Demand for waxes in the US is forecast to reach $2.5 billion in 2013. Value gains will be based on a shift to more expensive types. Volume growth will be driven by more use of waxes in building boards, coatings, adhesives, plastics and rubber. Petroleum waxes will stay the largest market but will lose share to faster growing synthetic and natural types.
This study analyzes the 2.3 billion pound US waxes industry. It presents historical demand data for the years 1998, 2003 and 2008, and forecasts for 2013 and 2018 by wax type (e.g., paraffin, microcrystalline, polymer, Fischer-Tropsch, vegetable, animal and insect) and market (e.g., industrial, consumer and commercial).
The study also considers market environment factors, details industry structure, evaluates company market share and profiles 41 industry players, including Exxon Mobil, Honeywell and The International Group.