Global Wax Market worth US$ 12.5 Billion 2029 with a CAGR of 2.4 %

Abhi795420 May, 2022Business

The report "Global Wax Market, by Type (Paraffin/Mineral Wax, Synthetic Wax, and Natural Wax), by Application (Candles, Packaging, Floor Polishes, Adhesives, Cosmetics and Toiletries, Plastic and Rubber, and Others (Paints, Ink, Pharmaceuticals, and Food)), and Region - Global Forecast to 2029" Global wax market is projected to grow from US$ 10.1 billion in 2020 to US$ 12.5 billion by 2029. The global wax market is expected to register slow growth over the forecast period. This is attributed to increasing adoption of wax in packaging and package coating application, owing to excellent properties such as heat and water resistance. Furthermore, rising use of wax in cosmetics, anaplastology and dentistry, and candles is another factor driving growth of the global wax market.