The global wax industry saw a strong recovery from the COVID-19 crisis; however, it was accompanied with high volatility, both on the supply side and in key wax applications. The supply of waxes experienced changes as several wax-producing Group I base stock refineries closed down during the period from 2020 to mid-2023, while synthetic wax suppliers expanded their capacities. Additionally, this period also saw many wax market participants evaluating technologies and market potential for sustainable waxes driven by the announced net-zero carbon targets for their end users.
Watch the webinar to acquire valuable insights from our Global Wax Industry: Market Analysis and Opportunities report, helping you comprehend:
- How wax supply has changed over the last 2-3 years, as well as the mid- to long-term view of wax supply and demand
- Transition taking place in wax supply composition; which wax type is growing, and which is declining
- Special focus on FT waxes, as well as vegetable oil-derived waxes
