Waxes Market 2018 Application, Manufacturers, Market Share, Growth Opportunities, Regions Analysis


Waxes Market covers worldwide information and accurate data about Waxes Industry, with a complete study of market-based on market drivers, market challenges, future trends. Waxes market also provides analysis by type, application, regions, manufacturers, technology, new entrants, raw materials analysis, manufacturing process.

Global Waxes market is projected to reach a CAGR of XX% between 2018 and 2023.

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Top Manufacturers in Waxes Market: – BP p.l.c, Calumet Specialty Products Partners, L.P, Cepsa, China National Petroleum Corporation, China Petroleum & Chemical Corporation, Eni S.p.A., Exxon Mobil Corporation, H&R Group, Ilumina Wax d.o.o., Marathon Oil Company, Naftowax.pl, Nippon Siero Co.,Ltd., Petrobras, Petro‐Canada Lubricants Inc., Royal Dutch Shell Plc, Sasol, The International Group, Inc. and many more.

Waxes Market Dynamics

  • Drivers
    – High Demand from the Cosmetics Industry
    – Increasing Use of Scented and Decorative Luxury Candles across the Globe
    – Shifting Focus toward Synthetic and Vegetable Waxes
  • Restraints
    – Discontinuation and Closure of Group I Base Oil Refineries
    – Other Restraints
  • Opportunities
    – Upcoming Gas to Liquid (GTL) Refineries in various Regions, including North America and Europe
    – Increasing Use of Mineral Wax in Rubber Production

    Key Developments in the Waxes Market:
    February 2018: Sasol completed its USD 1.1 billion FT Wax Expansion Project (FTWEP) and successfully commissioned Phase 2 of wax expansion plant.
    April 2017: Sinopec (China Petroleum & Chemical Corporation) agreed to acquire BP PLC’s 50% stake in SECCO for USD 1.68 billion.

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    Geographical Regions: – China, India, Japan, South Korea, ASEAN Countries, Rest of Asia-Pacific, US , Canada, Mexico, Rest of North America, Germany, UK, Italy, France, Nordic Countries, Rest of Europe, Brazil, Argentina, Rest of South America, Saudi Arabia, South Africa, Rest of Middle-East and Africa.

    Reasons to Purchase Waxes Market Report Covered:

    • The report examines how Waxes market will develop in the future.
    • Studying various views of the Waxes market with the help of Porter’s five forces analysis.
    • Analyzing the product type that is probably to control the market and regions that are likely to witness the fastest development during the forecast period
    • Identify the new developments, Waxes market shares and strategies employed by the key market players.
    • Competitive landscape including the market share of major players along with the key strategies accepted for growth in the past five years
    • Complete company profiles covering the product offerings, key financial information, current developments, SWOT analysis and strategies employed by the major Waxes market players

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    Waxes Market drives a strong trend of R&D investments in this industry. Other growth drivers include the need to curtail costs, growth and increased use of shifting commodity prices, the strength of private label brands and increased competition from players in Waxes market.