#Candle wax machine drivers

Global Slack Wax Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billionħ. Global Slack Wax Market, Segmentation By Grade, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ BillionĦ.3. Global Slack Wax Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ BillionĦ.2.

Global Slack Wax Historic Market, 2017-2022, $ Billionĥ.2. Impact Of High Inflation On Slack Wax Marketĥ.1. Ukraine-Russia War Impact On Slack Wax MarketĤ.3. Slack Wax Market - Macro Economic ScenarioĤ.2. The market value includes the value of goods sold by the manufacturers or creators of the goods, whether to other entities or directly to end customers.ģ. The Slack Wax market consists of sales of low-neutral, medium-neutral, and heavy-neutral slack waxes. This increasing demand from the cosmetic industry is driving the growth of the Slack Wax market. Slack wax is a critical raw material in the production of paraffin wax, which is widely used in various cosmetic preparations such as solid perfumes, creams, beauty masks, and protective creams due to its viscosity, binding, and softening properties.Īccording to a survey conducted in 2022 by Catalina, a US-based digital media company, 52% of US-based consumers are planning to spend on beauty and enhancement products, and approximately 19% of respondents increased their expenditure on beauty products in 2022. The increasing demand from the cosmetic industry is expected to drive the growth of the Slack Wax market. Key countries analyzed in the report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The acquisition aims to strengthen Awax Group's technological leadership in the wax sector and expand its range of wax products.Īsia-Pacific was the largest region in the Slack Wax market in 2022, and the region is expected to witness the fastest growth during the forecast period. In March 2022, Awax Group, an Italy-based chemical company specializing in wax production and distribution, acquired Sasol Wax GmbH, a Germany-based company operating in natural and synthetic paraffin waxes. It serves as the precursor of paraffin wax and scale wax. Slack wax is the crude wax produced in the oil refining process by chilling and solvent filter-pressing wax distillate. Support internal and external presentations with reliable high-quality data and analysis. Understand customer dynamics based on the latest market shares.īenchmark performance against key competitors.

#Candle wax machine drivers

Outperform competitors using forecast data and insights into market drivers and trends. Identify investment opportunities in growth segments. Measure the influence of high global inflation on market growth.ĭevelop regional and country-specific strategies based on localized data and analysis. Understand the market's response to COVID-19 and how it is responding as the impact of the virus abates.Īssess the direct and indirect effects of the Russia- Ukraine war on agriculture, energy, mineral commodity supply, and the market. Gain a comprehensive global perspective with detailed coverage of 50+ geographies. Major players in the Slack Wax market include ExxonMobil Corporation, Royal Dutch Shell PLC, Thai Oil Public Company Limited, Iranol Company, American Refining Group Inc., IRPC Public Company Limited, BP p.l.c, Sasol Limited, PT Pertamina, RAHA Paraffin Co, China Petroleum & Chemical Corporation, ATDM Co Ltd., Industrial Raw Materials LLC, HF Sinclair Corporation, Polwax S A, Panama Petrochem Ltd., Industrial Raw Materials LLC, and Eagle Petrochem Company. Furthermore, the market is expected to reach $4.17 billion by 2027, with a CAGR of 1.8%. The market is projected to grow from $3.83 billion in 2022 to $3.88 billion in 2023, with a compound annual growth rate (CAGR) of 1.5%. This report provides strategists, marketers, and senior management with critical information needed to assess the Slack Wax market.