Wax Melts Market is Projected to reach the value of USD 4.05 Billion by 2029

PRESS RELEASE
Published October 17, 2023

The report aims to offer a comprehensive perspective on the Wax Melts Market 2029. It offers an industry overview, encompassing market growth analysis from both historical and futuristic perspectives, focusing on key parameters such as revenue, demand, and supply data where applicable. The study provides regional estimates, forecasts, and trend analysis for numerous countries, including the U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxembourg, and the rest of Europe, as well as Japan, China, South Korea, India, Australia, New Zealand, Singapore, Thailand, Malaysia, Indonesia, the Philippines, and the rest of Asia-Pacific. Additionally, it covers Brazil, Argentina, the rest of South America, UAE, Saudi Arabia, Egypt, Israel, South Africa, and the rest of the Middle East and Africa, among others. The report also addresses the impact of COVID-19 and provides forecasts for post-COVID-19 recovery.

Data Bridge Market Research analyses that the wax melts market which was growing at a value of 2.72 Billion in 2021 and is expected to reach the value of USD 4.05 Billion by 2029, at a CAGR of 5.10% during the forecast period.

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Global Wax Melts Market Prominent Players:

BASF SE (Germany), Clariant (Switzerland), Numaligarh Refinery Limited (India), Trecora Resources (U.S.), Indian Oil Corporation Ltd (IOCL) (India), Goyel Chemical Corporation (India), Nippon Seiro Co., Ltd. (Japan), AVERY DENNISON CORPORATION (U.S.), Marcusoil (U.S.), Mitsui Chemicals, Inc., (Japan), 3M (U.S.), Sika AG (Switzerland), Honeywell International (U.S.), Westlake Corporation (U.S.), CPCL (India) and Innospec (U.S.), among others.

Global Wax Melts Market Scope:

Product Type

  • Beeswax
  • Para-soy Paraffin Wax-Blends
  • Soy Palm
  • Others

Application/End User

  • Home
  • Offices
  • Commercial Buildings

Regional Insights:

The wax melt market is dominated by North America. The positive outlook for air care and aromatherapy and growing consumer awareness of the environmental and health risks associated with the use of aerosol sprays are expected to drive demand for the brand. Additionally, changing lifestyles, hygiene concerns and busy work schedules have driven consumers to use more fragrance products, which is expected to grow in market size in the coming years. On the other hand, steady growth is expected in Europe as consumers’ awareness of synthetic fragrance products increases. Additionally, consumer preference for wax melts is expected to change over the forecast period due to harmful aerosol emissions and stringent regulations on the use of aerosol fresheners.

Table of Content of Wax Melts Market:

1: Introduction, market driving force product Objective of Study, and Research Scope of the Global Wax Melts market (2022-2029).

2: Exclusive Summary – the basic information of the Global Wax Melts Market.

3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global Wax Melts; Post COVID Analysis.

4: Presenting the Global Wax Melts Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

5: Displaying the by Type, End User and Region/Country 2018-2022.

6: Evaluating the leading manufacturers of the Global Wax Melts Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile.

7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2029).

 To be continued

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