EUROPE INDUSTRIAL WAX MARKET 2020-2028

Chemicals & Materials | Petrochemicals

EUROPE INDUSTRIAL WAX MARKET 2020-2028

Market By Type, Application And Geography | Forecast 2020-2028

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As per a Triton Market Research report on the industrial wax market in Europe, the industry is progressing at a CAGR of 3.25% in the estimated period 2020-2028.

The countries evaluated in the Europe industrial wax market are:

•     Italy

•     The United Kingdom

•     Germany

•     Russia

•     France

•     Spain  

     Rest of Europe



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The rising concern regarding the dangerous effects of mineral-based waxes and the resultant stringent rules regulating the application of the cosmetics & personal care segment has given rise to an escalating demand for waxes produced from biodegradable materials. This is acting in favor of the growth of the industrial wax market in the region.

The growing industrial infrastructure, coupled with the improved lifestyle of the consumers, is fuelling the end-user application market of industrial wax. The industrial wax market in the UK has been witnessing considerable demand in the past few years. The increasing consumer preference of eco-friendly options and the growing need for applications like cosmetics, personal care and food are anticipated to fuel the bio-based segment market in the region over the forthcoming period.

The packaging industry is also one of the significant applications of industrial wax. There is a growing concern among consumers regarding the environment and waste reduction. This is mostly influenced by the UK media, including TV shows that showcase the effect of packaging waste on marine life and the ocean. Hence, brands are finding better green alternatives in packaging, thereby augmenting the demand for bio-based industrial wax in the country.

Evonik Industries AG is a company engaged in the development of specialty chemicals, resource efficiency, nutrition & car and performance materials. The company has business segments, namely nutrition & care, performance materials, resource efficiency and services. The resource efficiency segment includes solutions for environment-friendly and energy-efficient products that are used in different sectors like automotive, adhesives, and construction industries. The company is headquartered in Essen, Germany.

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Table of Content

1.    EUROPE INDUSTRIAL WAX MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.2.1.   FOSSIL-BASED WAX DOMINATES THE MARKET

2.2.2.   COSMETICS INDUSTRY TO EMERGE AS LUCRATIVE APPLICATION SEGMENT IN FUTURE

2.2.3.   RISING DEMAND FOR VARIETY OF WAXES

2.3. PORTER’S FIVE FORCE ANALYSIS

2.3.1.   THREAT OF NEW ENTRANTS

2.3.2.   THREAT OF SUBSTITUTE

2.3.3.   BARGAINING POWER OF SUPPLIERS

2.3.4.   BARGAINING POWER OF BUYERS

2.3.5.   INTENSITY OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. VALUE CHAIN ANALYSIS

2.7. MARKET DRIVERS

2.7.1.   GROWING PREFERENCE FOR SYNTHETIC WAXES

2.7.2.   CHANGES IN TECHNOLOGY

2.8. MARKET RESTRAINTS

2.8.1.   FALL IN THE SUPPLY OF PARAFFIN WAX

2.8.2.   RISING PRICE OF SYNTHETIC AND BIO-BASED WAXES

2.9. MARKET OPPORTUNITIES

2.9.1.   RISE IN THE POPULATION & GROWING PER CAPITA INCOME

2.9.2.   GROWTH IN DEMAND BY VARIOUS APPLICATIONS

2.10.  MARKET CHALLENGES

2.10.1. DECLINE IN THE USE OF FOSSIL-BASED WAX IN PACKAGING INDUSTRY

3.    INDUSTRIAL WAX MARKET OUTLOOK - BY TYPE

3.1. FOSSIL-BASED WAXES

3.2. SYNTHETIC-BASED WAXES

3.3. BIO-BASED WAXES

4.    INDUSTRIAL WAX MARKET OUTLOOK - BY APPLICATION

4.1. CANDLES

4.2. PACKAGING

4.3. COATINGS & POLISHES

4.4. HOT MELT ADHESIVES

4.5. TIRES & RUBBER

4.6. COSMETICS & PERSONAL CARE

4.7. FOOD

4.8. OTHER APPLICATIONS

5.    INDUSTRIAL WAX MARKET – EUROPE

5.1. UNITED KINGDOM

5.2. GERMANY

5.3. FRANCE

5.4. SPAIN

5.5. ITALY

5.6. RUSSIA

5.7. REST OF EUROPE

6.    COMPETITIVE LANDSCAPE

6.1. SINOPEC CORP (CHINA PETROCHEMICAL CORPORATION)

6.2. ROYAL DUTCH SHELL PLC (SHELL INTERNATIONAL BV)

6.3. EVONIK INDUSTRIES AG

6.4. EXXON MOBIL CORPORATION

6.5. SASOL LIMITED

6.6. LUKOIL (PJSC LUKOIL)

6.7. NUMALIGARH REFINERY LIMITED

6.8. HCI WAX (HONG CHANG INTERNATIONAL)

6.9. THE BLAYSON GROUP LTD

6.10. THE INTERNATIONAL GROUP INC

7.     RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.1.1.   OBJECTIVES OF STUDY

7.1.2.   SCOPE OF STUDY

7.2. SOURCES OF DATA

7.2.1.   PRIMARY DATA SOURCES

7.2.2.   SECONDARY DATA SOURCES

7.3. RESEARCH METHODOLOGY

7.3.1.   EVALUATION OF PROPOSED MARKET

7.3.2.   IDENTIFICATION OF DATA SOURCES

7.3.3.   ASSESSMENT OF MARKET DETERMINANTS

7.3.4.   DATA COLLECTION

7.3.5.   DATA VALIDATION & ANALYSIS

List of table

TABLE 1: EUROPE INDUSTRIAL WAX MARKET, 2020-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD        

TABLE 3: EUROPE INDUSTRIAL WAX MARKET, BY TYPE, 2020-2028 (IN $ MILLION)           

TABLE 4: EUROPE INDUSTRIAL WAX MARKET, BY APPLICATION, 2020-2028 (IN $ MILLION)

TABLE 5: EUROPE INDUSTRIAL WAX MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION) 

List of Figures

FIGURE 1: EUROPE INDUSTRIAL WAX MARKET, BY APPLICATION, 2019 & 2028 (IN %)    

FIGURE 2: EUROPE FOSSIL-BASED WAX MARKET, 2020-2028 (IN $ MILLION)

FIGURE 3: PORTER’S FIVE FORCE ANALYSIS        

FIGURE 4: MARKET ATTRACTIVENESS INDEX       

FIGURE 5: EUROPE INDUSTRIAL WAX MARKET, BY FOSSIL-BASED WAXES, 2020-2028 (IN $ MILLION)      

FIGURE 6: EUROPE INDUSTRIAL WAX MARKET, BY SYNTHETIC-BASED WAXES, 2020-2028 (IN $ MILLION)        

FIGURE 7: EUROPE INDUSTRIAL WAX MARKET, BY BIO-BASED WAXES, 2020-2028 (IN $ MILLION)      

FIGURE 8: EUROPE INDUSTRIAL WAX MARKET, BY CANDLE, 2020-2028 (IN $ MILLION)  

FIGURE 9: EUROPE INDUSTRIAL WAX MARKET, BY PACKAGING, 2020-2028 (IN $ MILLION)           

FIGURE 10: EUROPE INDUSTRIAL WAX MARKET, BY COATINGS & POLISHES, 2020-2028 (IN $ MILLION)   

FIGURE 11: EUROPE INDUSTRIAL WAX MARKET, BY HOT MELT ADHESIVE, 2020-2028 (IN $ MILLION)

FIGURE 12: EUROPE INDUSTRIAL WAX MARKET, BY TIRES & RUBBER, 2020-2028 (IN $ MILLION)      

FIGURE 13: EUROPE INDUSTRIAL WAX MARKET, BY COSMETICS & PERSONAL CARE, 2020-2028 (IN $ MILLION)          

FIGURE 14: EUROPE INDUSTRIAL WAX MARKET, BY FOOD, 2020-2028 (IN $ MILLION)     

FIGURE 15: EUROPE INDUSTRIAL WAX MARKET, BY OTHER APPLICATIONS, 2020-2028 (IN $ MILLION)

FIGURE 16: EUROPE INDUSTRIAL WAX MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)           

FIGURE 17: UNITED KINGDOM INDUSTRIAL WAX MARKET, 2020-2028 (IN $ MILLION)       

FIGURE 18: GERMANY INDUSTRIAL WAX MARKET, 2020-2028 (IN $ MILLION)

FIGURE 19: FRANCE INDUSTRIAL WAX MARKET, 2020-2028 (IN $ MILLION) 

FIGURE 20: SPAIN INDUSTRIAL WAX MARKET, 2020-2028 (IN $ MILLION)      

FIGURE 21: ITALY INDUSTRIAL WAX MARKET, 2020-2028 (IN $ MILLION)       

FIGURE 22: RUSSIA INDUSTRIAL WAX MARKET, 2020-2028 (IN $ MILLION)   

FIGURE 23: REST OF EUROPE INDUSTRIAL WAX MARKET, 2020-2028 (IN $ MILLION)

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