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The global wax market size is set to gain impetus from their increasing usage in a wide range of applications, such as plastic & rubber additives, candle manufacturing, cosmetics, adhesives, polishes, and coatings. Wax also provides protection to packaged goods from moisture. This information is given by Fortune Business Insightsâ„¢ in a recent report, The report further mentions that the wax market was valued at USD 7,288.9 million in 2019 and is expected to reach USD 9,249.2 million by 2027, thereby exhibiting a CAGR of 3.1% during the forecast period.
Information source:
https://www.fortunebusinessins....ights.com/wax-market
This Report Addresses the Following Factors:
• Regions and segments that are expected to dominate or drive market growth.
• Elaborate information about the major sustainability strategies followed by key companies.
• Market drivers, barriers, and upcoming opportunities that will affect growth.
• In-depth analysis of the competitive landscape.
Drivers & Restraints-
Increasing Demand from Packaging Industry to Propel Growth
The emergence of end use industries, such as rubber, plastic, cosmetics, packaging, and candles is surging in the developing regions, namely, Latin America, Africa, and Asia Pacific. But the growth is low in the developed regions, such as Europe and North America.

Wax Market Size, Share, Growth | Global Industry Report, 2027
www.fortunebusinessinsights.com

Wax Market Size, Share, Growth | Global Industry Report, 2027

The global wax market Size was valued at USD 7.28 billion in 2019 and is expected to reach USD 9.24 billion by 2027, exhibiting a CAGR of 3.1% during the forecast period.