Growing Preference for Hydrocarbon Waxes in Versatile Industrial Application Triggers Market Growth
The global hydrocarbon waxes market is expected to grow at a 3% CAGR to reach US$ 5 billion by 2031, with extensive application in the paints and coatings industry driving growth. However, plastic additives are slated to generate equally high expansion prospects. Demand is seen to be increasing for compound hydrocarbon waxes as well as single type hydrocarbon waxes across regions.
Opportunities abound in the cosmetics and personal care segment as well, owing to their excellent skin protection properties and resistance to oxidation and rancidity. This new Fact.MR report examines the global sales of hydrocarbon waxes in 20+ high-growth markets, as well as the impact of COVID-19 on the chemicals & materials domain in general, and hydrocarbon wax demand in particular.
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The report offers actionable and valuable market insights of Hydrocarbon Waxes. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Hydrocarbon Waxes across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Hydrocarbon Waxes. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Hydrocarbon Waxes
This newly published and insightful report sheds light on Market Insights of Hydrocarbon Waxes, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Hydrocarbon Waxes.
Key Takeaways from Market Study
- By application, plastic additive manufacturing to generate high demand for hydrocarbon waxes
- Demand across the lubricating additives segment to acquire major traction over coming years
- The U.S. to experience significant uptake across the paints & coatings and F&B packaging sectors
- China to emerge as a dominant market in Asia amid surging infrastructure projects
- India to emerge as a heavyweight in the rubber production & manufacturing category
“Prominent manufacturers are constantly innovating existing product offerings in hydrocarbon waxes, given their increasing scope and applicability across a broad range of end-use industries, providing adequate room for expansion,”
says a Fact.MR analyst.
Competitive Landscape
Major players profiled in Fact.MR’s market study include Sasol Ltd., ExxonMobil Corp., Kerax Limited, Faith Industries Limited, Poth Hille & Company Limited, Strahl & Pitsch Inc., Blended Waxes Inc., Calwax LLC, Goyel Chemicals Corporation, Valan Wax Products Limited, AF Suter & Company Limited, Mat-Chem,and King Honor International Ltd.
- Goyel Chemicals Corporation, a prominent Indian manufacturer, offers its range of hydrocarbon wax recommended for processing of RPVC pipes and conduits. These are effective alternatives to conventional oils and waxes which possess high volatility and heighten the risk of hazards
- In March 2020, King Honor International Ltd. launched a new grade of Fischer-tropsch Wax for hot melt adhesives and PVC lubricants. This new grade of KH FT Wax 110 B has high congealing point and low oil content
Key Market Segments Covered
- Application
- Hydrocarbon Waxes for Lubricating Adhesives
- Hydrocarbon Waxes for Plastic Additives
- Hydrocarbon Waxes for Rubber
- Hydrocarbon Waxes for Paints & Coatings
- Hydrocarbon Waxes for Metal working Fluids
- Hydrocarbon Waxes for Other Applications
- Region
- North America
- U.S
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- France
- U.K
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Rest of MEA
- North America
Report Benefits & Key Questions Answered
- Hydrocarbon Waxes Company & brand share analysis: The report offers brand-share analysis on Hydrocarbon Waxes to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
- Hydrocarbon Waxes Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
- Hydrocarbon Waxes Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
- Hydrocarbon Waxes Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
- Hydrocarbon Waxes Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
- Post COVID consumer spending on Hydrocarbon Waxes: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Hydrocarbon Waxes sales.
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