Wax Melts Industry Applications Technology and Dynamics Forecast To 2025
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<strong>Wax</strong> <strong>Melts</strong> <strong>Industry</strong> <strong>Applications</strong> | <strong>Technology</strong> <strong>and</strong> <strong>Dynamics</strong> |<br />
<strong>Forecast</strong> <strong>To</strong> <strong>2025</strong><br />
“Global <strong>Wax</strong> <strong>Melts</strong> Market report includes in-depth analysis of industry by<br />
recent technologies, trends, opportunities, challenges, key players <strong>and</strong><br />
business strategies considering types, segment <strong>and</strong> future outlook.”<br />
26 Oct 2018 - The Global <strong>Wax</strong> <strong>Melts</strong> Market size is expected to value at USD 6.13 billion by <strong>2025</strong>.<br />
The wax melts industry is subject to witness a substantial growth due to the growing dem<strong>and</strong><br />
for the product from numerous end-user segments coupled with their superior properties such<br />
as high gloss, non-toxicity, good water repellency <strong>and</strong> outst<strong>and</strong>ing chemical resistance.<br />
Increasing dem<strong>and</strong> for synthetic wax is attributed to its unique properties such as thermal<br />
degradation resistance; high temperature stability <strong>and</strong> good heat resistance are expected to<br />
fuel market growth over the next seven years.<br />
Numerous application of wax melts in cosmetic application such as creams, eye make-ups <strong>and</strong><br />
lipsticks are expected to boost market sale of wax melts, in the near future. Globally, the wax<br />
melts market is predicted to grow at higher CAGR in the forecast period, providing numerous<br />
opportunities for market players to invest for research <strong>and</strong> development in the wax melts<br />
industry. Increasing competition in the market has led to development of innovative products,<br />
thereby positively affecting market growth.<br />
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Growing supply <strong>and</strong> dem<strong>and</strong> gap is expected to offer lucrative growth opportunities for industry<br />
participants. Aggressive marketing strategies adopted by market players to gain competitive<br />
advantages over their counterparts are predicted to stimulate market growth further.<br />
Shifting trend towards synthetic wax is key growth factor for hot melt adhesives market, in the<br />
recent years. Additionally, increasing consummation of natural waxes <strong>and</strong> declining use of<br />
microcrystalline <strong>and</strong> polyethylene waxes owing to their hazardous effects is leading to the<br />
increasing dem<strong>and</strong> for natural waxes over the forecast period.<br />
<strong>Wax</strong> melts are increasingly used in various residential application such as home fragrance<br />
product. <strong>Wax</strong> melts are easily available in varied shapes, sizes, <strong>and</strong> colors. Increasing adoption<br />
of wax melts in commercial buildings, such as shopping malls, offices <strong>and</strong> market complexes are<br />
expected to promote market development over the next seven years.<br />
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The wax melts market is broadly categorized into two major segments based on the application<br />
type such as domestic products <strong>and</strong> cosmetic application. The cosmetics sector is considered as<br />
one of the faster growing segment in the wax melts industry with substantial revenue<br />
generation in the last few years. Growing popularity of the cosmetic segment is attributed to<br />
the increasing adoption in various skin-care products such as facemasks, creams <strong>and</strong> peels.<br />
The is divided by region as North America, Europe, Asia-Pacific, Latin America <strong>and</strong> Africa. North<br />
America has shown major growth in recent years owing to the changing lifestyle, <strong>and</strong> existence<br />
of well-established manufacturing infrastructure. Asia-Pacific region is predicted to hold major<br />
market share in the wax melts market with massive growth in forecast period.<br />
Countries such as India, China <strong>and</strong> Singapore are leading the Asia-Pacific market with growing<br />
consumer awareness, improved living st<strong>and</strong>ards, <strong>and</strong> significant investment by leading industry<br />
players considering potential growth opportunities in the region. The key players in the wax
melts industry are Yankee C<strong>and</strong>le, Inc., SC Johnson Co., Scentsy, Reckitt Benckiser Ltd., <strong>and</strong><br />
Rimports Ltd.<br />
Market Segment:<br />
Regional Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• North America<br />
• U.S.<br />
• Canada<br />
• Mexico<br />
• Europe<br />
• Germany<br />
• UK<br />
• Italy<br />
• France<br />
• Asia Pacific<br />
• China<br />
• Central & South America<br />
• Brazil<br />
• MEA<br />
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