Wax Melts Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021- 2026

Report Code: CMR 13162 Report Format: PDF + Excel (Delivery in 48 Hrs)

Overview

Wax Melts Market is forecast to reach $5.2 billion by 2025, after growing at a CAGR of 12.5% during 2020-2025. Growing wax is expected to flourish in residential and commercial buildings, including offices, shopping malls, residential houses and market complexes. An additional growth factor for wax melts industry is also the availability of multiple types of fragrances coupled with attractive packaging.

Report Coverage

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


Key Takeaways

  • Market growth of wax melts is typically driven by rising emulsion demand as a major manufacturing product in the form of a liquid emulsion material. This development has an exceptional impact on several product processing and formulations as well as numerous technical applications in the textile, paper and glass manufacturing industries.
  • Home fragrance includes the major demand share in the industry. The increasing urbanization coupled with workloads have led the rise of product output and positively stimulating the wax melts market demand in upcoming years.

By Material - Segment Analysis

The main ingredients which is used to manufacture wax melts is paraffin mixtures. Due to swings in petrol prices, especially crude oil, is projected to impact the price of paraffin. Difficulties in sourcing of raw materials along with its volatile price fluctuation is somehow constraining the growth the market growth in forecast period.

Geography - Segment Analysis

In the forecast period, North America dominates the market for wax melts. It is predicted that the positive outlook for air care and aromatherapy, along with increasing consumer awareness of environmental and health threats attributable to the use of aerosol sprays, would encourage brand demand. In addition, changing lifestyles, hygiene concerns, and hectic work schedules have led consumers to use more fragrance products that are expected to increase the size of the market in the coming years. On the other hand, due to increased consumer awareness of synthetic ingredients in fragrance products, Europe is expected to forecast steady growth. In addition, harmful aerosol emissions coupled with strict regulations on the use of aerosol fresheners are anticipated over the forecast period to shift consumer preference to wax melts.

Drivers – Wax Melts Market

  • Rising concern towards air care and hygiene in commercial and residential.

The growing concern for air care and hygiene in commercial and residential buildings is at the forefront of driving growth on the global wax melts market. In addition, wax melts do not emit harmful flames and are safe and environmentally friendly. This is another factor in the market that fuels an upward trend. Moving ahead, wax melts on the basis of strong demand for air fresheners and aromatherapy is expected to see massive revenues. Increasing awareness among rising ranks of discerning consumers about environmental and health hazards, posed primarily by aerosol sprays, will further boost wax melts demand.

Challenges – Wax Melts Market

  • Rising cost of raw materials is constraining the market growth.

The main ingredient i.e. paraffin which is high getting consumed in manufacturing of wax melts is now affecting the market caused by the price of paraffin which is fluctuating due to the price of petrol, especially crude oils. On the other side, the growth in demand of alternatives including reed diffusers and scented candles is also becoming the major factor in reduction of wax melts market in forecast period.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Wax Melts market. In 2019, the market of Wax Melts has been consolidated by the top five players accounting for xx% of the share. Wax Melts Market top 10 companies are Yankee Candle, Scensei, S.C. Johnson, Reckitt Benckiser, Walmart, Rimports Limited, Scentsy, Michaels, Candles by Victoria, AFFCO and East Coast Candles, among others.

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1. Wax Melts Market - Overview
        1.1 Definitions and Scope
2. Wax Melts 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. Wax Melts 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. Wax Melts 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. Wax Melts 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. Wax Melts 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. Wax Melts 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. Wax Melts Market - By Product (Market Size -$Million / $Billion)
9. Wax Melts Market - By Type (Market Size -$Million / $Billion)
10. Wax Melts - By Application Type(Market Size -$Million / $Billion)
11. Wax Melts- By Geography (Market Size -$Million / $Billion)
        11.1 Wax Melts Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Wax Melts- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Wax Melts- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Wax Melts - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Wax Melts - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$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
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Wax Melts Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Wax Melts 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. Wax Melts Market - Key Company List by Country Premium
15. Wax Melts Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Affco
        15.3 Candle By Victoria
        15.4 Michael Stores, Inc
        15.5 Reckitt Benckiser
        15.6 Rimports Limited
        15.7 Sc Johnson
        15.8 Scensei
        15.9 Scentchips, Inc
        15.10 Scentsy, Inc
        15.11 The Yankee Candle Company
        15.12 Walmart Stores, Inc
        15.13 Company 12
        15.14 Company 13 & More
*Financials would be provided on a best efforts basis for private companies
16. Wax Melts Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Wax Melts 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

List of Tables

1 US Wax Melts Market Size 2018
2 Canada Wax Melts Market Share 2018
3 Brazil Wax Melts Market Outlook 2019 - 2023
4 Mexico Wax Melts Market Research 2018
5 Germany Wax Melts Market Trends 2019 - 2023 
6 France Wax Melts Market Growth 2019 - 2023 
7 UK Wax Melts Market Demand 2019 - 2023 
8 Italy Wax Melts Market Segmentation 2018
9 Russia Wax Melts Market Analysis 2019 - 2023
10 China Wax Melts Market Revenue 2019 - 2023
11 Japan Wax Melts Market Volume 2019 - 2023
12 South Korea Wax Melts Market Potential 2019 - 2023
13 India Wax Melts Market Leaders 2018
14 Saudi Arabia Wax Melts Market Forecast 2019 - 2023 
15 Kuwait Wax Melts Market Value 2018

List of Figures

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