MIDDLE EAST AND AFRICA INDUSTRIAL WAX MARKET 2020-2028

Chemicals & Materials | Petrochemicals

MIDDLE EAST AND AFRICA 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 the Middle East and Africa depicts that the industry is likely to expand at a CAGR of 4.56% during the estimated period 2020-2028.

The countries scrutinized in the Middle East and Africa market are:

     Saudi Arabia

     Turkey

     United Arab Emirates

     South Africa

     Rest of Middle East & Africa



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In Turkey, there has been an increase in packaging consumption in the past few years. The growing population and standard of living, diversification of consumer goods, rapid urbanization, rise in women laborers and the escalating export business are the key factors in fueling the demand for packaging products. The Turkish packaging industry has proliferated in the last decade and, at present, has become an enormous sector. The growth of this segment can also be contributed to the changing shopping habits, especially in large cities, owing to the presence of department stores, supermarkets and hypermarkets.

Rising advertisements of consumer products, lucrative point-of-purchase packaging and the booming canned & frozen food industry, growing apparel and disposable medical supplies, all require packaging. Besides, the increasing exports are also aiding the expansion of the packaging industry. Industrial wax finds its applications in the packaging sector. Hence, the growth of this sector is expected to boost the industrial wax demand and, thereby, the growth rate over the forecasted years.

Due to the rising population of young consumers, increasing disposable incomes of the consumers, growing markets for consumer products and the escalating local economic state, the packaging market in South Africa is likely to witness an extraordinary growth. Industrial wax is used increasingly in the packaging industry. Hence, with the growth in the packaging sector, there will also be growth in the industrial wax market in the country.

Sasol Limited is a leading chemicals and energy company. The company provides a wide range of products, including chemicals, low-carbon electricity and liquid fuels. The company operates in the business units, namely mining and exploration & production international. The company operates about six coal mines that supply feedstock for its Sasolburg and Secunda complexes in South Africa.

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Table of Content

1.    MIDDLE EAST AND AFRICA 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 – MIDDLE EAST AND AFRICA

5.1. THE UNITED ARAB EMIRATES

5.2. TURKEY

5.3. SAUDI ARABIA

5.4. SOUTH AFRICA

5.5. REST OF MIDDLE EAST & AFRICA

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: MIDDLE EAST AND AFRICA INDUSTRIAL WAX MARKET, 2020-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD        

TABLE 3: MIDDLE EAST AND AFRICA INDUSTRIAL WAX MARKET, BY TYPE, 2020-2028 (IN $ MILLION)      

TABLE 4: MIDDLE EAST AND AFRICA INDUSTRIAL WAX MARKET, BY APPLICATION, 2020-2028 (IN $ MILLION)

TABLE 5: MIDDLE EAST AND AFRICA INDUSTRIAL WAX MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION)        

List of Figures

FIGURE 1: MIDDLE EAST AND AFRICA INDUSTRIAL WAX MARKET, BY APPLICATION, 2019 & 2028 (IN %)  

FIGURE 2: MIDDLE EAST AND AFRICA FOSSIL-BASED WAXES MARKET, 2020-2028 (IN $ MILLION)      

FIGURE 3: PORTER’S FIVE FORCE ANALYSIS        

FIGURE 4: MARKET ATTRACTIVENESS INDEX       

FIGURE 5: MIDDLE EAST AND AFRICA INDUSTRIAL WAX MARKET, BY FOSSIL-BASED WAXES, 2020-2028 (IN $ MILLION)       

FIGURE 6: MIDDLE EAST AND AFRICA INDUSTRIAL WAX MARKET, BY SYNTHETIC-BASED WAXES, 2020-2028 (IN $ MILLION)       

FIGURE 7: MIDDLE EAST AND AFRICA INDUSTRIAL WAX MARKET, BY BIO-BASED WAXES, 2020-2028 (IN $ MILLION)

FIGURE 8: MIDDLE EAST AND AFRICA INDUSTRIAL WAX MARKET, BY CANDLE, 2020-2028 (IN $ MILLION)        

FIGURE 9: MIDDLE EAST AND AFRICA INDUSTRIAL WAX MARKET, BY PACKAGING, 2020-2028 (IN $ MILLION)          

FIGURE 10: MIDDLE EAST AND AFRICA INDUSTRIAL WAX MARKET, BY COATINGS & POLISHES, 2020-2028 (IN $ MILLION)  

FIGURE 11: MIDDLE EAST AND AFRICA INDUSTRIAL WAX MARKET, BY HOT MELT ADHESIVE, 2020-2028 (IN $ MILLION)

FIGURE 12: MIDDLE EAST AND AFRICA INDUSTRIAL WAX MARKET, BY TIRES & RUBBER, 2020-2028 (IN $ MILLION)

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

FIGURE 14: MIDDLE EAST AND AFRICA INDUSTRIAL WAX MARKET, BY FOOD, 2020-2028 (IN $ MILLION)   

FIGURE 15: MIDDLE EAST AND AFRICA INDUSTRIAL WAX MARKET, BY OTHER APPLICATIONS, 2020-2028 (IN $ MILLION)

FIGURE 16: MIDDLE EAST AND AFRICA INDUSTRIAL WAX MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)            

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

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

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

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

FIGURE 21: REST OF MIDDLE EAST & AFRICA INDUSTRIAL WAX MARKET, 2020-2028 (IN $ MILLION)      

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