USD 3.1 billion
North America Wax Emulsion Market Size, Share, Growth Analysis, By Type(Polyethylene, Polypropylene, Paraffin, Carnauba), By Application(Paints & Coatings, Adhesives &Sealants, Cosmetics, Textiles), By Region - Industry Forecast 2024-2031
Report ID:
SQMIR15E2518 |
Region:
Regional |
Published Date: April, 2024
Pages:
165
|Tables:
72
|Figures:
75
North America Wax Emulsion Market Insights
North America Wax Emulsion Market size was valued at USD 3.1 billion in 2019 and is poised to grow from USD 3.23 billion in 2023 to USD 4.68 billion by 2031, growing at a CAGR of 4.2% in the forecast period (2024-2031).
A wax emulsion is a mixture of waxes, emulsifying agents, water, and other things like stabilizers, oils, fungicides, and insecticides in different proportions. Emulsions can be made with waxes that are derived from nature or labs. Depending on what kind of emulsifier is used to make them, wax emulsions can either be non-ionic or ionic. Wax emulsions are used in many different industries, such as paints and coatings, adhesives and sealants, cosmetics, and textiles. Rising demand from the paints, adhesives, and sealants industry is driving the demand for wax emulsions. These products are easy to use, friendly to the environment, have small particles, and provide anti-blocking, slip & mobility, abrasion resistance, water repellency, touch & feel, matting agent, and black heel marks. This has led to a huge demand in the paints and coatings industry, which is expected to drive the North American wax emulsion market during the analysis period.
North America Wax Emulsion Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Paraffin
Fastest Growth
Paraffin
Growth Rate
4.2% CAGR
North America wax emulsion Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
To get more reports on the above market click here to Buy The Report
North America Wax Emulsion Market Segmental Analysis
The North American wax emulsion Market is segmented based on type, application, and region. Based on type, the market is segmented into polyethylene, polypropylene, paraffin, carnauba, and others. Based on application, the market is segmented into paints & coatings, adhesives &sealants, cosmetics, textiles, ceramics, pulp & paper, agriculture, building & construction, rubber, and others. Based on region, the North American wax emulsion market is segmented into Canada and US.
North America Wax Emulsion Market Analysis by Type
The North American wax emulsion market is divided into polyethylene, polypropylene, paraffin, carnauba, and others. The paraffin segment dominated the market for wax emulsion in the year 2021 and is expected to grow steadily throughout the analysis period. Increasing demand for products like leather, paper, printer ink, and polishes are some of the major factors driving the demand for paraffin in the north American wax emulsion market during the analysis period. Also, the increasing use of natural emulsions like paraffin for coating fruits, vegetables, and candies to retain their external texture and reduce loss of moisture is a major factor in growing demand. These are some of the key reasons that will propel the North American wax emulsion market growth during the analysis period.
North America Wax Emulsion Market Analysis by Application
In 2021, the paint and coatings segment accounted for more than 32% of market revenue. Due to their capacity to prevent wear and tear and rusting, wax emulsions in the paint and coating industry are in great demand. Construction, automotive, electrical, electronics, and industrial production sectors make use of wax-emulsified paint and coatings to improve the texture and feel of their products. Rapid urbanization and increased maintenance and renovation of older buildings and structures, as well as increased usage of paint and coatings in the automotive industry, are predicted to increase the demand for these products in North America.
North America wax emulsion Market By Type, 2021 (%)
To get detailed analysis on other segments, Request For Free Sample Report
North America Wax Emulsion Market Regional Insights
In 2021, the US accounted for more than 58% of the revenue share for the wax emulsion market. Increasing production of candles over the past decade and growing demand for scented wax candles for Christmas and other holiday sessions are the major driving factors for the industry in the region. This accounts for more than 35% of all other products sold during the same period. Regular weekly use of scented candles in the majority of households in the US region is a major boost for the wax emulsion market during the forecast period. In addition, the cosmetics industry is forecast to see a rise in demand for paraffin wax as a result of the rising demand for self-care products in the US. The expansion of the Canadian market will be spurred by the increasing demand for packaging in the food and beverage, consumer products, pharmaceutical, and e-commerce sectors. The packaging industry in Canada is divided into several sectors, of which the largest are flexible packaging and paperboard. These are some of the major drivers for the North American wax emulsion market during the analysis period.
North America wax emulsion Market By Geography, 2022 - 2028
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
North America Wax Emulsion Market Dynamics
North America Wax Emulsion Market Driver
The growing personal care and cosmetic industry is a major driver for the North American wax emulsion market.
- Growing demand for cosmetics and personal care products in a developed country attracts major investment and R&D into the sector which will propel the demand for the raw materials used in the manufacturing process this raw material contains paraffin wax which will propel the demand for the wax emulsion in the North American region throughout the forecast period.
North America Wax Emulsion Market Restraint
Availability of raw materials and supply chain are the major restraints for market growth.
- The North American wax emulsion is a highly price-sensitive market and it completely depends on the price of the raw materials. Price fluctuations and availability of raw materials are the major factors that can restrain the market and slow down the market growth during the analysis period.
Request Free Customization of this report to help us to meet your business objectives.
North America Wax Emulsion Market Competitive Landscape
The North American wax emulsion market is relatively fragmented, with a high level of competition. Few large players, like Michelman, Inc., PMC crystal, and Lubrizol Corporation, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
North America Wax Emulsion Market Top Player’s Company Profiles
- BASF SE
- ExxonMobil Chemical Company
- Nippon Seiro Co., Ltd.
- Chevron Phillips Chemical Company LLC
- Clariant AG
- Dow Inc.
- Huntsman Corporation
- Michelman, Inc.
- Momentive Performance Materials Inc.
- Omya International AG
- Repsol S.A.
- Sasol Limited
- SCG Chemicals Co., Ltd.
- Lubrizol Corporation
- PQ Corporation
- Hexion Inc.
- Croda International Plc
- Petróleo Brasileiro S.A.
- Baker Hughes, a GE company LLC
- Wacker Chemie AG
North America Wax Emulsion Market Recent Developments
- In August 2022, Michelman Inc. announced its environmentally friendly solutions to help grow food and keep it fresh, make cars lighter and more fuel efficient, and protect our homes from the weather. These solutions protect and improve the materials that make up our world.
- In February 2022, Michelman Inc. announced their multi-functional coatings for paper, film, and foil to reduce the need for complex, costly, and unrecyclable multi-layer structures, allowing for recyclable, and industrially compostable packaging utilizing homogenous mono-material structures. Michem® Flex, HydraBan®, and VaporCoat® offer water, oil, and grease resistance, low-temperature heat seal, and good ink adhesion in PFAS-free solutions, including food contact alternatives.
North America Wax Emulsion Key Market Trends
- Wax emulsion is an important component used in the production of crayons, explosives, fabric finishes, metal coatings, paint and varnish removers, candle making, and polishes, among other things because of its ability to blend well with these things. Manufacturers of these products are spending money on research and development (R&D) to come up with ways to get rid of crude oil and make products naturally in a way that is good for the environment. This is done to improve the product so that it can be used in a variety of industrial and regular use. These are the latest trend in the wax emulsion market and is expected to propel eh market growth during the analysis period.
North America Wax Emulsion Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, increasing demand from the paints, adhesives, and sealants industry is driving the demand for wax emulsions. The North American wax emulsion market is divided into polyethylene, polypropylene, paraffin, carnauba, and others. Increasing demand for products like leather, paper, printer ink, and polishes are some of the major factors driving the growth of the market during the analysis period. The North American wax emulsion market is predicted to increase during the analysis period of 2021. Rapid urbanization and increased maintenance and renovation of older buildings and structures, as well as increased usage of paint and coatings in the automotive industry, are predicted to boost the demand for these products in North America. Increasing production of candles over the past decade and growing demand for scented wax candles for Christmas are major driving factors for the industry in the region. The expansion of the Canadian market will be spurred by the increasing demand for packaging in the food and beverage, consumer products, pharmaceutical, and e-commerce sectors.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 3.1 billion |
| Market size value in 2031 | USD 4.68 billion |
| Growth Rate | 4.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on North America Wax Emulsion Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on North America Wax Emulsion Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the North America Wax Emulsion Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the North America Wax Emulsion Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the North America Wax Emulsion Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the North America Wax Emulsion Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
