NORTH AMERICA INDUSTRIAL WAX MARKET FORECAST 2018-2026

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NORTH AMERICA INDUSTRIAL WAX MARKET FORECAST 2018-2026

North America is the most developed market for industrial wax, owing to the availability of superior quality of infrastructure and technology. The region is also leading in product innovation and research and development for the industrial wax. Continuing its dominance in the global market, the North America industrial wax market is anticipated to rise with a CAGR of 4.61% over the forecast period of 2018-2026.

NORTH AMERICA INDUSTRIAL WAX MARKET FORECAST 2018-2026

North America Industrial Wax Market by Type(Fossil Based Waxes, Bio-based Waxes) by Application (Candles, Packaging, Food, Coatings & Polishes, Hot Melt Adhesives, Tyres & Rubber, Cosmetics & Personal Care) & by Geography

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North America is the most developed market for industrial wax, owing to the availability of superior quality of infrastructure and technology. The region is also leading in product innovation and research and development for the industrial wax. Continuing its dominance in the global market, the North America industrial wax market is anticipated to rise with a CAGR of 4.61% over the forecast period of 2018-2026.

North America Industrial Wax Market

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 Earlier, industrial wax enjoyed immense popularity in the packaging applications. However, the trend is shifting towards candle making application of waxes in the North American region. New developments in candles such as different scented candles, colored candles and other attractive changes to improve aesthetics of candles are increasing the market demand. The U.S. is the largest market for industrial wax in this region, followed by the Canada industrial wax market. In both these countries, fossil-based waxes are immensely popular. These include mineral wax and petroleum wax, which are largely used in the coatings of commercial products.

The key companies in the North America industrial wax market are Numaligarh Refinery Ltd., Sinopec Corp, The Blayson Group Ltd., Royal Dutch Shell Plc, International Group Inc., Exxon Mobil Corp, Lukoil PJSC, Evonik Industries, Sasol Ltd., Oil Co., and HCI.

 

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  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • COSMETICS INDUSTRY TO EMERGE AS LUCRATIVE APPLICATION SEGMENT IN FUTURE
      • NORTH AMERICA DOMINATES THE INDUSTRIAL WAX MARKET
      • FOSSIL BASED WAX DOMINATES THE MARKET, BUT SYNTHETIC WAX TO SHOW A RAPID GROWTH
  1. MARKET DETERMINANTS
    • MARKET DRIVERS
      • RISING DEMAND FROM APPLICATIONS SUCH AS CANDLE, TYRE & RUBBER, AND COATING & POLISHES
      • INCREASING ACCEPTANCE OF SYNTHETIC WAXES
      • TECHNOLOGY CHANGES IN THE WAX MARKET
    • RESTRAINTS
      • SHRINKING SUPPLY OF PARAFFIN WAX
      • INCREASING PRICES OF SYNTHETIC AND BIO-BASED WAXES
    • OPPORTUNITIES
      • GROWING DEMAND FOR UNCONVENTIONAL WAXES
      • GROWING NORTH AMERICAN IMPORTS OF INDUSTRIAL WAX
    • MARKET CHALLENGES
      • TO MEET THE GROWING DEMAND FOR PARAFFIN WAX
      • DECLINING USE OF FOSSIL BASED WAX IN PACKAGING INDUSTRY IN NORTH AMERICA
  1. MARKET BY TYPE
    • FOSSIL BASED WAXES
    • SYNTHETIC WAXES
    • BIO-BASED WAXES
  2. MARKET BY APPLICATION
    • CANDLES
    • PACKAGING
    • FOOD
    • COATINGS & POLISHES
    • HOT MELT ADHESIVES
    • TYRES AND RUBBER
    • COSMETICS AND PERSONAL CARE
    • OTHERS (AGRICULTURE, PRINTING INKS)
  3. KEY ANALYTICS
    • PORTER’S 5 FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF BUYERS.
      • BARGAINING POWER OF SUPPLIERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • VALUE CHAIN ANALYSIS
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
  1. COMPANY PROFILES
    • SINOPEC CORP.
    • ROYAL DUTCH SHELL PLC
    • EVONIK INDUSTRIES
    • EXXON MOBIL CORP
    • SASOL LTD.
    • OIL CO. LOKOIL PJSC
    • NUMALIGARH REFINERY LTD.
    • HCI
    • THE BLAYSON GROUP LTD.
    • INTERNATIONAL GROUP INC.

 

LIST OF TABLES

TABLE  1      NORTH AMERICA INDUSTRIAL WAX MARKET, BY COUNTRY 2018-2026 ($ MILLION)

TABLE  2      VALUE CHAIN ANALYSIS OF INDUSTRIAL WAX MARKET

TABLE  3      OPPORTUNITY MATRIX

TABLE  4      VENDOR LANDSCAPE

TABLE  5      NORTH AMERICA INDUSTRIAL WAX MARKET, BY COUNTRY, 2018-2026 ($ MILLION)

 

LIST OF FIGURES

FIGURE  1    COSMETIC INDUSTRY MARKET SIZE, 2018-2026, (USD MILLION)

FIGURE  2    NORTH AMERICA: INDUSTRIAL WAX MARKET SIZE, 2018-2026, (USD MILLION)

FIGURE  3    FOSSIL BASED WAX: MARKET SIZE, 2018-2026, (USD MILLION)

FIGURE 4     NORTH AMERICA INDUSTRIAL WAX MARKET, BY FOSSIL BASED WAXES, 2018-2026 (IN $ MILLION)

FIGURE  5    NORTH AMERICA INDUSTRIAL WAX MARKET, BY SYNTHETIC WAX, 2018-2026 (IN $ MILLION)

FIGURE  6    NORTH AMERICA INDUSTRIAL WAX MARKET, BY BIO-BASED WAXES, 2018-2026 (IN $ MILLION)

FIGURE  7    NORTH AMERICA INDUSTRIAL WAX MARKET SHARE, BY APPLICATION 2018-2026 (%)

FIGURE  8    NORTH AMERICA INDUSTRIAL WAX MARKET, BY CANDLES, 2018-2026 (IN $ MILLION)

FIGURE  9    NORTH AMERICA INDUSTRIAL WAX MARKET, BY PACKAGING 2018-2026 (IN $ MILLION)

FIGURE  10  NORTH AMERICA INDUSTRIAL WAX MARKET, BY FOOD, 2018-2026 (IN $ MILLION)

FIGURE  11  NORTH AMERICA INDUSTRIAL WAX MARKET, BY COATINGS AND POLISHES, 2018-2026 (IN $ MILLION)

FIGURE  12  NORTH AMERICA INDUSTRIAL WAX MARKET, BY HOT MELT ADHESIVES, 2018-2026 (IN $ MILLION)

FIGURE  13  NORTH AMERICA INDUSTRIAL WAX MARKET, BY TYRES AND RUBBERS, 2018-2026 (IN $ MILLION)

FIGURE  14  NORTH AMERICA INDUSTRIAL WAX MARKET, BY COSMETICS AND PERSONAL CARE, 2018-2026 (IN $ MILLION)

FIGURE  15  NORTH AMERICA INDUSTRIAL WAX MARKET, BY OTHER APPLICATION, 2018-2026 (IN $ MILLION)

FIGURE  16  NORTH AMERICA INDUSTRIAL WAX MARKET SHARE, REGIONAL OUTLOOK 2017 & 2026 (%)

FIGURE  17  UNITED STATES INDUSTRIAL WAX MARKET 2018-2026 ($ MILLION)

FIGURE  18  CANADA INDUSTRIAL WAX MARKET 2018-2026 ($ MILLION)

  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
  1. MARKET BY TYPE
    • FOSSIL BASED WAXES
    • SYNTHETIC WAXES
    • BIO-BASED WAXES
  2. MARKET BY APPLICATION
    • CANDLES
    • PACKAGING
    • FOOD
    • COATINGS & POLISHES
    • HOT MELT ADHESIVES
    • TYRES AND RUBBER
    • COSMETICS AND PERSONAL CARE
    • OTHERS (AGRICULTURE, PRINTING INKS)

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