북미의 왁스 에멀전 시장 예측 : 지역별 분석-유형별, 용도별(-2031년)

The North America wax emulsion market was valued at US$ 405.14 million in 2023 and is expected to reach US$ 553.09 million by 2031; it is estimated to register a CAGR of 4.0% from 2023 to 2031.

Growth of Paints & Coatings Industry Fuel North America Wax Emulsion Market

Paints & coatings are used for decorative purposes and enhancing surface properties such as corrosion resistance, scratch-resistance, adhesion, appearance, and water resistance. Paints & coatings are increasingly used in end-use industries such as construction, furniture, packaging, automotive & transportation, and other industrial applications. Wax emulsions are an integral component of paints & coatings. Polyethylene wax emulsions are used in aqueous coatings due to their characteristics such as physical stability, fine particle size, anti-scuff properties, waterproofing, gloss, and ease of handling. Wax emulsions are also used in wood polishes and finishes and outdoor timber treatment. Wax emulsions render wood with abrasion resistance, waterproofing, and anti-blocking properties. It also finds application in metal components and automotive coatings. The growing global sales of electric vehicles drive the demand for high-performance coatings and electrical insulating coatings. According to the International Energy Agency, the electric car market has witnessed exponential growth in the past few years, with reported global sales of more than 10 million electric cars in 2023.

According to the US Census Bureau, the total construction spending in the US accounted for US$ 740.8 billion during the first five months of 2023. The investment was spent on the development of offices, commercial spaces, transportation, highways, and streets. The growth in the global construction industry propels the demand for architectural paints & coatings. According to the American Coatings Association report published in February 2023, in 2021, the US coatings industry shipped architectural coatings worth more than US$ 14 billion; industrial OEM coatings worth US$ 8.7 billion; and special purpose coatings such as marine paints, military-specified coatings, and automotive refinish paints worth US$ 4 billion. Thus, growth in the paints & coatings industry fuels the wax emulsion market.

North America Wax Emulsion Market Overview

Wax emulsions are used in paints & coatings to enhance the surface properties of materials, such as abrasion resistance, water resistance, and durability. In the automotive industry, polyethylene wax is used in non-built detergent systems for polishing applications. According to the International Organization of Motor Vehicle Manufacturers, North America registered a production of 14.79 million vehicles in 2023. As per a report by the American Automotive Policy Council, car sales are expected to exceed 17.7 million vehicles per year by 2025. According to the International Trade Administration data released in 2023, the automotive industry is one of the major sectors of Mexico, accounting for 3.5% of the country's GDP and 20% of the manufacturing gross domestic production. Therefore, the increasing automotive production is driving the demand for paints & coatings. According to the American Coatings Association, architectural coatings are the largest sector and segment of the paint industry in the US, accounting for more than 50% of the total volume of coatings produced annually. According to the US Department of Transportation Federal Highway Administration, the US Government signed the Infrastructure Investment and Jobs Act in 2021, encompassing long-term infrastructure investment, providing US$ 550 billion over fiscal years 2023-2026 for the construction of roads, bridges, and mass transit, and water infrastructure. North American manufacturers are focusing on research and development to improve the functionality and performance of industrial coatings. Industrial coatings are included in finishes and polishes used for automobiles, packaging, transport equipment, appliances, furniture, and building products. The region also marks the presence of major packaging companies, namely International Paper Co, Westrock Co, Berry Global Group, Ball Corp, and Crown Holdings Inc. Thus, the factors mentioned above are expected to drive the demand for the wax emulsion market in North America during the forecast period.

North America Wax Emulsion Market Revenue and Forecast to 2031 (US$ Million)

North America Wax Emulsion Market Segmentation

The North America wax emulsion market is categorized into type, application, and country.

Based on type, the North America wax emulsion market is segmented into polyethylene, polypropylene, paraffin, vegetable-based, and others. The others segment held the largest market share in 2023.

In terms of application, the North America wax emulsion market is categorized into paints & coatings, printing inks, textile, personal care, packaging, and others. The paints & coatings segment held the largest market share in 2023.

By country, the North America wax emulsion market is segmented into the US, Canada, and Mexico. The US dominated the North America wax emulsion market share in 2023.

BASF SE, Hexion Inc, Repsol SA, Sasol Ltd, The Lubrizol Corp, Clariant AG, Michelman Inc, H&R Group, and Productos Concentrol SA., are some of the leading companies operating in the North America wax emulsion market.

Table Of Contents

1. Introduction

• 1.1 The Insight Partners Research Report Guidance
• 1.2 Market Segmentation

2. Executive Summary

• 2.1 Key Insights
• 2.2 Market Attractiveness

3. Research Methodology

• 3.1 Coverage
• 3.2 Secondary Research
• 3.3 Primary Research

4. North America Wax Emulsion Market Landscape

• 4.1 Overview
• 4.2 Ecosystem Analysis
  • 4.2.1 Raw Material Suppliers
  • 4.2.2 Wax Emulsion Manufacturers
  • 4.2.3 Distributors/Suppliers
  • 4.2.4 End-Use Industry
  • 4.2.5 List of Vendors in Value Chain
• 4.3 Porters Analysis
  • 4.3.1 Bargaining Power of Suppliers
  • 4.3.2 Bargaining Power of Buyers
  • 4.3.1 Threat of New Entrants
  • 4.3.2 Intensity of Competitive Rivalry
  • 4.3.3 Threat of Substitutes

5. North America Wax Emulsion Market - Key Market Dynamics

• 5.1 Market Drivers
  • 5.1.1 Growth of Paints & Coatings Industry
  • 5.1.2 Rising Demand for Polyethylene Wax Emulsions
• 5.2 Market Restraints
  • 5.2.1 Fluctuations in Raw Material Prices
• 5.3 Market Opportunities
  • 5.3.1 Innovations in Wax Emulsion Market
• 5.4 Future Trends
  • 5.4.1 Development of Bio-Based Wax Emulsions
• 5.5 Impact Analysis

6. Wax Emulsion Market - North America Analysis

• 6.1 North America Wax Emulsion Market Overview
• 6.2 Wax Emulsion Market Volume (Kilo Tons), 2020-2031
• 6.3 North America Wax Emulsion Market Volume Forecast and Analysis (Kilo Tons)
• 6.4 Wax Emulsion Market Revenue (US$ Million), 2020-2031
• 6.5 North America Wax Emulsion Market Forecast and Analysis

7. North America Wax Emulsion Market Volume and Revenue Analysis - by Type

• 7.1 Polyethylene
  • 7.1.1 Overview
  • 7.1.2 Polyethylene: Wax Emulsion Market - Volume and Forecast to 2031 (Kilo Tons)
  • 7.1.3 Polyethylene: Wax Emulsion Market - Revenue and Forecast to 2031 (US$ Million)
• 7.2 Polypropylene
  • 7.2.1 Overview
  • 7.2.2 Polypropylene: Wax Emulsion Market - Volume and Forecast to 2031 (Kilo Tons)
  • 7.2.3 Polypropylene: Wax Emulsion Market - Revenue and Forecast to 2031 (US$ Million)
• 7.3 Paraffin
  • 7.3.1 Overview
  • 7.3.2 Paraffin: Wax Emulsion Market - Volume and Forecast to 2031 (Kilo Tons)
  • 7.3.3 Paraffin: Wax Emulsion Market - Revenue and Forecast to 2031 (US$ Million)
• 7.4 Vegetable-Based
  • 7.4.1 Overview
  • 7.4.2 Vegetable-Based: Wax Emulsion Market - Volume and Forecast to 2031 (Kilo Tons)
  • 7.4.3 Vegetable-Based: Wax Emulsion Market - Revenue and Forecast to 2031 (US$ Million)
• 7.5 Others
  • 7.5.1 Overview
  • 7.5.2 Others: Wax Emulsion Market - Volume and Forecast to 2031 (Kilo Tons)
  • 7.5.3 Others: Wax Emulsion Market - Revenue and Forecast to 2031 (US$ Million)

8. North America Wax Emulsion Market Revenue Analysis - by Application

• 8.1 Paints & Coatings
  • 8.1.1 Overview
  • 8.1.2 Paints & Coatings: Wax Emulsion Market - Revenue and Forecast to 2031 (US$ Million)
• 8.2 Printing Inks
  • 8.2.1 Overview
  • 8.2.2 Printing Inks: Wax Emulsion Market - Revenue and Forecast to 2031 (US$ Million)
• 8.3 Textile
  • 8.3.1 Overview
  • 8.3.2 Textile: Wax Emulsion Market - Revenue and Forecast to 2031 (US$ Million)
• 8.4 Personal Care
  • 8.4.1 Overview
  • 8.4.2 Personal Care: Wax Emulsion Market - Revenue and Forecast to 2031 (US$ Million)
• 8.5 Packaging
  • 8.5.1 Overview
  • 8.5.2 Packaging: Wax Emulsion Market - Revenue and Forecast to 2031 (US$ Million)
• 8.6 Others
  • 8.6.1 Overview
  • 8.6.2 Others: Wax Emulsion Market - Revenue and Forecast to 2031 (US$ Million)

9. North America Wax Emulsion Market - Country Analysis

• 9.1 North America
  • 9.1.1 North America Wax Emulsion Market Breakdown, by Key Country, 2023 and 2031 (%)
    • 9.1.1.1 North America Wax Emulsion Market Volume and Forecast and Analysis - by Country
    • 9.1.1.2 North America Wax Emulsion Market Revenue and Forecast and Analysis -by Country
    • 9.1.1.3 United States Wax Emulsion Market - Revenue and Forecast to 2031 (US$ Million)
      • 9.1.1.3.1 United States Wax Emulsion Market Breakdown by Type
    • 9.1.1.4 Canada Wax Emulsion Market - Revenue and Forecast to 2031 (US$ Million)
      • 9.1.1.4.1 Canada Wax Emulsion Market Breakdown by Type
    • 9.1.1.5 Mexico Wax Emulsion Market - Revenue and Forecast to 2031 (US$ Million)
      • 9.1.1.5.1 Mexico Wax Emulsion Market Breakdown by Type

10. Competitive Landscape

• 10.1 Heat Map Analysis by Key Players
• 10.2 Company Positioning & Concentration

11. Industry Landscape

• 11.1 Overview
• 11.2 Market Initiative
• 11.3 New Product Development

12. Company Profiles

• 12.1 BASF SE
  • 12.1.1 Key Facts
  • 12.1.2 Business Description
  • 12.1.3 Products and Services
  • 12.1.4 Financial Overview
  • 12.1.5 SWOT Analysis
  • 12.1.6 Key Developments
• 12.2 Hexion Inc
  • 12.2.1 Key Facts
  • 12.2.2 Business Description
  • 12.2.3 Products and Services
  • 12.2.4 Financial Overview
  • 12.2.5 SWOT Analysis
  • 12.2.6 Key Developments
• 12.3 Repsol SA
  • 12.3.1 Key Facts
  • 12.3.2 Business Description
  • 12.3.3 Products and Services
  • 12.3.4 Financial Overview
  • 12.3.5 SWOT Analysis
  • 12.3.6 Key Developments
• 12.4 Sasol Ltd
  • 12.4.1 Key Facts
  • 12.4.2 Business Description
  • 12.4.3 Products and Services
  • 12.4.4 Financial Overview
  • 12.4.5 SWOT Analysis
  • 12.4.6 Key Developments
• 12.5 The Lubrizol Corp
  • 12.5.1 Key Facts
  • 12.5.2 Business Description
  • 12.5.3 Products and Services
  • 12.5.4 Financial Overview
  • 12.5.5 SWOT Analysis
  • 12.5.6 Key Developments
• 12.6 Clariant AG
  • 12.6.1 Key Facts
  • 12.6.2 Business Description
  • 12.6.3 Products and Services
  • 12.6.4 Financial Overview
  • 12.6.5 SWOT Analysis
  • 12.6.6 Key Developments
• 12.7 Michelman Inc
  • 12.7.1 Key Facts
  • 12.7.2 Business Description
  • 12.7.3 Products and Services
  • 12.7.4 Financial Overview
  • 12.7.5 SWOT Analysis
  • 12.7.6 Key Developments
• 12.8 H&R Group
  • 12.8.1 Key Facts
  • 12.8.2 Business Description
  • 12.8.3 Products and Services
  • 12.8.4 Financial Overview
  • 12.8.5 SWOT Analysis
  • 12.8.6 Key Developments
• 12.9 Productos Concentrol SA
  • 12.9.1 Key Facts
  • 12.9.2 Business Description
  • 12.9.3 Products and Services
  • 12.9.4 Financial Overview
  • 12.9.5 SWOT Analysis
  • 12.9.6 Key Developments

13. Appendix

• 13.1 About The Insight Partners