The Europe industrial wax market is projected to grow during the forecast period. The global market for Industrial wax is projected to grow at an approximate CAGR of 4.50% during the forecast period 2017-2024. The growing usage of Industrial wax and increasing demand from the candle applications are the factors driving the market growth.
Market Insights
The Industrial wax market is segmented on the basis of type, geography, and application. The type of Industrial wax market is segmented into Fossil-based waxes, Synthetic wax and Bio-based waxes The Fossil-based waxes market is further segmented into Mineral waxes and Petroleum waxes. The Mineral waxes market is segregated into Montan wax (Lignite/Brown Coal) and Ozokerite. The Petroleum waxes market is segregated into Paraffin wax (Long-Chain Alkanes) and Microcrystalline wax. The Synthetic waxes market is segregated into Poly-Olefin waxes/ Alpha-Olefin waxes and Fischer-Tropsch waxes (GTL, CTL, BTL). The Bio-based waxes are segmented Into Vegetable Waxes (Candelilla Wax, Carnauba Wax, Castor Wax, and Soy Wax) and Animal Waxes (Beeswax, Chinese Wax, Tallow, and Lanolin). The Industrial Wax on the basis of Application is segmented into Candles, Packaging, Food, Coatings & Polishes, Hot Melt Adhesives, Tires & Rubber, Cosmetics & Personal Care and Others (Agriculture, Printing Inks). The Industrial wax market on the basis of geography is segregated into Asia- Pacific, North America, Europe and Middle-East and Africa.
The Candle application market contributes a colossal market share across the geography. The increase in usage of decorating items as well as for therapeutic purposes is rapid growing market. Exclusive properties like providing moisture and good lubrication with the usage of paraffin, beeswax, and candelilla wax, they are for food packaging materials. Apart from food packaging, these waxes are also used in the cosmetic industries for manufacturing of lip balms and lotions. Laminating, Coating and Impregnating are the basic processes of uses of industrial waxes in the packaging industry.
The proliferating demand from the Industrial wax applications such as a candle, tire& rubber, polishes, and the coating is leading to the growth of the market. The usage of Synthetic wax as a substitute to the naturally available waxes and the advancements in the wax market are drivers for the market growth.
Europe Industrial Wax Market Forecast 2017-2024
Table of Contents
1 Research Scope
1.1. Study Goals
1.2. Study and Forecasting Years
2 Research Methodology
2.1. Sources of Data
2.1.1. Secondary Data
2.1.2. Primary Data
2.2. Top Down Approach
2.3. Bottom-Up Approach
2.4. Data Triangulation
3 Executive Summary
3.1. Market Summary
4 Market Trend- Industrial Wax
4.1. Introduction
4.1.1. Europe
4.1.1.1. the Shift of Food Packaging Industry From Paraffin Wax Towards the Natural Waxes
4.1.1.2. Rise In Demand For Paraffin Wax In Candle Making Increasing the Imports In Europe
4.2. Value Chain Analysis
4.2.1. Raw Material Suppliers
4.2.2. Manufacturers
4.2.3. Distributers/Resellers
4.2.4. End-Users
4.3. Porter's Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.1.1. Fluctuations In Crude Oil Prices
4.3.1.2. Large Number of Raw Material Suppliers
4.3.2. Threat of New Entrants
4.3.2.1. Highly Consolidated Market
4.3.2.2. Small Players Restricted To Local Markets
4.3.3. Threat of Substitutes
4.3.3.1. Limited Number of Substitutes
4.3.3.2. Product Differentiation Is Low
4.3.4. Bargaining Power of Buyers
4.3.4.1. Brand Sensitive Market
4.3.4.2. Sufficient Number of Suppliers
4.3.5. Intensity of Rivalry
4.3.5.1. Market Dominated By A Few Well-Established Players
5 Patent Analysis
6 Industrial Wax - Market Overview
6.1. Introduction
6.2. Market Dynamics
6.2.1. Drivers
6.2.1.1. Rising Demand From Applications Such As Candle, Tire& Rubber, and Coating & Polishes
6.2.1.2. Increasing Acceptance of Synthetic Waxes
6.2.1.3. Technology Changes In the Wax Market
6.2.1.4. Growing Population and Increasing Per Capita Income In the Emerging Countries Such As India, China, and Other Asian Countries
6.2.2. Restraints
6.2.2.1. Shrinking Supply of Paraffin Wax
6.2.2.2. Increasing Prices of Synthetic and Bio-Based Waxes
6.2.3. Opportunities
6.2.3.1. Growing Demand For Unconventional Waxes
6.2.3.2. Growing North American Imports of Industrial Wax
6.2.4. Challenges
6.2.4.1. To Meet the Growing Demand For Paraffin Wax
6.2.4.2. Declining Use of Fossil Based Wax In Packaging Industry In North America
7 Industrial Wax - By Type
7.1. Fossil Based Waxes
7.1.1. Mineral Waxes
7.1.1.1. Montan Wax (Lignite/Brown Coal)
7.1.1.2. Ozokerite
7.1.2. Petroleum Waxes
7.1.2.1. Paraffin Wax (Long-Chain Alkanes)
7.1.2.2. Microcrystalline Wax
7.2. Synthetic Wax
7.2.1. Poly-Olefin Waxes/ Alpha-Olefin Waxes
7.2.2. Fischer- Tropsch Waxes (Gtl, Ctl, Btl)
7.3. Bio-Based Waxes
7.3.1. Vegetable Waxes (Candelilla Wax, Carnauba Wax, Castor Wax, Soy Wax)
7.3.2. Animal Waxes (Beeswax, Chinese Wax, Tallow, Lanolin)
8 Industrial Wax - By Application
8.1. Candles
8.2. Packaging
8.3. Food
8.4. Coatings & Polishes
8.5. Hot Melt Adhesives
8.6. Tyres & Rubber
8.7. Cosmetics & Personal Care
8.8. Others (Agriculture, Printing Inks)
9 Industrial Wax - Region
9.1. Europe
9.1.1. Germany
9.1.2. France
9.1.3. U.K.
9.1.4. Russia
9.1.5. Rest of Europe
10 Industrial Wax - Company Profiles
10.1. Sinopec Corp.
10.1.1. Business Overview
10.1.2. Products
10.1.3. Recent Developments
10.1.4. Scot Analysis
10.2. Royal Dutch Shell Plc
10.2.1. Products
10.2.2. Scot Analysis
10.3. Petroleo Brasileiro S.A. (Petrobras)
10.3.1. Products
10.3.2. Scot Analysis
10.4. Exxon Mobil Corp
10.4.1. Products
10.4.2. Scot Analysis
10.5. Sasol Ltd.
10.5.1. Products
10.5.2. Key Developments
10.5.3. Scot Analysis
10.6. Oil Co. Lukoil Pjsc
10.6.1. Products
10.6.2. Scot Analysis
10.7. Numaligarh Refinery Ltd.
10.7.1. Products
10.7.2. Recent Developments
10.8. Hci
10.8.1. Products
10.9. the Blayson Group Ltd.
10.9.1. Products
10.10. International Group Inc.
10.10.1. Products
List of Tables
Table 1 Market Segmentation, By Type
Table 2 Market Segmentation, By Application
Table 3 Fossil Based Waxes: Industrial Wax Market, By Region, 2015-2024, ($Million)
Table 4 Fossil Based Waxes: Industrial Wax Market, By Region, 2015-2024, (Kt)
Table 5 Synthetic Based Waxes: Industrial Wax Market, By Region, 2015-2024, ($Million)
Table 6 Synthetic Based Waxes: Industrial Wax Market, By Region, 2015-2024, (Kt)
Table 7 Bio-Based Waxes: Industrial Wax Market, By Region, 2015-2024, ($Million)
Table 8 Bio-Based Waxes: Industrial Wax Market, By Region, 2015-2024, (Kt)
Table 9 Application of Beeswax For Different Product Categories
Table 10 Candles: Industrial Wax Market, By Region, 2015-2022, ($Million)
Table 11 Packaging: Industrial Wax Market, By Region, 2015-2024, ($Million)
Table 12 Foods: Industrial Wax Market, By Region, 2015-2024, ($Million)
Table 13 Coatings & Polishes: Industrial Wax Market, By Region, 2015-2024, ($Million)
Table 14 Hot Melt Adhesives: Industrial Wax Market, By Region, 2015-2024, ($Million)
Table 15 Tyres & Rubber: Industrial Wax Market, By Region, 2015-2024, ($Million)
Table 16 Cosmetics & Personal Care: Industrial Wax Market, By Region, 2015-2024, ($Million)
Table 17 Others: Industrial Wax Market, By Region, 2015-2024, ($Million)
Table 18 Europe: Industrial Wax Market Size, By Country, 2015-2024, ($Million)
Table 19 Europe: Industrial Wax Market Size, By Type, 2015-2024, ($Million)
Table 20 Europe: Industrial Wax Market Size, By Application, 2015-2024, ($Million)
Table 21 Germany: Industrial Wax Market Size, By Type, 2015-2024, ($Million)
Table 22 Germany: Industrial Wax Market Size, By Application, 2015-2024, ($Million)
Table 23 France: Industrial Wax Market Size, By Type, 2015-2024, ($Million)
Table 24 France: Industrial Wax Market Size, By Application, 2015-2024, ($Million)
Table 25 U.K.: Industrial Wax Market Size, By Type, 2015-2024, ($Million)
Table 26 U.K.: Industrial Wax Market Size, By Application, 2015-2024, ($Million)
Table 27 Russia. : Industrial Wax Market Size, By Type, 2015-2024, ($Million)
Table 28 Russia: Industrial Wax Market Size, By Application, 2015-2024, ($Million)
Table 29 Rest of Europe: Industrial Wax Market Size, By Type, 2015-2024, ($Million)
Table 30 Rest of Europe: Industrial Wax Market Size, By Application, 2015-2024, ($Million)
List of Figures
Figure 1 Fossil Based Wax Market Is Expected To Remain Dominant Type of Industrial Wax Till 2024
Figure 2 Candle Applications Is Expected To Lead the Industrial Wax Market, During 2017-2024
Figure 3 Growing Net Imports In North America Due To Lack of Local Supply and Growing Demand
Figure 4 Value Chain Analysis
Figure 5 Year Wise Patent Publishing Between 2013-2015 In Europe, Us and Japan For Paraffin Wax
Figure 6 Year Wise Patent Publishing Between 2013-2015 In Europe, Us and Japan For Paraffin Wax
Figure 7 Year Wise Patent Publishing Between 2013-2015 In Europe, Us and Japan For Paraffin Wax
Figure 8 Industrial Wax: Market Dynamics
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