The Slack Wax Global Market Report 2023, provides comprehensive information on the slack wax market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global slack wax market size is expected to grow from $3.83 billion in 2022 to $3.88 billion in 2023 at a compound annual growth rate (CAGR) of 1.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global slack wax market size is expected to reach $4.17 billion in 2027 at a CAGR of 1.8%.
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Product innovation is the key trend gaining popularity in the slack wax market. Major companies operating in the slack wax market are focused on developing new and innovative products to sustain their market position. For instance, in May 2022, Natura-Tec, a France-based personal care cosmetics company launched Natural Candle Wax Base, a 100% upcycled candle wax base. This unique Candle Wax Base is palm-free and entirely vegan, created from natural components that are locally sourced and promote a real circular economy. Natural Candle Wax Base is created using only components that were salvaged during the processing of locally produced olive oil. Due to its unique composition, it appears creamy and smooth and cools without cracking. The burning process leaves no odor.
The slack wax market is segmented:
1) By Type: Slack Wax LMO, Slack Wax SPO, Slack Wax DAO, Slack Wax MMO
2) By Grade: Light, Heavy
3) By Application: Cosmetics, Candles, Polishes, Carbon Paper, Canvas Coatings, Composite Wood Panels, Other Applications
Asia-Pacific was the largest region in the slack wax market in 2022.
The table of contents in TBRC’s slack wax market report includes:
- Executive Summary
- Slack Wax Market Characteristics
- Slack Wax Market Trends And Strategies
- Slack Wax Market – Macro Economic Scenario
- Slack Wax Market Size And Growth
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- Africa Slack Wax Market
- Slack Wax Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Slack Wax Market
- Slack Wax Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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