Wax Market Global Report 2022-2027, Growth, Trends, Size, Opportunities and Forecast Analysis
IMARC Group’s latest research report, titled “ Wax Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027 ,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios. The global wax market size reached US$ 9.72 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 12.03 Billion by 2027, exhibiting a CAGR of 3.40% during 2022-2027. Wax is a diverse class of organic compounds that exist as malleable and lipophilic solids at room temperature. It can be of various types, including mineral, synthetic, natural, microcrystalline, etc. These wax variants are insoluble in water but soluble in organic and non-polar solvents and are utilized as a base material and additive to aid processing applications. They have excellent anti-caking and insulation properties and are resistant to ultraviolet ...