Wax is a solid substance with a high concentration of fat. It softens and melts easily when subjected to heat.
Technavio’s analysts forecast the global wax market is expected to generate a revenue of close to USD 14 billion 2022.
Covered in this report The report covers the present scenario and the growth prospects of the global wax market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Wax Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • BASF • Exxon Mobil Corporation • GENERAL ELECTRIC • Honeywell International • Royal Dutch Shell • Sasol
Market driver • Growing demand for synthetic and vegetable waxes • For a full, detailed list, view our report
Market challenge • fluctuations in prices of crude oil • For a full, detailed list, view our report
Market trend • Effective use of recycled plastics in wax production • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2022 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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