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.
Exxon Mobil, CNPC, Shell, Imanol Oil, Pertamina and Thai Oil are the leading producers of Slack Wax, the top 5 accounting for approximately 40% of the total market.
APAC is the largest market for Slack Wax, accounting for about half of the total market, followed by Europe with 25%.

Market Analysis and Insights: Global Slack Wax Market
In 2020, the global Slack Wax market size was US$ 743.6 million and it is expected to reach US$ 1032.5 million by the end of 2027, with a CAGR of 4.8% during 2021-2027.
Global Slack Wax Scope and Market Size
Slack Wax market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Slack Wax market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.

Segment by Type, the Slack Wax market is segmented into
Slack Wax LMO
Slack Wax MMO
Slack Wax SPO

Segment by Application, the Slack Wax market is segmented into
Candle
Particle Board & MDF
Polishing
Sealing

Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Competitive Landscape and Slack Wax Market Share Analysis
Slack Wax market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2016-2021. Details included are company description, major business, Slack Wax product introduction, recent developments, Slack Wax sales by region, type, application and by sales channel.

The major companies include:
Shell
Exxon Mobil
BP
IRPC
Pertamina
H&R Gruppe
American Refining Group
Iranol Oil
Thai Oil
CNPC
Sinopec