Artificial and prepared waxes market

Artificial and prepared waxes market: get access to new data provided by an Ai-driven market research platform. Information include exports, imports, production, market prices, market size, consumption, trade, and companies. There is a split by region, including the Middle East, EU, Russia, China, Africa, the U.S., the U.K., and Latin America. Market dynamics and outlook to 2030 are also provided in the reports.

Artificial and Prepared Waxes - World's Largest Markets

In value terms, China, India and the United States appeared to be the countries with the highest levels of market value in 2020, together comprising 45% of the global market. Japan, Ethiopia, Brazil, Germany, Indonesia, South Korea, Malaysia, Italy, Spain and Iran lagged somewhat behind, together accounting for a further 32%.

Among the main consuming countries, Malaysia saw the highest growth rate of market size, over the period under review, while market of artificial and prepared waxes (including sealing waxes) (excluding of polyethylene glycol) for the other global leaders experienced more modest paces of growth.

Artificial And Prepared Waxes (Including Sealing Waxes) Prices

Artificial and Prepared Waxes (Including Sealing Waxes) - Top Importers

In value terms, China ($380M) constitutes the largest market for imported artificial and prepared waxes (including sealing waxes) (excluding of polyethylene glycol) worldwide, comprising 16% of global imports. The second position in the ranking was occupied by the United States ($179M), with a 7.4% share of global imports. It was followed by Germany, with a 6.7% share.

From 2018 to 2020, the average annual growth rate of value in China totaled -2.1%. In the other countries, the average annual rates were as follows: the United States (-10.1% per year) and Germany (-5.0% per year).

Artificial and Prepared Waxes (Including Sealing Waxes) - Top Exporters

In value terms, Germany ($447M), the United States ($401M) and the Netherlands ($124M) constituted the countries with the highest levels of exports in 2020, together accounting for 44% of global exports. These countries were followed by Denmark, South Korea, Belgium, China, Italy, Indonesia, Malaysia, Thailand, Spain and Belarus, which together accounted for a further 33%.

Belarus recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Artificial and Prepared Waxes (Including Sealing Waxes) - Market Forecast

Driven by rising demand for artificial and prepared waxes (including sealing waxes) worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Artificial and Prepared Waxes - Product Coverage

• HS 340490 - Waxes; artificial and prepared, other than of polyethylene glycol