LATIN AMERICA INDUSTRIAL WAX MARKET 2020-2028

Chemicals & Materials | Petrochemicals

LATIN AMERICA INDUSTRIAL WAX MARKET 2020-2028

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

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A Triton Market Research report on the industrial wax market in Latin America has determined that the industry would exhibit growth at a CAGR of 4.46%, in the forecasting period 2020-2028.

The countries reviewed in the Latin American industrial wax market are:

     Mexico

•     Brazil

•     Rest of Latin America



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Several large oil-producing countries are present in the Latin American region. Venezuela is home to the largest oil reserves in the world at over 300 billion barrels. Colombia and Argentina are the countries ranking fourth and fifth among the oil producers in Latin America. Industrial wax is a product produced in the refinery of oil. As industrial wax is a product formed in the process of refining, these factors have broadened the scope for industrial wax production in the region in the forthcoming years.

In Latin America, consumers spend mostly on hair care items, fragrances, skincare, men's grooming and color cosmetics. The beauty & personal care market in Mexico is expected to show gradual growth. At present, it ranks third in terms of its production, generating investment of about 433 million dollars annually. Consumers are increasingly attracted to finding add-on benefits in their products as a long-term treatment.

Besides, a growing interest in natural consumption and organic products, that benefits the environment is witnessed in the country. Industrial wax is used in the development of several products used in the cosmetic industry. Hence, the growth in the cosmetic sector will consequently fuel the demand for industrial wax in the region, thereby pushing the market growth in the coming years.

Established in 1882, ExxonMobil Corporation is an oil & gas company involved in the production of crude oil and natural gas, production of petroleum products and transportation & marketing of natural gas, crude oil and petroleum products. In addition, the company manufactures and markets commodity petrochemicals. The company has major operations in the Americas.

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Table of Content

1.    LATIN AMERICA 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 – LATIN AMERICA

5.1. BRAZIL

5.2. MEXICO

5.3. REST OF LATIN AMERICA

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: LATIN AMERICA INDUSTRIAL WAX MARKET, 2020-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD        

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

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

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

List of Figures

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

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

FIGURE 3: PORTER’S FIVE FORCE ANALYSIS        

FIGURE 4: MARKET ATTRACTIVENESS INDEX       

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

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

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 19: REST OF LATIN AMERICA INDUSTRIAL WAX MARKET, 2020-2028 (IN $ MILLION)           

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