Table of Content

1 INTRODUCTION 49
1.1 OBJECTIVES OF THE STUDY 49
1.2 MARKET DEFINITION 49
1.2.1 SCOPE OF THE REPORT 50
1.3 MARKET SCOPE 51
FIGURE 1 INDUSTRIAL WAX: MARKET SEGMENTATION 51
1.3.1 REGIONS COVERED 51
1.3.2 YEARS CONSIDERED FOR THE REPORT 52
1.4 CURRENCY 52
1.5 PACKAGE SIZE 52
1.6 STAKEHOLDERS 52
1.7 LIMITATIONS 52
1.8 SUMMARY OF CHANGES 53

2 RESEARCH METHODOLOGY 55
2.1 RESEARCH DATA 55
FIGURE 2 INDUSTRIAL WAX MARKET: RESEARCH DESIGN 55
2.1.1 SECONDARY DATA 55
2.1.1.1 Critical secondary inputs 56
2.1.1.2 Key data from secondary sources 56
2.1.2 PRIMARY DATA 56
2.1.2.1 Critical primary inputs 57
2.1.2.2 Key data from primary sources 57
2.1.2.3 Key industry insights 58
2.1.2.4 Breakdown of primary interviews 59
2.1.2.5 List of participated industry experts 59
2.2 MARKET SIZE ESTIMATION APPROACH 60
2.2.1 BOTTOM-UP MARKET SIZE ESTIMATION: MARKET SIZE OF SEVERAL COUNTRIES AND ASCERTAINING THEIR SHARE TO ESTIMATE THE
OVERALL DEMAND 60
FIGURE 3 MARKET SIZE ESTIMATION: DEMAND-SIDE ANALYSIS 60
2.2.2 ESTIMATING THE INDUSTRIAL WAX MARKET SIZE FROM THE KEY
SUPPLIERS’ MARKET SHARE 61
FIGURE 4 MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS 61
2.3 DATA TRIANGULATION 62
FIGURE 5 INDUSTRIAL WAX MARKET: DATA TRIANGULATION 62
2.4 ASSUMPTIONS 63
?

3 EXECUTIVE SUMMARY 64
FIGURE 6 FOSSIL-BASED SEGMENT ACCOUNTED FOR THE LARGEST MARKET
SHARE IN 2019 64
FIGURE 7 THE CANDLES SEGMENT ACCOUNTED FOR THE MAJORITY MARKET
SHARE IN 2019 65
FIGURE 8 APAC WAS THE LARGEST INDUSTRIAL WAX MARKET IN 2019 66

4 PREMIUM INSIGHTS 67
4.1 SIGNIFICANT OPPORTUNITIES IN THE INDUSTRIAL WAX MARKET 67
FIGURE 9 HIGH DEMAND FROM THE CANDLE INDUSTRY TO DRIVE THE MARKET BETWEEN 2020 AND 2025 67
4.2 APAC: INDUSTRIAL WAX MARKET, BY TYPE AND COUNTRY, 2019 67
FIGURE 10 FOSSIL-BASED SEGMENT AND CHINA ACCOUNTED FOR THE LARGEST SHARE 67
4.3 INDUSTRIAL WAX MARKET, BY KEY COUNTRIES 68
FIGURE 11 INDIA TO REGISTER THE HIGHEST CAGR 68

5 MARKET OVERVIEW 69
5.1 INTRODUCTION 69
5.2 MARKET DYNAMICS 69
FIGURE 12 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
IN THE INDUSTRIAL WAX MARKET 69
5.2.1 DRIVERS 70
5.2.1.1 Steady growth in candle production with product advancement across the globe 70
5.2.1.2 Growth of the cosmetics & personal care industry supports
the market growth 70
FIGURE 13 GLOBAL COSMETICS INDUSTRY OVERVIEW 71
5.2.1.3 Rising adoption of waxes in the tire & rubber application 71
FIGURE 14 GLOBAL TIRE PRODUCTION, BY REGION, 2016 –2019 (KILOTON) 71
5.2.2 RESTRAINTS 72
5.2.2.1 Declining usage of paraffin wax in the packaging application 72
5.2.2.2 Economic slowdown and impact of COVID-19 on the
manufacturing sector 72
5.2.3 OPPORTUNITIES 72
5.2.3.1 Rising demand for bio-based products in the cosmetics industry 72
5.2.4 CHALLENGES 72
5.2.4.1 Implications of the US-China trade war for the market 72
5.3 PORTER’S FIVE FORCES ANALYSIS 73
FIGURE 15 PORTER’S FIVE FORCES ANALYSIS: INDUSTRIAL WAX MARKET 73
5.3.1 BARGAINING POWER OF SUPPLIERS 73
5.3.2 BARGAINING POWER OF BUYERS 74
5.3.3 INTENSITY OF COMPETITIVE RIVALRY 74
5.3.4 THREAT OF NEW ENTRANTS 74
5.3.5 THREAT OF SUBSTITUTES 74
5.4 IMPACT ANALYSIS OF FORECASTING FACTORS AND COVID-19 75
5.5 SUPPLY CHAIN ANALYSIS 76
FIGURE 16 SUPPLY CHAIN OF THE INDUSTRIAL WAX MARKET 76
5.6 AVERAGE PRICE ANALYSIS 77
FIGURE 17 WEIGHTED AVERAGE PRICE ANALYSIS (USD/TON) OF INDUSTRIAL
WAX MARKET, BY REGION, 2019 77
TABLE 1 WEIGHTED AVERAGE PRICE (USD/TON) OF INDUSTRIAL WAX,
BY REGION, 2019 78
5.7 YC AND YCC SHIFT 78
FIGURE 18 YCC SHIFT: YOUR CLIENTS’ CLIENTS’ SHIFT IN IMPERATIVES & OUTCOMES
IN APPLICATIONS, SUCH AS COSMETICS & PERSONAL CARE, CANDLES,
AND COATINGS, INDUSTRY TRENDS WILL BRING IN CHANGE IN FUTURE REVENUE MIX!! 78
FIGURE 19 CASCADED IMPACT OF THE APPLICATION SEGMENTS ON THE INDUSTRIAL WAX MARKET 79
5.7.1 YC SHIFT 79
5.7.2 YCC SHIFT 80
5.8 ECOSYSTEM MARKET MAP 80
5.9 REGULATORY LANDSCAPE 81
TABLE 2 INDUSTRY-WISE REGULATIONS ON WAX PRODUCTS 81
5.10 TECHNOLOGY TRENDS 82
TABLE 3 KEY TECHNOLOGY TRENDS IN THE INDUSTRIAL WAX MARKET 82
5.11 PATENT ANALYSIS 84
TABLE 4 NUMBER OF PATENTS GRANTED, 2015–2020 84
FIGURE 20 SHARE OF GRANTED PATENTS, BY KEY PLAYERS (TILL SEPTEMBER 2020) 84
TABLE 5 C1–C5 CLASSIFICATION SCHEME 85
FIGURE 21 GRANTED PATENTS SHARE, BY JURISDICTION (TILL SEPTEMBER 2020) 86
5.12 TRADE DATA ANALYSIS: KEY EXPORTING AND IMPORTING COUNTRIES 87
FIGURE 22 IMPORT AND EXPORT OF INDUSTRIAL WAX IN VOLUME (TON), 2015-2019 88
TABLE 6 TOP IMPORTING & EXPORTING COUNTRIES AND DESTINATION WITH
THEIR SHARES (%), 2019 88
5.13 MACROECONOMIC INDICATORS 89
5.13.1 GLOBAL GDP OUTLOOK 89
TABLE 7 WORLD GDP GROWTH PROJECTION 89
5.14 ADJACENT MARKETS 90
5.14.1 GLOBAL PAINTS & COATINGS MARKET 90
TABLE 8 PAINTS & COATINGS MARKET SIZE, BY REGION, 2016–2019 (KILOTON) 90
TABLE 9 PAINTS & COATINGS MARKET SIZE, BY REGION, 2020–2025 (KILOTON) 90
TABLE 10 PAINTS & COATINGS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 91
TABLE 11 PAINTS & COATINGS MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 91
5.14.1.1 Disruption due to COVID-19 91
5.14.2 HOT-MELT ADHESIVES MARKET 91
5.15 CASE STUDY 92
FIGURE 23 INDUSTRIAL WAX MARKET SIZE IN VALUE (USD MN) AND CAGR (%) GROWTH, BY APPLICATION, 2018 -2025 93

6 INDUSTRIAL WAX MARKET, BY TYPE 95
6.1 INTRODUCTION 96
FIGURE 24 FOSSIL-BASED WAXES IS EXPECTED TO HOLD LARGEST SHARE
OF THE MARKET 96
TABLE 12 HISTORICAL: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2016-2026 (TON) 96
TABLE 13 INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2018–2025 (TON) 96
TABLE 14 HISTORICAL: INDUSTRIAL WAX MARKET SIZE, BY TYPE,
2016–2026 (USD MILLION) 97
TABLE 15 INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION) 97
6.2 FOSSIL-BASED 97
6.2.1 ABUNDANT AVAILABILITY, LOW COST, AND SUITABILITY TO INDUSTRIAL APPLICATIONS SUPPORT THE MARKET GROWTH 97
TABLE 16 COMPARISON OF PROPERTIES BETWEEN PARAFFIN AND MICROCRYSTALLINE WAX 98
TABLE 17 PROPERTY COMPARISON OF DIFFERENT TYPES OF MICROCRYSTALLINE WAX 98
TABLE 18 INDUSTRIAL WAX MARKET SIZE, BY FOSSIL-BASED TYPE, 2018–2025 (TON) 99
TABLE 19 INDUSTRIAL WAX MARKET SIZE, BY FOSSIL-BASED TYPE,
2018–2025 (USD MILLION) 99
TABLE 20 HISTORICAL: FOSSIL-BASED INDUSTRIAL WAX MARKET SIZE, BY REGION, 2016–2026 (TON) 99
TABLE 21 FOSSIL-BASED INDUSTRIAL WAX MARKET SIZE, BY REGION,
2018–2025 (TON) 99
TABLE 22 HISTORICAL: FOSSIL-BASED INDUSTRIAL WAX MARKET SIZE, BY REGION, 2016–2026 (USD MILLION) 100
TABLE 23 FOSSIL-BASED INDUSTRIAL WAX MARKET SIZE, BY REGION,
2018–2025 (USD MILLION) 100
6.3 SYNTHETIC 100
6.3.1 GROWING PENETRATION OF SYNTHETIC WAX IN DEVELOPED COUNTRIES
TO DRIVE THE MARKET 100
TABLE 24 INDUSTRIAL WAX MARKET SIZE, BY SYNTHETIC WAX TYPE, 2018–2025 (TON) 101
TABLE 25 INDUSTRIAL WAX MARKET SIZE, BY SYNTHETIC WAX TYPE,
2018–2025 (USD MILLION) 101
TABLE 26 HISTORICAL: SYNTHETIC INDUSTRIAL WAX MARKET SIZE, BY REGION,
2016-2026 (TON) 101
TABLE 27 SYNTHETIC INDUSTRIAL WAX MARKET SIZE, BY REGION, 2018–2025 (TON) 101
TABLE 28 HISTORICAL: SYNTHETIC INDUSTRIAL WAX MARKET SIZE, BY REGION,
2016–2026 (USD MILLION) 102
TABLE 29 SYNTHETIC INDUSTRIAL WAX MARKET SIZE, BY REGION,
2018–2025 (USD MILLION) 102
6.4 BIO-BASED 102
6.4.1 HIGH COST OF PRODUCT LOWERED THE GROWTH RATE OF THE SEGMENT 102
TABLE 30 HISTORICAL: BIO-BASED INDUSTRIAL WAX MARKET SIZE, BY REGION,
2016–2026 (TON) 103
TABLE 31 BIO-BASED: INDUSTRIAL WAX MARKET SIZE, BY REGION, 2018–2025 (TON) 103
TABLE 32 HISTORICAL: BIO-BASED INDUSTRIAL WAX MARKET SIZE, BY REGION,
2016–2026 (USD MILLION) 103
TABLE 33 BIO-BASED INDUSTRIAL WAX MARKET SIZE, BY REGION,
2018–2025 (USD MILLION) 103
7 INDUSTRIAL WAX MARKET, BY APPLICATION 104
7.1 INTRODUCTION 105
FIGURE 25 CANDLE SEGMENT IS EXPECTED TO HOLD LARGEST SHARE OF THE MARKET 105
TABLE 34 HISTORICAL: INDUSTRIAL WAX MARKET SIZE, BY APPLICATION,
2016–2026 (TON) 105
TABLE 35 INDUSTRIAL WAX MARKET SIZE, BY APPLICATION, 2018–2025 (TON) 106
TABLE 36 HISTORICAL: INDUSTRIAL WAX MARKET SIZE, BY APPLICATION,
2016–2026 (USD MILLION) 106
TABLE 37 INDUSTRIAL WAX MARKET SIZE, BY APPLICATION,
2018–2025 (USD MILLION) 106
7.2 CANDLES 107
7.2.1 INCREASING CONSUMER SPENDING AND CHANGING CONSUMPTION PATTERN & LIFESTYLE SUPPORT THE MARKET GROWTH OF CANDLES 107
TABLE 38 HISTORICAL: INDUSTRIAL WAX MARKET SIZE IN CANDLES APPLICATION,
BY REGION, 2016–2026 (TON) 107
TABLE 39 INDUSTRIAL WAX MARKET SIZE IN CANDLES APPLICATION, BY REGION, 2018–2025 (TON) 108
TABLE 40 HISTORICAL: INDUSTRIAL WAX MARKET SIZE IN CANDLES APPLICATION,
BY REGION, 2016–2026 (USD MILLION) 108
TABLE 41 INDUSTRIAL WAX MARKET SIZE IN CANDLES APPLICATION, BY REGION, 2018–2025 (USD MILLION) 108
7.3 PACKAGING 109
7.3.1 HEALTHY GROWTH OF THE PACKAGING INDUSTRY WILL SUPPORT
THE MARKET GROWTH 109
TABLE 42 HISTORICAL: INDUSTRIAL WAX MARKET SIZE IN PACKAGING APPLICATION, BY REGION, 2016–2026 (TON) 109
TABLE 43 INDUSTRIAL WAX MARKET SIZE IN PACKAGING APPLICATION, BY REGION, 2018–2025 (TON) 109
TABLE 44 HISTORICAL: INDUSTRIAL WAX MARKET SIZE IN PACKAGING APPLICATION, BY REGION, 2016–2026 (USD MILLION) 110
TABLE 45 INDUSTRIAL WAX MARKET SIZE IN PACKAGING APPLICATION, BY REGION, 2018–2025 (USD MILLION) 110
7.4 COATINGS & POLISHING 110
7.4.1 STEADY GROWTH OF THE COATINGS INDUSTRY TO DRIVE THE DEMAND 110
TABLE 46 HISTORICAL: INDUSTRIAL WAX MARKET SIZE IN COATINGS & POLISHING APPLICATION, BY REGION, 2016–2026 (TON) 111
TABLE 47 INDUSTRIAL WAX MARKET SIZE IN COATINGS & POLISHING APPLICATION,
BY REGION, 2018–2025 (TON) 111
TABLE 48 HISTORICAL: INDUSTRIAL WAX MARKET SIZE IN COATINGS & POLISHING APPLICATION, BY REGION, 2016–2026 (USD MILLION) 111
TABLE 49 INDUSTRIAL WAX MARKET SIZE IN COATINGS & POLISHING APPLICATION,
BY REGION, 2018–2025 (USD MILLION) 112
?
7.5 HOT-MELT ADHESIVE 112
7.5.1 GROWTH OF THE HOT-MELT ADHESIVE APPLICATION TO DRIVE THE MARKET GROWTH 112
FIGURE 26 GLOBAL HOT-MELT ADHESIVES MARKET SIZE, 2016-2019 (USD BILLION) 112
TABLE 50 HISTORICAL: INDUSTRIAL WAX MARKET SIZE IN HOT-MELT ADHESIVES APPLICATION, BY REGION, 2016–2026 (TON) 113
TABLE 51 INDUSTRIAL WAX MARKET SIZE IN HOT-MELT ADHESIVES APPLICATION,
BY REGION, 2018–2025 (TON) 113
TABLE 52 HISTORICAL: INDUSTRIAL WAX MARKET SIZE IN HOT-MELT ADHESIVES APPLICATION, BY REGION, 2016–2026 (USD MILLION) 113
TABLE 53 INDUSTRIAL WAX MARKET SIZE IN HOT-MELT ADHESIVES APPLICATION,
BY REGION, 2018–2025 (USD MILLION) 114
7.6 TIRE & RUBBER 114
7.6.1 DEMAND FOR INDUSTRIAL WAXES IS INLINED WITH THE PRODUCTION OF TIRES AND RUBBER GOODS ACROSS THE GLOBE 114
FIGURE 27 GLOBAL TIRE PRODUCTION SHARE, BY COUNTRY/REGION, 2019 114
TABLE 54 HISTORICAL: INDUSTRIAL WAX MARKET SIZE IN TIRES & RUBBER APPLICATION, BY REGION, 2016–2026 (TON) 115
TABLE 55 INDUSTRIAL WAX MARKET SIZE IN TIRES & RUBBER APPLICATION,
BY REGION, 2018–2025 (TON) 115
TABLE 56 HISTORICAL: INDUSTRIAL WAX MARKET SIZE IN TIRES & RUBBER APPLICATION, BY REGION, 2016–2026 (USD MILLION) 115
TABLE 57 INDUSTRIAL WAX MARKET SIZE IN TIRES & RUBBER APPLICATION,
BY REGION, 2018–2025 (USD MILLION) 116
7.7 COSMETICS & PERSONAL CARE 116
7.7.1 RISING DEMAND FOR COSMETICS & PERSONAL CARE PRODUCTS TO
DRIVE THE MARKET 116
FIGURE 28 GLOBAL COSMETICS MARKET SHARE, BY REGION, 2019 116
TABLE 58 HISTORICAL: INDUSTRIAL WAX MARKET SIZE IN COSMETICS & PERSONAL CARE APPLICATION, BY REGION, 2016–2026 (TON) 117
TABLE 59 INDUSTRIAL WAX MARKET SIZE IN COSMETICS & PERSONAL CARE APPLICATION, BY REGION, 2018–2025 (TON) 117
TABLE 60 HISTORICAL: INDUSTRIAL WAX MARKET SIZE IN COSMETICS & PERSONAL CARE APPLICATION, BY REGION, 2016–2026 (USD MILLION) 117
TABLE 61 INDUSTRIAL WAX MARKET SIZE IN COSMETICS & PERSONAL CARE APPLICATION, BY REGION, 2018–2025 (USD MILLION) 118
7.8 FOOD 118
7.8.1 HEALTHY GROWTH IN DEVELOPING COUNTRIES WILL SUPPORT
MARKET GROWTH 118
TABLE 62 HISTORICAL: INDUSTRIAL WAX MARKET SIZE IN FOOD APPLICATION,
BY REGION, 2016–2026 (TON) 118
TABLE 63 INDUSTRIAL WAX MARKET SIZE IN FOOD APPLICATION, BY REGION,
2018–2025 (TON) 119
TABLE 64 HISTORICAL: INDUSTRIAL WAX MARKET SIZE IN FOOD APPLICATION,
BY REGION, 2016–2026 (USD MILLION) 119
TABLE 65 INDUSTRIAL WAX MARKET SIZE IN FOOD APPLICATION, BY REGION,
2018–2025 (USD MILLION) 119
?
7.9 OTHERS 120
TABLE 66 HISTORICAL: INDUSTRIAL WAX MARKET SIZE IN OTHER APPLICATIONS,
BY REGION, 2016–2026 (TON) 120
TABLE 67 INDUSTRIAL WAX MARKET SIZE IN OTHER APPLICATIONS, BY REGION,
2018–2025 (TON) 120
TABLE 68 HISTORICAL: INDUSTRIAL WAX MARKET SIZE IN OTHER APPLICATIONS,
BY REGION, 2016–2026(USD MILLION) 121
TABLE 69 INDUSTRIAL WAX MARKET SIZE IN OTHER APPLICATIONS, BY REGION,
2018–2025 (USD MILLION) 121

8 INDUSTRIAL WAX MARKET, BY REGION 122
8.1 INTRODUCTION 123
FIGURE 29 INDIA TO BE THE FASTEST-GROWING INDUSTRIAL WAX MARKET 123
TABLE 70 HISTORICAL FORECAST: INDUSTRIAL WAX MARKET SIZE, BY REGION,
2016–2026 (TON) 124
TABLE 71 INDUSTRIAL WAX MARKET SIZE, BY REGION, 2018–2025 (TON) 124
TABLE 72 HISTORICAL FORECAST: INDUSTRIAL WAX MARKET SIZE, BY REGION,
2016–2026 (USD MILLION) 124
TABLE 73 INDUSTRIAL WAX MARKET SIZE, BY REGION, 2018–2025 (USD MILLION) 125
8.2 ASIA PACIFIC 125
FIGURE 30 APAC: INDUSTRIAL WAX MARKET SNAPSHOT 126
TABLE 74 HISTORICAL FORECAST APAC: INDUSTRIAL WAX MARKET SIZE, BY COUNTRY, 2016–2026 (TON) 126
TABLE 75 APAC: INDUSTRIAL WAX MARKET SIZE, BY COUNTRY, 2018–2025 (TON) 127
TABLE 76 HISTORICAL FORECAST APAC: INDUSTRIAL WAX MARKET SIZE, BY COUNTRY, 2016–2026 (USD MILLION) 127
TABLE 77 APAC: INDUSTRIAL WAX MARKET SIZE, BY COUNTRY,
2018–2025 (USD MILLION) 127
TABLE 78 HISTORICAL FORECAST APAC: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2016–2026 (TON) 128
TABLE 79 APAC: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2018–2025 (TON) 128
TABLE 80 HISTORICAL FORECAST APAC: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2016–2026 (USD MILLION) 128
TABLE 81 APAC: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION) 128
TABLE 82 APAC: INDUSTRIAL WAX MARKET SIZE, BY FOSSIL-BASED TYPE,
2018–2025 (TON) 129
TABLE 83 APAC: INDUSTRIAL WAX MARKET SIZE, BY FOSSIL-BASED TYPE,
2018–2025 (USD MILLION) 129
TABLE 84 APAC: INDUSTRIAL WAX MARKET SIZE, BY SYNTHETIC WAX TYPE,
2018–2025 (TON) 129
TABLE 85 APAC: INDUSTRIAL WAX MARKET SIZE, BY SYNTHETIC WAX TYPE,
2018–2025 (USD MILLION) 129
TABLE 86 HISTORICAL FORECAST APAC: INDUSTRIAL WAX MARKET SIZE,
BY APPLICATION, 2016–2026 (TON) 130
TABLE 87 APAC: INDUSTRIAL WAX MARKET SIZE, BY APPLICATION, 2018–2025 (TON) 130
TABLE 88 HISTORICAL FORECAST APAC: INDUSTRIAL WAX MARKET SIZE,
BY APPLICATION, 2016–2026 (USD MILLION) 131
TABLE 89 APAC: INDUSTRIAL WAX MARKET SIZE, BY APPLICATION,
2018–2025 (USD MILLION) 131
8.2.1 CHINA 131
8.2.1.1 Strong recovery from the repercussions of the COVID-19 pandemic will support the market 131
TABLE 90 HISTORICAL FORECAST CHINA: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2016–2026 (TON) 132
TABLE 91 CHINA: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2018–2025 (TON) 132
TABLE 92 HISTORICAL FORECAST CHINA: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2016–2026 (USD MILLION) 132
TABLE 93 CHINA: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION) 133
TABLE 94 CHINA: INDUSTRIAL WAX MARKET SIZE, BY FOSSIL-BASED TYPE,
2018–2025 (TON) 133
TABLE 95 CHINA: INDUSTRIAL WAX MARKET SIZE, BY FOSSIL-BASED TYPE,
2018–2025 (USD MILLION) 133
TABLE 96 CHINA: INDUSTRIAL WAX MARKET SIZE, BY SYNTHETIC WAX TYPE,
2018–2025 (TON) 133
TABLE 97 CHINA: INDUSTRIAL WAX MARKET SIZE, BY SYNTHETIC WAX TYPE,
2018–2025 (USD MILLION) 134
TABLE 98 HISTORICAL FORECAST CHINA: INDUSTRIAL WAX MARKET SIZE,
BY APPLICATION, 2016–2026 (TON) 134
TABLE 99 CHINA: INDUSTRIAL WAX MARKET SIZE, BY APPLICATION, 2018–2025 (TON) 134
TABLE 100 HISTORICAL FORECAST CHINA: INDUSTRIAL WAX MARKET SIZE,
BY APPLICATION, 2016–2026 (USD MILLION) 135
TABLE 101 CHINA: INDUSTRIAL WAX MARKET SIZE, BY APPLICATION,
2018–2025 (USD MILLION) 135
8.2.2 INDIA 135
8.2.2.1 Growing FDI investment in the manufacturing industry will support the market growth 135
TABLE 102 HISTORICAL FORECAST INDIA: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2016–2026 (TON) 136
TABLE 103 INDIA: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2018–2025 (TON) 136
TABLE 104 HISTORICAL FORECAST INDIA: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2016–2026 (USD MILLION) 136
TABLE 105 INDIA: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION) 137
TABLE 106 INDIA: INDUSTRIAL WAX MARKET SIZE, BY FOSSIL-BASED TYPE,
2018–2025 (TON) 137
TABLE 107 INDIA: INDUSTRIAL WAX MARKET SIZE, BY FOSSIL-BASED TYPE,
2018–2025 (USD MILLION) 137
TABLE 108 INDIA: INDUSTRIAL WAX MARKET SIZE, BY SYNTHETIC WAX TYPE,
2018–2025 (TON) 137
TABLE 109 INDIA: INDUSTRIAL WAX MARKET SIZE, BY SYNTHETIC WAX TYPE,
2018–2025 (USD MILLION) 138
TABLE 110 HISTORICAL FORECAST INDIA: INDUSTRIAL WAX MARKET SIZE,
BY APPLICATION, 2016–2026 (TON) 138
TABLE 111 INDIA: INDUSTRIAL WAX MARKET SIZE, BY APPLICATION, 2018–2025 (TON) 138
TABLE 112 HISTORICAL FORECAST INDIA: INDUSTRIAL WAX MARKET SIZE,
BY APPLICATION, 2016–2026 (USD MILLION) 139
TABLE 113 INDIA: INDUSTRIAL WAX MARKET SIZE, BY APPLICATION,
2018–2025 (USD MILLION) 139
8.2.3 JAPAN 139
8.2.3.1 Steady growth in the production of tires, coatings, and cosmetics in the country will drive the market 139
FIGURE 31 JAPAN’S PARAFFIN WAX PRODUCTION (TON), 2015-2019 140
FIGURE 32 JAPAN’S COSMETICS AND PAINTS & PRINTING INKS PRODUCTION (TON), 2015-2019 140
TABLE 114 HISTORICAL FORECAST JAPAN: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2016–2026 (TON) 141
TABLE 115 JAPAN: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2018–2025 (TON) 141
TABLE 116 HISTORICAL FORECAST JAPAN: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2016–2026, (USD MILLION) 141
TABLE 117 JAPAN: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION) 141
TABLE 118 JAPAN: INDUSTRIAL WAX MARKET SIZE, BY FOSSIL-BASED TYPE,
2018–2025 (TON) 142
TABLE 119 JAPAN: INDUSTRIAL WAX MARKET SIZE, BY FOSSIL-BASED TYPE,
2018–2025 (USD MILLION) 142
TABLE 120 JAPAN: INDUSTRIAL WAX MARKET SIZE, BY SYNTHETIC WAX TYPE,
2018–2025 (TON) 142
TABLE 121 JAPAN: INDUSTRIAL WAX MARKET SIZE, BY SYNTHETIC WAX TYPE,
2018–2025 (USD MILLION) 142
TABLE 122 HISTORICAL FORECAST JAPAN: INDUSTRIAL WAX MARKET SIZE,
BY APPLICATION, 2016–2026 (TON) 143
TABLE 123 JAPAN: INDUSTRIAL WAX MARKET SIZE, BY APPLICATION, 2018–2025 (TON) 143
TABLE 124 HISTORICAL FORECAST JAPAN: INDUSTRIAL WAX MARKET SIZE,
BY APPLICATION, 2016–2026 (USD MILLION) 143
TABLE 125 JAPAN: INDUSTRIAL WAX MARKET SIZE, BY APPLICATION,
2018–2025 (USD MILLION) 144
8.2.4 SOUTH KOREA 144
8.2.4.1 The steady growth of the manufacturing sector will provide an impetus for the market growth 144
TABLE 126 HISTORICAL FORECAST SOUTH KOREA: INDUSTRIAL WAX MARKET SIZE,
BY TYPE, 2016–2026 (TON) 144
TABLE 127 SOUTH KOREA: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2018–2025 (TON) 145
TABLE 128 HISTORICAL FORECAST SOUTH KOREA: INDUSTRIAL WAX MARKET SIZE,
BY TYPE, 2016–2026 (USD MILLION) 145
TABLE 129 SOUTH KOREA: INDUSTRIAL WAX MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 145
TABLE 130 SOUTH KOREA: INDUSTRIAL WAX MARKET SIZE, BY FOSSIL-BASED TYPE, 2018–2025 (TON) 145
TABLE 131 SOUTH KOREA: INDUSTRIAL WAX MARKET SIZE, BY FOSSIL-BASED TYPE, 2018–2025 (USD MILLION) 146
TABLE 132 SOUTH KOREA: INDUSTRIAL WAX MARKET SIZE, BY SYNTHETIC WAX TYPE, 2018–2025 (TON) 146
TABLE 133 SOUTH KOREA: INDUSTRIAL WAX MARKET SIZE, BY SYNTHETIC WAX TYPE, 2018–2025 (USD MILLION) 146
TABLE 134 HISTORICAL FORECAST SOUTH KOREA: INDUSTRIAL WAX MARKET SIZE,
BY APPLICATION, 2016–2026 (TON) 146
TABLE 135 SOUTH KOREA: INDUSTRIAL WAX MARKET SIZE, BY APPLICATION,
2018–2025 (TON) 147
TABLE 136 HISTORICAL FORECAST SOUTH KOREA: INDUSTRIAL WAX MARKET SIZE,
BY APPLICATION, 2016–2026 (USD MILLION) 147
TABLE 137 SOUTH KOREA: INDUSTRIAL WAX MARKET SIZE, BY APPLICATION,
2018–2025 (USD MILLION) 147
8.2.5 INDONESIA 148
8.2.5.1 Growing investment in capacity expansion of several industries will spur the demand 148
TABLE 138 HISTORICAL FORECAST INDONESIA: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2016–2026 (TON) 148
TABLE 139 INDONESIA: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2018–2025 (TON) 148
TABLE 140 HISTORICAL FORECAST INDONESIA: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2016–2026 (USD MILLION) 148
TABLE 141 INDONESIA: INDUSTRIAL WAX MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 149
TABLE 142 INDONESIA: INDUSTRIAL WAX MARKET SIZE, BY FOSSIL-BASED TYPE,
2018–2025 (TON) 149
TABLE 143 INDONESIA: INDUSTRIAL WAX MARKET SIZE, BY FOSSIL-BASED TYPE,
2018–2025 (USD MILLION) 149
TABLE 144 INDONESIA: INDUSTRIAL WAX MARKET SIZE, BY SYNTHETIC WAX TYPE, 2018–2025 (TON) 149
TABLE 145 INDONESIA: INDUSTRIAL WAX MARKET SIZE, BY SYNTHETIC WAX TYPE, 2018–2025 (USD MILLION) 150
TABLE 146 HISTORICAL FORECAST INDONESIA: INDUSTRIAL WAX MARKET SIZE,
BY APPLICATION, 2016–2026 (TON) 150
TABLE 147 INDONESIA: INDUSTRIAL WAX MARKET SIZE, BY APPLICATION,
2018–2025 (TON) 150
TABLE 148 HISTORICAL FORECAST INDONESIA: INDUSTRIAL WAX MARKET SIZE,
BY APPLICATION, 2016–2026 (USD MILLION) 151
TABLE 149 INDONESIA: INDUSTRIAL WAX MARKET SIZE, BY APPLICATION,
2018–2025 (USD MILLION) 151
8.2.6 THAILAND 152
8.2.6.1 Expected recovery from the economic downturn, coupled with rising investment in the industrial sector, will support market growth 152
TABLE 150 HISTORICAL FORECAST THAILAND: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2016–2026 (TON) 152
TABLE 151 THAILAND: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2018–2025 (TON) 152
TABLE 152 HISTORICAL FORECAST THAILAND: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2016–2026 (USD MILLION) 152
TABLE 153 THAILAND: INDUSTRIAL WAX MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 153
TABLE 154 THAILAND: INDUSTRIAL WAX MARKET SIZE, BY FOSSIL-BASED TYPE,
2018–2025 (TON) 153
TABLE 155 THAILAND: INDUSTRIAL WAX MARKET SIZE, BY FOSSIL-BASED TYPE,
2018–2025 (USD MILLION) 153
TABLE 156 THAILAND: INDUSTRIAL WAX MARKET SIZE, BY SYNTHETIC WAX TYPE,
2018–2025 (TON) 153
TABLE 157 THAILAND: INDUSTRIAL WAX MARKET SIZE, BY SYNTHETIC WAX TYPE,
2018–2025 (USD MILLION) 154
TABLE 158 HISTORICAL FORECAST THAILAND: INDUSTRIAL WAX MARKET SIZE,
BY APPLICATION, 2016–2026 (TON) 154
TABLE 159 THAILAND: INDUSTRIAL WAX MARKET SIZE, BY APPLICATION,
2018–2025 (TON) 154
TABLE 160 HISTORICAL FORECAST THAILAND: INDUSTRIAL WAX MARKET SIZE,
BY APPLICATION, 2016–2026 (USD MILLION) 155
TABLE 161 THAILAND: INDUSTRIAL WAX MARKET SIZE, BY APPLICATION,
2018–2025 (USD MILLION) 155
8.2.7 VIETNAM 155
8.2.7.1 The candle industry will drive the market in the country 155
TABLE 162 HISTORICAL FORECAST VIETNAM: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2016–2026 (USD MILLION) 156
TABLE 163 VIETNAM: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2018–2025 (TON) 156
TABLE 164 HISTORICAL FORECAST VIETNAM: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2016–2026 (TON) 156
TABLE 165 VIETNAM: INDUSTRIAL WAX MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 156
TABLE 166 VIETNAM: INDUSTRIAL WAX MARKET SIZE, BY FOSSIL-BASED TYPE,
2018–2025 (TON) 157
TABLE 167 VIETNAM: INDUSTRIAL WAX MARKET SIZE, BY FOSSIL-BASED TYPE,
2018–2025 (USD MILLION) 157
TABLE 168 VIETNAM: INDUSTRIAL WAX MARKET SIZE, BY SYNTHETIC WAX TYPE,
2018–2025 (TON) 157
TABLE 169 VIETNAM: INDUSTRIAL WAX MARKET SIZE, BY SYNTHETIC WAX TYPE,
2018–2025 (USD MILLION) 157
TABLE 170 HISTORICAL FORECAST VIETNAM: INDUSTRIAL WAX MARKET SIZE,
BY APPLICATION, 2016–2026 (TON) 158
TABLE 171 VIETNAM: INDUSTRIAL WAX MARKET SIZE, BY APPLICATION,
2018–2025 (TON) 158
TABLE 172 HISTORICAL FORECAST VIETNAM: INDUSTRIAL WAX MARKET SIZE,
BY APPLICATION, 2016–2026 (USD MILLION) 159
TABLE 173 VIETNAM: INDUSTRIAL WAX MARKET SIZE, BY APPLICATION,
2018–2025 (USD MILLION) 159
8.2.8 REST OF APAC 160
TABLE 174 HISTORICAL FORECAST REST OF APAC: INDUSTRIAL WAX MARKET SIZE,
BY TYPE, 2016–2026 (TON) 160
TABLE 175 REST OF APAC: INDUSTRIAL WAX MARKET SIZE, BY TYPE, 2018–2025 (TON) 160
TABLE 176 HISTORICAL FORECAST REST OF APAC: INDUSTRIAL WAX MARKET SIZE,
BY TYPE, 2016–2026 (USD MILLION) 160
TABLE 177 REST OF APAC: INDUSTRIAL WAX MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 160
TABLE 178 REST OF APAC: INDUSTRIAL WAX MARKET SIZE, BY FOSSIL-BASED TYPE, 2018–2025 (TON) 161
TABLE 179 REST OF APAC: INDUSTRIAL WAX MARKET SIZE, BY FOSSIL-BASED TYPE, 2018–2025 (USD MILLION) 161
TABLE 180 REST OF APAC: INDUSTRIAL WAX MARKET SIZE, BY SYNTHETIC WAX TYPE, 2018–2025 (TON) 161
TABLE 181 REST OF APAC: INDUSTRIAL WAX MARKET SIZE, BY SYNTHETIC WAX TYPE, 2018–2025 (USD MILLION) 161
TABLE 182 HISTORICAL FORECAST REST OF APAC: INDUSTRIAL WAX MARKET SIZE,
BY APPLICATION, 2016–2026 (TON) 162
TABLE 183 REST OF APAC: INDUSTRIAL WAX MARKET SIZE, BY APPLICATION,
2018–2025 (TON) 162
TABLE 184 HISTORICAL FORECAST REST OF APAC: INDUSTRIAL WAX MARKET SIZE,
BY APPLICATION, 2016–2026 (USD MILLION) 163
TABLE 185 REST OF APAC: INDUSTRIAL WAX MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION) 163
8.3 NORTH AMERICA 164
FIGURE 33 NORTH AMERICA: INDUSTRIAL WAX MARKET SNAPSHOT 164
TABLE 186 HISTORICAL FORECAST NORTH AMERICA: INDUSTRIAL WAX MARKET SIZE,
BY COUNTRY, 2016–2026 (TON) 165
TABLE 187 NORTH AMERICA: INDUSTRIAL WAX MARKET SIZE, BY COUNTRY,
2018–2025 (TON) 165
TABLE 188 HISTORICAL FORECAST NORTH AMERICA: INDUSTRIAL WAX MARKET SIZE,
BY COUNTRY, 2016–2026 (USD MILLION) 165
TABLE 189 NORTH AMERICA: INDUSTRIAL WAX MARKET SIZE, BY COUNTRY,
2018–2025 (USD MILLION) 165
TABLE 190 HISTORICAL FORECAST NORTH AMERICA: INDUSTRIAL WAX MARKET SIZE,
BY TYPE, 2016–2026 (TON) 166
TABLE 191 NORTH AMERICA: INDUSTRIAL WAX MARKET SIZE, BY TYPE,
2018–2025 (TON) 166
TABLE 192 HISTORICAL FORECAST NORTH AMERICA: INDUSTRIAL WAX MARKET SIZE,
BY TYPE, 2016–2026 (USD MILLION) 166
TABLE 193 NORTH AMERICA: INDUSTRIAL WAX MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 166
TABLE 194 NORTH AMERICA: INDUSTRIAL WAX MARKET SIZE, BY FOSSIL-BASED TYPE, 2018–2025 (TON) 167
TABLE 195 NORTH AMERICA: INDUSTRIAL WAX MARKET SIZE, BY FOSSIL-BASED TYPE, 2018–2025 (USD MILLION) 167
TABLE 196 NORTH AMERICA: INDUSTRIAL WAX MARKET SIZE, BY SYNTHETIC WAX TYPE, 2018–2025 (TON) 167
TABLE 197 NORTH AMERICA: INDUSTRIAL WAX MARKET SIZE, BY SYNTHETIC WAX TYPE, 2018–2025 (USD MILLION) 167
TABLE 198 HISTORICAL FORECAST NORTH AMERICA: INDUSTRIAL WAX MARKET SIZE,