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Global Solid Waxes Market Research Report 2025
Synopsis
Waxes are a diverse class of organic compounds that are lipophilic, malleable solids near ambient temperatures. They include higher alkanes and lipids, typically with melting points above about 40 °C (104 °F), melting to give low viscosity liquids. Waxes are insoluble in water but soluble in organic, nonpolar solvents. Natural waxes of different types are produced by plants and animals and occur in petroleum.Solid waxes are waxes that exist in a solid state at room temperature. They are organic compounds that typically have a high melting point and solidify when the temperature drops. Solid waxes are derived from various sources, including plants, animals, and minerals, and they have a wide range of applications in different industries.
The global Solid Waxes market was valued at US$ 7588 million in 2023 and is anticipated to reach US$ 10910 million by 2030, witnessing a CAGR of 5.4% during the forecast period 2024-2030.
The global solid waxes market has witnessed steady growth over the years, driven by various factors such as the increasing demand from end-use industries, advancements in product formulations, and the rising preference for natural and sustainable wax alternatives.
Solid waxes find applications in diverse industries, including candles, packaging, cosmetics, adhesives, coatings, and food. Here are some key trends and factors influencing the global solid waxes market:
Candle Industry: Solid waxes, such as paraffin wax and natural waxes like beeswax, are widely used in the production of candles. The demand for scented and decorative candles has been growing, particularly with the rising popularity of home decor and aromatherapy products.
Packaging Industry: Solid waxes are utilized in packaging applications for their sealing, coating, and barrier properties. They can provide moisture resistance, heat resistance, and enhanced appearance to packaging materials. The global focus on sustainable packaging solutions and the increasing demand for eco-friendly materials have positively impacted the growth of the solid waxes market in this industry.
Cosmetics and Personal Care: Solid waxes, such as beeswax and carnauba wax, are commonly used in the formulation of cosmetics and personal care products. They provide texture, stability, and viscosity control to products like lip balms, lotions, creams, and makeup. The trend towards natural and organic ingredients in the cosmetics industry has driven the demand for solid waxes derived from renewable sources.
Adhesives and Coatings: Solid waxes are used as additives in adhesives and coatings to improve their performance and provide properties like heat resistance, water repellency, and surface protection. The growth of industries such as construction, automotive, and woodworking has contributed to the demand for solid waxes in this segment.
Emerging Applications: Solid waxes are continuously finding new applications in various industries. For example, in the food industry, they may be used as food glazing agents or release agents. In the pharmaceutical industry, they are utilized in the formulation of oral solid dosage forms. The exploration of innovative uses for solid waxes is expected to drive the market further.
This report aims to provide a comprehensive presentation of the global market for Solid Waxes, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Solid Waxes.
Report Scope
The Solid Waxes market size, estimations, and forecasts are provided in terms of output/shipments (Kiloton) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Solid Waxes market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Solid Waxes manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
AkzoNobel
BASF
DowDuPont
Liberon
Fiddes
Osmo
Sinopec Limited
Exxon Mobil Corporation
Sasol
Simoniz
Minwax
Bona
GiriWax
Ronseal
Staples
Segment by Type
Synthetic Waxes
Natural Waxes
Segment by Application
Automotive
Furniture
Metal Surface
Other
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Solid Waxes manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Solid Waxes by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Solid Waxes in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Waxes are a diverse class of organic compounds that are lipophilic, malleable solids near ambient temperatures. They include higher alkanes and lipids, typically with melting points above about 40 °C (104 °F), melting to give low viscosity liquids. Waxes are insoluble in water but soluble in organic, nonpolar solvents. Natural waxes of different types are produced by plants and animals and occur in petroleum.Solid waxes are waxes that exist in a solid state at room temperature. They are organic compounds that typically have a high melting point and solidify when the temperature drops. Solid waxes are derived from various sources, including plants, animals, and minerals, and they have a wide range of applications in different industries.
The global Solid Waxes market was valued at US$ 7588 million in 2023 and is anticipated to reach US$ 10910 million by 2030, witnessing a CAGR of 5.4% during the forecast period 2024-2030.
The global solid waxes market has witnessed steady growth over the years, driven by various factors such as the increasing demand from end-use industries, advancements in product formulations, and the rising preference for natural and sustainable wax alternatives.
Solid waxes find applications in diverse industries, including candles, packaging, cosmetics, adhesives, coatings, and food. Here are some key trends and factors influencing the global solid waxes market:
Candle Industry: Solid waxes, such as paraffin wax and natural waxes like beeswax, are widely used in the production of candles. The demand for scented and decorative candles has been growing, particularly with the rising popularity of home decor and aromatherapy products.
Packaging Industry: Solid waxes are utilized in packaging applications for their sealing, coating, and barrier properties. They can provide moisture resistance, heat resistance, and enhanced appearance to packaging materials. The global focus on sustainable packaging solutions and the increasing demand for eco-friendly materials have positively impacted the growth of the solid waxes market in this industry.
Cosmetics and Personal Care: Solid waxes, such as beeswax and carnauba wax, are commonly used in the formulation of cosmetics and personal care products. They provide texture, stability, and viscosity control to products like lip balms, lotions, creams, and makeup. The trend towards natural and organic ingredients in the cosmetics industry has driven the demand for solid waxes derived from renewable sources.
Adhesives and Coatings: Solid waxes are used as additives in adhesives and coatings to improve their performance and provide properties like heat resistance, water repellency, and surface protection. The growth of industries such as construction, automotive, and woodworking has contributed to the demand for solid waxes in this segment.
Emerging Applications: Solid waxes are continuously finding new applications in various industries. For example, in the food industry, they may be used as food glazing agents or release agents. In the pharmaceutical industry, they are utilized in the formulation of oral solid dosage forms. The exploration of innovative uses for solid waxes is expected to drive the market further.
This report aims to provide a comprehensive presentation of the global market for Solid Waxes, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Solid Waxes.
Report Scope
The Solid Waxes market size, estimations, and forecasts are provided in terms of output/shipments (Kiloton) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Solid Waxes market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Solid Waxes manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
AkzoNobel
BASF
DowDuPont
Liberon
Fiddes
Osmo
Sinopec Limited
Exxon Mobil Corporation
Sasol
Simoniz
Minwax
Bona
GiriWax
Ronseal
Staples
Segment by Type
Synthetic Waxes
Natural Waxes
Segment by Application
Automotive
Furniture
Metal Surface
Other
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Solid Waxes manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Solid Waxes by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Solid Waxes in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Solid Waxes Market Overview
1.1 Product Definition
1.2 Solid Waxes Segment by Type
1.2.1 Global Solid Waxes Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Synthetic Waxes
1.2.3 Natural Waxes
1.3 Solid Waxes Segment by Application
1.3.1 Global Solid Waxes Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Automotive
1.3.3 Furniture
1.3.4 Metal Surface
1.3.5 Other
1.4 Global Market Growth Prospects
1.4.1 Global Solid Waxes Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Solid Waxes Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Solid Waxes Production Estimates and Forecasts (2019-2030)
1.4.4 Global Solid Waxes Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Solid Waxes Production Market Share by Manufacturers (2019-2024)
2.2 Global Solid Waxes Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Solid Waxes, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Solid Waxes Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Solid Waxes Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Solid Waxes, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Solid Waxes, Product Offered and Application
2.8 Global Key Manufacturers of Solid Waxes, Date of Enter into This Industry
2.9 Solid Waxes Market Competitive Situation and Trends
2.9.1 Solid Waxes Market Concentration Rate
2.9.2 Global 5 and 10 Largest Solid Waxes Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Solid Waxes Production by Region
3.1 Global Solid Waxes Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Solid Waxes Production Value by Region (2019-2030)
3.2.1 Global Solid Waxes Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Solid Waxes by Region (2025-2030)
3.3 Global Solid Waxes Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Solid Waxes Production by Region (2019-2030)
3.4.1 Global Solid Waxes Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Solid Waxes by Region (2025-2030)
3.5 Global Solid Waxes Market Price Analysis by Region (2019-2024)
3.6 Global Solid Waxes Production and Value, Year-over-Year Growth
3.6.1 North America Solid Waxes Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Solid Waxes Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Solid Waxes Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Solid Waxes Production Value Estimates and Forecasts (2019-2030)
4 Solid Waxes Consumption by Region
4.1 Global Solid Waxes Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Solid Waxes Consumption by Region (2019-2030)
4.2.1 Global Solid Waxes Consumption by Region (2019-2024)
4.2.2 Global Solid Waxes Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Solid Waxes Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Solid Waxes Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Solid Waxes Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Solid Waxes Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Solid Waxes Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Solid Waxes Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Solid Waxes Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Solid Waxes Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Solid Waxes Production by Type (2019-2030)
5.1.1 Global Solid Waxes Production by Type (2019-2024)
5.1.2 Global Solid Waxes Production by Type (2025-2030)
5.1.3 Global Solid Waxes Production Market Share by Type (2019-2030)
5.2 Global Solid Waxes Production Value by Type (2019-2030)
5.2.1 Global Solid Waxes Production Value by Type (2019-2024)
5.2.2 Global Solid Waxes Production Value by Type (2025-2030)
5.2.3 Global Solid Waxes Production Value Market Share by Type (2019-2030)
5.3 Global Solid Waxes Price by Type (2019-2030)
6 Segment by Application
6.1 Global Solid Waxes Production by Application (2019-2030)
6.1.1 Global Solid Waxes Production by Application (2019-2024)
6.1.2 Global Solid Waxes Production by Application (2025-2030)
6.1.3 Global Solid Waxes Production Market Share by Application (2019-2030)
6.2 Global Solid Waxes Production Value by Application (2019-2030)
6.2.1 Global Solid Waxes Production Value by Application (2019-2024)
6.2.2 Global Solid Waxes Production Value by Application (2025-2030)
6.2.3 Global Solid Waxes Production Value Market Share by Application (2019-2030)
6.3 Global Solid Waxes Price by Application (2019-2030)
7 Key Companies Profiled
7.1 AkzoNobel
7.1.1 AkzoNobel Solid Waxes Corporation Information
7.1.2 AkzoNobel Solid Waxes Product Portfolio
7.1.3 AkzoNobel Solid Waxes Production, Value, Price and Gross Margin (2019-2024)
7.1.4 AkzoNobel Main Business and Markets Served
7.1.5 AkzoNobel Recent Developments/Updates
7.2 BASF
7.2.1 BASF Solid Waxes Corporation Information
7.2.2 BASF Solid Waxes Product Portfolio
7.2.3 BASF Solid Waxes Production, Value, Price and Gross Margin (2019-2024)
7.2.4 BASF Main Business and Markets Served
7.2.5 BASF Recent Developments/Updates
7.3 DowDuPont
7.3.1 DowDuPont Solid Waxes Corporation Information
7.3.2 DowDuPont Solid Waxes Product Portfolio
7.3.3 DowDuPont Solid Waxes Production, Value, Price and Gross Margin (2019-2024)
7.3.4 DowDuPont Main Business and Markets Served
7.3.5 DowDuPont Recent Developments/Updates
7.4 Liberon
7.4.1 Liberon Solid Waxes Corporation Information
7.4.2 Liberon Solid Waxes Product Portfolio
7.4.3 Liberon Solid Waxes Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Liberon Main Business and Markets Served
7.4.5 Liberon Recent Developments/Updates
7.5 Fiddes
7.5.1 Fiddes Solid Waxes Corporation Information
7.5.2 Fiddes Solid Waxes Product Portfolio
7.5.3 Fiddes Solid Waxes Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Fiddes Main Business and Markets Served
7.5.5 Fiddes Recent Developments/Updates
7.6 Osmo
7.6.1 Osmo Solid Waxes Corporation Information
7.6.2 Osmo Solid Waxes Product Portfolio
7.6.3 Osmo Solid Waxes Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Osmo Main Business and Markets Served
7.6.5 Osmo Recent Developments/Updates
7.7 Sinopec Limited
7.7.1 Sinopec Limited Solid Waxes Corporation Information
7.7.2 Sinopec Limited Solid Waxes Product Portfolio
7.7.3 Sinopec Limited Solid Waxes Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Sinopec Limited Main Business and Markets Served
7.7.5 Sinopec Limited Recent Developments/Updates
7.8 Exxon Mobil Corporation
7.8.1 Exxon Mobil Corporation Solid Waxes Corporation Information
7.8.2 Exxon Mobil Corporation Solid Waxes Product Portfolio
7.8.3 Exxon Mobil Corporation Solid Waxes Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Exxon Mobil Corporation Main Business and Markets Served
7.7.5 Exxon Mobil Corporation Recent Developments/Updates
7.9 Sasol
7.9.1 Sasol Solid Waxes Corporation Information
7.9.2 Sasol Solid Waxes Product Portfolio
7.9.3 Sasol Solid Waxes Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Sasol Main Business and Markets Served
7.9.5 Sasol Recent Developments/Updates
7.10 Simoniz
7.10.1 Simoniz Solid Waxes Corporation Information
7.10.2 Simoniz Solid Waxes Product Portfolio
7.10.3 Simoniz Solid Waxes Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Simoniz Main Business and Markets Served
7.10.5 Simoniz Recent Developments/Updates
7.11 Minwax
7.11.1 Minwax Solid Waxes Corporation Information
7.11.2 Minwax Solid Waxes Product Portfolio
7.11.3 Minwax Solid Waxes Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Minwax Main Business and Markets Served
7.11.5 Minwax Recent Developments/Updates
7.12 Bona
7.12.1 Bona Solid Waxes Corporation Information
7.12.2 Bona Solid Waxes Product Portfolio
7.12.3 Bona Solid Waxes Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Bona Main Business and Markets Served
7.12.5 Bona Recent Developments/Updates
7.13 GiriWax
7.13.1 GiriWax Solid Waxes Corporation Information
7.13.2 GiriWax Solid Waxes Product Portfolio
7.13.3 GiriWax Solid Waxes Production, Value, Price and Gross Margin (2019-2024)
7.13.4 GiriWax Main Business and Markets Served
7.13.5 GiriWax Recent Developments/Updates
7.14 Ronseal
7.14.1 Ronseal Solid Waxes Corporation Information
7.14.2 Ronseal Solid Waxes Product Portfolio
7.14.3 Ronseal Solid Waxes Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Ronseal Main Business and Markets Served
7.14.5 Ronseal Recent Developments/Updates
7.15 Staples
7.15.1 Staples Solid Waxes Corporation Information
7.15.2 Staples Solid Waxes Product Portfolio
7.15.3 Staples Solid Waxes Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Staples Main Business and Markets Served
7.15.5 Staples Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Solid Waxes Industry Chain Analysis
8.2 Solid Waxes Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Solid Waxes Production Mode & Process
8.4 Solid Waxes Sales and Marketing
8.4.1 Solid Waxes Sales Channels
8.4.2 Solid Waxes Distributors
8.5 Solid Waxes Customers
9 Solid Waxes Market Dynamics
9.1 Solid Waxes Industry Trends
9.2 Solid Waxes Market Drivers
9.3 Solid Waxes Market Challenges
9.4 Solid Waxes Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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