Industrial Wax Market - Global Outlook & Forecast 2024-2029
상품코드:1489987
리서치사:Arizton Advisory & Intelligence
발행일:2024년 06월
페이지 정보:영문 480 Pages
라이선스 & 가격 (부가세 별도)
한글목차
세계 산업용 왁스 시장 규모는 2023년부터 2029년까지 연평균 5.03%의 연평균 복합 성장률(CAGR)로 확대될 것으로 예상됩니다.
건설 산업의 성장은 신흥국의 인구 증가와 도시화로 인해 인프라 및 주택 건설에 대한 수요가 증가함에 따라 건설 산업의 성장이 촉진되고 있습니다. 왁스는 방수, 밀봉, 윤활 및 표면 마감재와 함께 건설에 사용됩니다. 왁스는 콘크리트, 모르타르, 아스팔트에 첨가되어 작업성을 개선하고 균열을 줄이며 내구성을 향상시킵니다. 전 세계적으로 인프라 개발, 도시 재개발 프로젝트 및 건설 활동에 대한 투자가 증가함에 따라 건설 산업에서 산업용 왁스에 대한 수요는 예측 기간 동안 확대될 것으로 예상됩니다.
전자상거래 산업, 특히 산업용 왁스 시장의 성장은 최근 몇 년동안 큰 추진력을 얻고 있는 다각적인 추세입니다. 온라인 쇼핑의 인기가 점점 더 높아지고 있는 것이 이러한 추세의 주요 원동력이 되고 있습니다. 소비자들은 집에서 편안하게 상품을 구매할 수 있는 편리함 때문에 이전보다 더 많은 소비자들이 전자상거래 플랫폼을 이용하고 있습니다. 이러한 온라인 쇼핑의 급증은 소비자의 집 앞까지 안전하게 상품을 배송하기 위한 포장재에 대한 수요 증가로 이어져 산업용 왁스에 대한 수요를 증가시키고 있습니다. 그러나 이러한 성장으로 인해 플라스틱과 골판지 과다 사용과 같은 기존 포장재가 환경에 미치는 영향에 대한 관심도 높아지고 있습니다. 또한 정부와 규제 기관은 기업들에게 산업용 왁스 시장의 관행을 채택하도록 압력을 가하고 있습니다. 일회용 플라스틱 사용을 줄이고 재활용, 생분해성, 재사용이 가능한 포장재 사용을 장려하는 규제와 정책이 확산되고 있습니다. 따라서 전자상거래 기업들은 규정 준수를 유지하고 잠재적인 벌금과 비난을 피하기 위해 산업용 왁스 시장 솔루션을 채택할 동기를 부여하고 있으며, 전자상거래 산업에서 산업용 왁스는 혁신과 다양화를 촉진하고 있습니다.
이 보고서는 세계 산업용 왁스 시장을 조사했으며, 시장 개요와 함께 제품 유형별/최종 사용자별/지역별 동향, 시장 진출기업 프로파일 등의 정보를 제공합니다.
목차
제1장 범위와 대상 범위
제2장 프리미엄 인사이트
제3장 시장 개요
제4장 서론
제5장 시장 기회와 동향
제6장 시장 성장 촉진요인
제7장 시장 성장 억제요인
제8장 시장 구도
시장 개요
시장 규모와 예측
시장 규모와 예측 수량
Five Forces 분석
제9장 제품 유형
시장 현황과 성장 엔진(금액)
시장 현황과 성장 엔진(수량)
시장 개요
미네랄 기반
합성
바이오
제10장 바이오
제11장 미네랄 기반
제12장 최종사용자
시장 현황과 성장 엔진(금액)
시장 현황과 성장 엔진(수량)
시장 개요
캔들 업계
화장품 업계
제약 업계
자동차 업계
식품 및 음료 업계
포장 업계
항공우주 업계
해운 및 해양 업계
건설 업계
기타
제13장 지역
제14장 북미
제15장 유럽
제16장 아시아태평양
제17장 중동 및 아프리카
제18장 라틴아메리카
제19장 경쟁 구도
경쟁 개요
제20장 주요 기업 개요
EXXON MOBIL
ROYAL DUTCH SHELL PLC
SASOL LIMITED
제21장 기타 주요 벤더
ATLAS ORGANICS PVT LTD
ARTIENCE CO., LTD
BLENDED WAXES INC
BEIJING BIQIANG TRADE CO., LTD
FUSHUN HENGYI PETRO & CHEMICALS CO., LTD
GANDHAR OIL REFIENRY
HF SINCLAIR CORPORATION
HUBEI MYERS PETROCHEMICAL CO., LTD
INDIAN OIL CORPORATION
JUNSEI CHEMICAL CO.,LTD
KISHIDA CHEMICALS CO., LTD
KING HONOR INTERNATIONAL LTD
KERAX
LODHA PETRO
NACALAI TESQUE INC
PETROLEO BRASILEIRO S.A
POTH HILLE & CO., LTD
SHREE SAI CHEMICALS
SINOPEC GROUP
SIGMA CHEMICAL COMPANY
SWASTIKA
THE INTERNATIONAL GROUP INC
제22장 보고서 개요
제23장 정량적 요약
제24장 부록
LSH
영문 목차
영문목차
The global industrial wax market by revenue is expected to grow at a CAGR of 5.03% from 2023-2029.
MARKET TRENDS & DRIVERS
Rise in Investment in the Construction Industry
The growth of the construction industry is fueled by increasing populations and urbanization in emerging nations, leading to a heightened demand for infrastructure and residential construction. Waxes are used in construction and with waterproofing, sealing, lubricating, and surface finishing materials. Waxes are added to concrete, mortar, and asphalt formulations to improve workability, reduce cracking, and enhance durability. With increasing investments in infrastructure development, urban renewal projects, and construction activities worldwide, the demand for industrial wax in the construction industry is expected to grow during the forecasted period.
Increasing Presence of E-Commerce
The growth of the e-commerce industry, particularly in the industrial wax market, is a multifaceted trend that has gained significant momentum in recent years. The ever-increasing popularity of online shopping is the key driver behind this trend. With the convenience of purchasing products from the comfort of their homes, consumers are turning to e-commerce platforms more than ever before. This surge in online shopping has led to a rise in demand for packaging materials to ship products safely to consumers' doorsteps, which has increased the demand for industrial wax in the market. However, this growth has also brought attention to the environmental impact of traditional packaging materials, such as plastic, and excessive use of cardboard. Also, governments and regulatory bodies are pressuring businesses to adopt industrial wax market practices. Regulations and policies promoting the reduction of single-use plastics and encouraging the use of recyclable, biodegradable, or reusable packaging are becoming more prevalent. E-commerce companies are thus motivated to embrace industrial wax market solutions to remain compliant and avoid potential fines or reputational damage. The industrial wax in the e-commerce industry is witnessing innovation and diversification.
SEGMENTATION INSIGHTS
INSIGHTS BY PRODUCT TYPE
The global industrial wax market by product type can be categorized into mineral-based, synthetic, and bio-based. A wide range of industrial waxes can be derived from natural or synthetic sources; these have applications across various industrial sectors such as cosmetics, candles, pharmaceuticals, automotive, and food and beverage. In 2023, the mineral-based segment held the most significant segmental market share. Mineral-based waxes or fossil-based waxes are a byproduct of the refining process of petroleum. The applications of fossil-based waxes are across multiple sectors; for instance, they provide moisture resistance and barrier properties and enhance the appearance of products-for example, wax-coated paperboard packages food products like frozen foods, beverages, and confectionery items.
Segmentation by Product Type
Mineral Based
Synthetic
Bio-Based
INSIGHTS BY BIO-BASED
The global industrial wax market by bio-based is segmented into beeswax, soy wax, carnauba wax, and other waxes. Beeswax is another naturally available wax that is manufactured by bees. Beeswax is a product made in honeycombs of honeybees and other bees that can be extracted from the combs. The beeswax segment holds the most significant segmental share. The applications of beeswax can also be found in the food and beverage industry: white beeswax and absolute beeswax, which can be obtained by treating yellow beeswax with alcohol; these waxes are used as stiffening agents. In the pharmaceutical sector, yellow and white beeswax are used as thickeners, emulsifiers, and stiffening agents in cosmetics. Furthermore, absolute beeswax is used as a fragrance in soaps and perfumes. White beeswax and absolute beeswax are also used to polish pills. Hence, the factors mentioned above are propelling the growth of the beeswax market, which will directly impact the growth of the industrial wax market during the forecasted period.
Segmentation by Bio-Based
Beeswax
Soy Wax
Carnauba Wax
Other Waxes
INSIGHTS BY MINERAL WAXES
The global industrial wax market under the mineral waxes is segmented as paraffin wax, microcrystalline wax, and other waxes. Paraffin wax holds the largest segmental share and is projected to grow at a CAGR of 5.29% in revenue during the forecast period. In the cosmetics industry, paraffin wax, a major component of lotions and hand creams, is regularly used to moisturize the hands and feet. Paraffin wax is a natural emollient. The mineral waxes provide moisture resistance barrier properties and enhance product appearance-for example, wax-coated paperboard packages food products like frozen foods, beverages, and confectionery items. Furthermore, paraffin wax is also known to provide pain relief to sore joints and muscles. Paraffin waxes are also used for other uses, such as lubrication and electrical insulation, and to make candles and crayons. Hence, such applications across multiple sectors will positively impact the growth of the paraffin wax market.
Segmentation by Mineral Waxes
Paraffin Wax
Microcrystalline Wax
Other Waxes
INSIGHTS BY END-USER
The global industrial wax market by end-users is segmented into the candle industry, cosmetics industry, pharmaceutical industry, food & beverage industry, automotive industry, packing industry, aerospace industry, shipping & marine industry, construction industry, and others. The candle industry held the most significant segmental market share in 2023. The candle industry is majorly dependent on wax as the major raw material for candle manufacturing, and more than 80% of the final product is made of wax. Furthermore, multiple types of waxes are used in the cosmetics industry. Some widely used waxes are carnauba, beeswax, paraffin wax, acetyl, microcrystalline waxes, etc. Their application in the sector varies depending on the need. For instance, various brands and types of lip balm use a variety of waxes that can be used for manufacturing. Beeswax is one of the majorly used waxes for lip balm. Lanolin and paraffin are also used to manufacture lip balm. These waxes are used for their softening properties. Furthermore, waxes also provide the product with a waxy feel and help protect, soften, and soothe chapped lips.
Segmentation by End-users
Candle Industry
Cosmetics Industry
Pharmaceutical Industry
Food & Beverage Industry
Automotive Industry
Packing Industry
Aerospace Industry
Shipping & Marine Industry
Construction Industry
Other Industries
GEOGRAPHICAL ANALYSIS
APAC holds the most significant share of the global industrial wax market, valued at over USD 4 billion in 2023. The region holds a substantial share as the cosmetics, pharmaceutical, and automotive sectors are increasing significantly due to continuous industrialization, low-cost labor, and the availability of raw materials, fueling the demand for industrial wax in the region. The region is also home to various developing countries, such as India, China, South Korea, and Indonesia. Governments of these developing countries introduced policies that attract foreign investment to promote industrial development. In addition, governments also offered subsidies and incentives under FDI policies. Such factors collectively are projected to support the regional market growth.
Segmentation by Geography
North America
The U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
APAC
China
Japan
India
Australia
South Korea
Middle East & Africa
Saudi Arabia
South Africa
UAE
Turkey
Latin America
Brazil
Mexico
Argentina
Chile
COMPETITOR LANDSCAPE
The global industrial wax market is characterized by high market concentration, with high competition among the players. The vendors must look for sustainable manufacturing methods as many manufacturers are innovating new techniques to reduce the power consumed and improve the quality simultaneously. The present scenario drives vendors to alter and refine their unique value proposition to achieve a strong market presence. Currently, the industrial wax market is moderately fragmented and is dominated by vendors such as Exxon Mobil, Royal Dutch Shell, Sino Pec, and HF Sinclair Corporation. All these major vendors have a global presence in three major geographical regions: North America, APAC, and Europe. Further, some of the recent developments in the global industrial wax market include:
ExxonMobil Corporation is set to launch a new brand line for its wax business. The new brand will be named Prowax and commence operations on April 1, 2024. The company aims to provide a more differentiated product range to meet customers' evolving needs. The launch of Prowax demonstrates a strategic intent to invest in the future of wax, creating a scalable naming convention for new offerings.
The South African energy & chemical company Sasol sold its German subsidiary Sasol Wax GmbH to AWAX S.P.A., an international group specialized in developing, producing, and distributing wax products.
In 2022, Saudi Top Trading Co. and Rabigh Refining and Petrochemical Co., also known as Petro Rabigh, signed a memorandum of understanding (MoU) to build a plastics factory in the Rabigh Plastics Technology Complex. The project is valued at USD 26.59 million. The factory will be 34,000 square meters and produce 50,000 tons of polymer compounds, rubber, and waxes annually, with feedstock from Petro Rabigh.
Key Company Profiles
ExxonMobil
Royal Dutch Shell PLC
Sasol Limited
Other Prominent Vendors
Sinopec Group
Blended Waxes Inc.
HF Sinclair Corporation
Petroleo Brasileiro S.A
artience Co., Ltd.
Gandhar Oil Refinery
Junsei Chemical Co., Ltd.
KISHIDA CHEMICAL Co., Ltd.
Fushun HengYI Petro & Chemical Co. Ltd.
Poth Hille & Co Ltd
Indian Oil Corporation
Shree Sai Chemicals
BEIJING BIQIANG TRADE CO., LTD
Atlas Organics Private Limited
King Honor International Ltd.
Hubei Myers Petrochemical Co., Ltd
Sigma Chemical Company
Swastika
Kearx
Lodha Petro
NACALAI TESQUE, INC.
The International Group, Inc.
KEY QUESTIONS ANSWERED:
1.What are the significant trends in the industrial wax market?
2.What is the growth rate of the global industrial wax market?
3.Which region dominates the global industrial wax market share?
4.Who are the key players in the global industrial wax market?
5.How big is the industrial wax market?
TABLE OF CONTENTS
1 SCOPE & COVERAGE
1.1 MARKET DEFINITION
1.1.1 INCLUSIONS
1.1.2 EXCLUSIONS
1.1.3 MARKET ESTIMATION CAVEATS
1.2 MARKET SEGMENTATION
1.3 MARKET DEFINITION BY PRODUCT TYPE
1.4 MARKET DEFINITION BY BIO-BASED WAXES
1.5 MARKET DEFINITION BY MINERAL-BASED WAXES
1.6 MARKET DEFINITION BY END-USERS
1.7 REGIONS & COUNTRIES COVERED
1.7.1 BASE YEAR
1.8 MARKET DERIVATION
2 PREMIUM INSIGHTS
2.1 OPPORTUNITY POCKETS
2.2 OVERVIEW
2.2.1 GROWTH OF E-COMMERCE INDUSTRY
2.2.2 GROWTH IN CANDLE INDUSTRY
2.2.3 GROWING F&B INDUSTRY
2.3 PRODUCT TYPE
2.4 BIO-BASED
2.5 MINERAL WAXES
2.6 END-USER
2.7 COMPETITOR LANDSCAPE
2.7.1 VENDOR INSIGHTS
3 MARKET AT A GLANCE
4 INTRODUCTION
4.1 OVERVIEW
4.2 MANUFACTURING PROCESS
4.2.1 PARAFFIN WAXES
4.2.2 BIO-BASED WAXES
4.2.3 SYNTHETIC WAXES
4.3 TECHNOLOGICAL ADVANCES IN WAX MANUFACTURING
4.4 IMPORT & EXPORT STATISTICS
4.5 CONSUMER PREFERENCES IN CANDLE INDUSTRY
4.6 CANDLE FIRE STATISTICS
5 MARKET OPPORTUNITIES & TRENDS
5.1 GROWING COSMETICS INDUSTRY
5.2 RISE IN INVESTMENT IN THE CONSTRUCTION INDUSTRY
5.3 INCREASING PRESENCE OF E-COMMERCE
5.4 GROWING DEMAND FOR NATURAL AND RENEWABLE WAXES
6 MARKET GROWTH ENABLERS
6.1 GROWING INVESTMENTS IN PHARMACEUTICAL INDUSTRY
6.2 GROWTH IN CANDLE INDUSTRY
6.3 GROWTH IN F&B INDUSTRY
7 MARKET RESTRAINTS
7.1 CRUDE OIL PRICE FLUCTUATIONS
7.2 ENVIRONMENTAL CONCERNS WHILE MANUFACTURING OR EXTRACTING
