Wax Market Scope, Product Development, Economic Growth, Emerging Trends And Global Size Analysis By Forecast To 2028Posted by rahul nikade on December 29th, 2022 Wax Industry Overview The global wax market size was valued at USD 9.8 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030. The demand for the product is anticipated to be driven by the growing demand in various industries because of its superior properties such as high gloss, good water repellency, and outstanding chemical resistance. The market is highly competitive in nature owing to the major involvement of multinationals in constant capacity expansion and product diversification and innovation. To sustain in this competitive market type, companies are undergoing several strategic planning and execution programs to increase their operational efficiency and increase market presence globally. Gather more insights about the market drivers, restrains and growth of the Global Wax Market Wax finds major applications in coating and printing formulations. It is highly utilized in paint, coating, and printing ink industries owing to its features scratch as mark and scratch resistance, rub resistance, and water repellency. It is applied as an additive to a variety of inks including letterpress, lithographic, gravure, and flexographic. Other functions of wax in the coating and ink industry include in blockage, improvement in friction, anti-setting, and anti-sagging. Waxes are the members of organic compounds that are malleable and hydrophobic solids at ambient temperatures. It includes lipids and higher alkanes that are insoluble in water but are soluble in nonpolar, organic solvents. Various wax products including mineral, natural, and synthetic wax are produced from petroleum-based products such as base oil and natural gas, chemicals such as polyethylene, and plants and animals. Browse through Grand View Research's Petrochemicals Industry Research Reports.
Wax Market Segmentation Grand View Research has segmented the global wax market on the basis of basis of product type, application, and region: Wax Product Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Wax Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Wax Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Key Companies profiled: Some prominent players in the global wax market include
Order a free sample PDF of the Wax Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Like it? Share it!More by this author
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