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Global Wax Market - Growing Demand for Vegetable & Animal Waxes in the Cosmetics & Healthcare Industries - Research and MarketsResearch and Markets has announced the addition of the "Global Wax Market Size, Share, Development, Growth and Demand Forecast to 2020" report to their offering. Waxes have thousands of applications in several industries, including candles, electronics and electrical, inks and coatings, textile, pharmaceuticals, cosmetics, paints, paper, automotive, plastic, and rubber. Major portion of wax is derived from crude petroleum, whereas several other sources include lignite, natural gas, vegetables, animals and insects. The increased demand of natural wax and large base of end-user industries is driving the growth of the global market. The demand for vegetable and animal waxes in the cosmetics and healthcare industries is continuously increasing, due to the several advantages of natural waxes, such as sustainability, renewability, biodegradability , high melting point, petroleum free content, an other eco-friendly attributes. However, the shutting down of Group I base oil refineries across the globe has tightened the global wax supply, which is hindering the growth of the global wax market. The global wax market was valued at $ 7,939.6 million in 2014, and it is expected to grow with a CAGR of 3.5% during 2015 - 2020. Asia-Pacific accounted for the largest share of the global wax market with 1,579.6 kilotons consumed in 2014. The North American market was valued at $ 2,467.9 million in 2014 and accounted for the second largest share in the global wax market. Companies Mentioned:
Key Topics Covered: 1. Research Scope & Methodology 2. Executive Summary 3. Market Outlook 4. Global Wax Market Size And Forecast (2011-2020) 5. Global Wax Market Breakdown By Geography 6. Competitive Positioning Analysis 7. Company Profiles And Strategic Developments 8. Appendix For more information about this report visit http://www.researchandmarkets.com/research/slglkr/global_wax_market View source version on businesswire.com: http://www.businesswire.com/news/home/20161205005944/en/ |