The Worldwide Wax Industry is Projected to Reach $16.7 Billion by 2030 - ResearchAndMarkets.com
The global wax market was valued at $11.6 billion in 2020, and is projected to reach $16.7 billion by 2030, growing at a CAGR of 3.7% from 2021 to 2030.
- The global wax market was valued at $11.6 billion in 2020, and is projected to reach $16.7 billion by 2030, growing at a CAGR of 3.7% from 2021 to 2030.
- Paraffin/Mineral wax, synthetic wax, and natural wax are the three types of waxes available in the market.
- High requirement of waxes in the packaging industry drives the growth of global wax market.
- Increase in demand for wax from the personal care industry is another driver for the growth of wax industry.