, By Packaging, 2020-2028 (In $ Million)
Figure 12: Asia Pacific Industrial Wax Market, By Coatings & Polishes, 2020-2028 (In $ Million)
Figure 13: Asia Pacific Industrial Wax Market, By Hot Melt Adhesives, 2020-2028 (In $ Million)
Figure 14: Asia Pacific Industrial Wax Market, By Tires & Rubber, 2020-2028 (In $ Million)
Figure 15: Asia Pacific Industrial Wax Market, By Cosmetics & Personal Care, 2020-2028 (In $ Million)
Figure 16: Asia Pacific Industrial Wax Market, By Food, 2020-2028 (In $ Million)
Figure 17: Asia Pacific Industrial Wax Market, By Other Applications, 2020-2028 (In $ Million)
Figure 18: Asia Pacific Industrial Wax Market, Regional Outlook, 2019 & 2028 (In %)
Figure 19: China Industrial Wax Market, 2020-2028 (In $ Million)
Figure 20: Japan Industrial Wax Market, 2020-2028 (In $ Million)
Figure 21: India Industrial Wax Market, 2020-2028 (In $ Million)
Figure 22: South Korea Industrial Wax Market, 2020-2028 (In $ Million)
Figure 23: Australia & New Zealand Industrial Wax Market, 2020-2028 (In $ Million)
Figure 24: Thailand Industrial Wax Market, 2020-2028 (In $ Million)
Figure 25: Indonesia Industrial Wax Market, 2020-2028 (In $ Million)
Figure 26: Vietnam Industrial Wax Market, 2020-2028 (In $ Million)
Figure 27: Rest Of Asia Pacific Industrial Wax Market, 2020-2028 (In $ Million)

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