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Global Wax market report just published by Credence Research Inc.

The global wax market is expected to grow at a CAGR of 3.2% from 2017 to 2025.

The purpose of the report is to illustrate the state of the market of Wax, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.[Continue reading….]

Currently though there is strong supply of natural and synthetic wax, but with time there are concern whether overall supply of wax would be able to meet the rising demand of wax. The global wax market that is dominated by petroleum wax is now on decline. Over past few years there is significant decrease in Group I lubricant and wax capacity in North America and lately in Europe too. Petroleum waxes are derived from lower quality base oils and majority of refiners are drifting away from producing these base oils, which would lead to shortage of petroleum waxes. Moreover, these refiners with evolving technology are now switching to catalytic dewaxing technologies, which do not produce wax.

Competitive Insights

PetroChina, ExxonMobil and Sinopec are the top three suppliers of petroleum wax globally. Together, these three accounted for more than 35% share of the global petroleum wax capacity. CNPC and Sinopec, ExxonMobil Corp, and Shell oil are the top three producers of wax globally. Together, these three produce wax more than 30.0 million tons. Sasol Wax and Lukoil among others are some of the other prominent players present in this market.

Key Trends

  • Rising demand from emerging economies
  • Evolving technology
  • Rising demand from end use industries

Browse here for full report with Toc: https://www.credenceresearch.com/report/wax-market

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Wax buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

[The report is originally published on Credence Research Inc.]

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Wax contains:

Analysis and forecast of Wax market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Wax market;

Assessment and forecast of Wax market development;

Financial and business profiles of the leading companies in the Wax industry.

Scope

– Up to date working Wax data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Wax for the period 2018 to 2026

– Planned Wax additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Wax projects by region, key countries, and companies

– Details of major planned Wax projects in the world up to 2026

Browse here for full report with Toc: https://www.credenceresearch.com/report/wax-market

Also you can request us for sample in pdf with more details and graph: https://www.credenceresearch.com/sample-request/58714

About Us

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

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