Market Research > Energy >Global Wax Industry: Market Analysis and Opportunities

Market Research Reports: Global Wax Industry

Global Wax Industry: Market Analysis and Opportunities
Published: June 2013
Base Year: 2012

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  • Description
  • Regional Coverage: Asia-Pacific, North America, Latin America, Eastern Europe, Western Europe, Africa and the Middle East
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    DESCRIPTION

    A comprehensive analysis that highlights global supply and demand of waxes including animal-based, vegetable-based, mineral, and such synthetic waxes as Fischer-Tropsch (F-T), alpha-olefin (A-O), and polyethylene (PE) waxes. This study will address "neat" GTL waxes, blended with petroleum waxes to increase global wax volumes.

    The study will be truly global in scope since the wax industry is a global one defined by worldwide end-use markets and supply options.

    • The study will assess global wax supply, demand, market space, pricing developments, inter-material competition, manufacturing economics, trends, and market developments
    • – The study will also focus on the impact of the global recession and what it will mean to the demand for waxes

    • The study will focus on conventional and synthetic wax providers
    • Provide wax manufacturing cost models and comparisons based on type of wax
    • Analyze barriers to entry for neat and co-processed GTL waxes and other synthetic, animal-based, and vegetable-based waxes
    • Analyze alternate business models which would allow current Group I plants, which are the source of most of wax consumed, to continue operating.
  • Contents
  • Introduction

    Overall Market
      Analysis of global wax supply by product and region

      Analysis of global wax demand by product and region

      Wax trade patterns

      Wax pricing and inter-material competition

      Supply and demand outlook

      Business dynamics and strategies

      Market opportunities and threats

    Wax Industry Overview
      Wax types, properties, grades

      Applications and market segmentation

    Global Wax Trade

    Wax Pricing Analysis

    North America Wax Market (US, Canada, Mexico Focus)
      Analysis of wax supply in North America by type and country

      Analysis of wax demand in North America by application and country

      Wax supply-demand balance

      Wax trade

      Wax pricing and inter material competition

      Supply-demand outlook

      Market opportunities and threats

    South America Wax Market (Brazil, Chile, Argentina Focus)
      Analysis of wax supply in South America by application and country

      Analysis of wax demand in South America by application and country

      Wax supply-demand balance

      Wax trade

      Wax pricing and inter material competition

      Supply-demand outlook

      Market opportunities and threats

    Europe Wax Market (Germany, Russia, UK, France, Italy, Iberia, Poland Focus
      Analysis of wax supply in Europe by application and country

      Analysis of wax demand in Europe by application and country

      Wax supply-demand balance

      Wax trade

      Wax pricing and inter material competition

      Supply-demand outlook

      Market opportunities and threats

    Asia Wax Market (China, India, Japan, Indonesia, Malaysia, S. Korea, Australia Focus)
      Analysis of wax supply in Asia by application and country

      Analysis of wax demand in Asia by application and country

      Wax supply-demand balance

      Wax trade

      Wax pricing and inter material competition

      Supply-demand outlook

      Market opportunities and threats

    Africa Middle East Market (South Africa, Egypt, Iran Focus
    Will be undertaken only if subscribers demand it.
      Analysis of wax supply in Africa Middle East by application and country

      Analysis of wax demand in Africa Middle East by application and country

      Wax supply-demand balance

      Wax trade

      Wax pricing and inter material competition

      Supply-demand outlook

      Market opportunities and threats

    Vegetable Waxes
      Vegetable wax sources and supply

      Target applications – barriers to entry, competing products, potential demand

      Wax pricing

      Supply demand outlook

      Market opportunities and threats

    Synthetic Waxes (focus on FT AND PE waxes)
      Supply reliability

      Quality assurance

      Long term commitment

      Price

      Logistics

      Environmental and regulatory issues

      Capital intensity

      Product development support
    Other Waxes (Mineral/Montan, Animal)
    Will be undertaken only if subscribers demand it

  • Scope
  • Global supply for waxes reached an estimated 9,600 million lbs in 2010. Mineral waxes (including petroleum) account for an estimated 85% of this global supply, with synthetic waxes accounting for 11%, and animal and vegetable waxes, accounting for 4%, as shown in Figure 1 below.

    Although, for many years, petroleum wax was considered a byproduct of lubricant basestock production, it has come onto its own over the last decade and is considered by most refiners to be a relatively high-margin product and is often an important contributor to the overall profitability of the refinery.

    However, the fate of petroleum wax supplies is largely outside the control of the wax industry. Wax supplies are tied to regional basestock quality requirements and this is independent of wax supply and demand.

    The two major variables for the future petroleum-derived wax supplies are:

    • The rate of global basestock quality increases and the resultant shutdown of wax-producing Group I lubricant basestock plants. This is the rate setting decline mechanism for petroleum wax supplies.
    • Economic expansion in China, which in turn sets the rate of lubricant basestock and wax plant expansions. With all of the new announced Group II capacity in China, the question is by how much will Group I capacity decrease in the resultant impact on supply of waxes.

    Until now, decline in supplies from North America and Western Europe have been compensated by growth in supplies from China. However, this is no longer the case as Chinese lubricant industry starts demanding Group II and III basestocks leading to a flat or declining Group I supply with similar effects on wax supplies. On the demand side of the equation, waxes are used in thousands of applications around the world, with candles being the predominant application on a global basis. As shown in Figure 2 below, candles are estimated to account for 43% of the waxes consumed.

    Wax consumption is expected to grow at an average annual growth rate of more than 2% from 2010 to 2020. Clearly, different regions and different product applications will enjoy different growth rates. Ultimately, insufficient supply growth or even a supply decline will constrain demand growth.

    Hence, several wax alternatives are studied in the report besides petroleum waxes including GTL waxes, animal waxes, mineral (montan) waxes, and vegetable waxes to see if a combination of these could sort the impending under supply problem.



  • Key Benefits
  • Subscription to this report helps you grow your business, improve your market share, and make you more competitive in the market place. Subscription to this report helps understand drivers behind petroleum wax supplies and the opportunities and threats represented by this industry aspect to your business.

    The big questions tackled in great detail in this study include:

    • What is the supply of and demand for different types of waxes?
    • What is the impact of the global recession on the demand for waxes?
    • Could GTL waxes, among others compete in such high-volume wax markets as candles, packaging, board sizing, and others?
    • What will be the global market impact and business dynamics of flat or declining supplies of petroleum wax?
    • What are the business options available to de-oilers, petrolatum upgraders, and specialty wax formulators/blenders who will be affected by the decline in petroleum wax supplies?
    • What kind of market space and pricing structures will be prevalent?
    • What might be some of the key barriers to entry?
    • What might some of the key business opportunities and threats be for industry participants?

    Global Wax Industry: Market Analysis and Opportunities presents subscribers with Kline's objective 20/20 vision and solidly backed answers to these questions about GTL, vegetable and animal waxes, other synthetic waxes, and their impact on the global wax market.

  • Methodology
  • Kline is unmatched in our ability to gather hard-to-get market and competitive intelligence with a high degree of confidence. Kline's market analysis approach places the principal emphasis on primary research techniques to ensure that the foundation of business intelligence and insight is accurate, current, and reliable.

    During the course of field research, Kline's professional staff of industry experts will conduct in-depth discussions and personal interviews with a wide range of knowledgeable industry participants and opinion leaders, including telephone interviews and personal visits with wax producers, end users, technology and catalyst companies, natural gas producers, government agencies, trade associations, and other industry experts.

    This approach has proven to be the most effective and reliable approach to obtaining accurate market data, capturing expert insights, and identifying business opportunities. Primary research comprises 85% of the overall research methodology for this report.

    In addition, this analysis is supplemented by secondary research drawn from the review of suppliers' product literature and price lists; a search of recent trade and technical literature; Internet sources; and analysis of statistical data from government, industry, and trade associations and agencies.

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