(Food-Beverage-News.Com, January 19, 2016 ) The factors driving the growth of the global market include growing base of end-user industries and increasing demand of natural waxes. Waxes have applications in several industries ranging from ink and coatings to packaging, paints to textile, electrical and electronics to rubber, and cosmetics and pharmaceuticals to food. Despite sluggish growth in the paraffin wax production, the demand for waxes in several industries is increasing. The growing base of end-user industries is creating demand for huge production of waxes, especially the natural and synthetic waxes.
The information and data in the publication Global Wax Market Size, Share, Development, Growth and Demand Forecast to 2020, represents the research and analysis of data from various primary and secondary sources. A top down approach has been used to calculate the market size. P&S Market Research analysts and consultants interacted with leading companies of the concerned domain to substantiate every value of data presented in this report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.
During 2015-2020, the health industries application segment is expected to witness the fastest growth, a CAGR of 5.1%, within the global wax market in terms of value.
Some of the major players operating in the global wax market are China National Petroleum Corporation, Exxon Mobil Corporation, Royal Dutch Shell PLC, Sasol Limited, The Lubrizol Corporation, Petrσleo Brasileiro S.A., Honeywell International Inc., Akzo Nobel N.V., Evonik Industries AG, and Hexion Inc.
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