Micronized Wax Market Key Insights and Booming Factor Supporting Growth till 2028

Published: Mon May 20 2019

A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled "Micronized Wax Market Key Insights and Booming Factor Supporting Growth till 2028" which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview.

The micronized wax market report covers market analysis through basis point analysis (BPS), incremental dollar opportunity index, market attractiveness analysis, and Y-o-Y growth. The volume analysis for the micronized wax market has been considered in 'tons', covering data for the historical period 2013–2017 and forecast for 2018–2028, with 2017 as the base year.

The micronized wax market report begins with an executive summary covering a gist of the report. The executive summary highlights the global micronized wax market overview in terms of value and volume through various segments. The section also covers key supply- and demand-side trends in the global micronized wax market. This section also outlines a technology roadmap with the introduction, adoption, and current developments in the micronized wax market.

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The next section of the micronized wax market report begins with market definition, market taxonomy, and research scope of the micronized wax market.

The next section that follows in the global micronized wax market report includes the macroeconomic factors, along with the value chain analysis, drivers, restraints, trends, and opportunities having a profound rate of influence on the growth of the micronized wax market. The information has been backed up with suitable examples and facts as obtained from official and authentic data credentials in the micronized wax market.

The next section provides a pricing analysis of micronized wax on the basis of regional fronts, wherein, the weighted average price has been computed to arrive at the global average prices. The primary objective of the micronized wax market report is to offer key insights on competition positioning, current trends, market potential, growth rates, and other relevant statistics.

In the final section of the micronized wax market report, we have provided a competition analysis with market share analysis pertaining to the micronized wax market, and the performance of manufacturers by a tier-down structure of the global micronized wax market. In the competition dashboard section of the global micronized wax market report, we have provided a dashboard view of major players, along with their market shares and key business strategies. This would enable clients to evaluate the strategies deployed by market leaders, and consequently help them develop effective strategies in the micronized wax market.

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The first stage of micronized wax research entailed the formulation of a preliminary hypothesis, which was considered from primary as well as secondary approaches. To analyse the micronized wax market share and competition analysis, we tracked the key developments in the micronized wax market, such as collaborations, expansion, mergers & acquisitions, new orders, product launches, awards, and recognition for the companies operating in the market. Competition benchmarking has been provided for the top 5 competitors with respect to sales performance of micronized wax.

Micronized Wax Market: Key Research Findings

Micronized wax market size in 2017 was US$ 601.4 Mn.

The micronized wax market is expected to observe a moderate growth rate of 4.0% over 2018-2028.

  1. The industrial wax market was around ~US$ 12.8 Bn in 2017, with the global market being dominated by fossil-based (petroleum) market with around 85% share.

Global petroleum wax was valued at US$ 9.8 billion in 2017.

Foodstuff packaging held a prominent share in the global petroleum market, followed by the pharmaceutical industry.

North America and Europe account for more than 50% of the global petroleum wax demand.

Petroleum-based products are gaining more prominence compared to the other types, mostly due to their large production scales compared to natural waxes.

The global micronized wax market accounted for a share of around 6-8% in the overall fossil-based market in 2017.

North America, Europe, and China represent significant growth opportunities. At the same time, more developed regions are experiencing substantial business and demographic modifications that will transform value chains in the segment.

Europe is projected to hold a relatively prominent share in the global micronized wax market.

The requirement for micronized wax across various applications such as plastic processing, inks and coatings, and adhesives among others. This is anticipated to lay a strong base for the robust growth of the global micronized wax market.

In terms of growth opportunities in the micronized wax market, Europe, North America, and China, are expected to generate high demand for micronized wax.

By product type, the synthetic wax segment is projected to be a very lucrative segment in the micronized wax market, with a value share of over 90%, as registered in 2018.

The growing demand for micronized wax for packaging and building material applications is projected to boost the growth of the synthetic micronized wax market in the coming years.

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