The latest market report published by Credence Research, Inc. Wax Market, By Type, By Application and Region - Growth, Future Prospects, and Competitive Analysis, 2017 - 2025, the global wax market is expected to grow at a CAGR of 3.2% from 2017 to 2025. Market Insights Wax is used in wide range of applications in several industries ranging from paints to textile ink, coatings to packaging, cosmetics, and pharmaceuticals to food and electronics to rubber. Thus, the surge in demand of end users industries is the pivotal factor in the growth of the global wax market. Browse the full Wax Market - Growth, Future Prospects, and Competitive Analysis, 2017 2025 report athttp://www.credenceresearch.com/report/wax-market Bio wax products are widely used in personal care products. With growing preference for natural remedies and ayurvedic medicines across the world further boost the use of wax in the personal care industry. There is also paradigm shift observed from petrochemical to naturally derived wax in personal care, baby product and general healthcare and wellness product. Thus, booming personal care industry is another factor driving the overall wax market. Currently, though there is a strong supply of natural and synthetic wax, with time there is concern whether the overall supply of wax would be able to meet the rising demand for wax. The global wax market that is dominated by petroleum wax is now on the decline. Over past few years, there is a 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 the majority of refiners are drifting away from producing these base oils, which would lead to a 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. By Application Outlook: Cosmetics Hotmelts Candles Board Sizing Rubber Packaging Others By Type: Petroleum & Mineral Wax o Paraffin Wax o Microcrystalline Wax o Petrolatum (Petroleum Jelly) o Others (semi-crystalline wax) Synthetic Wax Natural Wax Key Trends · Rising demand from emerging economies · Evolving technology · Rising demand for end-use industries Browse the full Wax Market - Growth, Future Prospects and Competitive Analysis, 2017 2025 report at: http://www.credenceresearch.com/report/wax-market Blog: http://www.mobilecomputingtoday.co.uk/6669/wax-market-expected-reach-10962-76-2025-rising-demand-end-use-applications-projected-drive-wax-market-credence-research/ Latest Reports: Bacterial Vaginosis Drugs Market: http://www.credenceresearch.com/report/bacterial-vaginosis-drugs-market Staple Fibers Market: http://www.credenceresearch.com/report/staple-fibers-market About: 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 for this task. Media Contact Name: Chris Smith Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US E-mail: sales@credenceresearch.com Ph: 1-800-361-8290 Web: http://www.credenceresearch.com