What is the global market size of Wax Market?

Wax Market size was valued at USD 9.69 billion in 2021 and is poised to grow from USD 10.1 billion in 2022 to USD 14.16 billion by 2030, growing at a CAGR of 4.3% in the forecast period (2023-2030).

Who are the key vendors in the Global Wax Market?

Global wax market is fairly concentrated with a few big and medium-sized market participants accounting for a large portion of of the overall wax market revenue. Wherein, China National Petroleum Corporation, Exxon Mobil Corporation, Sasol, and Evonik Industries are holding prominent position in the global market. 'Sasol Limited', 'ExxonMobil Corporation', 'Royal Dutch Shell plc', 'Total SA', 'China National Petroleum Corporation (CNPC)', 'Lukoil', 'Sinopec Corp', 'BASF SE', 'Clariant AG', 'Evonik Industries AG', 'Honeywell International Inc.', 'The International Group, Inc.', 'The Dow Chemical Company', 'Nippon Seiro Co., Ltd.', 'The Lubrizol Corporation', 'Akzo Nobel N.V.', 'The Blayson Group Ltd.', 'Calumet Specialty Products Partners, L.P.', 'Koster Keunen, Inc.', 'Micro Powders, Inc.'

Wax Companies

Wax Market Competitive Landscape

Wax Market Top Players Company Profiles

Sinopec Corp
China National Petroleum Corporation
HollyFrontier Corporation
BP P.L.C
Nippon Seiro Co., Ltd
Baker Hughes Company
Exxon Mobil Corporation
Sasol Limited
The International Group, Inc.
Evonik Industries AG
BASF SE
Dow
Honeywell International Inc.
Royal Dutch Shell P.L.C
Mitsui Chemicals, Inc.
Akzo Nobel N.V.
The Blayson Group Ltd.
Calumet Specialty Products Partners, L.P.
Koster Keunen, Inc.
Micro Powders, Inc.

Wax Market

FAQs

Global Wax Market size was valued at USD 9.69 billion in 2022 and is poised to grow from USD 10.1 billion in 2023 to USD 14.16 billion by 2031, growing at a CAGR of 4.3% in the forecast period (2024-2031).

Global wax market is fairly concentrated with a few big and medium-sized market participants accounting for a large portion of of the overall wax market revenue. Wherein, China National Petroleum Corporation, Exxon Mobil Corporation, Sasol, and Evonik Industries are holding prominent position in the global market. 'Sinopec Corp ', 'China National Petroleum Corporation ', 'HollyFrontier Corporation ', 'BP P.L.C ', 'Nippon Seiro Co., Ltd ', 'Baker Hughes Company ', 'Exxon Mobil Corporation ', 'Sasol Limited ', 'The International Group, Inc. ', 'Evonik Industries AG ', 'BASF SE ', 'Dow ', 'Honeywell International Inc. ', 'Royal Dutch Shell P.L.C ', 'Mitsui Chemicals, Inc. ', 'Akzo Nobel N.V. ', 'The Blayson Group Ltd. ', 'Calumet Specialty Products Partners, L.P. ', 'Koster Keunen, Inc. ', 'Micro Powders, Inc.'

Growing demand for aromatherapy through scented candles and their easy availability in a variety of sizes, shapes, and product range like birthday, taper, utility, teal light container to novelty candles are projected to add fuel to the wax market during the forecasted period.

Rising disposable income, growing spending on home interior, and improving living standard of living people across the world are driving demand for coloured and scented candles to enlighten the house environment and enjoy pleasant smell.

In 2021, the Asia Pacific emerged as the largest contributor to the global wax market by holding over 30% market share. The growth is attributed to rising per capita income, improving living standards in countries like China and India. Apart from this, Europe held the second-largest revenue share in 2021 and is attributed to the rising demand for hot melts in the adhesives and sealants industry in the region. Also, Europe is home to several multinational giants engaged in personal care such as Colgate-Palmolive, Unilever Group, Procter and Gamble Co., and L’Oréal group. These companies have well-established brand presence across European countries and that has led to their dominance in cosmetics and personal care applications in the Europe wax market.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Wax Market Size, Share, Growth Analysis, By Product Type (Mineral, Synthetic, Natural), By Application (Candles, Packaging, Plastic & Rubber, Pharmaceuticals), By Region - Industry Forecast 2025-2032

Wax Market Competitive Landscape

Wax Market Report Snapshots

Want to customize this report?

FAQs

Request Free Customization

Feedback From Our Clients

$5,300

Wax Market Size, Share, Growth Analysis, By Product Type (Mineral, Synthetic, Natural), By Application (Candles, Packaging, Plastic & Rubber, Pharmaceuticals), By Region - Industry Forecast 2025-2032

Wax Market Competitive Landscape

Wax Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Wax Market?

Who are the key vendors in the Wax Market?

What is the key driver of Wax Market?

What is the key market trend for Wax Market?

Which region accounted for the largest share in Wax Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300