Allied Market Research Says, the global Wax Market size was $11.6 billion in 2020, and is set to reach $16.7 billion by 2030, registering a CAGR of 3.7% from 2021 to 2030. The report offers key drivers that propel the growth in the global Spandex market. These insights help market players in devising strategies to gain market …
Tag Archives: Wax Market
Wax Market Study on Demand Type, Application, Growth Opportunity, Trend, Geography and Forecast, 2022-2030
As per report by Allied Market Research, By application, the candles segment contributed to the major share in 2020, holding around three-fifths of the global wax market. Increasing applications of candles drive the segment growth. The packaging segment, however, would cite the fastest CAGR of 4.1% during the forecast period. The fact that wax offers …
Wax Market Size, Share, Trend, Growth, Regional Scenario, Competitive Landscape and Industry Forecast, 2020-2030
Global Wax Market growth is driven by increase in demand for wax from the candle and packaging industries. Also, increasing applications of wax is projected to pave the way for lucrative opportunities in the industry. By region, the market Asia-Pacific had the lion’s share in 2020, generating nearly one-third of the global wax market. The …
Wax Market Statistics: A Huge Opportunity For Investors by 2030
Waxes are a mixture of hydrophobic organic materials that turns into solid state at a temperature of 20°C, and melts at temperature higher than 40°C up to 140°C. Wax offers superior resistance towards temperature. The key sources of producing wax are petroleum, plants, animals, and natural gases. Paraffin/mineral wax, synthetic wax, and natural wax are …
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