Marketing & Advertising

Key Highlights

A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.62% during the period between 2019 and 2027. The report, titled “Wax Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 – 2027,” estimates the global wax to reach US$ 10.73 Bn by 2027, from US$ 8.49 bn in 2018.

The report points out that the rising base of end-use industries such as adhesives, rubber, cosmetics, packaging, candles, and wood and fire-logs is driving the global wax market. The growing demand from the packaging and cosmetics industries is particularly contributing towards the growth of the market. However, the closure of Group I base oil refineries will inhibit the growth of the global wax market during the forecast horizon. The overall market has a huge opportunity to grow with the introduction of gas-to-liquid (GTL) waxes.

Request Sample of Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1015

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