Key Findings
The industrial wax market of North America is estimated to register a CAGR of 4.69% during the projected period of 2020-2028. The oil and gas market of North America is expected to improve as oil prices are predicted to stabilize in the coming years.It will drive shale exploration, which will further propel the opportunities for new alternatives for fuels. Due to the decline in paraffin wax supply in the market region, there is continuous closure of the plants of Group I base oil. North America leads in innovation and is a developed market as far as research and development, and new product development is concerned.

Market Insights
The North American industrial wax market, is further studied by surveying the markets in the US and Canada. In Canada, the oil and gas industry is the largest employer and private sector investor in the country. The Canadian industrial wax market follows similar trends as that of the US industrial wax market. The packaging industry is also contributing to the growth of the industrial wax market. The Canadian packaging industry is dominated by considerable demand for multiple-use products that are sustainable and can be recycled. The packaging innovations in beauty and personal care, packaged food, alcohol, and non-alcoholic drinks are focused around smaller pack sizes or resilient materials that are suitable for different consumption purposes. The packaging market is evaluated to reach up to $27.7 billion in 2022. All these factors are expected to influence the industrial wax market in Canada positively.

Competitive Insights
Exxon Mobil Corporation, NK Lukoil PAO, International Group Inc. HCI, Sasol Limited, etc. are some of the major companies operating in the market.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments