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封面
市場調查報告書
商品編碼
1722715

2025 年至 2033 年蠟市場報告，按類型（礦物蠟、合成蠟、天然蠟等）、形態（薄片、顆粒、粉末等）、應用（蠟燭、化妝品、包裝、乳液、熱熔膠、地板拋光劑等）和地區分類

Wax Market Report by Type (Mineral Wax, Synthetic Wax, Natural Wax, and Others), Form (Flakes, Granules, Powder, and Others), Application (Candles, Cosmetics, Packaging, Emulsions, Hot Melts, Floor Polishes, and Others), and Region 2025-2033
出版日期: | 出版商: IMARC | 英文 145 Pages | 商品交期: 2-3個工作天內

價格

2024 年全球蠟市場規模達到 109 億美元。展望未來， IMARC Group預計到 2033 年市場規模將達到 139 億美元，2025-2033 年期間的成長率 (CAGR) 為 2.7%。市場成長受到多種因素的推動，包括其在不同行業的廣泛應用、對天然和合成蠟的需求不斷增加、製造技術的進步以及對永續和環保蠟替代品的認知不斷提高。

蠟市場分析：

主要市場促進因素：由於環保意識的增強，對天然和永續蠟的需求不斷增加是推動蠟需求的主要因素。此外，食品、包裝、化妝品和個人護理領域的產品應用不斷擴大，為市場擴張開闢了有利可圖的前景。此外，都市化、人口成長和可支配收入的提高對蠟市場前景產生了積極影響。

主要市場趨勢：受消費者對環保產品的需求推動，人們對天然和有機蠟的偏好日益成長，這是蠟市場的主要趨勢之一。此外，受健康趨勢和創新配方的推動，化妝品和個人護理產品的應用日益增多，促進了市場擴張。同時，包裝和食品業擴大使用蠟來提高產品品質和保存期限，這有助於市場的成長。

地理趨勢：蠟市場預測顯示，亞太地區將成為快速工業化、都市化和基礎設施發展推動的領先地區。此外，北美和歐洲仍然是重要的市場，成熟的行業和嚴格的法規推動著對專用蠟的需求。同時，拉丁美洲和非洲的新興經濟體由於消費需求而不斷成長和工業發展，為市場擴張提供了尚未開發的機會。

競爭格局：蠟業的一些主要市場參與者包括貝克休斯公司、巴斯夫公司、西班牙石油公司、中國石油化學集團公司、埃尼公司、贏創工業股份公司、埃克森美孚公司、HF Sinclair 公司、霍尼韋爾國際公司、三井化學公司、日本精染株式會社、薩索爾有限公司和殼牌公司。等等。

挑戰與機會：蠟市場分析顯示，原物料價格波動、環境法規、替代材料的競爭對市場成長構成挑戰。另一方面，蠟市場近期的機會在於不斷創新和開發永續蠟產品、拓展新興市場以及建立策略合作夥伴關係以獲取新客戶和分銷管道。

蠟市場趨勢：

對天然和永續蠟的需求不斷增加：

對永續和天然蠟產品的需求不斷成長是推動全球蠟市場佔有率成長的主要趨勢之一。隨著消費者和產業對環境問題的意識不斷增強並選擇環保替代品，來自大豆、蜂蠟和棕櫚蠟等可再生資源的蠟越來越受歡迎。與石油基蠟相比，天然蠟具有多種優勢，包括可生物分解、無毒性和減少對環境的影響。例如，2021 年 6 月，巴西石化公司 Braskem 擴大了其 I'm green(TM) 產品線，增加了以甘蔗乙醇為基礎的生物聚乙烯蠟。這種環保的添加符合巴西石化公司的永續發展承諾，為消費者提供了可再生的替代品，同時減少了對環境的影響。此外，化妝品、食品包裝和藥品等各種應用領域對天然成分的偏好進一步刺激了對天然蠟的需求。

化妝品和個人護理產品中日益成長的應用：

蠟在化妝品配方中起著至關重要的作用，特別是在口紅中，蠟佔口紅含量的 10% 至 15%，可提高口紅的熔點。此外，蠟還能提供質感、保濕性和光澤度，並提高穩定性和延展性，增強消費者的感官體驗，並凸顯蠟在當代美容和護膚產品中不可或缺的作用。全球約 40% 的蜂蠟貿易服務於化妝品行業，這凸顯了對價格在 4-10 美元/公斤之間的頂級純淨蜂蠟的需求。這凸顯了蜂蠟相關企業（例如生產局部皮膚藥膏）的獲利能力。此外，隨著消費者偏好轉向天然化妝品，植物蠟市場正在經歷顯著成長，從而增強了蠟市場的收入。

蠟作為禮物的多功能性擴展：

蠟燭購買者普遍認為蠟燭是適合各種場合的禮物，其中 76% 的人認為蠟燭是節日的理想禮物，74% 的人認為蠟燭是喬遷之喜的理想禮物，66% 的人認為蠟燭是女主人/晚宴的理想禮物，61% 的人認為蠟燭是表達感激之情的理想禮物，58% 的理想人認為蠟燭是成人的理想禮物。這種廣泛的接受強調了蠟燭的多功能性，既實用又富有情感。它們能夠喚起溫暖和氛圍，因此受到普遍喜愛，推動了市場需求。此外，蠟公司不斷在香味、設計和環保材質方面進行創新，以滿足不同消費者的喜好。蠟燭作為愛情和情感的經典象徵，透過滿足人們對禮物的多樣化需求並鼓勵持續創新和客戶滿意度，推動蠟市場不斷成長。

蠟市場細分：

按類型分列：

  • 礦物蠟
  • 合成蠟
  • 天然蠟
  • 其他

礦物蠟佔據大部分市場佔有率

蠟市場概況表明，石蠟和微晶蠟等礦物蠟因其出色的穩定性、低成本和多功能性而備受推崇，使其成為各個領域不可或缺的一部分。除此之外，它還廣泛應用於化妝品和個人護理行業的口紅、乳霜和乳液，因為它能夠賦予光滑的質地、光澤的表面和持久的耐磨性，從而促進了市場的成長。礦物蠟也可用作包裝和食品行業中紙板、卡紙板和食品包裝材料的塗層和密封劑，具有防潮和防禦外部影響的功能。此外，由於其惰性和與活性藥物成分（API）的兼容性，其產品在製藥行業廣泛應用於藥用軟膏、栓劑和包衣的生產，從而推動了市場的成長。

按形式分類：

  • 薄片
  • 顆粒
  • 粉末
  • 其他

由於蠟片處理方便且適用於多個行業，其需求正在激增。由於其易於熔化和混合，它們廣泛應用於蠟燭製造、化妝品和塗料。這不僅簡化了製造流程，而且提高了產品品質。蠟片的適應性使其成為不可或缺的一部分，對提高效率和不同應用中成品的整體吸引力做出了重大貢獻。

除此之外，蠟顆粒因其一致的尺寸和可控的釋放特性而越來越受到青睞，特別是在製藥、食品加工和工業應用等領域。它們的均勻性使得精確的劑量和分配成為可能，這對於各種工藝都至關重要。

此外，蠟粉的受歡迎程度源自於其細小的顆粒尺寸和優異的分散性，尤其在印刷油墨、油漆和拋光劑中受到重視。它具有光滑的紋理、出色的覆蓋率和無可挑剔的表面光潔度，符合嚴格的行業標準，這促進了其需求的激增。

按應用分類：

  • 蠟燭
  • 化妝品
  • 包裝
  • 乳液
  • 熱熔膠
  • 地板拋光劑
  • 其他

蠟燭代表了領先的細分市場。

在住宅、商業和酒店領域，用於裝飾、芳香和功能用途的蠟燭越來越受歡迎，這推動了市場的成長。美國蠟燭協會透露，美國每年的蠟燭產品零售額約為31.4億美元。蠟燭是一種多功能的環境照明解決方案，可在家庭、餐廳、飯店和活動場所營造舒適的氛圍。根據美國國家蠟燭協會的資料，蠟燭使用者主要在客廳使用蠟燭，其中 42% 的人表示客廳是點燃蠟燭最常見的地方。其次是廚房，佔18%，臥室，佔13%。此外，隨著人們越來越重視健康和自我護理，注入精油的香氛蠟燭因其治療功效、促進放鬆、緩解壓力和改善情緒而受到追捧。除此之外，個人化和手工蠟燭的流行趨勢日益興起，其獨特的設計、顏色和香味吸引了那些尋求優質和定製家居裝飾產品的挑剔消費者。

按地區分類：

  • 北美洲
  • 美國
  • 加拿大
  • 亞太
  • 中國
  • 日本
  • 印度
  • 韓國
  • 澳洲
  • 印尼
  • 其他
  • 歐洲
  • 德國
  • 法國
  • 英國
  • 義大利
  • 西班牙
  • 俄羅斯
  • 其他
  • 拉丁美洲
  • 巴西
  • 墨西哥
  • 其他
  • 中東和非洲

亞太地區引領市場，佔據最大的蠟市場佔有率

該報告還對所有主要區域市場進行了全面的分析，包括北美（美國和加拿大）；亞太地區（中國、日本、印度、韓國、澳洲、印尼等）；歐洲（德國、法國、英國、義大利、西班牙、俄羅斯等）；拉丁美洲（巴西、墨西哥等）；以及中東和非洲。報告稱，亞太地區是最大的蠟區域市場。

根據蠟市場報告，受中國、印度和東南亞等國家快速城市化、人口成長和可支配收入增加的刺激，亞太地區對蠟的需求不斷成長，推動了市場擴張。特別是建築和基礎設施行業正在經歷顯著成長，推動了對塗料、密封劑和防水材料中使用的蠟的需求。除此之外，該地區不斷擴大的汽車和包裝行業需要蠟用於潤滑劑、拋光劑和包裝塗料等應用，這進一步促進了市場成長。此外，化妝品和個人護理行業的興起，加上消費者生活方式和偏好的改變，推動了化妝品配方和盥洗用品中使用的蠟的需求。

競爭格局：

市場研究報告也對市場競爭格局進行了全面的分析。也提供了所有主要公司的詳細資料。蠟業的一些主要市場參與者包括貝克休斯公司、巴斯夫、西班牙石油公司、中國石油化學集團公司、埃尼公司、贏創工業股份公司、埃克森美孚公司、HF Sinclair 公司、霍尼韋爾國際公司、三井化學公司、日本精染株式會社、薩索爾有限公司、殼牌公司等。

（請注意，這只是關鍵參與者的部分列表，完整列表在報告中提供。）

全球蠟市場的特徵是主要參與者之間的競爭非常激烈。這些公司根據產品品質、創新、定價策略和地理覆蓋範圍等因素競爭。他們也專注於併購、合作和產品發布等策略性舉措，以獲得競爭優勢並擴大市場佔有率。此外，對研發 (R&D) 的投資對於開發新的蠟配方和改進現有產品以滿足不斷變化的客戶需求和監管要求至關重要。此外，全球蠟市場也面臨來自區域和本地參與者的競爭，特別是在新興經濟體，這進一步加劇了市場競爭並推動了行業的不斷創新和成長。

蠟市場新聞：

2022 年 3 月，專門生產、開發和分銷蠟產品的公司 AWAX spa 收購了 Sasol 位於德國的子公司 Sasol Wax GmbH。由此，AWAX 在德國漢堡、英國伯肯黑德和奧地利林茨分別獲得了兩個生產基地，均以 Hywax 的名義運作。

2021 年 1 月，HollyFrontier Corporation 最終以 6.136 億美元的價格從殼牌石油產品美國公司收購了普吉特海灣煉油廠。此次收購使 HFC 佔據了西海岸產品市場的地位，增強了其煉油業務以及產品和服務組合。

本報告回答的關鍵問題

  • 2024 年全球蠟市場規模是多少
  • 2025-2033年全球蠟市場的預期成長率是多少
  • 推動全球蠟市場的關鍵因素有哪些
  • COVID-19 對全球蠟市場有何影響
  • 全球蠟市場按類型分類如何
  • 根據應用，全球蠟市場如何分類
  • 全球蠟市場的主要區域有哪些
  • 全球蠟市場的主要參與者/公司有哪些

本報告回答的關鍵問題

  • 2024 年全球蠟市場規模？ 2025-2033年全球蠟市場的預期成長率是多少？
  • 推動全球蠟市場發展的關鍵因素有哪些？
  • COVID-19 對全球蠟市場有何影響？
  • 全球蠟市場依類型分為哪些類型？
  • 根據應用，全球蠟市場是如何分佈的？
  • 全球蠟市場的主要區域有哪些？
  • 全球蠟市場的主要參與者/公司有哪些？

目錄

第1章：前言

第2章：範圍與方法

  • 研究目標
  • 利害關係人
  • 資料來源
    • 主要來源
    • 次要來源
  • 市場評估
    • 自下而上的方法
    • 自上而下的方法
  • 預測方法

第3章：執行摘要

第4章：簡介

  • 概述
  • 主要行業趨勢

第5章：全球蠟市場

  • 市場概覽
  • 市場表現
  • COVID-19的影響
  • 市場預測

第6章：市場細分：依類型

  • 礦物蠟
  • 合成蠟
  • 天然蠟
  • 其他

第7章：市場區隔：依形式

  • 薄片
  • 顆粒
  • 粉末
  • 其他

第 8 章：市場區隔：按應用

  • 蠟燭
  • 化妝品
  • 包裝
  • 乳液
  • 熱熔膠
  • 地板拋光劑
  • 其他

第9章：市場細分：依地區

  • 北美洲
    • 美國
    • 加拿大
  • 亞太
    • 中國
    • 日本
    • 印度
    • 韓國
    • 澳洲
    • 印尼
    • 其他
  • 歐洲
    • 德國
    • 法國
    • 英國
    • 義大利
    • 西班牙
    • 俄羅斯
    • 其他
  • 拉丁美洲
    • 巴西
    • 墨西哥
    • 其他
  • 中東和非洲
    • 市場區隔：依國家

第10章：SWOT分析

  • 概述
  • 優勢
  • 弱點
  • 機會
  • 威脅

第 11 章：價值鏈分析

第 12 章：波特五力分析

  • 概述
  • 買家的議價能力
  • 供應商的議價能力
  • 競爭程度
  • 新進入者的威脅
  • 替代品的威脅

第13章：價格分析

第 14 章：競爭格局

  • 市場結構
  • 關鍵參與者
  • 關鍵參與者簡介
    • Baker Hughes Company
    • BASF SE
    • Cepsa
    • China Petrochemical Corporation
    • Eni SpA
    • Evonik Industries AG
    • Exxon Mobil Corporation
    • HF Sinclair Corporation
    • Honeywell International Inc.
    • Mitsui Chemicals Inc.
    • Nippon Seiro Co. Ltd.
    • Sasol Limited
    • Shell plc
Product Code: SR112025A5717

The global wax market size reached USD 10.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 13.9 Billion by 2033, exhibiting a growth rate (CAGR) of 2.7% during 2025-2033. The market growth is driven by diverse factors, including its widespread applications across different industries, increasing demand for natural and synthetic waxes, advancements in manufacturing technology, and growing awareness of sustainable and eco-friendly wax alternatives.

Wax Market Analysis:

Major Market Drivers: Increasing demand for natural and sustainable waxes due to growing environmental awareness is the prime factor propelling the wax demand. In addition, expanding product applications in the food, packaging, cosmetics, and personal care sectors is opening up profitable prospects for market expansion. Moreover, the rise in urbanization, population growth, and disposable incomes are positively impacting the wax market outlook.

Key Market Trends: Growing preference for natural and organic waxes, fueled by consumer demand for eco-friendly products represents one of the major wax market trends. Furthermore, the growing applications in cosmetics and personal care products, which are propelled by wellness trends and innovative formulations are fostering market expansion. Concurrently, the increasing use of waxes in packaging and food industries to enhance product quality and shelf life is aiding the market growth.

Geographical Trends: The wax market forecast revealed Asia Pacific as a leading region driven by its rapid industrialization, urbanization, and infrastructure development. Furthermore, North America and Europe continue to be significant markets, with established industries and stringent regulations driving demand for specialized waxes. Meanwhile, emerging economies in Latin America and Africa present untapped opportunities for market expansion due to rising consumer demand and growing industries.

Competitive Landscape: Some of the major market players in the wax industry include Baker Hughes Company, BASF SE, Cepsa, China Petrochemical Corporation, Eni S.p.A., Evonik Industries AG, Exxon Mobil Corporation, HF Sinclair Corporation, Honeywell International Inc., Mitsui Chemicals Inc., Nippon Seiro Co. Ltd., Sasol Limited, and Shell plc. among many others.

Challenges and Opportunities: Wax market analysis shows volatility in raw material prices, environmental regulations, and competition from alternative materials are challenging market growth. On the other hand, the wax market recent opportunities lie in continuous innovation and development of sustainable wax products, expansion into emerging markets, and strategic partnerships to access new customers and distribution channels.

Wax Market Trends:

Increasing Demand for Natural and Sustainable Waxes:

The growing demand for sustainable and natural wax products is one of the key trends boosting the global wax market share. Wax derived from renewable sources, like soy, beeswax, and palm wax, is becoming more and more popular among consumers and industries as they become more conscious of environmental issues and choose eco-friendly alternatives. Natural waxes offer several advantages, including biodegradability, non-toxicity, and reduced environmental impact compared to petroleum-based waxes. For instance, In June 2021, Braskem, a Brazilian petrochemical company, expanded its I'm green(TM) product line with a sugarcane ethanol-based bio-PE wax. This eco-friendly addition aligns with Braskem's commitment to sustainability, offering consumers a renewable alternative while reducing environmental impact. Moreover, the preference for natural ingredients in various applications, such as cosmetics, food packaging, and pharmaceuticals, further fuels the demand for natural waxes.

Growing Applications in Cosmetics and Personal Care Products:

Waxes play a crucial role in beauty formulations, particularly in lipsticks, where they comprise 10 to 15% of the content, elevating their melting point. Additionally, waxes offer texture, moisture retention, and glossiness and also improve stability and spreadability, heightening the sensory experience for consumers and highlighting the indispensable role of waxes in contemporary beauty and skincare products. Around 40% of the global beeswax trade serves the cosmetics industry, emphasizing the demand for top-tier, unadulterated beeswax priced between US$4-10/kg. This highlights the profitability of beeswax-related ventures, such as producing local skin ointments. Furthermore, as consumer preferences shift towards natural cosmetics, the market for plant-based waxes is experiencing significant growth, bolstering the wax market revenue.

Expansion of Wax as a Versatility of Gifting:

Candle purchasers widely perceive candles as fitting gifts for various occasions, with 76% considering them ideal for holidays, 74% for housewarmings, 66% for hostess/dinner parties, 61% for expressing gratitude, and 58% for adult birthdays. This broad acceptance emphasizes candles' versatility, offering both practicality and sentimentality. Their ability to evoke warmth and ambiance makes them universally cherished, propelling the market demand. Moreover, wax companies are continuously innovating in scent profiles, designs, and eco-friendly materials, catering to diverse consumer preferences. Candles' status as classic symbols of love and affection keeps the wax market growing by satisfying people's diverse needs for gifts and encouraging ongoing innovation and customer satisfaction.

Wax Market Segmentation:

Breakup by Type:

  • Mineral Wax
  • Synthetic Wax
  • Natural Wax
  • Others

Mineral wax accounts for the majority of the market share

The wax market overview indicates mineral waxes, such as paraffin wax and microcrystalline wax, are prized for their excellent stability, low cost, and versatility, making them indispensable in various sectors. Along with this, it is widely employed across the cosmetics and personal care industry in lipsticks, creams, and lotions due to its ability to impart smooth texture, glossy finish, and long-lasting wear, which is contributing to the market growth. Mineral waxes also function as coatings and sealants for paperboard, cardboard, and food packaging materials in the packaging and food industries, offering moisture resistance and defense against outside influences. Furthermore, the widespread product utilization across the pharmaceutical sector in the production of medicinal ointments, suppositories, and coatings, owing to their inert nature and compatibility with active pharmaceutical ingredients (APIs) is impelling the market growth.

Breakup by Form:

  • Flakes
  • Granules
  • Powder
  • Others

Wax flakes are witnessing a surge in demand due to their convenient handling and versatility across multiple industries. They find extensive use in candle making, cosmetics, and coatings due to their easy melting and blending capabilities. This not only streamlines manufacturing processes but also enhances product quality. Their adaptability makes wax flakes indispensable, contributing significantly to improving efficiency and the overall appeal of finished products in diverse applications.

Besides this, wax granules are increasingly preferred for their consistent size and controlled release characteristics, particularly in sectors like pharmaceuticals, food processing, and industrial applications. Their uniformity enables precise dosing and distribution, crucial for various processes.

Moreover, wax powder's popularity stems from its fine particle size and superior dispersibility, particularly valued in printing inks, paints, and polishes. It delivers smooth textures, exceptional coverage, and impeccable surface finishes, meeting stringent industry standards, which is contributing to its surging demand.

Breakup by Application:

  • Candles
  • Cosmetics
  • Packaging
  • Emulsions
  • Hot Melts
  • Floor Polishes
  • Others

Candles represent the leading market segment.

The growing popularity of candles for decorative, aromatic, and functional purposes across residential, commercial, and hospitality sectors is fueling market growth. National Candle Association revealed that annually, U.S. retail sales of candle products amount to approximately $3.14 billion. Candles serve as versatile and ambient lighting solutions, creating cozy atmospheres in homes, restaurants, hotels, and event venues. According to data from the National Candle Association, candle users predominantly utilize candles in the living room, with 42% reporting it as the most common location for burning candles. Following that, the kitchen with 18% consumption and the bedroom with 13%. Moreover, with the increasing emphasis on wellness and self-care practices, scented candles infused with essential oils are sought after for their therapeutic benefits, promoting relaxation, stress relief, and mood enhancement. Apart from this, the rising trend of personalized and artisanal candles featuring unique designs, colors, and fragrances appeals to discerning consumers seeking premium and customized home decor products.

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Asia Pacific leads the market, accounting for the largest wax market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific represents the largest regional market for wax.

Based on the wax market report, the growing demand for wax in the Asia Pacific region spurred by rapid urbanization, population expansion, and increasing disposable incomes in countries like China, India, and Southeast Asian nations is fueling the market expansion. In particular, the construction and infrastructure industries are witnessing significant growth, fueling the demand for waxes used in coatings, sealants, and waterproofing materials. Besides this, the expanding automotive and packaging industries in the region require waxes for applications such as lubricants, polishes, and packaging coatings, which is further contributing to market growth. Additionally, the rise of the cosmetics and personal care sector, coupled with changing consumer lifestyles and preferences, is driving demand for waxes used in cosmetic formulations and toiletries.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the wax industry include Baker Hughes Company, BASF SE, Cepsa, China Petrochemical Corporation, Eni S.p.A., Evonik Industries AG, Exxon Mobil Corporation, HF Sinclair Corporation, Honeywell International Inc., Mitsui Chemicals Inc., Nippon Seiro Co. Ltd., Sasol Limited, Shell plc, etc.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

The global wax market is characterized by intense competition among key players. These companies compete based on factors such as product quality, innovation, pricing strategies, and geographic reach. They also focus on strategic initiatives such as mergers and acquisitions, partnerships, and product launches to gain a competitive edge and expand their market presence. Additionally, investments in research and development (R&D) are crucial for developing new wax formulations and enhancing existing products to meet evolving customer demands and regulatory requirements. Furthermore, the global wax market also witnesses competition from regional and local players, especially in emerging economies, further intensifying market rivalry and driving continuous innovation and growth in the industry.

Wax Market News:

In March 2022, AWAX s.p.a., a company that specializes in the production, development, and distribution of wax products bought Sasol's Germany-based subsidiary, Sasol Wax GmbH. Through this, AWAX gained two production facilities in Hamburg, Germany, one in Birkenhead, UK, and another in Linz, Austria, all of which operate under the name Hywax.

In January 2021, HollyFrontier Corporation finalized the acquisition of Puget Sound Refinery from Shell Oil Products US for $613.6 million. This acquisition positions HFC in West Coast product markets, boosting its refining operations, as well as the products and services portfolio.

Key Questions Answered in This Report

  • 1.What was the size of the global wax market in 2024?
  • 2.What is the expected growth rate of the global wax market during 2025-2033?
  • 3.What are the key factors driving the global wax market?
  • 4.What has been the impact of COVID-19 on the global wax market?
  • 5.What is the breakup of the global wax market based on the type?
  • 6.What is the breakup of the global wax market based on the application?
  • 7.What are the key regions in the global wax market?
  • 8.Who are the key players/companies in the global wax market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Wax Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Type

  • 6.1 Mineral Wax
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Synthetic Wax
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Natural Wax
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Others
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by Form

  • 7.1 Flakes
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Granules
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Powder
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Others
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast

8 Market Breakup by Application

  • 8.1 Candles
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Cosmetics
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Packaging
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Emulsions
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Hot Melts
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast
  • 8.6 Floor Polishes
    • 8.6.1 Market Trends
    • 8.6.2 Market Forecast
  • 8.7 Others
    • 8.7.1 Market Trends
    • 8.7.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Baker Hughes Company
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 Financials
      • 14.3.1.4 SWOT Analysis
    • 14.3.2 BASF SE
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
      • 14.3.2.4 SWOT Analysis
    • 14.3.3 Cepsa
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 SWOT Analysis
    • 14.3.4 China Petrochemical Corporation
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
    • 14.3.5 Eni S.p.A.
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
      • 14.3.5.4 SWOT Analysis
    • 14.3.6 Evonik Industries AG
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
    • 14.3.7 Exxon Mobil Corporation
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
      • 14.3.7.3 Financials
      • 14.3.7.4 SWOT Analysis
    • 14.3.8 HF Sinclair Corporation
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
      • 14.3.8.3 Financials
      • 14.3.8.4 SWOT Analysis
    • 14.3.9 Honeywell International Inc.
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
    • 14.3.10 Mitsui Chemicals Inc.
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 Financials
      • 14.3.10.4 SWOT Analysis
    • 14.3.11 Nippon Seiro Co. Ltd.
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
      • 14.3.11.3 Financials
    • 14.3.12 Sasol Limited
      • 14.3.12.1 Company Overview
      • 14.3.12.2 Product Portfolio
      • 14.3.12.3 Financials
      • 14.3.12.4 SWOT Analysis
    • 14.3.13 Shell plc
      • 14.3.13.1 Company Overview
      • 14.3.13.2 Product Portfolio
      • 14.3.13.3 Financials

List of Figures

  • Figure 1: Global: Wax Market: Major Drivers and Challenges
  • Figure 2: Global: Wax Market: Sales Value (in Billion USD), 2019-2024
  • Figure 3: Global: Wax Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 4: Global: Wax Market: Breakup by Type (in %), 2024
  • Figure 5: Global: Wax Market: Breakup by Form (in %), 2024
  • Figure 6: Global: Wax Market: Breakup by Application (in %), 2024
  • Figure 7: Global: Wax Market: Breakup by Region (in %), 2024
  • Figure 8: Global: Wax (Mineral Wax) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 9: Global: Wax (Mineral Wax) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 10: Global: Wax (Synthetic Wax) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 11: Global: Wax (Synthetic Wax) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 12: Global: Wax (Natural Wax) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 13: Global: Wax (Natural Wax) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 14: Global: Wax (Other Types) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 15: Global: Wax (Other Types) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 16: Global: Wax (Flakes) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 17: Global: Wax (Flakes) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 18: Global: Wax (Granules) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 19: Global: Wax (Granules) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 20: Global: Wax (Powder) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 21: Global: Wax (Powder) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 22: Global: Wax (Other Forms) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 23: Global: Wax (Other Forms) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 24: Global: Wax (Candles) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 25: Global: Wax (Candles) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 26: Global: Wax (Cosmetics) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 27: Global: Wax (Cosmetics) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 28: Global: Wax (Packaging) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 29: Global: Wax (Packaging) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 30: Global: Wax (Emulsions) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 31: Global: Wax (Emulsions) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 32: Global: Wax (Hot Melts) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 33: Global: Wax (Hot Melts) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 34: Global: Wax (Floor Polishes) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 35: Global: Wax (Floor Polishes) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 36: Global: Wax (Other Applications) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 37: Global: Wax (Other Applications) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 38: North America: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 39: North America: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 40: United States: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 41: United States: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 42: Canada: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 43: Canada: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 44: Asia-Pacific: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 45: Asia-Pacific: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 46: China: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 47: China: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 48: Japan: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 49: Japan: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 50: India: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 51: India: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 52: South Korea: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 53: South Korea: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 54: Australia: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 55: Australia: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 56: Indonesia: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 57: Indonesia: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 58: Others: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 59: Others: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 60: Europe: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 61: Europe: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 62: Germany: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 63: Germany: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 64: France: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 65: France: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 66: United Kingdom: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 67: United Kingdom: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 68: Italy: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 69: Italy: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 70: Spain: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 71: Spain: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 72: Russia: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 73: Russia: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 74: Others: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 75: Others: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 76: Latin America: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 77: Latin America: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 78: Brazil: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 79: Brazil: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 80: Mexico: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 81: Mexico: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 82: Others: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 83: Others: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 84: Middle East and Africa: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 85: Middle East and Africa: Wax Market: Breakup by Country (in %), 2024
  • Figure 86: Middle East and Africa: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 87: Global: Wax Industry: SWOT Analysis
  • Figure 88: Global: Wax Industry: Value Chain Analysis
  • Figure 89: Global: Wax Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Wax Market: Key Industry Highlights, 2024 and 2033
  • Table 2: Global: Wax Market Forecast: Breakup by Type (in Million USD), 2025-2033
  • Table 3: Global: Wax Market Forecast: Breakup by Form (in Million USD), 2025-2033
  • Table 4: Global: Wax Market Forecast: Breakup by Application (in Million USD), 2025-2033
  • Table 5: Global: Wax Market Forecast: Breakup by Region (in Million USD), 2025-2033
  • Table 6: Global: Wax Market: Competitive Structure
  • Table 7: Global: Wax Market: Key Players