Wax Market Report – Forecast (2022-2027)

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Wax MarketMarket size, Industry outlook, Market
Forecast, Demand Analysis, Market Share, Market
Report 2022-2027
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• The Wax Market size is forecast to reach US11.3
  billion by 2027, after growing at a CAGR of 2.7
  during the forecast period 2022-2027. Wax is an
  ester of long-chain fatty acids along with
  long-chain monohydric alcohols. It can be divided
  into multiple categories such as paraffin wax,
  shellac wax, mineral wax, stearate wax, and more.
  They are used in a wide range of industries which
  include packaging, Cosmetic Personal Care,
  automotive, building construction,
  pharmaceutical, food beverage, textile, rubber,
  and other industries.

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• Key Takeaways
• Adhesive application in Wax Market is expected to
  see the fastest growth, especially during the
  forecast period, owing to its increasing demand
  from the packaging industry.
• Wax has a wide range of properties which include
  excellent thermal stability, high softening
  point, high melting point, high chemical
  resistance, perfect lubrication, which makes it
  ideal for use in packaging, cosmetics, and
  textile industries.
• Asia-Pacific dominated the Wax Market in 2021,
  owing to the increasing demand for Wax from the
  packaging and cosmetic sectors of the region.
  According to a recent study published on
  Interpack, Asia accounted for the highest world
  share of packaging sales in 2020, an increase of
  7.4 in comparison to 2019.

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By Distribution Channel- Segment Analysis The
Adhesive application held the largest share in
the Wax Market in 2021 and is expected to grow at
a CAGR of 2.8 between 2022 and 2027, owing to
the increasing demand for adhesives from the
packaging sectors in multiple regions across the
world. According to a recent study published by
the European Adhesive and Sealant Industry in
2020, the adhesives sector saw an increase in the
production of adhesives across multiple regions.
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• Wax Industry Outlook 
• China National Petroleum Corporation
• Exxon Mobil Corporation
• Royal Dutch Shell PLC
• Akzo Nobel NV
• Lubrizol Corporation
• Honeywell International Inc.
• Cargill, Inc.
• BASF SE
• Evonik Industries AG
• Calumet Specialty Products Partners LP

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Wax Market Forecast (2022 - 2027)
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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Reddy Contact (1) 970-236-3677 Email
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