Wood Wax Market – Drivers, Opportunities, Trends & Forecasts up to 2022

Wood Wax Market Drivers, Opportunities, Trends & Forecasts up to 2022
The increasing awareness among people about the clean and hygienic environment has led to the increase in the usage of wood wax for wood polishing and coatings. Wax is an integral part of wooden products even if there are many other alternatives both relatively higher and lower pricing. Paraffin wax is a synthetic product whereas, bees and carnauba wood waxes are animal and vegetable based products. Bees and carnauba wood waxes are eco-friendly, premium products and hence their usage is mostly limited to the developed countries.
Currently, Asia Pacific is the global leader in the wood wax market due to high industrialization and high construction development in developing countries such as China and India. Medium density fiberboard application segment is expected to maintain global dominance in application segments because of increased usage of wood wax in the panelboards. In addition, increasing government regulations towards clean environment and restrictions on the use of low VOC content products contribute to the increase of wood wax market at global level.
The study of the global wood wax market provides the market size information and market trends along with the factors and parameters impacting it in both short and long term. The study ensures a 360 view, bringing out the complete key insights of the industry. These insights help the key decision makers to make better business plans and informed decisions for the future. In addition, the study helps the venture capitalist in understanding the companies better and take informed decisions.
According to Infoholic Research, the Global Wood Wax production is expected to grow at a CAGR of 5.0% during the forecast period to reach 1,187.7 kilotons by 2022. Paraffin wax is expected to maintain global dominance in types segment, and Asia Pacific is expected to increase its regional dominance in the global wood wax market. Multinational companies such as BASF SE, Akzo Nobel N.V., Berkshire Hathaway, Dow Chemical Company, and Baker Hughes are the prominent players in this market.
1 Report Outline 12
1.1 Introduction 12
1.2 Report Scope 12
1.3 Market Definition 12
1.4 Research Methodology 12
1.4.1 Data Collation & In-House Estimation 13
1.4.2 Market Triangulation 13
1.4.3 Forecasting 14
1.5 Study Declarations 15
1.6 Report Assumptions 15
1.7 Stakeholders 15
2 Executive Summary 16
2.1 Developed Countries Expected to See a Deduction in Wood Wax Market 16
2.2 Paraffin Wax in Panelboard Application Lead the Wood Wax Market 16
3 Market Positioning 18
3.1 Total Addressable Market (TAM): Wood Finishing 18
3.1.1 Market Overview 18
3.1.2 Major Trends 18
3.2 Segmented Addressable Market (SAM) 18
3.3 Related Markets 19
4 Market Outlook 20
4.1 Overview 20
4.2 Value Chain Analysis 20
4.3 PESTLE Analysis 21
4.4 Porter 5 (Five) Forces 21
4.5 Patent Analysis 22
5 Market Characteristics 24
5.1 Market Segmentation 24
5.2 Market Dynamics 24
5.2.1 Drivers 25 Increasing construction and manufacturing industries 25 Growing purchasing power and greater economic growth in Asia Pacific 25
5.2.2 Restraints 25 Low penetration in underdeveloped countries 25 Shrinking paraffin wax supply 25
5.2.3 Opportunities 26 Large untapped market in developing and underdeveloped countries 26 Development of eco-friendly products 26
5.2.4 DRO Impact Analysis 26
6 Materials: Market Size and Analysis 27
6.1 Overview 28
6.2 Paraffin Wood Wax 29
6.3 Carnauba Wood Wax 30
6.4 Bees Wood Wax 32
6.5 Vendor Profiles 34
6.5.1 Akzo Nobel N.V. 34
6.5.2 BASF SE 38
6.5.3 Berkshire Hathaway Inc. 44
6.5.4 Baker Hughes Incorporated 49
6.5.5 Dow Chemical Company 53
(Overview, Business Units, Geographic Revenues, Product Profile, Recent Developments, Business Focus, SWOT Analysis and Business Strategies have been covered for all vendors)
7 Application Areas: Market Size and Analysis 60
7.1 Overview 60
7.2 Medium Density Fiberboard 61
7.3 Particleboard 62
7.4 Wood Coating 64
7.5 Customer Profile 65
7.5.1 Armstrong World Industries, Inc. 65
7.5.2 Celulosa Arauco y Constitucin S.A. 71
7.5.3 Fritz EGGER GmbH & Co. OG 77
7.5.4 Furen Group Corporation Ltd. 82
7.5.5 Norbord Inc. 85
(Overview, Business Units, Geographic Revenues, Product Profile, Recent Developments, Business Focus, SWOT Analysis and Business Strategies have been covered for all customers)
8 Regions: Market Size and Analysis 89
8.1 Overview 89
8.2 Asia Pacific 91
8.2.1 Asia Pacific Market, By Countries 91
8.2.2 Asia Pacific Market, By Application 92
8.2.3 Asia Pacific Market, By Type 93
8.3 Europe 95
8.3.1 Europe Market, By Country 95
8.3.2 Europe Market, By Application 96
8.3.3 Europe Market, By Type 98
8.4 North America 99
8.4.1 North America Market, By Countries 99
8.4.2 North America Market, By Application 101
8.4.3 North America Market, By Type 102
8.5 Rest of the World 104
8.5.1 Rest of the World Market, By Country 104
8.5.2 Rest of the World Market, By Application 105
8.5.3 Rest of the World Market, By Type 106
9 Companies to Watch for 109
9.1 DuluxGroup Limited 109
9.1.1 Overview 109
9.1.2 Product Portfolio 109
9.1.3 Backward Integration Helping the Company to Mould the Market 110
9.2 Armstrong World Industries, Inc. 110
10 Competitive Landscape 111
10.1 Competitor Comparison Analysis 111
10.2 Market Landscape 111
10.2.1 Mergers, Acquisitions & Joint Ventures 112
10.2.2 Expansion 113
10.2.3 Divestment & Divestiture 114
11 Experts Views 115
Annexure 116
Abbreviations 116

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