Synthetic Polymer Wax Market

Get detailed insights into the Synthetic Polymer Wax Market, including key players, market segmentation, and growth prospects

Polishing and Protecting Surfaces: The Potential of Synthetic Polymer Waxes

Category: Chemicals & Materials Published Date : Feb-23 ID: CVC-69967 Format: PDF Pages: 300

Report Highlights

According to a research survey conducted by ChemView Consulting, Synthetic Polymer Wax Market is estimated to be worth US$ 671.69 Mn in 2023. The market is expected to grow at a CAGR of 9.90 % between 2023 and 2033 to hit US$ 1795.80 Mn by 2033 end.

Key Market Trends

Sustainable Synthetic Polymer Wax

Synthetic polymer wax is a type of wax that is derived from polymers, which are large molecules made up of repeating units. It is widely used in various industries such as automotive, construction, and packaging due to its excellent properties such as water resistance, high gloss, and durability.

The future of the synthetic polymer wax market lies in sustainability. Companies are increasingly focusing on developing eco-friendly versions of synthetic polymer wax that can reduce their carbon footprint and meet the growing demand for sustainable products. This trend is expected to drive innovation in the industry, leading to the development of new and improved products that are both eco-friendly and high performing.

Advanced Nanotechnology and Smart Coatings

The synthetic polymer wax market is witnessing a new era of technological advancements with the integration of nanotechnology and smart coatings. Nanotechnology is the manipulation of matter at the molecular and atomic level, allowing for the creation of materials with unique properties. The application of nanotechnology in the synthetic polymer wax market is expected to result in the development of coatings with enhanced properties such as self-healing, anti-fouling, and anti-corrosion. Additionally, smart coatings that can change their properties in response to environmental stimuli such as temperature and humidity are also being developed.

Market Drivers

Growing Demand for Bio-Based Products to Drive the Synthetic Polymer Wax Market

The synthetic polymer wax market is set to experience significant growth in the coming years due to the increasing demand for bio-based products. Consumers are becoming more environmentally conscious, and they are seeking sustainable alternatives to traditional products. Synthetic polymer wax is an attractive option for manufacturers as it offers several advantages over natural wax, such as better stability, consistency, and lower production costs.

Rising Demand for Personal Care Products to Boost the Synthetic Polymer Wax Market

The demand for personal care products is increasing worldwide, and this trend is set to drive the synthetic polymer wax market. Synthetic polymer wax is widely used in the production of personal care products such as lipsticks, creams, and lotions. It provides excellent emulsifying properties, improves product stability, and enhances the sensory properties of the final product. The growing popularity of natural and organic personal care products is also driving the demand for synthetic polymer wax. Consumers are seeking products that are safe and gentle on their skin, and synthetic polymer wax can be used as a natural alternative to synthetic emulsifiers and stabilizers.

Segmentation Insights

After conducting a thorough analysis of the Synthetic Polymer Wax Market, we have identified the top three trending segments in the industry. These segments are experiencing high demand, strong market growth, and extensive adoption.

Most Popular (Fastest Growth Rate)

Polyethylene Wax

Polyethylene Wax has emerged as the most popular choice in the Synthetic Polymer Wax Market for the Plastics Industry. These waxes are used as processing aids to improve the flow of plastic materials, reduce friction and static, and improve the surface quality of plastic products. The high-quality performance and cost-effectiveness of polyethylene wax make it the preferred choice for consumers seeking efficient and reliable solutions in the plastics industry.

Most Selling (Largest Market Share)

Fischer-Tropsch Wax

Fischer-Tropsch Wax is the most selling product in the Synthetic Polymer Wax Market for the Paints & Coatings Industry. These waxes are used as additives in paint and coatings to improve scratch resistance, gloss, and texture, and reduce settling and viscosity. The high performance and compatibility of Fischer-Tropsch Wax make it the go-to choice for consumers seeking effective and versatile solutions in the paints and coatings industry.

Trending (Gaining Traction)

Ethylene Vinyl Acetate Wax

Ethylene Vinyl Acetate Wax is gaining significant traction in the Synthetic Polymer Wax Market for the Textile Industry. These waxes are used as additives in textile applications such as printing, finishing, and sizing to improve the lubricity, softness, and water resistance of fabrics. The excellent dispersibility and adhesion properties of Ethylene Vinyl Acetate Wax make it the trending choice for consumers seeking high-quality and sustainable solutions in the textile industry.

Regional Insights

Favorable Government Policies to Boost Synthetic Polymer Wax Market Growth in Asia Pacific

The synthetic polymer wax market in the Asia Pacific region is expected to witness significant growth due to favorable government policies and initiatives that promote industrial development and infrastructure growth. One of the key drivers for market growth is the government’s focus on developing and modernizing infrastructure in the region. The increasing investments in infrastructure development projects such as roads, bridges, airports, and ports are driving the demand for synthetic polymer wax in various construction and maintenance applications.

Growing Automotive and Construction Industries Boost Demand for Synthetic Polymer Wax Market in North America

The North American market for synthetic polymer wax is expected to experience significant growth in the coming years, driven by several key factors. The increasing demand for synthetic polymer wax can be attributed to the growth of the automotive and construction industries in the region. Synthetic polymer wax is used in these industries for its protective and aesthetic qualities, as it provides a high-gloss finish and helps protect against harsh weather conditions.

Report Includes

Research Scope/Taxonomy
Market Analysis by Product type:

  • Homopolymer Wax
  • Polyethylene wax
  • Polypropylene Wax
  • Fishcher-Trospch Wax
  • Co-polymer Wax
  • Ethylene Vinyl Acetate Wax
  • Ethylene Acrylic Acid wax

Market Analysis by Application:

  • Lubricating
  • Wetting and dispersing
  • Surface Modifying
  • Retention

Market Analysis by End-use industry:

  • Polish Industry
  • Floor polishes
  • Car polishes
  • Furniture polishes
  • Shoe polishes
  • Construction
  • Plastics
  • Paints & coating
  • Printing ink industry
  • Paper & packaging
  • Textile industry

Market analysis by region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Middle East & Africa
  • East Asia
  • South Asia & Pacific

Analyst Credentials

Key Companies Profiled

  • BASF
  • Innospec
  • The DuPont
  • Honeywell
  • SCG Chemicals Co., Ltd
  • Trecora Chemical
  • Baker Hughes
  • Zell Chemie International
  • Clariant

1.1. Global Market Snapshot

1.2. Key Success Factors

1.3. Strategic Analysis and Recommendations

2.1. Market Taxonomy

2.2. Market Definitions

3.1. Preliminary Investigation & Research Design

3.2. Secondary Research & Primary Research

3.3. Data Analysis & Econometric Modelling

3.4. Expert Data Validation

4.1. Supply-Side Trends

4.2. Demand-Side Trends

5.1. Global Market Value (US$ Mn) Analysis, 2017 – 2032

5.2. Incremental $ Opportunity Index, 2022-2032

5.3. Global Market Volume (Tons) Analysis, 2017 – 2032

6.1. Regional Level Pricing Analysis and Forecast

6.1.1. Manufacturers Level Pricing

6.1.2. Distributor Level Pricing

6.2. Global Pricing Analysis Benchmark

6.3. Cost Breakdown Analysis

7.1. Cross Analysis of Application W.R.T. Product Type

8.1. Regional Supply Vs. Demand Gap Assessment

8.2. Top Producing Countries Analysis

9.1. Macroeconomic Factors

9.2. Forecast Factors

9.3. Market Dynamics

9.3.1. Driver

9.3.2. Restraint

9.3.3. Opportunity

9.4. Supply Chain Analysis

9.4.1. List Raw Material Suppliers

9.4.2. List of Manufacturers

9.4.3. List of Distributors

9.4.4. List of End-Users

9.4.5. End-Users Consumption Analysis

9.4.6. Average Profitability Margin Analysis

9.5. Covid-19 Impact Assessment

9.5.1. Economy/Cluster Projections

9.5.2. Covid-19 Economic Assessment

9.5.3. Impact on Target Market

9.5.4. Recovery Scenario

9.6. Regulatory Framework

9.6.1. Regulations of Key Countries

9.6.2. Potential Impact of Regulations

9.7. Porter’s Five Forces Analysis

9.8. Technology Landscape

10.1. Introduction

10.2. Key Market Trends

10.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Product Type [Value (US$ Mn) and Volume (Tons) Analysis]

10.3.1. Homopolymer Wax

10.3.2. Polyethylene wax

10.3.3. Polypropylene Wax

10.3.4. Fishcher-Trospch Wax

10.3.5. Co-polymer Wax

10.3.6. Ethylene Vinyl Acetate Wax

10.3.7. Ethylene Acrylic Acid wax

10.4. Market Attractiveness Analysis by Product Type

11.1. Introduction

11.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Application [Value (US$ Mn) and Volume (Tons) Analysis]

11.2.1. Lubricating

11.2.2. Wetting and dispersing

11.2.3. Surface Modifying

11.2.4. Retention Nuclear

11.3. Market Attractiveness Analysis by Application

12.1. Introduction

12.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By End-Use Industry [Value (US$ Mn) and Volume (Tons) Analysis]

12.2.1. Polish Industry

12.2.2. Floor polishes

12.2.3. Car polishes

12.2.4. Furniture polishes

12.2.5. Shoe polishes

12.2.6. Construction

12.2.7. Plastics

12.2.8. Paints & coating

12.2.9. Printing ink industry

12.2.10. Paper & packaging

12.2.11. Textile industry

12.3. Market Attractiveness Analysis by End-Use Industry

13.1. Introduction

13.2. Key Market Trends

13.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]

13.3.1. North America

13.3.2. Latin America

13.3.3. Europe

13.3.4. Asia-Pacific

13.3.5. Middle East

13.3.6. Africa

13.4. Market Attractiveness Analysis by Region

14.1. Introduction

14.2. Key Market Trends

14.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

14.3.1. By Country U.S. Canada

14.3.2. By Product Type

14.3.3. By Application

14.3.4. By End-Use Industry

14.4. Market Attractiveness Analysis

14.4.1. By Country

14.4.2. By Product Type

14.4.3. By Application

14.4.4. By End-Use Industry

15.1. Introduction

15.2. Key Market Trends

15.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

15.3.1. By Country Brazil Mexico Rest of Latin America

15.3.2. By Product Type

15.3.3. By Application

15.3.4. By End-Use Industry

15.4. Market Attractiveness Analysis

15.4.1. By Country

15.4.2. By Product Type

15.4.3. By Application

15.4.4. By End-Use Industry

16.1. Introduction

16.2. Key Market Trends

16.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

16.3.1. By Country Germany Italy France UK Spain Netherlands Norway Russia Rest of Europe

16.3.2. By Product Type

16.3.3. By Application

16.3.4. By End-Use Industry

16.4. Market Attractiveness Analysis

16.4.1. By Country

16.4.2. By Product Type

16.4.3. By Application

16.4.4. By End-Use Industry

17.1. Introduction

17.2. Key Market Trends

17.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

17.3.1. By Country China Japan South Korea India Indonesia Thailand Vietnam Australia & New Zealand Rest of Asia-Pacific

17.3.2. By Product Type

17.3.3. By Application

17.3.4. By End-Use Industry

17.4. Market Attractiveness Analysis

17.4.1. By Country

17.4.2. By Product Type

17.4.3. By Application

17.4.4. By End-Use Industry

18.1. Introduction

18.2. Key Market Trends

18.3. Pricing Analysis

18.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

18.4.1. By Country Saudi Arabia Turkey U.A.E. Rest of the Middle East

18.4.2. By Product Type

18.4.3. By Application

18.4.4. By End-Use Industry

18.5. Market Attractiveness Analysis

18.5.1. By Country

18.5.2. By Product Type

18.5.3. By Application

18.5.4. By End-Use Industry

19.1. Introduction

19.2. Key Market Trends

19.3. Pricing Analysis

19.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

19.4.1. By Country South Africa Nigeria Egypt Rest of Africa

19.4.2. By Product Type

19.4.3. By Application

19.4.4. By End-Use Industry

19.5. Market Attractiveness Analysis

19.5.1. By Country

19.5.2. By Product Type

19.5.3. By Application

19.5.4. By End-Use Industry

20.1. Tier Structure Breakdown

20.2. Market Share Analysis

20.3. Production Capacity Analysis

20.4. Company Footprint Analysis

20.4.1. Product Footprint of Players

20.4.2. Regional Footprint of Players

20.4.3. Channel Footprint of Players

20.5. Brand Preference Analysis

20.6. Competition Dashboard

21.1. BASF

21.1.1. Company Overview

21.1.2. Product & Financial Portfolio

21.1.3. Manufacturing Facilities

21.1.4. Recent Developments

21.1.5. SWOT Analysis

21.1.6. Strategy Overview

21.2. Innospec

21.3. The DuPont

21.4. Honeywell


21.6. SCG Chemicals Co., Ltd

21.7. Trecora Chemical

21.8. Baker Hughes

21.9. Zell Chemie International

21.10. Clariant