Microcrystalline Wax Market - Forecast(2024 - 2030)

Report Code: CMR 12653 Report Format: PDF + Excel


Microcrystalline Wax Market is forecast to reach $926.27 Million by 2025, after growing at a CAGR of 3.9% during 2020-2025. In the Asia-Pacific region, the market is driven by the rising personal care industry. The increased demand for ice hockey and snowboarding will likely be an opportunity for market growth in the North American region.The report covers Microcrystalline Wax Market size by type and Applications, Microcrystalline Wax Market share by top 5 companies and also the market share by start-ups during the forecast period.

Report Coverage

The report: “Microcrystalline Wax Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Microcrystalline Wax Market.


Key Takeaways

  • Huge demand from the end-use industries will provide a favorable macroeconomic environment for the polyethylene wax market.
  • A key driver of growth in the microcrystalline wax market strong demand for Chemicals and Petroleum-based products.
  • Industry leaders like pharmaceutical manufacturers, cosmetics manufacturers, etc. allow the development of strategic partnerships to increase their portfolios and market share.

Application - Segment Analysis

Cosmetics and Personal Care sector has been the primary market for Microcrystalline Wax by growing at a CAGR of 3.56%. For cosmetics and personal care products, microcrystalline wax is used for thickening the formulations as a viscosity agent, binder and emollient. With the increasing numbers of new products for beauty and the concern for good appearance, the demand for beauty products and cosmetics has increased significantly. Production has reached high levels and the region has become an important hub for exports to developed nations such as the United States for cosmetic products and personal care products. There is an estimated rapid increase in the demand for personal care products in countries such as South Korea and Indonesia, owing to increasing cosmetics. The Asia-Pacific region is the largest microcrystalline wax consumer and manufacturer. In addition, all the above factors are expected to drive the microcrystalline wax market during the prediction period.

Geography - Segment Analysis

APAC dominated the Microcrystalline Wax Market with a share of more than 36.4%, followed by North America and Europe. The use of cosmetics and personal care products is growing across the region with an increased focus on personal appearance, aging and the standard of living in countries like China and India. Since the last decade, the cosmetics market has grown in India. The country's packaging industry's growth is driven mainly by the food and pharmaceutical industries. Together with the increase in organized retail in the country, the large and growing Indian middle-class population stimulates the development of the packaging industry. The needs for packaging in India have increased because of various requirements for packaging, such as lightweight products different sizes, shelf life, and easy recycling. In addition, all these factors increase the demand in the Asia-Pacific region for micro-crystalline wax over the forecast period.

Drivers – Microcrystalline Wax Market

  • Increased global transport activities will raise the global demand for microcrystalline wax

However, the worldwide transportation of goods, fruit and vegetables are growing rapidly, contributing to an increasing demand for packaged foods. The growing demand for packaged foods can be due mainly to changes in dietary habits and preferences. As a result, the rising transportation of packaged foods creates enormous opportunities throughout the the forecast period for the food packaging industry. For impregnation, coating and contact adhesives used in food packaging, mixtures of hard paraffin, micro crystalline waxes with resins and plastics are used to ensure a longer lifespan for fruits / foods. Micro-crystalline the wax prevents moisture from keeping fruits safe for an extended period. The growing food packaging industry in the coming years will thus increase demand for microcrystalline wax.

Challenges – Microcrystalline Wax Market

  • Complete dependence on petrochemical feedstock decreases the growth of the demand for microcrystalline wax

Solvents generally come from refining and petrochemical feedstock operations and they are commonly used by end-use industries. The extraction of crude oils produces micro-crystalline waxes. The price of the volatility of such feedstock will trigger micro-crystalline wax prices to fluctuate. This might act as a restriction to oil-based feedstock and thus hinder the growth of the world's microcrystalline wax industry. In addition, the profits for microcrystalline wax suppliers will below.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Microcrystalline Wax market. In 2018, the market of Microcrystalline Wax has been consolidated by the top five players accounting for xx% of the share. Major players in the Microcrystalline Wax Market are Sasol, MOL Group, The International Group, Inc., Calumet Specialty Products Partners, L.P., Indian Oil Corporation Ltd, Sonneborn LLC, Koster Keunen, Kerax Limited, Asian Oil Company, and CEPSA, Nippon Seiro Co., Ltd. and Holly Frontier Refining & Marketing LLC, among others.

1. Microcrystalline Wax Market - Overview
        1.1 Definitions and Scope
2. Microcrystalline Wax Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Microcrystalline Wax Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Microcrystalline Wax Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Microcrystalline Wax Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Microcrystalline Wax Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Microcrystalline Wax Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Microcrystalline Wax Market - By Product Type(Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Microcrystalline Wax Market - By Type(Market Size -$Million / $Billion)
9.1 Flexible
9.2 Hard
10. Microcrystalline Wax - By Application Type(Market Size -$Million / $Billion)
10.1 Cosmetics and Personal Care
10.2 Candles
10.3 Adhesives
10.4 Packaging
10.5 Rubber
10.6 Other Applications
11. Microcrystalline Wax- By Geography (Market Size -$Million / $Billion)
        11.1 Microcrystalline Wax Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
         Rest of North America
        11.3 Microcrystalline Wax- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
         Costa Rica
         Rest of South America
        11.5 Microcrystalline Wax- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
         Rest of Europe
        11.7 Microcrystalline Wax - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
         South Korea
         Hong kong
         Rest of APAC
        11.9 Microcrystalline Wax - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
         Saudi Arabia
            11.10.6 Africa Segment Analysis
         South Africa
         Rest of Middle East & Africa
12. Microcrystalline Wax Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Microcrystalline Wax Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Microcrystalline Wax Market - Key Company List by Country Premium
15. Microcrystalline Wax Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Alfa Chemical Ltd
        15.3 Alpha Wax
        15.4 Blended Wax Inc
        15.5 British Wax Ltd
        15.6 Clarus Specialty Product
        15.7 Frank B Ross Co Inc
        15.8 Industrial Raw Material Llc
        15.9 Koster Keunen
        15.10 Nippon Seiro Co. Ltd
        15.11 Oil Corporation Ltd
        15.12 Paramelt
        15.13 Sasol
        15.14 Sonneborn Llc
        15.15 Strahl Pitsch Inc
        15.16 The International Group Inc
        15.17 Company 16
        15.18 Company 17 & More
*Financials would be provided on a best efforts basis for private companies
16. Microcrystalline Wax Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Microcrystalline Wax Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends