Press release
Global Industrial Wax Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Industrial wax is an organic material that is used in several industrial applications and serves as a crucial component in a variety of goods. Growing strategic alliances amongst numerous end users could result in a significant increase in demand for raw materials including petroleum waxes, bio-based waxes, and synthetic waxes. Waxes are temperature sensitive and subject to dust explosion risk; even little temperature changes during processing or production can have a big impact on the final product's quality. The expansion of the international market for industrial wax may be constrained by the declining use of paraffin wax in packaging applications.
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By Geography, North America is projected to have the highest CAGR over the forecast period, owing to biggest consumer of packaged products. The nation's packaging business is expanding more quickly, which is boosting the market growth. This is due to changing customer behaviour and manufacturers' increased convenience. A positive market outlook will be supported by businesses' targeted marketing initiatives and an upbeat economic outlook.
Some of the key players profiled in the Industrial Wax Market include Blayson, Numaligarh , ExxonMobil, Sinopec, BASF SE, China Petroleum and Chemical Corp., Evonik Industries AG, Honeywell International Inc., Petrochemical Manufacturers, Royal Dutch Shell PLC, First Source Worldwide, Candlewic Co., Shell Eastern Petroleum Ltd and HCI Wax.
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Comprehensive profiling of additional market players (up to 3)
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Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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