Mar 23, 2020   SOURCE: PR NewsWire

Worldwide Petroleum, Natural and Synthetic Waxes Market Analysis with Forecasts to 2025

DUBLIN, March 23, 2020 /PRNewswire/ -- The "Petroleum, Natural and Synthetic Waxes - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

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The Petroleum, Natural and Synthetic Waxes market worldwide is projected to grow by US$3.8 Billion, driven by a compounded growth of 4.4%. Petroleum & Mineral Waxes, one of the segments analyzed and sized in this study, displays the potential to grow at over 3.7%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$8.7 Billion by the year 2025, Petroleum & Mineral Waxes will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 3.5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$133.5 Million to the region's size and clout in the next 5 to 6 years. Over US$111.9 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Petroleum & Mineral Waxes will reach a market size of US$500.3 Million by the close of the analysis period.

As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 6.8% over the next couple of years and add approximately US$1.1 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East.

Competitors identified in this market include, among others, 

    --  BASF SE
    --  Blended Waxes Inc.
    --  Clariant International Ltd.
    --  Dow Corning
    --  Evonik Industries AG
    --  ExxonMobil Fuels & Lubricants
    --  Honeywell International
    --  Koster Keunen (Holland) B.V
    --  Lubrizol Corp.
    --  Micro Powders Inc.
    --  Paramelt BV
    --  Romonta GmbH
    --  Sasol Limited
    --  Strahl & Pitsch Inc.
    --  The International Group Inc.
    --  Vantage Performance Materials
    --  Wachs-u. Ceresin-Fabriken TH. C. TROMM GmbH

Key Topics Covered:

I. Introduction, Methodology & Report Scope

II. Executive Summary

III. Market Analysis

IV. Competition

For more information about this report visit https://www.researchandmarkets.com/r/imgu5u

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