The global microcrystalline wax market is estimated at around US$ 1.3 Billion in 2022. With a projected CAGR of 4% for the next ten years, the market is likely to reach a valuation of approximately US$ 1.9 Billion by the end of 2032.Microcrystalline wax is wax created in the crude oil refining process by de-oiling petrolatum. Microcrystalline waxes generally have to meet ASTM specifications and have widespread applications across a huge variety of industries and applications.

Fact.MR analysis reveals that most of the market revenue is grossed from Hard Microcrystalline Wax types, which have a predicted CAGR of 3.8% during 2022–2032. Their use in candles is the top application of microcrystalline wax, the revenue through which is expected to grow at a CAGR of 3.6% during the forecast period.

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Market Players: -

  • Alfa Chemical Ltd

What Do You Get in a Fact.MR Study?

  • Factors affecting the overall development of the global Microcrystalline Wax Market

Competitive Landscape

The key companies operating in the microcrystalline wax market include Alfa Chemical Ltd, Asian Oil Company, Blended Waxes Inc., British Wax, Calumet Specialty Products Partners, L.P., CEPSA, DONGNAM PETROCHEMICALS HollyFrontier Refining & Marketing LLC, Indian Oil Corporation Limited, Kahl Wax, Keunen, Inc., Kerax Limited, MOL Group, Nippon Seiro Co. Ltd, Para melt BV, Sonneborn LLC, Shell Group, Strahl & Pitsch Inc, TER HELL & Co. Ltd, The International Group, Inc., and The Frank B. Ross Co.

Some of the recent development in Microcrystalline Wax are as follows:

  • In May 2021, Calumet Specialty Products Partners, L.P., and Aevitas Inc. announced that they had entered into a partnership. Through this partnership, they will aim to bring their oil and wax products to the Canadian market, with Aevitas being the choice partner thanks to their wide network of infrastructure and fleet capabilities.

Similarly, recent developments related to companies manufacturing Microcrystalline Wax have been tracked by the team at Fact.MR, which is available in the full report.

Key Segments Covered in Microcrystalline Wax Survey

  • By Type:

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The data provided in the Microcrystalline Wax Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.

The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

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