The North America industrial wax market is estimated to grow considerably and record a CAGR of 4.69% during the forecast period. The region of North America is an important market for industrial wax. The region accounts for the largest market share of industrial wax globally. Increasing demand from multiple applications such as candles, cosmetics and personal care, tire & rubber, and hot melt adhesive are driving the market. In order to understand the potential of the North America industrial wax market, the market region is divided into the US and Canada. The US accounts for the largest share of the industrial wax market in North America. The growing demand for packaging and candle applications is expected to boost the industrial wax market.
NORTH AMERICA INDUSTRIAL WAX MARKET FORECAST 2020-2028
The North America industrial wax market is estimated to grow considerably and record a CAGR of 4.69% during the forecast period 2020-2028. The region of North America is an important market for industrial wax. The region accounts for the largest market share of industrial wax globally. Increasing demand from multiple applications such as candles, cosmetics and personal care, tire & rubber, and hot melt adhesive are driving the market.
In order to understand the potential of the North America industrial wax market, the market region is divided into the US and Canada. The US accounts for the largest share of the industrial wax market in North America. The growing demand for packaging and candle applications is expected to boost the industrial wax market. A substantial portion of industrial wax is imported from countries like China and others. The continuous reduction in the capacities of wax production is leading to the use of FT wax by industrial wax users. The increasing acceptance of FT wax instead of paraffin wax is driving the demand for synthetic wax. There is a supply gap created due to shut down of Group I base oil, which is providing huge possibilities for bio-based and synthetic wax in the market. The FT waxes have the ability to replace paraffin wax and fill up the space vacated by the reduction in the supply of paraffin wax. Therefore, synthetic wax is predicted to grow at a faster pace than fossil-based wax. The rise in the adoption of bio-based and synthetic wax will propel the growth of the industrial wax market in the United States.
International Group Inc., founded in Toronto, Ontario, Canada, offers a wide range of synthetic, petroleum, and non-petroleum wax products. The company has 75 years of expertise. The product portfolio includes IGI 2281A, IGI 1230A, IGI 1236A, etc.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES `
- MARKET OVERVIEW
- MARKET DYNAMICS
- PARENT MARKET ANALYSIS: WAX MARKET
- MARKET DEFINITION
- KEY DRIVERS
- RISING DEMAND FROM MULTIPLE APPLICATIONS
- INCREASING ACCEPTANCE OF SYNTHETIC WAXES
- TECHNOLOGY CHANGES IN THE WAX MARKET
- GROWING POPULATION AND INCREASING PER CAPITA INCOME
- KEY RESTRAINTS
- SHRINKING SUPPLY OF PARAFFIN WAX
- INCREASING PRICES OF SYNTHETIC AND BIO-BASED WAXES
- DECLINING USE OF FOSSIL BASED WAX IN PACKAGING INDUSTRY
- KEY ANALYTICS
- KEY INVESTMENT INSIGHTS
- PORTER’S FIVE FORCE ANALYSIS
- BUYER POWER
- SUPPLIER POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- VALUE CHAIN ANALYSIS
- MARKET BY TYPE
- FOSSIL BASED WAXES
- SYNTHETIC BASED WAXES
- BIO-BASED WAXES
- MARKET BY APPLICATION
- CANDLES
- PACKAGING
- COATINGS & POLISHES
- HOT MELT ADHESIVES
- TIRES & RUBBER
- COSMETICS & PERSONAL CARE
- FOOD
- OTHER APPLICATIONS
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- UNITED STATES
- CANADA
- NORTH AMERICA
- COMPANY PROFILES
- SINOPEC CORP.
- ROYAL DUTCH SHELL PLC
- EVONIK INDUSTRIES
- EXXON MOBIL CORP
- SASOL LTD.
- LUKOIL
- NUMALIGARH REFINERY LTD.
- HONG CHANG INTERNATIONAL
- THE BLAYSON GROUP LTD.
- INTERNATIONAL GROUP INC.
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – INDUSTRIAL WAX
TABLE 2: NORTH AMERICA INDUSTRIAL WAX MARKET, BY TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 3: NORTH AMERICA INDUSTRIAL WAX MARKET, BY TYPE, FORECAST YEARS, 2020-2028 (IN $ MILLION))
TABLE 4: NORTH AMERICA INDUSTRIAL WAX MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 5: NORTH AMERICA INDUSTRIAL WAX MARKET, BY APPLICATION, FORECAST YEARS, 2020-2028 (IN $ MILLION))
TABLE 6: NORTH AMERICA INDUSTRIAL WAX MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 7: NORTH AMERICA INDUSTRIAL WAX MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)
LIST OF FIGURES
FIGURE 1: KEY INVESTMENT INSIGHTS
FIGURE 2: PORTER’S FIVE FORCE ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: NORTH AMERICA INDUSTRIAL WAX MARKET, GROWTH POTENTIAL, BY TYPE, IN 2019
FIGURE 6: NORTH AMERICA INDUSTRIAL WAX MARKET, BY FOSSIL BASED WAXES, 2020-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA INDUSTRIAL WAX MARKET, BY SYNTHETIC BASED WAXES, 2020-2028 (IN $ MILLION)
FIGURE 8: NORTH AMERICA INDUSTRIAL WAX MARKET, BY BIO-BASED WAXES, 2020-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA INDUSTRIAL WAX MARKET, GROWTH POTENTIAL, BY DEPLOYMENT MODEL, IN 2019
FIGURE 10: NORTH AMERICA INDUSTRIAL WAX MARKET, BY CANDLES, 2020-2028 (IN $ MILLION
FIGURE 11: NORTH AMERICA INDUSTRIAL WAX MARKET, BY PACKAGING, 2020-2028 (IN $ MILLI
FIGURE 12: NORTH AMERICA INDUSTRIAL WAX MARKET, BY COATINGS & POLISHES, 2020-2028 (IN $ MILLION)
FIGURE 13: NORTH AMERICA INDUSTRIAL WAX MARKET, BY HOT MELT ADHESIVES, 2020-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA INDUSTRIAL WAX MARKET, BY TIRES & RUBBER, 2020-2028 (IN $ MILLION)
FIGURE 15: NORTH AMERICA INDUSTRIAL WAX MARKET, BY COSMETICS & PERSONAL CARE, 2020-2028 (IN $ MILLION)
FIGURE 16: NORTH AMERICA INDUSTRIAL WAX MARKET, BY FOOD, 2020-2028 (IN $ MILLION)
FIGURE 17: NORTH AMERICA INDUSTRIAL WAX MARKET, BY OTHER APPLICATIONS, 2020-2028 (IN $ MILLION)
FIGURE 18: NORTH AMERICA INDUSTRIAL WAX MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 19: UNITED STATES INDUSTRIAL WAX MARKET, 2020-2028 (IN $ MILLION)
FIGURE 20: CANADA INDUSTRIAL WAX MARKET, 2020-2028 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- UNITED STATES
- CANADA
- NORTH AMERICA
- MARKET BY TYPE
- FOSSIL BASED WAXES
- SYNTHETIC BASED WAXES
- BIO-BASED WAXES
- MARKET BY APPLICATION
- CANDLES
- PACKAGING
- COATINGS & POLISHES
- HOT MELT ADHESIVES
- TIRES & RUBBER
- COSMETICS & PERSONAL CARE
- FOOD
- OTHER APPLICATIONS
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We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.