Europe Industrial Wax Market Forecast 2020-2028

Europe Industrial Wax Market Forecast 2020-2028

KEY FINDINGS
The industrial wax market of Europe is evaluated to record a CAGR of 3.73% over the forecast period of 2020-2028. The mandatory regulations for the cosmetics and personal care industry have led to a rising demand for waxes based on biodegradable materials. The main feature differentiating bio-based waxes from mineral-based waxes is the use of renewable raw materials, which helps to meet social, economic, and environmental sustainability.

MARKET INSIGHTS
The European industrial wax market is divided into countries such as France, Belgium, Italy, Poland, the UK, Russia, Germany, and the rest of Europe like Norway, Sweden, Denmark. In Russia, large oil reserves and increasing demand for fossil-based waxes from various applications are contemplated to drive the market. The fastest-growing application of industrial waxes during the projected period is the tire & rubber application. Candle application has the largest share, which is attributed to the growing use of candles in houses, hotels, and commercial uses. The shifting of base oil producers in the oil and gas industry and the reduction of paraffin wax supply will contribute to the growth of the market in Russia. The Polish packaging industry, whose production rose by 6.5% last year, and the cosmetics industry, which is growing significantly, will contribute towards market growth.

In the rest of the Europe region, the candle was the largest application in 2019, and cosmetics is expected to be the fastest-growing application during the estimated period. In Sweden, the market is estimated to grow annually by 2.8% (CAGR 2020-2023). In the automobile market of Norway, there is an increased preference for hybrid and electric vehicles. This will raise the demand for tire & rubber, which will, in turn, increase demand for industrial wax.

COMPETITIVE INSIGHTS
Evonik Industries AG, HCI wax, Exxon Mobil Corporation, The Blayson Group Ltd., NK Lukoil PAO, etc. are some of the well-known 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. Europe
7.1.1. United Kingdom
7.1.2. Germany
7.1.3. France
7.1.4. Italy
7.1.5. Russia
7.1.6. Belgium
7.1.7. Poland
7.1.8. Rest Of Europe
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: Europe Industrial Wax Market, By Type, Historical Years, 2016-2019 (In $ Million)
Table 3: Europe Industrial Wax Market, By Type, Forecast Years 2020-2028 (In $ Million)
Table 4: Europe Industrial Wax Market, By Application, Historical Years, 2016-2019 (In $ Million)
Table 5: Europe Industrial Wax Market, By Application, Forecast Years 2020-2028 (In $ Million)
Table 6: Europe Industrial Wax Market, By Country, Historical Years, 2016-2019 (In $ Million)
Table 7: Europe 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: Europe Industrial Wax Market, Growth Potential, By Type, In 2019
Figure 6: Europe Industrial Wax Market, By Fossil Based Waxes, 2020-2028 (In $ Million)
Figure 7: Europe Industrial Wax Market, By Synthetic Based Waxes, 2020-2028 (In $ Million)
Figure 8: Europe Industrial Wax Market, By Bio-based Waxes, 2020-2028 (In $ Million)
Figure 9: Europe Industrial Wax Market, Growth Potential, By Deployment Model, In 2019
Figure 10: Europe Industrial Wax Market, By Candles, 2020-2028 (In $ Million)
Figure 11: Europe Industrial Wax Market, By Packaging, 2020-2028 (In $ Million)
Figure 12: Europe Industrial Wax Market, By Coatings & Polishes, 2020-2028 (In $ Million)
Figure 13: Europe Industrial Wax Market, By Hot Melt Adhesives, 2020-2028 (In $ Million)
Figure 14: Europe Industrial Wax Market, By Tires & Rubber, 2020-2028 (In $ Million)
Figure 15: Europe Industrial Wax Market, By Cosmetics & Personal Care, 2020-2028 (In $ Million)
Figure 16: Europe Industrial Wax Market, By Food, 2020-2028 (In $ Million)
Figure 17: Europe Industrial Wax Market, By Other Applications, 2020-2028 (In $ Million)
Figure 18: Europe Industrial Wax Market, Regional Outlook, 2019 & 2028 (In %)
Figure 19: United Kingdom Industrial Wax Market, 2020-2028 (In $ Million)
Figure 20: Germany Industrial Wax Market, 2020-2028 (In $ Million)
Figure 21: France Industrial Wax Market, 2020-2028 (In $ Million)
Figure 22: Italy Industrial Wax Market, 2020-2028 (In $ Million)
Figure 23: Russia Industrial Wax Market, 2020-2028 (In $ Million)
Figure 24: Belgium Industrial Wax Market, 2020-2028 (In $ Million)
Figure 25: Poland Industrial Wax Market, 2020-2028 (In $ Million)
Figure 26: Rest Of Europe Industrial Wax Market, 2020-2028 (In $ Million)

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