The increasing awareness among people about the clean and hygienic environment has led to the increase in the usage of wood wax for wood polishing and coatings. Wax is an integral part of wooden products even if there are many other alternatives both relatively higher and lower pricing. Paraffin wax is a synthetic product whereas, bees and carnauba wood waxes are animal and vegetable based products. Bees and carnauba wood waxes are eco-friendly, premium products and hence their usage is mostly limited to the developed countries.
Research Methodology
The wood wax market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology along with an irreplaceable blend of primary insights. The real-time assessment of the market is an integral part of our market sizing and forecasting methodology, wherein our industry experts and panel of primary participants helped in compiling the best quality with realistic parametric estimations. Further, the participation share of different categories of primary participants is given below
Key Market Insights
Currently, Asia Pacific is the global leader in the wood wax market due to high industrialization and high construction development in developing countries such as China and India. Medium density fiberboard application segment is expected to maintain global dominance in application segments because of increased usage of wood wax in the panelboards. In addition, increasing government regulations towards clean environment and restrictions on the use of low VOC content products contribute to the increase of wood wax market at global level.
The study of the global wood wax market provides the market size information and market trends along with the factors and parameters impacting it in both short and long term. The study ensures a 360° view, bringing out the complete key insights of the industry. These insights help the key decision makers to make better business plans and informed decisions for the future. In addition, the study helps the venture capitalist in understanding the companies better and take informed decisions.
According to Infoholic Research, the “Global Wood Wax” production is expected to grow at a CAGR of 5.0% during the forecast period to reach 1,187.7 kilotons by 2022. Paraffin wax is expected to maintain global dominance in types segment, and Asia Pacific is expected to increase its regional dominance in the global wood wax market. Multinational companies such as BASF SE, Akzo Nobel N.V., Berkshire Hathaway, Dow Chemical Company, and Baker Hughes are the prominent players in this market.
Report Scope:
- Types
- Paraffin wood wax
- Bees wood wax
- Carnauba wood wax
- Applications
- Medium Density Fiberboard
- Particleboard
- Wood Coating
- Others (Oriented Strand Board, Lubrication, etc.,)
- Regions
- Asia Pacific
- Europe
- North America
- Rest of the World
- Industry outlook: market trends and drivers, restraints, and opportunities
1 Report Outline
1.1 Introduction
1.2 Report Scope
1.3 Market Definition
1.4 Research Methodology
1.4.1 Data Collation & In-House Estimation
1.4.2 Market Triangulation
1.4.3 Forecasting
1.5 Study Declarations
1.6 Report Assumptions
1.7 Stakeholders
2 Executive Summary
2.1 Developed Countries Expected to See a Deduction in Wood Wax Market
2.2 Paraffin Wax in Panelboard Application Lead the Wood Wax Market
3 Market Positioning
3.1 Total Addressable Market (TAM): Wood Finishing
3.1.1 Market Overview
3.1.2 Major Trends
3.2 Segmented Addressable Market (SAM)
3.3 Related Markets
4 Market Outlook
4.1 Overview
4.2 Value Chain Analysis
4.3 PESTLE Analysis
4.4 Porter 5 (Five) Forces
4.5 Patent Analysis
5 Market Characteristics
5.1 Market Segmentation
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing construction and manufacturing industries
5.2.1.2 Growing purchasing power and greater economic growth in Asia Pacific
5.2.2 Restraints
5.2.2.1 Low penetration in underdeveloped countries
5.2.2.2 Shrinking paraffin wax supply
5.2.3 Opportunities
5.2.3.1 Large untapped market in developing and underdeveloped countries
5.2.3.2 Development of eco-friendly products
5.2.4 DRO – Impact Analysis
6 Materials: Market Size and Analysis
6.1 Overview
6.2 Paraffin Wood Wax
6.3 Carnauba Wood Wax
6.4 Bees Wood Wax
6.5 Vendor Profiles
6.5.1 Akzo Nobel N.V.
6.5.2 BASF SE
6.5.3 Berkshire Hathaway Inc.
6.5.4 Baker Hughes Incorporated
6.5.5 Dow Chemical Company
(Overview, Business Units, Geographic Revenues, Product Profile, Recent Developments, Business Focus, SWOT Analysis and Business Strategies have been covered for all vendors)
7 Application Areas: Market Size and Analysis
7.1 Overview
7.2 Medium Density Fiberboard
7.3 Particleboard
7.4 Wood Coating
7.5 Customer Profile
7.5.1 Armstrong World Industries, Inc.
7.5.2 Celulosa Arauco y Constitución S.A.
7.5.3 Fritz EGGER GmbH & Co. OG
7.5.4 Furen Group Corporation Ltd.
7.5.5 Norbord Inc.
(Overview, Business Units, Geographic Revenues, Product Profile, Recent Developments, Business Focus, SWOT Analysis and Business Strategies have been covered for all customers)
8 Regions: Market Size and Analysis
8.1 Overview
8.2 Asia Pacific
8.2.1 Asia Pacific Market, By Countries
8.2.2 Asia Pacific Market, By Application
8.2.3 Asia Pacific Market, By Type
8.3 Europe
8.3.1 Europe Market, By Country
8.3.2 Europe Market, By Application
8.3.3 Europe Market, By Type
8.4 North America
8.4.1 North America Market, By Countries
8.4.2 North America Market, By Application
8.4.3 North America Market, By Type
8.5 Rest of the World
8.5.1 Rest of the World Market, By Country
8.5.2 Rest of the World Market, By Application
8.5.3 Rest of the World Market, By Type
9 Companies to Watch for
9.1 DuluxGroup Limited
9.1.1 Overview
9.1.2 Product Portfolio
9.1.3 Backward Integration Helping the Company to Mould the Market
9.2 Armstrong World Industries, Inc.
10 Competitive Landscape
10.1 Competitor Comparison Analysis
10.2 Market Landscape
10.2.1 Mergers, Acquisitions & Joint Ventures
10.2.2 Expansion
10.2.3 Divestment & Divestiture
11 Expert’s Views
Annexure
Abbreviations
