ASIA PACIFIC INDUSTRIAL WAX MARKET FORECAST 2020-2028

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ASIA PACIFIC INDUSTRIAL WAX MARKET FORECAST 2020-2028

The industrial wax market of Asia Pacific is the fastest growing market and anticipated to reach the highest CAGR of 5.25% over the projected period of 2020-2028. The significant factors contributing to the growth of the market are rapid industrialization and rising demand from various applications. The Asia Pacific industrial wax market is analyzed further by segregating the region into China, India, Thailand, South Korea, Japan, Vietnam, Australia & New Zealand, Indonesia, and the rest of Asia Pacific. In China, market growth is driven by foreign investments because of raw materials availability and cheap labor.

ASIA PACIFIC INDUSTRIAL WAX MARKET FORECAST 2018-2026

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The industrial wax market of Asia Pacific is the fastest growing market and anticipated to reach the highest CAGR of 5.25% over the projected period of 2020-2028. The significant factors contributing to the growth of the market are rapid industrialization and rising demand from various applications.

Asia Pacific Industrial Wax Market

The Asia Pacific industrial wax market is analyzed further by segregating the region into China, India, Thailand, South Korea, Japan, Vietnam, Australia & New Zealand, Indonesia, and the rest of Asia Pacific. In China, market growth is driven by foreign investments because of raw materials availability and cheap labor. China is the largest paraffin wax exporter in the world. The increasing synthetic wax supply is predicted to balance the decreased paraffin wax supply. Japan’s industrial wax market is matured and a well-developed industry. The bio-based and synthetic wax market is estimated to grow owing to growing awareness, availability of skilled manpower, and technology. High per capita income is leading to market growth in the country.

India is an emerging country for the industrial wax market. The growing population is expected to drive the cosmetic and personal care demand, subsequently increasing the industrial wax demand in the candle application. The growing automotive industry is propelling the demand for rubber & tire in India. South Korea has some of the largest and advanced oil refineries in the world despite its lack of domestic energy resources. The oil and natural gas companies are asserting on overseas exploration and production opportunities, which will increase industrial wax production.

Numaligarh Refinery Ltd., headquartered in Assam, India, is a leading paraffin wax manufacturer in India. Some of the major products manufactured by the company are LPG, Naptha, High Speed Diesel, Sulphur, among other products.

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  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES `
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • PARENT MARKET ANALYSIS: WAX MARKET
    • MARKET DEFINITION
    • KEY DRIVERS
      • RISING DEMAND FROM MULTIPLE APPLICATIONS
      • INCREASING ACCEPTANCE OF SYNTHETIC WAXES
      • TECHNOLOGY CHANGES IN THE WAX MARKET
      • GROWING POPULATION AND INCREASING PER CAPITA INCOME
    • KEY RESTRAINTS
      • SHRINKING SUPPLY OF PARAFFIN WAX
      • INCREASING PRICES OF SYNTHETIC AND BIO-BASED WAXES
      • DECLINING USE OF FOSSIL BASED WAX IN PACKAGING INDUSTRY
  1. KEY ANALYTICS
    • KEY INVESTMENT INSIGHTS
    • PORTER’S FIVE FORCE ANALYSIS
      • BUYER POWER
      • SUPPLIER POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
  2. MARKET BY TYPE
    • FOSSIL BASED WAXES
    • SYNTHETIC BASED WAXES
    • BIO-BASED WAXES
  3. MARKET BY APPLICATION
    • CANDLES
    • PACKAGING
    • COATINGS & POLISHES
    • HOT MELT ADHESIVES
    • TIRES & RUBBER
    • COSMETICS & PERSONAL CARE
    • FOOD
    • OTHER APPLICATIONS
  4. GEOGRAPHICAL ANALYSIS
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA & NEW ZEALAND
      • THAILAND
      • INDONESIA
      • VIETNAM
      • REST OF ASIA PACIFIC
  1. COMPANY PROFILES
    • SINOPEC CORP.
    • ROYAL DUTCH SHELL PLC
    • EVONIK INDUSTRIES
    • EXXON MOBIL CORP
    • SASOL LTD.
    • LUKOIL
    • NUMALIGARH REFINERY LTD.
    • HONG CHANG INTERNATIONAL
    • THE BLAYSON GROUP LTD.
    • 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)

  1. GEOGRAPHICAL ANALYSIS
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA & NEW ZEALAND
      • THAILAND
      • INDONESIA
      • VIETNAM
      • REST OF ASIA PACIFIC
  1. MARKET BY TYPE
    • FOSSIL BASED WAXES
    • SYNTHETIC BASED WAXES
    • BIO-BASED WAXES
  2. MARKET BY APPLICATION
    • CANDLES
    • PACKAGING
    • COATINGS & POLISHES
    • HOT MELT ADHESIVES
    • TIRES & RUBBER
    • COSMETICS & PERSONAL CARE
    • FOOD
    • OTHER APPLICATIONS

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