デフォルト表紙
市場調査レポート
商品コード
1722715

ワックス市場レポート:タイプ、形状、用途、地域別、2025-2033年

Wax Market Report by Type (Mineral Wax, Synthetic Wax, Natural Wax, and Others), Form (Flakes, Granules, Powder, and Others), Application (Candles, Cosmetics, Packaging, Emulsions, Hot Melts, Floor Polishes, and Others), and Region 2025-2033


出版日
発行
IMARC
ページ情報
英文 145 Pages
納期
2~3営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=146.32円
ワックス市場レポート:タイプ、形状、用途、地域別、2025-2033年
出版日: 2025年05月01日
発行: IMARC
ページ情報: 英文 145 Pages
納期: 2~3営業日
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  • 概要
  • 図表
  • 目次
概要

世界のワックス市場規模は2024年に109億米ドルに達しました。今後、IMARC Groupは、市場は2033年までに139億米ドルに達し、2025年から2033年にかけて2.7%の成長率(CAGR)を示すと予測しています。市場成長の原動力は、様々な産業分野への応用、天然・合成ワックス需要の増加、製造技術の進歩、持続可能で環境に優しいワックス代替品への意識の高まりなど、様々な要因による。

ワックス市場の分析:

主な市場促進要因:環境意識の高まりによる天然ワックスや持続可能なワックスへの需要の増加は、ワックスの需要を促進する主な要因です。また、食品、包装、化粧品、パーソナルケア分野での製品用途の拡大が、市場拡大の有益な展望を開いています。さらに、都市化、人口増加、可処分所得の増加がワックス市場の展望にプラスの影響を与えています。

主な市場動向:環境に優しい製品を求める消費者の需要に後押しされ、天然ワックスやオーガニックワックスへの嗜好が高まっていることは、ワックス市場の主要動向の一つです。さらに、化粧品やパーソナルケア製品への応用が拡大しており、ウェルネス動向や革新的な配合が市場拡大を後押ししています。同時に、製品の品質と保存性を高めるために包装や食品産業でワックスの使用が増加していることも、市場の成長を後押ししています。

地理的動向:ワックス市場予測では、アジア太平洋地域が急速な工業化、都市化、インフラ開拓を牽引する主要地域であることが明らかになりました。さらに、北米と欧州は引き続き重要な市場であり、確立された産業と厳しい規制が特殊ワックスの需要を促進しています。一方、ラテンアメリカとアフリカの新興国は、消費者需要の高まりと産業の成長により、市場拡大の未開拓の機会をもたらしています。

競合情勢:ワックス業界の主な市場プレイヤーには、Baker Hughes Company、BASF SE、Cepsa、China Petrochemical Corporation、Eni S.p.A.、Evonik Industries AG、Exxon Mobil Corporation、HF Sinclair Corporation、Honeywell International Inc.、三井化学株式会社、日本精蝋株式会社、Sasol Limited、Sasol Limitedなどがあります。

課題と機会:ワックス市場分析によると、原材料価格の変動、環境規制、代替材料との競合が市場成長の課題となっています。一方、ワックス市場の最近の動向は、持続可能なワックス製品の絶え間ない革新と開発、新興国市場への拡大、新規顧客と流通チャネルにアクセスするための戦略的パートナーシップにあります。

ワックス市場の動向:

天然で持続可能なワックスへの需要の高まり:

持続可能で自然なワックス製品に対する需要の高まりは、ワックスの世界市場シェアを押し上げる主要動向の一つです。大豆、蜜蝋、パームワックスなど再生可能な資源を原料とするワックスは、消費者や産業界が環境問題を意識し、環境に優しい代替品を選ぶようになるにつれ、ますます人気が高まっています。天然ワックスには、生分解性、無毒性、石油系ワックスに比べて環境負荷が少ないなどの利点があります。例えば、2021年6月、ブラジルの石油化学会社であるブラスケムは、サトウキビエタノールベースのバイオPEワックスでI'm green(TM)製品ラインを拡大しました。この環境にやさしい製品は、ブラスケムの持続可能性へのコミットメントに沿うもので、消費者に再生可能な代替品を提供すると同時に、環境への影響を軽減します。さらに、化粧品、食品包装、医薬品など様々な用途で天然成分が好まれることが、天然ワックスの需要をさらに押し上げています。

化粧品とパーソナルケア製品における用途の拡大:

ワックスは美容製剤、特に口紅において重要な役割を果たし、その含有量は10~15%を占め、融点を上昇させる。さらに、ワックスはテクスチャー、保湿性、光沢を与え、安定性とのびを改善し、消費者の感覚的体験を高め、現代の美容・スキンケア製品におけるワックスの不可欠な役割を際立たせています。世界の蜜蝋取引の約40%は化粧品業界向けであり、1kgあたり4~10米ドルの最高級の無添加蜜蝋の需要が強調されています。このことは、地元の皮膚軟膏の生産など、蜜蝋関連事業の収益性を浮き彫りにしています。さらに、消費者の嗜好が自然化粧品にシフトするにつれて、植物ベースのワックス市場は大きな成長を遂げており、ワックス市場の収益を強化しています。

贈答品の多様性としてのワックスの拡大:

キャンドル購入者の76%が「ホリデー」、74%が「新築祝い」、66%が「おもてなし・食事会」、61%が「感謝の気持ち」、58%が「大人の誕生日」と、様々なシーンでキャンドルをギフトとして捉えています。このように幅広い層に受け入れられていることは、実用性と情緒性を兼ね備えたキャンドルの万能性を強調しています。また、温かみのある雰囲気を演出するキャンドルは普遍的な存在であり、市場の需要を後押ししています。さらに、ワックス企業は、香りのプロファイル、デザイン、環境に優しい素材において絶えず革新を続け、多様な消費者の嗜好に対応しています。愛と愛情の古典的なシンボルとしてのキャンドルの地位は、人々のギフトに対する多様なニーズを満たし、継続的な革新と顧客満足を促すことにより、ワックス市場を成長させ続けています。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査の目的
  • ステークホルダー
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要業界動向

第5章 世界のワックス市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳:タイプ別

  • 鉱物
  • 合成
  • 天然
  • その他

第7章 市場内訳:形態別

  • フレーク
  • 顆粒
  • その他

第8章 市場内訳:用途別

  • キャンドル
  • 化粧品
  • パッケージ
  • エマルジョン
  • ホットメルト
  • フロアポリッシュ
  • その他

第9章 市場内訳:地域別

  • 北米
    • 米国
    • カナダ
  • アジア太平洋地域
    • 中国
    • 日本
    • インド
    • 韓国
    • オーストラリア
    • インドネシア
    • その他
  • 欧州
    • ドイツ
    • フランス
    • 英国
    • イタリア
    • スペイン
    • ロシア
    • その他
  • ラテンアメリカ
    • ブラジル
    • メキシコ
    • その他
  • 中東・アフリカ
    • 市場内訳:国別

第10章 SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第11章 バリューチェーン分析

第12章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第13章 価格分析

第14章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • Baker Hughes Company
    • BASF SE
    • Cepsa
    • China Petrochemical Corporation
    • Eni S.p.A.
    • Evonik Industries AG
    • Exxon Mobil Corporation
    • HF Sinclair Corporation
    • Honeywell International Inc.
    • Mitsui Chemicals Inc.
    • Nippon Seiro Co. Ltd.
    • Sasol Limited
    • Shell plc
図表

List of Figures

  • Figure 1: Global: Wax Market: Major Drivers and Challenges
  • Figure 2: Global: Wax Market: Sales Value (in Billion USD), 2019-2024
  • Figure 3: Global: Wax Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 4: Global: Wax Market: Breakup by Type (in %), 2024
  • Figure 5: Global: Wax Market: Breakup by Form (in %), 2024
  • Figure 6: Global: Wax Market: Breakup by Application (in %), 2024
  • Figure 7: Global: Wax Market: Breakup by Region (in %), 2024
  • Figure 8: Global: Wax (Mineral Wax) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 9: Global: Wax (Mineral Wax) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 10: Global: Wax (Synthetic Wax) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 11: Global: Wax (Synthetic Wax) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 12: Global: Wax (Natural Wax) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 13: Global: Wax (Natural Wax) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 14: Global: Wax (Other Types) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 15: Global: Wax (Other Types) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 16: Global: Wax (Flakes) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 17: Global: Wax (Flakes) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 18: Global: Wax (Granules) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 19: Global: Wax (Granules) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 20: Global: Wax (Powder) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 21: Global: Wax (Powder) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 22: Global: Wax (Other Forms) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 23: Global: Wax (Other Forms) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 24: Global: Wax (Candles) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 25: Global: Wax (Candles) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 26: Global: Wax (Cosmetics) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 27: Global: Wax (Cosmetics) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 28: Global: Wax (Packaging) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 29: Global: Wax (Packaging) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 30: Global: Wax (Emulsions) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 31: Global: Wax (Emulsions) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 32: Global: Wax (Hot Melts) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 33: Global: Wax (Hot Melts) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 34: Global: Wax (Floor Polishes) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 35: Global: Wax (Floor Polishes) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 36: Global: Wax (Other Applications) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 37: Global: Wax (Other Applications) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 38: North America: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 39: North America: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 40: United States: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 41: United States: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 42: Canada: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 43: Canada: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 44: Asia-Pacific: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 45: Asia-Pacific: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 46: China: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 47: China: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 48: Japan: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 49: Japan: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 50: India: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 51: India: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 52: South Korea: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 53: South Korea: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 54: Australia: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 55: Australia: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 56: Indonesia: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 57: Indonesia: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 58: Others: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 59: Others: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 60: Europe: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 61: Europe: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 62: Germany: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 63: Germany: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 64: France: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 65: France: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 66: United Kingdom: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 67: United Kingdom: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 68: Italy: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 69: Italy: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 70: Spain: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 71: Spain: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 72: Russia: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 73: Russia: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 74: Others: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 75: Others: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 76: Latin America: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 77: Latin America: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 78: Brazil: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 79: Brazil: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 80: Mexico: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 81: Mexico: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 82: Others: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 83: Others: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 84: Middle East and Africa: Wax Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 85: Middle East and Africa: Wax Market: Breakup by Country (in %), 2024
  • Figure 86: Middle East and Africa: Wax Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 87: Global: Wax Industry: SWOT Analysis
  • Figure 88: Global: Wax Industry: Value Chain Analysis
  • Figure 89: Global: Wax Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Wax Market: Key Industry Highlights, 2024 and 2033
  • Table 2: Global: Wax Market Forecast: Breakup by Type (in Million USD), 2025-2033
  • Table 3: Global: Wax Market Forecast: Breakup by Form (in Million USD), 2025-2033
  • Table 4: Global: Wax Market Forecast: Breakup by Application (in Million USD), 2025-2033
  • Table 5: Global: Wax Market Forecast: Breakup by Region (in Million USD), 2025-2033
  • Table 6: Global: Wax Market: Competitive Structure
  • Table 7: Global: Wax Market: Key Players
目次
Product Code: SR112025A5717

The global wax market size reached USD 10.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 13.9 Billion by 2033, exhibiting a growth rate (CAGR) of 2.7% during 2025-2033. The market growth is driven by diverse factors, including its widespread applications across different industries, increasing demand for natural and synthetic waxes, advancements in manufacturing technology, and growing awareness of sustainable and eco-friendly wax alternatives.

Wax Market Analysis:

Major Market Drivers: Increasing demand for natural and sustainable waxes due to growing environmental awareness is the prime factor propelling the wax demand. In addition, expanding product applications in the food, packaging, cosmetics, and personal care sectors is opening up profitable prospects for market expansion. Moreover, the rise in urbanization, population growth, and disposable incomes are positively impacting the wax market outlook.

Key Market Trends: Growing preference for natural and organic waxes, fueled by consumer demand for eco-friendly products represents one of the major wax market trends. Furthermore, the growing applications in cosmetics and personal care products, which are propelled by wellness trends and innovative formulations are fostering market expansion. Concurrently, the increasing use of waxes in packaging and food industries to enhance product quality and shelf life is aiding the market growth.

Geographical Trends: The wax market forecast revealed Asia Pacific as a leading region driven by its rapid industrialization, urbanization, and infrastructure development. Furthermore, North America and Europe continue to be significant markets, with established industries and stringent regulations driving demand for specialized waxes. Meanwhile, emerging economies in Latin America and Africa present untapped opportunities for market expansion due to rising consumer demand and growing industries.

Competitive Landscape: Some of the major market players in the wax industry include Baker Hughes Company, BASF SE, Cepsa, China Petrochemical Corporation, Eni S.p.A., Evonik Industries AG, Exxon Mobil Corporation, HF Sinclair Corporation, Honeywell International Inc., Mitsui Chemicals Inc., Nippon Seiro Co. Ltd., Sasol Limited, and Shell plc. among many others.

Challenges and Opportunities: Wax market analysis shows volatility in raw material prices, environmental regulations, and competition from alternative materials are challenging market growth. On the other hand, the wax market recent opportunities lie in continuous innovation and development of sustainable wax products, expansion into emerging markets, and strategic partnerships to access new customers and distribution channels.

Wax Market Trends:

Increasing Demand for Natural and Sustainable Waxes:

The growing demand for sustainable and natural wax products is one of the key trends boosting the global wax market share. Wax derived from renewable sources, like soy, beeswax, and palm wax, is becoming more and more popular among consumers and industries as they become more conscious of environmental issues and choose eco-friendly alternatives. Natural waxes offer several advantages, including biodegradability, non-toxicity, and reduced environmental impact compared to petroleum-based waxes. For instance, In June 2021, Braskem, a Brazilian petrochemical company, expanded its I'm green(TM) product line with a sugarcane ethanol-based bio-PE wax. This eco-friendly addition aligns with Braskem's commitment to sustainability, offering consumers a renewable alternative while reducing environmental impact. Moreover, the preference for natural ingredients in various applications, such as cosmetics, food packaging, and pharmaceuticals, further fuels the demand for natural waxes.

Growing Applications in Cosmetics and Personal Care Products:

Waxes play a crucial role in beauty formulations, particularly in lipsticks, where they comprise 10 to 15% of the content, elevating their melting point. Additionally, waxes offer texture, moisture retention, and glossiness and also improve stability and spreadability, heightening the sensory experience for consumers and highlighting the indispensable role of waxes in contemporary beauty and skincare products. Around 40% of the global beeswax trade serves the cosmetics industry, emphasizing the demand for top-tier, unadulterated beeswax priced between US$4-10/kg. This highlights the profitability of beeswax-related ventures, such as producing local skin ointments. Furthermore, as consumer preferences shift towards natural cosmetics, the market for plant-based waxes is experiencing significant growth, bolstering the wax market revenue.

Expansion of Wax as a Versatility of Gifting:

Candle purchasers widely perceive candles as fitting gifts for various occasions, with 76% considering them ideal for holidays, 74% for housewarmings, 66% for hostess/dinner parties, 61% for expressing gratitude, and 58% for adult birthdays. This broad acceptance emphasizes candles' versatility, offering both practicality and sentimentality. Their ability to evoke warmth and ambiance makes them universally cherished, propelling the market demand. Moreover, wax companies are continuously innovating in scent profiles, designs, and eco-friendly materials, catering to diverse consumer preferences. Candles' status as classic symbols of love and affection keeps the wax market growing by satisfying people's diverse needs for gifts and encouraging ongoing innovation and customer satisfaction.

Wax Market Segmentation:

Breakup by Type:

  • Mineral Wax
  • Synthetic Wax
  • Natural Wax
  • Others

Mineral wax accounts for the majority of the market share

The wax market overview indicates mineral waxes, such as paraffin wax and microcrystalline wax, are prized for their excellent stability, low cost, and versatility, making them indispensable in various sectors. Along with this, it is widely employed across the cosmetics and personal care industry in lipsticks, creams, and lotions due to its ability to impart smooth texture, glossy finish, and long-lasting wear, which is contributing to the market growth. Mineral waxes also function as coatings and sealants for paperboard, cardboard, and food packaging materials in the packaging and food industries, offering moisture resistance and defense against outside influences. Furthermore, the widespread product utilization across the pharmaceutical sector in the production of medicinal ointments, suppositories, and coatings, owing to their inert nature and compatibility with active pharmaceutical ingredients (APIs) is impelling the market growth.

Breakup by Form:

  • Flakes
  • Granules
  • Powder
  • Others

Wax flakes are witnessing a surge in demand due to their convenient handling and versatility across multiple industries. They find extensive use in candle making, cosmetics, and coatings due to their easy melting and blending capabilities. This not only streamlines manufacturing processes but also enhances product quality. Their adaptability makes wax flakes indispensable, contributing significantly to improving efficiency and the overall appeal of finished products in diverse applications.

Besides this, wax granules are increasingly preferred for their consistent size and controlled release characteristics, particularly in sectors like pharmaceuticals, food processing, and industrial applications. Their uniformity enables precise dosing and distribution, crucial for various processes.

Moreover, wax powder's popularity stems from its fine particle size and superior dispersibility, particularly valued in printing inks, paints, and polishes. It delivers smooth textures, exceptional coverage, and impeccable surface finishes, meeting stringent industry standards, which is contributing to its surging demand.

Breakup by Application:

  • Candles
  • Cosmetics
  • Packaging
  • Emulsions
  • Hot Melts
  • Floor Polishes
  • Others

Candles represent the leading market segment.

The growing popularity of candles for decorative, aromatic, and functional purposes across residential, commercial, and hospitality sectors is fueling market growth. National Candle Association revealed that annually, U.S. retail sales of candle products amount to approximately $3.14 billion. Candles serve as versatile and ambient lighting solutions, creating cozy atmospheres in homes, restaurants, hotels, and event venues. According to data from the National Candle Association, candle users predominantly utilize candles in the living room, with 42% reporting it as the most common location for burning candles. Following that, the kitchen with 18% consumption and the bedroom with 13%. Moreover, with the increasing emphasis on wellness and self-care practices, scented candles infused with essential oils are sought after for their therapeutic benefits, promoting relaxation, stress relief, and mood enhancement. Apart from this, the rising trend of personalized and artisanal candles featuring unique designs, colors, and fragrances appeals to discerning consumers seeking premium and customized home decor products.

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Asia Pacific leads the market, accounting for the largest wax market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific represents the largest regional market for wax.

Based on the wax market report, the growing demand for wax in the Asia Pacific region spurred by rapid urbanization, population expansion, and increasing disposable incomes in countries like China, India, and Southeast Asian nations is fueling the market expansion. In particular, the construction and infrastructure industries are witnessing significant growth, fueling the demand for waxes used in coatings, sealants, and waterproofing materials. Besides this, the expanding automotive and packaging industries in the region require waxes for applications such as lubricants, polishes, and packaging coatings, which is further contributing to market growth. Additionally, the rise of the cosmetics and personal care sector, coupled with changing consumer lifestyles and preferences, is driving demand for waxes used in cosmetic formulations and toiletries.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the wax industry include Baker Hughes Company, BASF SE, Cepsa, China Petrochemical Corporation, Eni S.p.A., Evonik Industries AG, Exxon Mobil Corporation, HF Sinclair Corporation, Honeywell International Inc., Mitsui Chemicals Inc., Nippon Seiro Co. Ltd., Sasol Limited, Shell plc, etc.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

The global wax market is characterized by intense competition among key players. These companies compete based on factors such as product quality, innovation, pricing strategies, and geographic reach. They also focus on strategic initiatives such as mergers and acquisitions, partnerships, and product launches to gain a competitive edge and expand their market presence. Additionally, investments in research and development (R&D) are crucial for developing new wax formulations and enhancing existing products to meet evolving customer demands and regulatory requirements. Furthermore, the global wax market also witnesses competition from regional and local players, especially in emerging economies, further intensifying market rivalry and driving continuous innovation and growth in the industry.

Wax Market News:

In March 2022, AWAX s.p.a., a company that specializes in the production, development, and distribution of wax products bought Sasol's Germany-based subsidiary, Sasol Wax GmbH. Through this, AWAX gained two production facilities in Hamburg, Germany, one in Birkenhead, UK, and another in Linz, Austria, all of which operate under the name Hywax.

In January 2021, HollyFrontier Corporation finalized the acquisition of Puget Sound Refinery from Shell Oil Products US for $613.6 million. This acquisition positions HFC in West Coast product markets, boosting its refining operations, as well as the products and services portfolio.

Key Questions Answered in This Report

  • 1.What was the size of the global wax market in 2024?
  • 2.What is the expected growth rate of the global wax market during 2025-2033?
  • 3.What are the key factors driving the global wax market?
  • 4.What has been the impact of COVID-19 on the global wax market?
  • 5.What is the breakup of the global wax market based on the type?
  • 6.What is the breakup of the global wax market based on the application?
  • 7.What are the key regions in the global wax market?
  • 8.Who are the key players/companies in the global wax market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Wax Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Type

  • 6.1 Mineral Wax
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Synthetic Wax
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Natural Wax
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Others
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by Form

  • 7.1 Flakes
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Granules
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Powder
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Others
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast

8 Market Breakup by Application

  • 8.1 Candles
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Cosmetics
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Packaging
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Emulsions
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Hot Melts
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast
  • 8.6 Floor Polishes
    • 8.6.1 Market Trends
    • 8.6.2 Market Forecast
  • 8.7 Others
    • 8.7.1 Market Trends
    • 8.7.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Baker Hughes Company
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 Financials
      • 14.3.1.4 SWOT Analysis
    • 14.3.2 BASF SE
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
      • 14.3.2.4 SWOT Analysis
    • 14.3.3 Cepsa
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 SWOT Analysis
    • 14.3.4 China Petrochemical Corporation
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
    • 14.3.5 Eni S.p.A.
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
      • 14.3.5.4 SWOT Analysis
    • 14.3.6 Evonik Industries AG
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
    • 14.3.7 Exxon Mobil Corporation
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
      • 14.3.7.3 Financials
      • 14.3.7.4 SWOT Analysis
    • 14.3.8 HF Sinclair Corporation
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
      • 14.3.8.3 Financials
      • 14.3.8.4 SWOT Analysis
    • 14.3.9 Honeywell International Inc.
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
    • 14.3.10 Mitsui Chemicals Inc.
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 Financials
      • 14.3.10.4 SWOT Analysis
    • 14.3.11 Nippon Seiro Co. Ltd.
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
      • 14.3.11.3 Financials
    • 14.3.12 Sasol Limited
      • 14.3.12.1 Company Overview
      • 14.3.12.2 Product Portfolio
      • 14.3.12.3 Financials
      • 14.3.12.4 SWOT Analysis
    • 14.3.13 Shell plc
      • 14.3.13.1 Company Overview
      • 14.3.13.2 Product Portfolio
      • 14.3.13.3 Financials