工業用ワックス市場 – 2030年までの世界予測

Industrial Wax Market - Global Forecast To 2030

工業用ワックス市場 - タイプ(化石ワックス、合成ワックス、バイオワックス)、形状(固体、粉末エマルジョン、液体)、用途(キャンドル、包装、コーティングおよび研磨、建築材料、その他の用途)、および地域別 - 2030年までの世界予測
Industrial Wax Market by Type (Fossil-based Wax, Synthetic Wax, Bio-based Wax), Form (Solid, Powdered Emulsions & Liquids), Application (Candles, Packaging, Coatings & Polishing, Building Materials, Other Applications), and Region - Global Forecast to 2030

商品番号 : SMB-

出版社MarketsandMarkets
出版年月2025年9月
ページ数319
図表数476
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本調査レポートは、工業用ワックス市場を、タイプ(化石ワックス、合成ワックス、バイオワックス)、形状(固体、粉末、エマルジョンおよび液体)、用途(キャンドル、包装、コーティングおよび研磨、ホットメルト接着剤、タイヤおよびゴム、化粧品およびパーソナルケア、食品、およびその他の用途)、および地域(アジア太平洋、北米、ヨーロッパ、南米、中東およびアフリカ)に基づいて分類しています。レポートの範囲は、工業用ワックス市場の成長に影響を与える推進要因、制約、課題、および機会に関する詳細な情報を網羅しています。主要な業界プレーヤーの詳細な分析は、工業用ワックス市場に関連する事業概要、提供製品、およびパートナーシップ、コラボレーション、合併、買収、製品発売、および拡張などの主要戦略に関する洞察を提供するために行われました。本レポートは、工業用ワックス市場のエコシステムにおける今後の新興企業の競合分析を網羅しています。
本レポートは、市場リーダー企業および新規参入企業に対し、工業用ワックス市場全体および各サブセグメントの収益数値に関する近似値を提供します。本レポートは、ステークホルダーが競争環境を理解し、事業のポジショニングを改善するための洞察を深め、適切な市場開拓戦略を策定するのに役立ちます。また、ステークホルダーが市場の動向を把握し、主要な市場牽引要因、制約要因、課題、そして機会に関する情報を提供するのに役立ちます。

工業用ワックス市場は、2025 年の 114 億米ドルから 2030 年には 142 億米ドルに拡大し、年平均成長率 (CAGR) は 4.4% になると予測されています。

工業用ワックス市場は、住宅、商業、産業用途において、顧客が高性能で環境に優しい省エネソリューションを求めているため、成長の勢いを維持しています。開発された工業用ワックス製品には、断熱性、耐湿性、表面保護機能に加え、耐久性が向上しており、包装、コーティング、化粧品、接着剤などの用途に使用できます。製造業界は現在、持続可能でリサイクル可能な材料の使用を推進しており、環境基準と性能基準の両方を満たすバイオベースおよび合成代替材料の使用を促進しています。厳格な処理方法とカスタマイズされた配合を実施することで、企業は製品の品​​質と使いやすさを向上させています。規制ガバナンスへの準拠が求められる企業にとって、工業用ワックスは貴重な化合物であり、優れた実用機能と製品の外観向上をもたらします。

The industrial wax market is projected to grow from USD 11.4 billion in 2025 to USD 14.2 billion by 2030, at a CAGR of 4.4%.

Industrial wax market growth maintains its momentum because customers seek high-performance environmentally friendly energy-saving solutions across residential commercial and industrial applications. Industrial wax products developed include enhanced durability features together with thermal insulation properties, moisture resistance, and surface protection capabilities, which enable their use in packaging, coating, cosmetic, and adhesive applications. The manufacturing industry is currently promoting sustainable and recyclable material use, prompting bio-based and synthetic alternative materials that meet both environmental and performance criteria. By implementing rigorous processing methods and tailored formulas, companies have increased quality and usability of products. For companies with requirements to comply with regulatory governance, industrial waxes are valuable compounds, providing premium practical functions as well as visual improvement to products.

工業用ワックス市場 - 2030年までの世界予測
industrial-wax-market-Overview

“Emulsions & liquids to be the fastest-growing segment in the industrial wax market during the forecast period”

Emulsions & liquids are poised to grow the fastest because producers are pivoting from solvent-borne to water-based systems to meet VOC, worker safety, and fire code rules. These formats are easier to pump, meter, and disperse into aqueous coatings, adhesives, and additives for paper & packaging, textiles, wood, and construction, enabling lower processing temperatures, energy savings, and tighter process control. Explosive e-commerce packaging, food-contact paper, and high-speed digital printing raises demand for repulpable, heat-seal, and barrier coatings that wax emulsions deliver. Advances in polymer-wax hybrid chemistries, bio-based feedstocks, and nanoemulsion technology are improving film performance and compatibility, broadening use cases and accelerating adoption across end markets.

“The cosmetics and personal care segment to be the fastest-growing application”

The cosmetics and personal care segment is anticipated to be the most rapidly expanding application category in the industrial wax market, driven by increasing global demand for skincare, haircare, and grooming products. Waxes are extensively utilized as emollients, structural agents, and transporters in formulations such as lip balms, lotions, creams, and mascaras. The transition to natural and sustainable ingredients has intensified interest in bio-based and synthetic waxes as substitutes for petroleum-derived alternatives. Furthermore, rising disposable incomes, urbanization, and heightened awareness of personal grooming—particularly in emerging markets—are broadening the consumer demographic. The advancement of product textures and multifunctional formulations facilitates the increasing incorporation of specialized waxes in high-end cosmetic products.

工業用ワックス市場 - 2030年までの世界予測 - 地域
industrial-wax-market-Region

“Asia Pacific to be the fastest-growing regional market for industrial wax during the forecast period”

Asia Pacific was the largest market for the industrial wax in 2024. Urbanization of major Asia Pacific economies like China, India, Vietnam, and Indonesia at a fast pace has fueled infrastructure development, thus propeling the requirement for industrial waxes. Industrial waxes find applications in various construction-related uses, such as coatings, polishes, insulation products, and adhesives. A good case in point is India’s National Infrastructure Pipeline (NIP), which has scheduled investing around USD 1.4 trillion over the period 2019 to 2025. This mega investment can be anticipated to spur the consumption of building materials. The area also benefits from low production costs, an educated workforce, and foreign investments growing in the construction, industrialization, and automotive fields.

Additionally, the Asia Pacific region’s packaging industry, particularly in China and India, is experiencing robust growth because of the fast pace of e-commerce and fast-moving consumer goods (FMCG) industries. Industrial waxes—paraffin and synthetic—are widely used in packaging products like corrugated box coatings, linerboards, and protective films. For instance, China’s e-commerce market in 2023 crossed USD 3 trillion.

  • By Company Type: Tier 1: 25%, Tier 2: 42%, and Tier 3: 33%
  • By Designation: C-level Executives: 20%, Directors: 30%, and Other Designations: 50%
  • By Region: North America: 20%, Europe: 10%, Asia Pacific: 40%, South America: 10%, and Middle East & Africa 20%

Note: Other designations include sales, marketing, and product managers.

Tier 1: >USD 1 Billion; Tier 2: USD 500 million: 1 Billion; and Tier 3: <USD 500 million

Companies Covered: Exxon Mobil Corporation (US), Shell plc (UK), Sasol (South Africa), Numaligarh Refinery Limited (India), Petrobras (Brazil), Moeve (Spain), China Petroleum & Chemical Corporation (China), HF Sinclair Corporation (US), Calumet, Inc., and Gandhar Oil Refinery (India) are covered in the report. The study includes an in-depth competitive analysis of these key players in the industrial wax market, as well as their company profiles, recent developments, and key market strategies.

工業用ワックス市場 - 2030年までの世界予測 - 対象となる企業
industrial-wax-market-Ecosystem

Research Coverage

This research report categorizes the industrial wax market based on Type (Fossil-based wax, Synthetic wax, and Bio-based wax), Form (Solid, Powdered, Emulsions & Liquids), Application (Candles, Packaging, Coatings & Polishing, Hot-melt Adhesive, Tire & Rubber, Cosmetics & Personal Care, Food, and Other Applications ) and Region (Asia Pacific, North America, Europe, South America, and Middle East & Africa). The report’s scope covers detailed information regarding the drivers, restraints, challenges, and opportunities influencing the growth of the industrial wax market. A detailed analysis of the key industry players has been done to provide insights into their business overviews, products offered, and key strategies, such as partnerships, collaborations, mergers, acquisitions, product launches, and expansions, associated with the industrial wax market. This report covers a competitive analysis of upcoming startups in the industrial wax market ecosystem.

Reasons to Buy the Report

The report will offer the market leaders/new entrants information on the closest approximations of the revenue numbers for the overall industrial wax market and the subsegments. This report will help stakeholders understand the competitive landscape, gain more insights into positioning their businesses better, and plan suitable go-to-market strategies. The report will help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights into the following points:

  • Analysis of key drivers (Growing packaging demand fueling the industrial wax market, Growth of the cosmetics & personal care industry supports market growth, Rising adoption of waxes in the tire & rubber application, and Steady growth in candle production with product advancement across the globe), restraints (Environmental regulations and restrictions, and Availability of alternatives and capital-intensive production), opportunities (Sustainable and bio-based wax innovation, and Emerging markets and urbanization), and challenges (Price volatility of raw materials and Supply-demand imbalance, import dependency, and product performance consistency)
  • Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and product & service launches in the industrial wax market
  • Market Development: Comprehensive information about profitable markets–the report analyzes the industrial wax market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the industrial wax market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as Exxon Mobil Corporation (US), Shell plc (UK), Sasol (South Africa), Numaligarh Refinery Limited (India), Petrobras (Brazil), Moeve (Spain), China Petroleum & Chemical Corporation (China), HF Sinclair Corporation (US), Calumet, Inc., and Gandhar Oil Refinery (India), among others

Table of Contents

1               INTRODUCTION              28

1.1           STUDY OBJECTIVES       28

1.2           MARKET DEFINITION   28

1.3           STUDY SCOPE   30

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      30

1.3.2        INCLUSIONS AND EXCLUSIONS 31

1.3.3        YEARS CONSIDERED      32

1.3.4        CURRENCY CONSIDERED            32

1.3.5        UNITS CONSIDERED      32

1.4           STAKEHOLDERS               32

1.5           RESEARCH LIMITATIONS             33

1.6           SUMMARY OF CHANGES               33

2               RESEARCH METHODOLOGY       34

2.1           RESEARCH DATA              34

2.1.1        SECONDARY DATA          35

2.1.1.1    Key data from secondary sources       35

2.1.2        PRIMARY DATA 36

2.1.2.1    Key data from primary sources           36

2.1.2.2    Key industry insights           37

2.2           MARKET SIZE ESTIMATION         38

2.3           BASE NUMBER CALCULATION   39

2.4           MARKET FORECAST APPROACH                39

2.4.1        SUPPLY SIDE     39

2.4.2        DEMAND SIDE  39

2.5           DATA TRIANGULATION                40

2.6           FACTOR ANALYSIS          41

2.7           RESEARCH ASSUMPTIONS           41

2.8           RESEARCH LIMITATIONS AND RISK ASSESSMENT                 42

2.9           RISK ASSESSMENT           42

3               EXECUTIVE SUMMARY  43

4               PREMIUM INSIGHTS       47

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INDUSTRIAL WAX MARKET         47

4.2           ASIA PACIFIC INDUSTRIAL WAX MARKET, BY TYPE AND COUNTRY            48

4.3           INDUSTRIAL WAX MARKET, BY TYPE      48

4.4           INDUSTRIAL WAX MARKET, BY APPLICATION   49

4.5           INDUSTRIAL WAX MARKET, BY FORM    49

4.6           INDUSTRIAL WAX MARKET, BY COUNTRY            50

5               MARKET OVERVIEW       51

5.1           INTRODUCTION              51

5.2           MARKET DYNAMICS       51

5.2.1        DRIVERS               52

5.2.1.1    Growing demand in packaging industry           52

5.2.1.2    Expanding cosmetics & personal care industry                52

5.2.1.3    Rising adoption of waxes in tire & rubber application    54

5.2.1.4    Growing demand for candles as lifestyle and decorative products                 55

5.2.2        RESTRAINTS      56

5.2.2.1    Environmental regulations and restrictions related to petroleum-based waxes           56

5.2.2.2    Availability of alternatives and capital-intensive production                 56

5.2.3        OPPORTUNITIES              56

5.2.3.1    Development of sustainable and bio-based wax              56

5.2.3.2    Rapid urbanization and increased consumer spending on personal care and automobile products             56

5.2.4        CHALLENGES    57

5.2.4.1    Volatile raw material prices 57

5.2.4.2    Supply–demand imbalance, import dependency, and product performance consistency     57

5.3           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            57

5.3.1        YC SHIFT              59

5.3.2        YCC SHIFT           60

5.4           ECOSYSTEM ANALYSIS  60

5.5           VALUE CHAIN ANALYSIS               62

5.6           TARIFF AND REGULATORY LANDSCAPE               65

5.6.1        TARIFF ANALYSIS (HS CODE 2712)            65

5.6.2        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             66

5.6.3        REGULATIONS RELATED TO INDUSTRIAL WAX 69

5.7           PRICING ANALYSIS          70

5.7.1        AVERAGE SELLING PRICE TREND OF KEY PLAYERS,  BY APPLICATION, 2024         70

5.7.2        AVERAGE SELLING PRICE TREND, BY REGION, 2021–2025                 71

5.8           TRADE ANALYSIS             72

5.8.1        EXPORT SCENARIO (HS CODE 2712)        72

5.8.2        IMPORT SCENARIO (HS CODE 2712)        73

5.9           TECHNOLOGY ANALYSIS             74

5.9.1        KEY TECHNOLOGIES     74

5.9.1.1    Fischer-tropsch synthesis    74

5.9.1.2    Solvent dewaxing  74

5.9.1.3    Hydrotreating technology   75

5.9.2        COMPLEMENTARY TECHNOLOGIES       75

5.9.2.1    Emulsification technology   75

5.9.2.2    Blending and compounding equipment            75

5.9.3        ADJACENT TECHNOLOGIES       76

5.9.3.1    Hot-melt adhesive technology            76

5.9.3.2    Precision casting technology               76

5.10         PATENT ANALYSIS          76

5.10.1      INTRODUCTION              76

5.10.2      METHODOLOGY              76

5.10.3      TOP APPLICANT ANALYSIS         77

5.11         KEY CONFERENCES AND EVENTS, 2025–2026        82

5.12         CASE STUDY ANALYSIS 83

5.12.1      ENHANCING COSMETIC FORMULATION PERFORMANCE WITH MICROCRYSTALLINE WAX INNOVATION                 83

5.12.2      EXTENDING RUBBER PRODUCT LIFESPAN USING FISCHER-TROPSCH

WAX-BASED PROTECTIVE SOLUTIONS 83

5.12.3      ENHANCING HOT-MELT ADHESIVE PERFORMANCE WITH

MICROCRYSTALLINE WAX FORMULATION          84

5.13         INVESTMENT AND FUNDING SCENARIO               84

5.14         IMPACT OF GEN AI/AI ON INDUSTRIAL WAX MARKET                 85

5.14.1      INTRODUCTION              85

5.15         PORTER’S FIVE FORCES ANALYSIS           87

5.15.1      THREAT OF NEW ENTRANTS      88

5.15.2      THREAT OF SUBSTITUTES          88

5.15.3      BARGAINING POWER OF SUPPLIERS       88

5.15.4      BARGAINING POWER OF BUYERS             88

5.15.5      INTENSITY OF COMPETITIVE RIVALRY 89

5.16         KEY STAKEHOLDERS AND BUYING CRITERIA     90

5.16.1      KEY STAKEHOLDERS IN BUYING PROCESS           90

5.16.2      BUYING CRITERIA           91

5.17         MACROECONOMIC ANALYSIS    91

5.17.1      INTRODUCTION              91

5.17.2      GDP TRENDS AND FORECASTS 92

5.18         IMPACT OF 2025 US TARIFF ON INDUSTRIAL WAX MARKET               92

5.18.1      INTRODUCTION              92

5.18.2      KEY TARIFF RATES          93

5.18.3      PRICE IMPACT ANALYSIS             93

5.18.4      IMPACT ON KEY COUNTRIES/REGIONS 94

5.18.4.1  US           94

5.18.4.2  Asia Pacific            94

5.18.4.3  Europe   94

5.18.5      END-USE INDUSTRY IMPACT     94

6               INDUSTRIAL WAX MARKET, BY APPLICATION   95

6.1           INTRODUCTION              96

6.2           CANDLES             98

6.2.1        INCREASING CONSUMER SPENDING AND CHANGING CONSUMPTION PATTERNS & LIFESTYLES TO DRIVE MARKET                 98

6.3           PACKAGING       99

6.3.1        SIGNIFICANT GROWTH OF PACKAGING INDUSTRY TO FUEL MARKET GROWTH               99

6.4           COATINGS & POLISHING              99

6.4.1        STEADY GROWTH OF COATINGS INDUSTRY TO DRIVE DEMAND             99

6.5           HOT-MELT ADHESIVES 100

6.5.1        EXCELLENT SLIP PROPERTY OF INDUSTRIAL WAX TO DRIVE DEMAND               100

6.6           TIRE & RUBBER 100

6.6.1        RISING GLOBAL PRODUCTION OF TIRES AND RUBBER GOODS TO PROPEL DEMAND   100

6.7           COSMETICS & PERSONAL CARE 101

6.7.1        RISING GLOBAL DEMAND FOR COSMETICS & PERSONAL CARE PRODUCTS TO DRIVE MARKET              101

6.8           FOOD & PHARMACEUTICALS     101

6.8.1        RISING DEMAND FOR PACKAGED FOODS AND PHARMACEUTICAL GROWTH TO DRIVE MARKET            101

6.9           OTHER APPLICATIONS 101

7               INDUSTRIAL WAX MARKET, BY TYPE      103

7.1           INTRODUCTION              104

7.2           FOSSIL-BASED WAX        105

7.2.1        ABUNDANT AVAILABILITY, LOW COST, AND SUITABILITY WITH INDUSTRIAL APPLICATIONS TO DRIVE MARKET               105

7.3           SYNTHETIC WAX              108

7.3.1        GROWING PENETRATION OF SYNTHETIC WAX IN DEVELOPED COUNTRIES TO DRIVE MARKET     108

7.4           BIO-BASED WAX               109

7.4.1        RISING ENVIRONMENTAL CONCERNS, CHANGING CONSUMER PREFERENCES, AND FOCUS ON SUSTAINABLE DEVELOPMENT TO DRIVE DEMAND      109

8               INDUSTRIAL WAX MARKET, BY FORM    110

8.1           INTRODUCTION              111

8.2           SOLID   112

8.2.1        HIGH DEMAND IN TRADITIONAL APPLICATIONS TO DRIVE MARKET 112

8.3           EMULSIONS & LIQUIDS 112

8.3.1        VERSATILE APPLICATIONS IN EMERGING INDUSTRIES TO PROPEL MARKET      112

8.4           POWDERED       113

8.4.1        HIGH-PERFORMANCE APPLICATIONS IN SPECIALTY INDUSTRIES

TO DRIVE MARKET         113

9               INDUSTRIAL WAX MARKET, BY REGION                114

9.1           INTRODUCTION              115

9.2           ASIA PACIFIC     117

9.2.1        CHINA  125

9.2.1.1    Regulatory & industrial drivers shaping wax demand     125

9.2.2        INDIA    128

9.2.2.1    Expanding manufacturing base to accelerate demand    128

9.2.3        JAPAN   131

9.2.3.1    Growing cosmetics industry to drive demand 131

9.2.4        INDONESIA        134

9.2.4.1    Industrial growth and consumer markets to boost industrial wax demand  134

9.2.5        SOUTH KOREA  137

9.2.5.1    Surging beauty exports propel industrial wax demand   137

9.2.6        REST OF ASIA PACIFIC   140

9.3           NORTH AMERICA             143

9.3.1        US           150

9.3.1.1    Steady growth in demand from several industrial applications to drive market          150

9.3.2        CANADA               154

9.3.2.1    Rising demand from candles, packaging, and personal care industries to drive market   154

9.3.3        MEXICO                157

9.3.3.1    Expanding industrial sector and high demand from candles and packaging applications to drive market             157

9.4           EUROPE               160

9.4.1        GERMANY           168

9.4.1.1    Ongoing transition toward electric vehicles to drive market                 168

9.4.2        FRANCE                171

9.4.2.1    Rising demand in candle, cosmetics, and e-commerce packaging industries to fuel market growth        171

9.4.3        UK          174

9.4.3.1    Regulations and sustainability goals encouraging use of low-emission, eco-friendly waxes to drive market  174

9.4.4        RUSSIA 177

9.4.4.1    Booming cosmetics industry to drive market   177

9.4.5        POLAND               180

9.4.5.1    Surge in grave candle production to drive market           180

9.4.6        REST OF EUROPE             183

9.5           MIDDLE EAST & AFRICA                186

9.5.1        GCC COUNTRIES              193

9.5.1.1    Saudi Arabia          196

9.5.1.1.1 Vision 2030 to drive market                196

9.5.1.2    UAE        199

9.5.1.2.1 Rising local manufacturing of cosmetics and pharmaceuticals to drive market          199

9.5.1.3    Rest of GCC Countries        202

9.5.2        SOUTH AFRICA 205

9.5.2.1    Growth of personal care & cosmetics industry to propel market                 205

9.5.3        REST OF MIDDLE EAST & AFRICA             208

9.6           SOUTH AMERICA             211

9.6.1        BRAZIL 218

9.6.1.1    Growing cosmetic industry to drive market     218

9.6.2        ARGENTINA       221

9.6.2.1    Popularity of natural and scented candles to fuel demand                 221

9.6.3        REST OF SOUTH AMERICA           224

10            COMPETITIVE LANDSCAPE         228

10.1         OVERVIEW          228

10.2         KEY PLAYER STRATEGIES/RIGHT TO WIN            228

10.3         MARKET SHARE ANALYSIS           231

10.4         REVENUE ANALYSIS       234

10.5         COMPANY VALUATION AND FINANCIAL METRICS                 235

10.6         PRODUCT/BRAND COMPARISON             236

10.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 238

10.7.1      STARS   238

10.7.2      EMERGING LEADERS     238

10.7.3      PERVASIVE PLAYERS      238

10.7.4      PARTICIPANTS 238

10.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         240

10.7.5.1  Company footprint               240

10.7.5.2  Regional footprint                 241

10.7.5.3  Type footprint       241

10.7.5.4  Form footprint      242

10.7.5.5  Application footprint            243

10.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        244

10.8.1      PROGRESSIVE COMPANIES         244

10.8.2      RESPONSIVE COMPANIES            244

10.8.3      DYNAMIC COMPANIES  244

10.8.4      STARTING BLOCKS         244

10.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 246

10.8.5.1  Detailed list of key startups/SMEs    246

10.8.5.2  Competitive benchmarking of key startups/SMEs          247

10.9         COMPETITIVE SCENARIO             248

10.9.1      PRODUCT LAUNCHES   248

10.9.2      DEALS  249

10.9.3      EXPANSIONS     249

11            COMPANY PROFILES      251

11.1         KEY PLAYERS     251

11.1.1      CNPC     251

11.1.1.1  Business overview 251

11.1.1.2  MnM view              252

11.1.1.2.1                Key strengths/Right to win 252

11.1.1.2.2                Strategic choices   253

11.1.1.2.3                Weaknesses/Competitive threats       253

11.1.2      EXXON MOBIL CORPORATION  254

11.1.2.1  Business overview 254

11.1.2.2  Products/Solutions/Services offered 255

11.1.2.3  Recent developments           257

11.1.2.3.1                Product launches  257

11.1.2.4  MnM view              257

11.1.2.4.1                Key strengths/Right to win 257

11.1.2.4.2                Strategic choices   258

11.1.2.4.3                Weaknesses/Competitive threats       258

11.1.3      SHELL PLC          259

11.1.3.1  Business overview 259

11.1.3.2  Products/Solutions/Services offered 260

11.1.3.3  Recent developments           261

11.1.3.3.1                Product launches  261

11.1.3.3.2                Deals      262

11.1.3.4  MnM view              262

11.1.3.4.1                Key strengths/Right to win 262

11.1.3.4.2                Strategic choices   262

11.1.3.4.3                Weaknesses/Competitive threats       263

11.1.4      SASOL   264

11.1.4.1  Business overview 264

11.1.4.2  Products/Solutions/Services offered 265

11.1.4.3  Recent developments           267

11.1.4.3.1                Product launches  267

11.1.4.3.2                Others    268

11.1.4.4  MnM view              268

11.1.4.4.1                Key strengths/Right to win 268

11.1.4.4.2                Strategic choices   268

11.1.4.4.3                Weaknesses/Competitive threats       268

11.1.5      NUMALIGARH REFINERY LIMITED           269

11.1.5.1  Business overview 269

11.1.5.2  Products/Solutions/Services offered 270

11.1.5.3  Recent developments           271

11.1.5.3.1                Expansions             271

11.1.5.4  MnM view              271

11.1.5.4.1                Key strengths/Right to win 271

11.1.5.4.2                Strategic choices   272

11.1.5.4.3                Weaknesses/Competitive threats       272

11.1.6      PETROBRAS       273

11.1.6.1  Business overview 273

11.1.6.2  Products/Solutions/Services offered 274

11.1.6.3  MnM view              275

11.1.6.3.1                Key strengths/Right to win 275

11.1.6.3.2                Strategic choices   275

11.1.6.3.3                Weaknesses/Competitive threats       275

11.1.7      MOEVE 276

11.1.7.1  Business overview 276

11.1.7.2  Products/Solutions/Services offered 277

11.1.7.3  MnM view              278

11.1.7.3.1                Key strengths/Right to win 278

11.1.7.3.2                Strategic choices   278

11.1.7.3.3                Weaknesses/Competitive threats       278

11.1.8      CHINA PETROLEUM & CHEMICAL CORPORATION                 279

11.1.8.1  Business overview 279

11.1.8.2  Products/Solutions/Services offered 280

11.1.8.3  Recent developments           281

11.1.8.3.1                Deals      281

11.1.8.4  MnM view              282

11.1.8.4.1                Key strengths/Right to win 282

11.1.8.4.2                Strategic choices   282

11.1.8.4.3                Weaknesses/Competitive threats       282

11.1.9      HF SINCLAIR CORPORATION     283

11.1.9.1  Business overview 283

11.1.9.2  Products/Solutions/Services offered 284

11.1.9.3  MnM view              285

11.1.10   CALUMET, INC. 286

11.1.10.1                 Business overview 286

11.1.10.2                 Products/Solutions/Services offered 287

11.1.10.3                 Recent developments           288

11.1.10.3.1             Product launches  288

11.1.10.3.2             Deals      289

11.1.10.4                 MnM view              289

11.1.11   GANDHAR OIL REFINERY (INDIA) LIMITED         290

11.1.11.1                 Business overview 290

11.1.11.2                 Products/Solutions/Services offered 291

11.1.11.3                 MnM view              292

11.2         OTHER PLAYERS              293

11.2.1      EVONIK INDUSTRIES AG               293

11.2.2      PROQUINAT      294

11.2.3      THE BLAYSON GROUP LTD.        295

11.2.4      THE INTERNATIONAL GROUP, INC.        296

11.2.5      KERAX  297

11.2.6      RAHA PARAFFIN CO.       298

11.2.7      STRAHL & PITSCH           299

11.2.8      THE DARENT WAX COMPANY LTD.         300

11.2.9      SIWAX GROUP   301

11.2.10   KOSTER KEUNEN             302

11.2.11   SYNTOP CHEMICAL CO., LTD    303

11.2.12   CIREBELLE          304

11.2.13   ENI         305

11.2.14   CANDLE SHACK                306

11.2.15   MURPHY’S NATURALS   307

12            ADJACENT AND RELATED MARKET         308

12.1         INTRODUCTION              308

12.2         POLYETHYLENE WAX MARKET 308

12.2.1      MARKET DEFINITION   308

12.2.2      MARKET OVERVIEW       308

12.2.3      POLYETHYLENE WAX MARKET, BY PROCESS      308

12.2.4      POLYETHYLENE WAX MARKET, BY TYPE              309

12.2.5      POLYETHYLENE WAX MARKET, BY APPLICATION                 309

12.2.6      POLYETHYLENE WAX MARKET, BY REGION        310

13            APPENDIX           311

13.1         DISCUSSION GUIDE        311

13.2         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                315

13.3         CUSTOMIZATION OPTIONS        317

13.4         RELATED REPORTS         317

13.5         AUTHOR DETAILS           318

LIST OF TABLES

TABLE 1                ROLES OF COMPANIES IN INDUSTRIAL WAX ECOSYSTEM       61

TABLE 2                TARIFF DATA FOR HS CODE 2712-COMPLIANT PRODUCTS, BY COUNTRY, 2024 (%)         65

TABLE 3                NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, INDUSTRY ASSOCIATIONS, AND OTHER ORGANIZATIONS  66

TABLE 4                EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, INDUSTRY ASSOCIATIONS, AND OTHER ORGANIZATIONS             67

TABLE 5                ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

INDUSTRY ASSOCIATIONS, AND OTHER ORGANIZATIONS                 68

TABLE 6                MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, INDUSTRY ASSOCIATIONS, AND OTHER ORGANIZATIONS  68

TABLE 7                SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, INDUSTRY ASSOCIATIONS, AND OTHER ORGANIZATIONS  69

TABLE 8                INDICATIVE PRICING ANALYSIS OF INDUSTRIAL WAX OFFERED BY KEY PLAYERS,  BY APPLICATION, 2024 (USD/KG)   70

TABLE 9                AVERAGE SELLING PRICE TREND OF INDUSTRIAL WAX, BY REGION,

2021–2025 (USD/KG)        71

TABLE 10              EXPORT DATA FOR HS CODE 2712-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD MILLION)            73

TABLE 11              IMPORT DATA FOR HS CODE 2712-COMPLIANT PRODUCTS, BY COUNTRY,

2020–2024 (USD MILLION)            74

TABLE 12              INDUSTRIAL WAX MARKET: LIST OF KEY PATENTS, 2022–2024        78

TABLE 13              INDUSTRIAL WAX MARKET: DETAILED LIST OF KEY CONFERENCES AND EVENTS,  2025–2026     82

TABLE 14              INDUSTRIAL WAX MARKET: PORTER’S FIVE FORCES ANALYSIS           87

TABLE 15              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY KEY APPLICATION               90

TABLE 16              KEY BUYING CRITERIA, BY KEY APPLICATION                 91

TABLE 17              GLOBAL GDP GROWTH PROJECTION, BY REGION, 2021–2028 (USD TRILLION)        92

TABLE 18              KEY RECIPROCAL TARIFFS IMPOSED ON SEVERAL COUNTRIES UNDER TRUMP ADMINISTRATION, 2025                 93

TABLE 19              INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (USD MILLION)            97

TABLE 20              INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (USD MILLION)            97

TABLE 21              INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (KILOTONS)  97

TABLE 22              INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (KILOTONS)  98

TABLE 23              INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION) 104

TABLE 24              INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION) 104

TABLE 25              INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)       105

TABLE 26              INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)       105

TABLE 27             FOSSIL-BASED WAX: INDUSTRIAL WAX MARKET, BY TYPE,

2021–2023 (USD MILLION)            106

TABLE 28             FOSSIL-BASED WAX: INDUSTRIAL WAX MARKET, BY TYPE,

2024–2030 (USD MILLION)            106

TABLE 29             FOSSIL-BASED WAX: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)               106

TABLE 30             FOSSIL-BASED WAX: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)               107

TABLE 31              COMPARISON OF PROPERTIES BETWEEN PARAFFIN AND MICROCRYSTALLINE WAX           107

TABLE 32              COMPARISON OF DIFFERENT PROPERTIES OF MICROCRYSTALLINE WAX TYPES             107

TABLE 33              SYNTHETIC WAX: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)         108

TABLE 34              SYNTHETIC WAX: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)         108

TABLE 35              SYNTHETIC WAX: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)               108

TABLE 36              SYNTHETIC WAX: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)               109

TABLE 37              INDUSTRIAL WAX MARKET, BY FORM, 2024–2030 (USD MILLION) 111

TABLE 38              INDUSTRIAL WAX MARKET, BY FORM, 2024–2030 (KILOTONS)       112

TABLE 39              INDUSTRIAL WAX MARKET, BY COUNTRY, 2021–2023 (USD MILLION)       116

TABLE 40              INDUSTRIAL WAX MARKET, BY REGION, 2024–2030 (USD MILLION)       116

TABLE 41              INDUSTRIAL WAX MARKET, BY REGION, 2021–2023 (KILOTONS)             117

TABLE 42              INDUSTRIAL WAX MARKET, BY REGION, 2024–2030 (KILOTONS)             117

TABLE 43              ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            118

TABLE 44              ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            119

TABLE 45              ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY COUNTRY, 2021–2023 (KILOTONS)           119

TABLE 46              ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY COUNTRY, 2024–2030 (KILOTONS)           119

TABLE 47              ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)                120

TABLE 48              ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)                120

TABLE 49              ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)     120

TABLE 50              ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)     120

TABLE 51              ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY FOSSIL-BASED WAX TYPE,

2021–2023 (USD MILLION)            121

TABLE 52              ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY FOSSIL-BASED WAX TYPE,

2024–2030 (USD MILLION)            121

TABLE 53              ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY FOSSIL-BASED WAX TYPE,

2021–2023 (KILOTONS)  121

TABLE 54              ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY FOSSIL-BASED WAX TYPE,

2024–2030 (KILOTONS)  121

TABLE 55              ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY SYNTHETIC WAX TYPE,

2021–2023 (USD MILLION)            122

TABLE 56              ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY SYNTHETIC WAX TYPE,

2024–2030 (USD MILLION)            122

TABLE 57              ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY SYNTHETIC WAX TYPE,

2021–2023 (KILOTONS)  122

TABLE 58              ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY SYNTHETIC WAX TYPE,

2024–2030 (KILOTONS)  122

TABLE 59              ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            123

TABLE 60              ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            123

TABLE 61              ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (KILOTONS)  123

TABLE 62              ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (KILOTONS)  124

TABLE 63              ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY FORM, 2024–2030 (USD MILLION)              124

TABLE 64              ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY FORM, 2024–2030 (KILOTONS)    124

TABLE 65              CHINA: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)            125

TABLE 66              CHINA: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)            125

TABLE 67              CHINA: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)  126

TABLE 68              CHINA: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)  126

TABLE 69              CHINA: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              126

TABLE 70              CHINA: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (USD MILLION)              127

TABLE 71              CHINA: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (KILOTONS)   127

TABLE 72              CHINA: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (KILOTONS)   128

TABLE 73              INDIA: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)            129

TABLE 74              INDIA: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)            129

TABLE 75              INDIA: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)  129

TABLE 76              INDIA: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)  129

TABLE 77              INDIA: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              130

TABLE 78              INDIA: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (USD MILLION)              130

TABLE 79              INDIA: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (KILOTONS)   131

TABLE 80              INDIA: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (KILOTONS)   131

TABLE 81              JAPAN: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)            132

TABLE 82              JAPAN: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)            132

TABLE 83              JAPAN: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)  132

TABLE 84              JAPAN: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)  132

TABLE 85              JAPAN: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              133

TABLE 86              JAPAN: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (USD MILLION)              133

TABLE 87              JAPAN: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (KILOTONS)   134

TABLE 88              JAPAN: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (KILOTONS)   134

TABLE 89              INDONESIA: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)                135

TABLE 90              INDONESIA: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)                135

TABLE 91              INDONESIA: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)     135

TABLE 92              INDONESIA: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)     136

TABLE 93              INDONESIA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            136

TABLE 94              INDONESIA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            136

TABLE 95              INDONESIA: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (KILOTONS)   137

TABLE 96              INDONESIA: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (KILOTONS)   137

TABLE 97              SOUTH KOREA: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)                138

TABLE 98              SOUTH KOREA: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)                138

TABLE 99              SOUTH KOREA: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)     138

TABLE 100            SOUTH KOREA: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)     139

TABLE 101            SOUTH KOREA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            139

TABLE 102            SOUTH KOREA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            139

TABLE 103            SOUTH KOREA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (KILOTONS)  140

TABLE 104            SOUTH KOREA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (KILOTONS)  140

TABLE 105            REST OF ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY TYPE,

2021–2023 (USD MILLION)            141

TABLE 106            REST OF ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY TYPE,

2024–2030 (USD MILLION)            141

TABLE 107            REST OF ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY TYPE,

2021–2023 (KILOTONS)  141

TABLE 108            REST OF ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY TYPE,

2024–2030 (KILOTONS)  141

TABLE 109            REST OF ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            142

TABLE 110            REST OF ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            142

TABLE 111            REST OF ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (KILOTONS)  143

TABLE 112            REST OF ASIA PACIFIC: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (KILOTONS)  143

TABLE 113            NORTH AMERICA: INDUSTRIAL WAX MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            144

TABLE 114            NORTH AMERICA: INDUSTRIAL WAX MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            144

TABLE 115            NORTH AMERICA: INDUSTRIAL WAX MARKET, BY COUNTRY,

2021–2023 (KILOTONS)  144

TABLE 116            NORTH AMERICA: INDUSTRIAL WAX MARKET, BY COUNTRY,

2024–2030 (KILOTONS)  144

TABLE 117            NORTH AMERICA: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)         145

TABLE 118            NORTH AMERICA: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)         145

TABLE 119            NORTH AMERICA: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)               145

TABLE 120            NORTH AMERICA: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)               145

TABLE 121            NORTH AMERICA: INDUSTRIAL WAX MARKET, BY FOSSIL-BASED WAX TYPE,

2021–2023 (USD MILLION)            146

TABLE 122            NORTH AMERICA: INDUSTRIAL WAX MARKET, BY FOSSIL-BASED WAX TYPE,

2024–2030 (USD MILLION)            146

TABLE 123            NORTH AMERICA: INDUSTRIAL WAX MARKET, BY FOSSIL-BASED WAX TYPE,

2021–2023 (KILOTONS)  146

TABLE 124            NORTH AMERICA: INDUSTRIAL WAX MARKET, BY FOSSIL-BASED WAX TYPE,

2024–2030 (KILOTONS)  146

TABLE 125            NORTH AMERICA: INDUSTRIAL WAX MARKET, BY SYNTHETIC-BASED WAX TYPE,  2021–2023 (USD MILLION)                 147

TABLE 126            NORTH AMERICA: INDUSTRIAL WAX MARKET, BY SYNTHETIC-BASED WAX TYPE,  2024–2030 (USD MILLION)                 147

TABLE 127            NORTH AMERICA: INDUSTRIAL WAX MARKET, BY SYNTHETIC-BASED WAX TYPE,  2021–2023 (KILOTONS)                 147

TABLE 128            NORTH AMERICA: INDUSTRIAL WAX MARKET, BY SYNTHETIC-BASED WAX TYPE,  2024–2030 (KILOTONS)                 147

TABLE 129            NORTH AMERICA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            148

TABLE 130            NORTH AMERICA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            148

TABLE 131            NORTH AMERICA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (KILOTONS)  149

TABLE 132            NORTH AMERICA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (KILOTONS)  149

TABLE 133            NORTH AMERICA: INDUSTRIAL WAX MARKET, BY FORM,

2024–2030 (USD MILLION)            149

TABLE 134            NORTH AMERICA: INDUSTRIAL WAX MARKET, BY FORM, 2024–2030 (KILOTON)                150

TABLE 135            US: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)       151

TABLE 136            US: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)       151

TABLE 137            US: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)             152

TABLE 138            US: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)             152

TABLE 139            US: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              152

TABLE 140            US: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (USD MILLION)              153

TABLE 141            US: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (KILOTONS)   153

TABLE 142            US: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (KILOTONS)   154

TABLE 143            CANADA: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)            155

TABLE 144            CANADA: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)            155

TABLE 145            CANADA: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)  155

TABLE 146            CANADA: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)  155

TABLE 147            CANADA: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              156

TABLE 148            CANADA: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (USD MILLION)              156

TABLE 149            CANADA: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (KILOTONS)   157

TABLE 150            CANADA: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (KILOTONS)   157

TABLE 151            MEXICO: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)            158

TABLE 152            MEXICO: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)            158

TABLE 153            MEXICO: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)  158

TABLE 154            MEXICO: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)  159

TABLE 155            MEXICO: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              159

TABLE 156            MEXICO: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (USD MILLION)              159

TABLE 157            MEXICO: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (KILOTONS)   160

TABLE 158            MEXICO: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (KILOTONS)   160

TABLE 159            EUROPE: INDUSTRIAL WAX MARKET, BY COUNTRY, 2021–2023 (USD MILLION)     161

TABLE 160            EUROPE: INDUSTRIAL WAX MARKET, BY COUNTRY, 2024–2030 (USD MILLION)     162

TABLE 161            EUROPE: INDUSTRIAL WAX MARKET, BY COUNTRY, 2021–2023 (KILOTONS)           162

TABLE 162            EUROPE: INDUSTRIAL WAX MARKET, BY COUNTRY, 2024–2030 (KILOTONS)           162

TABLE 163            EUROPE: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)            163

TABLE 164            EUROPE: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)            163

TABLE 165            EUROPE: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)  163

TABLE 166            EUROPE: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)  163

TABLE 167            EUROPE: INDUSTRIAL WAX MARKET, BY FOSSIL-BASED WAX TYPE,

2021–2023 (USD MILLION)            164

TABLE 168            EUROPE: INDUSTRIAL WAX MARKET, BY FOSSIL-BASED WAX TYPE,

2024–2030 (USD MILLION)            164

TABLE 169            EUROPE: INDUSTRIAL WAX MARKET, BY FOSSIL-BASED WAX TYPE,

2021–2023 (KILOTONS)  164

TABLE 170            EUROPE: INDUSTRIAL WAX MARKET, BY FOSSIL-BASED WAX TYPE,

2024–2030 (KILOTONS)  164

TABLE 171            EUROPE: INDUSTRIAL WAX MARKET, BY SYNTHETIC-BASED WAX TYPE,

2021–2023 (USD MILLION)            165

TABLE 172            EUROPE: INDUSTRIAL WAX MARKET, BY SYNTHETIC-BASED WAX TYPE,

2024–2030 (USD MILLION)            165

TABLE 173            EUROPE: INDUSTRIAL WAX MARKET, BY SYNTHETIC-BASED WAX TYPE,

2021–2023 (KILOTONS) 165

TABLE 174            EUROPE: INDUSTRIAL WAX MARKET, BY SYNTHETIC-BASED WAX TYPE,

2024–2030 (KILOTONS)  165

TABLE 175            EUROPE: INDUSTRIAL WAX MARKET, BY FORM, 2024–2030 (USD MILLION)            166

TABLE 176            EUROPE: INDUSTRIAL WAX MARKET, BY FORM, 2024–2030 (KILOTONS)  166

TABLE 177            EUROPE: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              166

TABLE 178            EUROPE: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (USD MILLION)              167

TABLE 179            EUROPE: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (KILOTONS)   167

TABLE 180            EUROPE: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (KILOTONS)   168

TABLE 181          GERMANY: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)            168

TABLE 182          GERMANY: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)            169

TABLE 183          GERMANY: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)  169

TABLE 184          GERMANY: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)  169

TABLE 185            GERMANY: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            169

TABLE 186            GERMANY: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            170

TABLE 187            GERMANY: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (KILOTONS)   170

TABLE 188            GERMANY: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (KILOTONS)   171

TABLE 189            FRANCE: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)            172

TABLE 190            FRANCE: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)            172

TABLE 191            FRANCE: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)  172

TABLE 192            FRANCE: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)  172

TABLE 193            FRANCE: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              173

TABLE 194            FRANCE: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (USD MILLION)              173

TABLE 195            FRANCE: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (KILOTONS)   174

TABLE 196            FRANCE: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (KILOTONS)   174

TABLE 197            UK: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)       175

TABLE 198            UK: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)       175

TABLE 199            UK: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)             175

TABLE 200            UK: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)             175

TABLE 201            UK: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              176

TABLE 202            UK: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (USD MILLION)              176

TABLE 203            UK: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (KILOTONS)   177

TABLE 204            UK: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (KILOTONS)   177

TABLE 205            RUSSIA: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)            178

TABLE 206            RUSSIA: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)            178

TABLE 207            RUSSIA: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)  178

TABLE 208            RUSSIA: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)  178

TABLE 209            RUSSIA: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              179

TABLE 210            RUSSIA: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (USD MILLION)              179

TABLE 211            RUSSIA: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (KILOTONS)   180

TABLE 212            RUSSIA: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (KILOTONS)   180

TABLE 213            POLAND: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)            181

TABLE 214            POLAND: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)            181

TABLE 215            POLAND: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)  181

TABLE 216            POLAND: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)  181

TABLE 217            POLAND: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              182

TABLE 218            POLAND: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (USD MILLION)              182

TABLE 219            POLAND: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (KILOTONS)   183

TABLE 220            POLAND: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (KILOTONS)   183

TABLE 221            REST OF EUROPE: INDUSTRIAL WAX MARKET, BY TYPE,

2021–2023 (USD MILLION)            184

TABLE 222            REST OF EUROPE: INDUSTRIAL WAX MARKET, BY TYPE,

2024–2030 (USD MILLION)            184

TABLE 223            REST OF EUROPE: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)               184

TABLE 224            REST OF EUROPE: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)               184

TABLE 225            REST OF EUROPE: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            185

TABLE 226            REST OF EUROPE: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            185

TABLE 227            REST OF EUROPE: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (KILOTONS)  186

TABLE 228            REST OF EUROPE: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (KILOTONS)  186

TABLE 229            MIDDLE EAST AND AFRICA: INDUSTRIAL WAX MARKET, BY COUNTRY,

2020–2022 (USD MILLION)            187

TABLE 230            MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            187

TABLE 231            MIDDLE EAST AND AFRICA: INDUSTRIAL WAX MARKET, BY COUNTRY,

2020–2022 (KILOTONS)  187

TABLE 232            MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY COUNTRY,

2024–2030 (KILOTONS)  188

TABLE 233            MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY TYPE,

2021–2023 (USD MILLION)            188

TABLE 234            MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY TYPE,

2024–2030 (USD MILLION)            188

TABLE 235            MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY TYPE,

2021–2023 (KILOTONS)  188

TABLE 236            MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY TYPE,

2024–2030 (KILOTONS)  189

TABLE 237            MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY FOSSIL-BASED WAX TYPE,  2021–2023 (USD MILLION)            189

TABLE 238            MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY FOSSIL-BASED WAX TYPE,  2024–2030 (USD MILLION)            189

TABLE 239            MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY FOSSIL-BASED WAX TYPE,  2021–2023 (KILOTONS)                 189

TABLE 240            MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY FOSSIL-BASED WAX TYPE,  2024–2030 (KILOTONS)                 190

TABLE 241            MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY SYNTHETIC-BASED WAX TYPE, 2021–2023 (USD MILLION)            190

TABLE 242            MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY SYNTHETIC-BASED WAX TYPE, 2024–2030 (USD MILLION)            190

TABLE 243            MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY SYNTHETIC-BASED WAX TYPE, 2021–2023 (KILOTONS)       190

TABLE 244            MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY SYNTHETIC-BASED WAX TYPE, 2024–2030 (KILOTONS)       191

TABLE 245            MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY FORM,

2024–2030 (USD MILLION)            191

TABLE 246            MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY FORM,

2024–2030 (KILOTONS)  191

TABLE 247            MIDDL EAST & AFRICA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            192

TABLE 248            MIDDL EAST & AFRICA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            192

TABLE 249            MIDDL EAST & AFRICA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (KILOTONS)  193

TABLE 250            MIDDL EAST & AFRICA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (KILOTONS)  193

TABLE 251            GCC COUNTRIES: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)         194

TABLE 252            GCC COUNTRIES: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)         194

TABLE 253            GCC COUNTRIES: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)               194

TABLE 254            GCC COUNTRIES: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)               194

TABLE 255            GCC COUNTRIES: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            195

TABLE 256            GCC COUNTRIES: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            195

TABLE 257            GCC COUNTRIES: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (KILOTONS)  196

TABLE 258            GCC COUNTRIES: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (KILOTONS)  196

TABLE 259            SAUDI ARABIA: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)                197

TABLE 260            SAUDI ARABIA: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)                197

TABLE 261            SAUDI ARABIA: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)     197

TABLE 262            SAUDI ARABIA: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)     197

TABLE 263            SAUDI ARABIA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            198

TABLE 264            SAUDI ARABIA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            198

TABLE 265            SAUDI ARABIA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (KILOTONS)  199

TABLE 266            SAUDI ARABIA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (KILOTONS)  199

TABLE 267            UAE: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)       200

TABLE 268            UAE: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)       200

TABLE 269            UAE: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)             200

TABLE 270            UAE: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)             200

TABLE 271            UAE: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              201

TABLE 272            UAE: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (USD MILLION)              201

TABLE 273            UAE: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (KILOTONS)   202

TABLE 274            UAE: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (KILOTONS)   202

TABLE 275            REST OF GCC COUNTRIES: INDUSTRIAL WAX MARKET, BY TYPE,

2021–2023 (USD MILLION)            203

TABLE 276            REST OF GCC COUNTRIES: INDUSTRIAL WAX MARKET, BY TYPE,

2024–2030 (USD MILLION)            203

TABLE 277            REST OF GCC COUNTRIES: INDUSTRIAL WAX MARKET, BY TYPE,

2021–2023 (KILOTONS)  203

TABLE 278            REST OF GCC COUNTRIES: INDUSTRIAL WAX MARKET, BY TYPE,

2024–2030 (KILOTONS)  203

TABLE 279            REST OF GCC COUNTRIES: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            204

TABLE 280            REST OF GCC COUNTRIES: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            204

TABLE 281            REST OF GCC COUNTRIES: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (KILOTONS)  205

TABLE 282            REST OF GCC COUNTRIES: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (KILOTONS)  205

TABLE 283            SOUTH AFRICA: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)                206

TABLE 284            SOUTH AFRICA: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)                206

TABLE 285            SOUTH AFRICA: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)     206

TABLE 286            SOUTH AFRICA: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)     207

TABLE 287            SOUTH AFRICA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            207

TABLE 288            SOUTH AFRICA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            207

TABLE 289            SOUTH AFRICA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (KILOTONS)  208

TABLE 290            SOUTH AFRICA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (KILOTONS)  208

TABLE 291            REST OF MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY TYPE,

2021–2023 (USD MILLION)            209

TABLE 292            REST OF MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY TYPE,

2024–2030 (USD MILLION)            209

TABLE 293            REST OF MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY TYPE,

2021–2023 (KILOTONS)  209

TABLE 294            REST OF MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY TYPE,

2024–2030 (KILOTONS)  209

TABLE 295            REST OF MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY APPLICATION,  2021–2023 (USD MILLION)                 210

TABLE 296            REST OF MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY APPLICATION,  2024–2030 (USD MILLION)                 210

TABLE 297            REST OF MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY APPLICATION,  2021–2023 (KILOTONS)                 211

TABLE 298            REST OF MIDDLE EAST & AFRICA: INDUSTRIAL WAX MARKET, BY APPLICATION,  2024–2030 (KILOTONS)                 211

TABLE 299            SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            212

TABLE 300            SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            212

TABLE 301            SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY COUNTRY,

2021–2023 (KILOTONS)  212

TABLE 302            SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY COUNTRY,

2024–2030 (KILOTONS)  212

TABLE 303            SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)         213

TABLE 304            SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)         213

TABLE 305            SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)               213

TABLE 306            SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)               213

TABLE 307            SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY FOSSIL-BASED WAX TYPE,

2021–2023 (USD MILLION)            214

TABLE 308            SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY FOSSIL-BASED WAX TYPE,

2024–2030 (USD MILLION)            214

TABLE 309            SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY FOSSIL-BASED WAX TYPE,

2021–2023 (KILOTONS)  214

TABLE 310            SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY FOSSIL-BASED WAX TYPE,

2024–2030 (KILOTONS)  214

TABLE 311            SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY SYNTHETIC-BASED WAX TYPE, 2021–2023 (USD MILLION)                 215

TABLE 312            SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY SYNTHETIC-BASED WAX TYPE, 2024–2030 (USD MILLION)                 215

TABLE 313            SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY SYNTHETIC-BASED WAX TYPE,  2021–2023 (KILOTONS)                 215

TABLE 314            SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY SYNTHETIC-BASED WAX TYPE,  2024–2030 (KILOTONS)                 215

TABLE 315            SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY FORM,

2024–2030 (USD MILLION)            216

TABLE 316            SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY FORM, 2024–2030 (KILOTON)                216

TABLE 317            SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            216

TABLE 318            SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            217

TABLE 319            SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (KILOTONS)  217

TABLE 320            SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (KILOTONS)  218

TABLE 321            BRAZIL: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)            219

TABLE 322            BRAZIL: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)            219

TABLE 323            BRAZIL: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)  219

TABLE 324            BRAZIL: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)  219

TABLE 325            BRAZIL: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (USD MILLION)              220

TABLE 326            BRAZIL: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (USD MILLION)              220

TABLE 327            BRAZIL: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (KILOTONS)   221

TABLE 328            BRAZIL: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (KILOTONS)   221

TABLE 329            ARGENTINA: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (USD MILLION)                222

TABLE 330            ARGENTINA: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (USD MILLION)                222

TABLE 331            ARGENTINA: INDUSTRIAL WAX MARKET, BY TYPE, 2021–2023 (KILOTONS)     222

TABLE 332            ARGENTINA: INDUSTRIAL WAX MARKET, BY TYPE, 2024–2030 (KILOTONS)     223

TABLE 333            ARGENTINA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            223

TABLE 334            ARGENTINA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            223

TABLE 335            ARGENTINA: INDUSTRIAL WAX MARKET, BY APPLICATION, 2021–2023 (KILOTONS)   224

TABLE 336            ARGENTINA: INDUSTRIAL WAX MARKET, BY APPLICATION, 2024–2030 (KILOTONS)   224

TABLE 337            REST OF SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY TYPE,

2021–2023 (USD MILLION)            225

TABLE 338            REST OF SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY TYPE,

2024–2030 (USD MILLION)            225

TABLE 339            REST OF SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY TYPE,

2021–2023 (KILOTONS)  225

TABLE 340            REST OF SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY TYPE,

2024–2030 (KILOTONS)  225

TABLE 341            REST OF SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            226

TABLE 342            REST OF SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            226

TABLE 343            REST OF SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2021–2023 (KILOTONS)  227

TABLE 344            REST OF SOUTH AMERICA: INDUSTRIAL WAX MARKET, BY APPLICATION,

2024–2030 (KILOTONS)  227

TABLE 345            INDUSTRIAL WAX MARKET: OVERVIEW OF MAJOR STRATEGIES ADOPTED

BY KEY PLAYERS, JANUARY 2020–JUNE 2025          228

TABLE 346            INDUSTRIAL WAX MARKET: DEGREE OF COMPETITION, 2024       231

TABLE 347            INDUSTRIAL WAXMARKET: REGIONAL FOOTPRINT       241

TABLE 348            INDUSTRIAL WAX MARKET: TYPE FOOTPRINT                 241

TABLE 349            INDUSTRIAL WAX MARKET: FORM FOOTPRINT                 242

TABLE 350            INDUSTRIAL WAX MARKET: APPLICATION FOOTPRINT       243

TABLE 351            INDUSTRIAL WAX MARKET: DETAILED LIST OF KEY STARTUPS/SMES, 2024          246

TABLE 352            INDUSTRIAL WAX MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, 2024                247

TABLE 353            INDUSTRIAL WAX MARKET: PRODUCT LAUNCHES, JANUARY 2020–JUNE 2025     248

TABLE 354            INDUSTRIAL WAX MARKET: DEALS, JANUARY 2020–JUNE 2025  249

TABLE 355            INDUSTRIAL WAX MARKET: EXPANSIONS, JANUARY 2020–JUNE 2025              250

TABLE 356            CNPC: COMPANY OVERVIEW     251

TABLE 357            CNPC: PRODUCTS/SOLUTIONS/SERVICES OFFERED             252

TABLE 358            EXXON MOBIL CORPORATION: COMPANY OVERVIEW          254

TABLE 359            EXXON MOBIL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    255

TABLE 360            EXXON MOBIL CORPORATION: PRODUCT LAUNCHES          257

TABLE 361            SHELL PLC: COMPANY OVERVIEW           259

TABLE 362            SHELL PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED             260

TABLE 363            SHELL PLC: PRODUCT LAUNCHES           261

TABLE 364            SHELL PLC: DEALS          262

TABLE 365            SASOL: COMPANY OVERVIEW    264

TABLE 366            SASOL: PRODUCTS/SOLUTIONS/SERVICES OFFERED             265

TABLE 367            SASOL: PRODUCT LAUNCHES    267

TABLE 368            SASOL: OTHERS                268

TABLE 369            NUMALIGARH REFINERY LIMITED: COMPANY OVERVIEW          269

TABLE 370            NUMALIGARH REFINERY LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED    270

TABLE 371            NUMALIGARH REFINERY LIMITED: EXPANSIONS     271

TABLE 372            PETROBRAS: COMPANY OVERVIEW        273

TABLE 373            PETROBRAS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    274

TABLE 374            MOEVE: COMPANY OVERVIEW 276

TABLE 375            MOEVE: PRODUCTS/SOLUTIONS/SERVICES OFFERED             277

TABLE 376            CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY OVERVIEW 279

TABLE 377            CHINA PETROLEUM & CHEMICAL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED                 280

TABLE 378            CHINA PETROLEUM & CHEMICAL CORPORATION: DEALS 281

TABLE 379            HF SINCLAIR CORPORATION: COMPANY OVERVIEW          283

TABLE 380            HF SINCLAIR CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    284

TABLE 381            CALUMET, INC.: COMPANY OVERVIEW 286

TABLE 382            CALUMET, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    287

TABLE 383            CALUMET, INC.: PRODUCT LAUNCHES 288

TABLE 384            CALUMET, INC.: DEALS 289

TABLE 385            GANDHAR OIL REFINERY (INDIA) LIMITED: COMPANY OVERVIEW   290

TABLE 386            GANDHAR OIL REFINERY (INDIA) LIMITED: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        291

TABLE 387            EVONIK INDUSTRIES AG: COMPANY OVERVIEW                 293

TABLE 388            PROQUINAT: COMPANY OVERVIEW       294

TABLE 389            THE BLAYSON GROUP LTD.: COMPANY OVERVIEW          295

TABLE 390            THE INTERNATIONAL GROUP, INC.: COMPANY OVERVIEW          296

TABLE 391            KERAX: COMPANY OVERVIEW   297

TABLE 392            RAHA PARAFFIN CO.: COMPANY OVERVIEW                 298

TABLE 393            STRAHL & PITSCH: COMPANY OVERVIEW                 299

TABLE 394            THE DARENT WAX COMPANY LTD.: COMPANY OVERVIEW          300

TABLE 395            SIWAX GROUP: COMPANY OVERVIEW   301

TABLE 396            KOSTER KEUNEN: COMPANY OVERVIEW                 302

TABLE 397            SYNTOP CHEMICAL CO., LTD: COMPANY OVERVIEW          303

TABLE 398            CIREBELLE: COMPANY OVERVIEW          304

TABLE 399            ENI: COMPANY OVERVIEW          305

TABLE 400            CANDLE SHACK: COMPANY OVERVIEW 306

TABLE 401            MURPHY’S NATURALS: COMPANY OVERVIEW                 307

TABLE 402            POLYETHYLENE WAX MARKET, BY PROCESS, 2015–2022 (USD MILLION)            308

TABLE 403            POLYETHYLENE WAX MARKET, BY PROCESS, 2015–2022 (KILOTON)     309

TABLE 404            POLYETHYLENE WAX MARKET, BY TYPE, 2015–2022 (USD MILLION)       309

TABLE 405            POLYETHYLENE WAX MARKET, BY TYPE, 2015–2022 (KILOTON)                309

TABLE 406            POLYETHYLENE WAX MARKET, BY APPLICATION, 2015–2022 (USD MILLION)              309

TABLE 407            POLYETHYLENE WAX MARKET, BY APPLICATION, 2015–2022 (KILOTON)      310

TABLE 408            POLYETHYLENE WAX MARKET, BY REGION, 2015–2022, (USD MILLION)           310

TABLE 409            POLYETHYLENE WAX MARKET, BY REGION, 2015–2022, (KILOTON)   310

LIST OF FIGURES

FIGURE 1              INDUSTRIAL WAX MARKET: SEGMENTATION AND REGIONAL SCOPE 30

FIGURE 2              INDUSTRIAL WAX MARKET: RESEARCH DESIGN                 34

FIGURE 3              BREAKDOWN OF INTERVIEWS WITH EXPERTS                 37

FIGURE 4              MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH         38

FIGURE 5              MARKET SIZE ESTIMATION: TOP-DOWN APPROACH         38

FIGURE 6              APPROACH FOR BASE NUMBER CALCULATION OF INDUSTRIAL WAX MARKET  39

FIGURE 7              INDUSTRIAL WAX MARKET: DATA TRIANGULATION             40

FIGURE 8              FOSSIL-BASED WAX SEGMENT TO ACCOUNT FOR LARGEST MARKET

SHARE IN 2030   44

FIGURE 9              CANDLES SEGMENT TO ACCOUNT FOR LARGEST MARKET  SHARE IN 2030          44

FIGURE 10            EMULSIONS & LIQUIDS TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD           45

FIGURE 11            ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD    46

FIGURE 12            RISING DEMAND FOR INDUSTRIAL WAX IN PACKAGING AND AUTOMOTIVE INDUSTRIES TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS     47

FIGURE 13            FOSSIL-BASED WAX SEGMENT AND CHINA DOMINATED INDUSTRIAL

WAX MARKET IN 2024     48

FIGURE 14            SYNTHETIC WAX SEGMENT TO REGISTER HIGHEST CAGR DURING

FORECAST PERIOD         48

FIGURE 15            CANDLES SEGMENT TO ACCOUNT FOR MAJOR MARKET SHARE IN 2030 49

FIGURE 16            EMULSIONS & LIQUIDS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD      49

FIGURE 17            INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD         50

FIGURE 18            INDUSTRIAL WAX MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES          51

FIGURE 19            ESTIMATED GLOBAL RETAIL E-COMMERCE GROWTH, 2023–2027 (%)                52

FIGURE 20            GROWTH OF GLOBAL BEAUTY MARKET, 2019–2023        53

FIGURE 21            BREAKDOWN OF BEAUTY MARKET, BY CATEGORY, 2023               53

FIGURE 22            GLOBAL NATURAL RUBBER PRODUCTION, 2000–2022 (MILLION TONS)         54

FIGURE 23            GLOBAL EV SALES, 2020–2024 (MILLION UNITS)                 55

FIGURE 24            TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS   58

FIGURE 25            CASCADING IMPACT OF APPLICATION SEGMENTS ON INDUSTRIAL WAX MARKET          59

FIGURE 26            INDUSTRIAL WAX MARKET: ECOSYSTEM ANALYSIS            60

FIGURE 27            INDUSTRIAL WAX MARKET MAP               62

FIGURE 28            INDUSTRIAL WAX MARKET: VALUE CHAIN ANALYSIS            63

FIGURE 29            AVERAGE SELLING PRICE TREND OF INDUSTRIAL WAX OFFERED  BY KEY PLAYERS, BY APPLICATION, 2024 (USD/KG)   70

FIGURE 30            AVERAGE SELLING PRICE TREND OF INDUSTRIAL WAX, BY REGION,

2021–2025 (USD/KG)        71

FIGURE 31            EXPORT DATA RELATED TO HS CODE 2712-COMPLIANT PRODUCTS,

BY KEY COUNTRY, 2020–2024 (USD MILLION)     72

FIGURE 32            IMPORT DATA RELATED TO HS CODE 2712-COMPLIANT PRODUCTS,

BY KEY COUNTRY, 2020–2024 (USD MILLION)     73

FIGURE 33            LIST OF MAJOR PATENTS RELATED TO INDUSTRIAL WAX, 2015–2024       77

FIGURE 34            MAJOR PATENTS APPLIED AND GRANTED RELATED TO INDUSTRIAL WAX,

BY COUNTRY/REGION, 2015–2024              78

FIGURE 35            INDUSTRIAL WAX MARKET: INVESTMENT AND FUNDING SCENARIO,

2018–2024 (USD MILLION)            85

FIGURE 36            INDUSTRIAL WAX MARKET: IMPACT OF GEN AI/AI      85

FIGURE 37            INDUSTRIAL WAX MARKET: PORTER’S FIVE FORCES ANALYSIS           87

FIGURE 38            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY KEY APPLICATION               90

FIGURE 39            KEY BUYING CRITERIA, BY KEY APPLICATION                 91

FIGURE 40            CANDLE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2025 96

FIGURE 41            FOSSIL-BASED WAX SEGMENT TO HOLD LARGEST MARKET SHARE IN 2025             104

FIGURE 42            SOLID SEGMENT TO HOLD LARGEST MARKET SHARE IN 2025   111

FIGURE 43            INDIA TO BE FASTEST-GROWING MARKET FOR INDUSTRIAL

WAX DURING FORECAST PERIOD            115

FIGURE 44            ASIA PACIFIC TO DOMINATE INDUSTRIAL WAX MARKET IN 2025                116

FIGURE 45            ASIA PACIFIC: INDUSTRIAL WAX MARKET SNAPSHOT          118

FIGURE 46            US REFINERY NET PRODUCTION OF WAXES, 2020–2024 (THOUSAND BARRELS)             151

FIGURE 47            EUROPE: INDUSTRIAL WAX MARKET SNAPSHOT          161

FIGURE 48            INDUSTRIAL WAX MARKET SHARE ANALYSIS, 2024        231

FIGURE 49            INDUSTRIAL WAX MARKET: REVENUE ANALYSIS OF KEY COMPANIES,

2020–2024 (USD BILLION)             234

FIGURE 50            INDUSTRIAL WAX MARKET: COMPANY VALUATION, 2024 (USD BILLION)             235

FIGURE 51            INDUSTRIAL WAX MARKET: FINANCIAL MATRIX: EV/EBITDA RATIO, 2024              235

FIGURE 52            INDUSTRIAL WAX MARKET: YEAR-TO-DATE PRICE AND FIVE-YEAR STOCK

BETA, 2024           236

FIGURE 53            INDUSTRIAL WAX MARKET: PRODUCT/BRAND COMPARISON   237

FIGURE 54            INDUSTRIAL WAX MARKET: COMPANY EVALUATION MATRIX  (KEY PLAYERS), 2024      239

FIGURE 55            INDUSTRIAL WAX MARKET: COMPANY FOOTPRINT       240

FIGURE 56            INDUSTRIAL WAX MARKET: COMPANY EVALUATION MATRIX

(STARTUPS/SMES), 2024                245

FIGURE 57            CNPC: COMPANY SNAPSHOT     252

FIGURE 58            EXXON MOBIL CORPORATION: COMPANY SNAPSHOT          255

FIGURE 59            SHELL PLC: COMPANY SNAPSHOT           260

FIGURE 60            SASOL: COMPANY SNAPSHOT   265

FIGURE 61            NUMALIGARH REFINERY LIMITED: COMPANY SNAPSHOT          270

FIGURE 62            PETROBRAS: COMPANY SNAPSHOT        274

FIGURE 63            MOEVE: COMPANY SNAPSHOT 276

FIGURE 64            CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY SNAPSHOT 280

FIGURE 65            HF SINCLAIR CORPORATION: COMPANY SNAPSHOT          284

FIGURE 66            CALUMET, INC.: COMPANY SNAPSHOT 287

FIGURE 67            GANDHAR OIL REFINERY (INDIA) LIMITED: COMPANY SNAPSHOT   291