Global Wax Market Size & Outlook, 2023-2030
Global wax market, 2018-2030 (US$M)
Related Markets
Global wax market highlights
- The global wax market generated a revenue of USD 10,456.0 million in 2023 and is expected to reach USD 14,165.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.4% by 2030.
- In terms of segment, mineral wax accounted for a revenue of USD 7,080.3 million in 2023.
- Synthetic Wax is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 10,456.0 million |
| Market revenue in 2030 | USD 14,165.8 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Mineral wax |
| Fastest growing segment | Synthetic Wax |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mineral Wax, Synthetic Wax, Natural Wax |
Other key industry trends
- In terms of revenue, the North America accounted for 26.9% of the global wax market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 193.5 million by 2030.
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Wax Market Scope
Wax Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global wax market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wax market will help companies and investors design strategic landscapes.
Mineral wax was the largest segment with a revenue share of 67.72% in 2023. Horizon Databook has segmented the Global wax market based on mineral wax, synthetic wax, natural wax covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Wax Product Outlook (Revenue, USD Million, 2018-2030)
- Mineral Wax
- Synthetic Wax
- Natural Wax
- Global Wax Application Outlook (Revenue, USD Million, 2018-2030)
- Candles
- Packaging
- Plastic and Rubber
- Pharmaceuticals
- Cosmetics and Toiletries
- Fire Logs
- Adhesives
- Others
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Target buyers of Global wax market databook
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Our clientele includes a mix of wax market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global wax market , including forecasts for subscribers. This global databook contains high-level insights into Global wax market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global wax market size, by regions, 2018-2030 (US$M)
Top 10 countries: Wax market size, 2023 (US$M)
Global wax market share, by product, 2023 & 2030 (%, US$M)
Wax market: Opportunity assessment by country
Global wax market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 3,009.2 | 2,660.4 | 2,439.7 | 2,628.6 | 2,716.1 | 2,814.8 | 2,925.4 | 3,049.2 | 3,187.4 | 3,341.4 | 3,483.3 | 3,659.3 | 3,847.4 | 4.6% |
| Europe | 3,120.0 | 2,732.2 | 2,481.7 | 2,648.2 | 2,710.1 | 2,781.3 | 2,862.5 | 2,954.5 | 3,058.0 | 3,174.0 | 3,375.1 | 3,510.7 | 3,654.8 | 4.0% |
| Asia Pacific | 3,775.7 | 3,350.4 | 3,083.9 | 3,334.8 | 3,458.4 | 3,596.9 | 3,751.6 | 3,924.3 | 4,116.5 | 4,330.5 | 4,482.9 | 4,726.0 | 4,986.4 | 4.8% |
| Latin America | 1,119.1 | 984.2 | 897.8 | 962.2 | 989.0 | 1,019.5 | 1,053.9 | 1,092.7 | 1,136.2 | 1,184.7 | 1,248.3 | 1,304.4 | 1,364.2 | 4.3% |
| MEA | 280.3 | 244.3 | 220.8 | 234.4 | 238.7 | 243.6 | 249.4 | 256.0 | 263.5 | 271.9 | 292.4 | 302.5 | 313.1 | 3.7% |
| Overall | 11,304.4 | 9,971.4 | 9,123.8 | 9,808.1 | 10,112.2 | 10,456.0 | 10,842.9 | 11,276.6 | 11,761.5 | 12,302.5 | 12,882.0 | 13,502.9 | 14,165.9 | 4.4% |
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