EUROPE INDUSTRIAL WAX MARKET FORECAST 2020-2028

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EUROPE INDUSTRIAL WAX MARKET FORECAST 2020-2028

The European industrial wax market is predicted to reach a CAGR of 3.73% over the forecast period of 2020-2028. In terms of consumption, Europe is the third important market after the Asia Pacific, owing to the rising demand for wax. Due to the economic slowdown and mature market, the market is expected to experience slow growth compared to other regions. One of the major reasons augmenting market growth is the growing environmental awareness related to the harmful effects of mineral-based waxes. The industrial wax market of Europe is surveyed further by segregating the region into countries such as Germany, Italy, the UK, Russia, Poland, France, Belgium, and the rest of Europe. In the UK, the vigorous industrial infrastructure and improved lifestyle of the population are propelling the market.

EUROPE INDUSTRIAL WAX MARKET FORECAST 2020-2028

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The European industrial wax market is predicted to reach a CAGR of 3.73% over the forecast period of 2020-2028. In terms of consumption, Europe is the third important market after the Asia Pacific, owing to the rising demand for wax. Due to the economic slowdown and mature market, the market is expected to experience slow growth compared to other regions. One of the major reasons augmenting market growth is the growing environmental awareness related to the harmful effects of mineral-based waxes.

Europe Industrial Wax Market

The industrial wax market of Europe is surveyed further by segregating the region into countries such as Germany, Italy, the UK, Russia, Poland, France, Belgium, and the rest of Europe. In the UK, the vigorous industrial infrastructure and improved lifestyle of the population are propelling the market. The growth rate of applications like the candle, food, cosmetics, and personal care is increasing. Packaging is one of the major applications. The concern of the consumers for the planet and waste reduction results in brands trying to create greener packaging or packaging alternatives, thereby increasing the demands for industrial wax. Germany is a prominent player in the cosmetics industry both in terms of production and consumption. The demand for small packaging is growing cosmetics and personal care industry, and this growth will boost the market in Germany.

In countries like France, the candle is the largest application, followed by packaging and others. The rise in demand for industrial wax in applications like tire and rubber is attributed to the large automotive and aerospace industry in the country. In Italy, the prevalence of various trends prevailing in the market is driving the packaging industry. The packaging with bio-based materials such as bio-based industrial wax is gaining impetus in the market.

Evonik Industries AG, headquartered in Essen, Germany, is a leader in the development of specialty chemicals, resource efficiency, nutrition and car, performance materials, and services. It is one of the most innovative companies, and its product portfolio includes VESTOWAX® Fischer-Tropsch-Waxes.

 

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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
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • RUSSIA
      • BELGIUM
      • POLAND
      • REST OF EUROPE
  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: 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)

  1. GEOGRAPHICAL ANALYSIS
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • RUSSIA
      • BELGIUM
      • POLAND
      • REST OF EUROPE
  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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