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Tag: synthetic wax

Wax Market Trends Shifting Supply and Demand Dynamics

Wax Market Trends: Shifting Supply and Demand Dynamics

The global wax industry has experienced significant volatility recently, marked by abrupt shifts in supply and demand. The years 2020 to 2022 witnessed dramatic changes in wax supply, with petroleum wax suppliers exiting the market and synthetic wax suppliers expanding. This volatility has been further compounded by uneven demand in various applications due to uncertain

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Wax Industry

The Foreseeable Challenges of the Global Wax Industry

Written by: Eric Pimenta and Pooja Sharma The wax industry faces a future of changing wax supplies. While global wax demand is projected to grow at a compound annual growth rate (CAGR) of 1.3% until 2022, wax supply growth will be relatively slower at a CAGR of 0.8% during the forecast period. Despite a strong

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