The global Slack Wax market was valued at 63.36 Million USD in 2021 and will grow with a CAGR of 4.95% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Slack wax is a mixture of oil and wax, obtained from lubricating oil. Slack wax is the crude wax produced by chilling and solvent filter-pressing wax distillate. It serves as feedstock and that is further refined and blended to create value-added petroleum wax products. Slack wax is used in emulsions, construction board, matches, candles, rust protective products and moisture vapor barriers, polishes, inks, carbon paper and externally can be applied as good dust suppressants or controlled-release agents for various chemical and fertilizers. Slack wax is a concentrated industry with leading petrochemical companies take the major share. In global market, Exxon Mobil, Shell, CNPC, Iranol Oil, Pertamina and the global leading players. Europe, Southeast Asia, Iran and China are the major production bases of slack wax. The slack wax produced in Russia is also considerable, while most of its products are exported to Eastern European countries for paraffin refining. In addition, Indonesia and Middle East are expanding their business to supply slack wax for global market.

By Market Verdors:

Shell

Exxon Mobil

BP

IRPC

Pertamina

H&R Gruppe

American Refining Group

Iranol Oil

Thai Oil

CNPC

Sinopec

By Types:

Slack Wax LMO

Slack Wax MMO

Slack Wax SPO

By Applications:

Candle

Particle Board & MDF

Polishing

Sealing

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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