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Increase in usage of wax in packaging, wax-based natural cosmetic products boost growth of global wax market.
March 7, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
According to a new report published by Allied Market Research, titled, “Wax Market by Type, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023,” the global wax market was valued at $9,322 million in 2016, and is projected to reach at $11,780 million by 2023, registering a CAGR of 3.4% from 2017 to 2023. Waxes are a mixture of hydrophobic organic materials that turns into solid state at a temperature of 20°C, and melts at temperature higher than 40°C up to 140°C. Wa...
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