Global Wax Market Outlook to 2022: Key Players are BASF, ExxonMobil Corporation, General Electric, Honeywell International, Royal Dutch Shell, and Sasol - ResearchAndMarkets.com

September 11, 2018

DUBLIN--(BUSINESS WIRE)--Sep 11, 2018--The “Global Wax Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.

The global wax market is expected to generate a revenue of close to USD 14 billion by 2022.

One trend in the market is effective use of recycled plastics in wax production. Plastics have posted a threat to the environment and human health as they are either burnt or dumped in barren lands. Various governments are encouraging the recycling of plastics as they can be used to manufacture wax. According to the report, one driver in the market is growing demand for synthetic and vegetable waxes. In terms of product, the global wax market has been segmented into PB, synthetic, and natural or bio-based wax. PB waxes led the global wax market with the highest share in 2017; however, a decline in the supply of PB waxes is expected to affect their demand during the forecast period. Further, the report states that one challenge in the market is fluctuations in prices of crude oil. Waxes are available in different types such as PB, synthetic, and natural. PB wax is obtained from lube-oil refining, which, in turn, is derived from crude oil. The fluctuation in the prices of crude oil has an adverse effect on the prices of raw materials, thereby affecting the costs of PB wax.Market TrendsEffective Use of Recycled Plastics in Wax ProductionShift in Preference Toward Synthetic and Natural Waxes

Key Vendors

BASFExxonMobil CorporationGeneral ElectricHoneywell InternationalRoyal Dutch ShellSasol

Key Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Market Landscape

5. Market Sizing

6. Five Forces Analysis

7. Market Segmentation by Application

8. Market Segmentation by Product

9. Customer Landscape

10. Regional Landscape

11. Decision Framework

12. Drivers and Challenges

13. Market Trends

14. Vendor Landscape

15. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/v76qbs/global_wax_market?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180911005443/en/

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Related Topics:Wax



SOURCE: Research and Markets

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PUB: 09/11/2018 08:25 AM/DISC: 09/11/2018 08:25 AM


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