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Wax Market

Based on application, the market for wax is divided into candles, packaging, emulsions, hot melts, floor polishes, and others. The candles application was the highest revenue contributor in 2016, accounting for around three-fifths share. This is attributed to increased use of candles in hotels, spa, and other buildings for aromatherapy.<br>Get Sample report here: https://www.alliedmarketresearch.com/request-sample/4576

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Wax Market

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  1. According to a new report published by Allied Market Research, titled, Wax Market by Type, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global wax market was valued at $9,322 million in 2016, and is projected to reach at $11,780 million by 2023, registering a CAGR of 3.4% from 2017 to 2023. WaxMarket

  2. Waxes are a mixture of hydrophobic organic materials that turns into solid state at a temperature of 20C, and melts at temperature higher than 40C up to 140C. Wax offers superior resistance towards temperature. The key sources of producing wax are petroleum, plants, animals, and natural gases. Paraffin/mineral wax, synthetic wax, and natural wax are the three types of waxes available in the market. Based on application, the market for wax is divided into candles, packaging, emulsions, hot melts, floor polishes, and others. The candles application was the highest revenue contributor in 2016, accounting for around three-fifths share. This is attributed to increased use of candles in hotels, spa, and other buildings for aromatherapy.

  3. Market By : Application

  4. Key Findings of the Bioplastics Market: • North America dominated the market both in terms of value and volume • Asia-Pacific is projected to register the highest growth rate from 2016 to 2023. • The LAMEA market contributed one-fifth of the global market revenue in 2016. • U.S. was the highest revenue contributor of the wax market globally in 2016. • China is projected to register the highest growth rate from 2016 to 2023 in the Asia-Pacific wax market.

  5. Leading manufacturers • Dow Corning• Akzo Nobel N.V.• Evonik Industries• Arch Chemicals• BASF SE• Hexion Inc.• Honeywell International• Lubrizol Corporation• The Clorox Company• Momentive Performance Materials

  6. Wax Market by Type (Paraffin/Mineral Wax, Synthetic Wax, and Natural Wax) and Application (Candles, Packaging, Emulsions, Hot Melts, Floor Polishes, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023

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