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Synthetic Polymer Waxes Market Size, Share & Industry Analysis, By Type (Homopolymer Wax, Polyethylene wax, Polypropylene Wax, Fishcher-Trospch Wax, Co-polymer Wax, Ethylene Vinyl Acetate Wax, Ethylene Acrylic Acid wax, Others), By Application (Lubricating, Wetting and dispersing, Surface Modifying, Retention, Others), By End-Use Industry (Automotive, Construction, Plastic, Paint & Coating, Textile, Paper & Packaging, Others) & Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105426 | Status : Ongoing



A wax comprises of alcohols, long-chain fatty acids, and sterols, which melt at a slightly higher temperature. It is either found naturally or produced synthetically through the polymerization process. The characteristics such as strong bonding and inexpensive make synthetic polymer wax a preferred choice over natural wax. Material such as polyethylene, polypropylene, Fischer-troops, co-polymer, ethylene vinyl acetate, or ethylene acrylic acid is used to produce synthetic wax. Moreover, the product offers a high melting point, better abrasion resistance, better durability, and bright translucent shine. The high consumption of the product can be seen in cosmetics, food, automotive, and pharmaceutical industries.

The increasing demand of synthetic polymer waxes from the automotive industry will lead to propelling market growth. Synthetic polymer wax is generally adopted to modify the surface texture, appearance, hardness, and viscosity of wax blends. Also, it helps to maintain the vehicle's color and shine and protect it from fading, discoloration, and oxidation, which is mainly caused by sunlight. The innovation in automotive vehicles coupled with rapid growth in the automotive industry will boost product consumption. Hence, this will fuel the synthetic polymer waxes market growth.  

However, the availability of substitute products including carnauba wax (natural wax) restricts product adoption in various applications. Hence, this is anticipated to restrict market growth.

Up Arrow

Key Market Driver -

The rising demand of synthetic polymer waxes from the automotive industry will drive the market growth.

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Key Market Restraint -

Availability of the substitute products to hamper the market growth

Market Segmentation:

Based on type, the synthetic polymer waxes market is segmented homopolymer wax. Based on application, the market is segmented into polyethylene wax, polypropylene wax, fishcher-trospch wax, co-polymer wax, ethylene vinyl acetate wax, ethylene acrylic acid wax, and others. Based on application, the market is segmented into lubricating, wetting and dispersing, surface modifying, retention, and other. Based on end-use industry, the market is segmented into automotive, construction, plastic, paint & coating, textile, paper & packaging, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. 

Key Players Covered:

The key players in the synthetic polymer waxes market include BASF, Innospec, The DuPont, Honeywell, ZSCHIMMER & SCHWARZ, SCG Chemicals Co., Ltd, Trecora Chemical, Baker Hughes, Zell Chemie International, and Clariant,

Key Insights

  • Key Emerging Trends – For Major Countries

  • Key Developments: Mergers, Acquisition, Partnership, etc.

  • Latest Technological Advancement

  • Insights on Regulatory Scenarios

  • Porters Five Forces Analysis

Regional Analysis:

Europe is anticipated to witness sustainable growth in the synthetic polymer waxes market. The growth is attributed to the rising product demand from the automotive industry. The rising demand for homopolymer and polyethylene wax from the plastic industry will fuel the market growth in North America. In Asia Pacific, the growth is due to rising demand for copolymer and polypropylene wax from the textile and paper & packaging industry. The Middle East & Africa is anticipated to witness significant growth, owing to the rising product demand from the paint & coating industry.

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By Type

  • Homopolymer Wax

  • Polyethylene wax

  • Polypropylene Wax

  • Fishcher-Trospch Wax

  • Co-polymer Wax

  • Ethylene Vinyl Acetate Wax

  • Ethylene Acrylic Acid wax

  • Others

By Application

  • Lubricating

  • Wetting and dispersing

  • Surface Modifying

  • Retention

  • Others

By End-Use Industry

  • Automotive

  • Construction

  • Plastic

  • Paint & Coating

  • Textile

  • Paper & Packaging

  • Others

By Geography

  • North America (U.S. and Canada)

  • Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)

  • Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

  • Ongoing
  • 2023
  • 2019-2022

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