A Huge Global Market Opportunity
The industrial wax market was worth USD 7.3 billion in 2020 and is expected to grow at a CAGR of 4.0 percent to USD 8.9 billion by 2025. From Cosmetics to Pharma Industry, Grafting in Agriculture to Food Packing Industry, Candles to PVC Polymers, Textiles to Food Preservatives, Wood to Tyre and Rubber Industry, Wax is used in many ways.
Used as an Ingredient to process or manufacture in several industries
Waxes for Coating
Wax for Preservation
Health Care Industry