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 Share
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 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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