Abstract
Summary
Soy candles are candles made from soy wax, which is a processed form of soybean oil. They are usually container candles, because soy wax typically has a lower melting point than traditional waxes, but can also be made into pillar candles if certain additives are mixed into the soy wax.
LPI (LP Information)' newest research report, the “Soy Wax Industry Forecast” looks at past sales and reviews total world Soy Wax sales in 2022, providing a comprehensive analysis by region and market sector of projected Soy Wax sales for 2023 through 2029. With Soy Wax sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Soy Wax industry.
This Insight Report provides a comprehensive analysis of the global Soy Wax landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Soy Wax portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Soy Wax market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Soy Wax and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Soy Wax.
The global Soy Wax market size is projected to grow from US$ 5231.3 million in 2022 to US$ 8649.8 million in 2029; it is expected to grow at a CAGR of 8649.8 from 2023 to 2029.
United States market for Soy Wax is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
China market for Soy Wax is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Europe market for Soy Wax is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Global key Soy Wax players cover Golden Brands, CJ Robinson, Kerax, HCI, IGI Wax, BASF, SRS, EcoSoya and NatureWax, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.
This report presents a comprehensive overview, market shares, and growth opportunities of Soy Wax market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Pure Soy Wax
Blend Soy Wax
Segmentation by application
Candle
Cosmetics
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Golden Brands
CJ Robinson
Kerax
HCI
IGI Wax
BASF
SRS
EcoSoya
NatureWax
Key Questions Addressed in this Report
What is the 10-year outlook for the global Soy Wax market?
What factors are driving Soy Wax market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Soy Wax market opportunities vary by end market size?
How does Soy Wax break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
LPI (LP Information)' newest research report, the “Soy Wax Industry Forecast” looks at past sales and reviews total world Soy Wax sales in 2022, providing a comprehensive analysis by region and market sector of projected Soy Wax sales for 2023 through 2029. With Soy Wax sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Soy Wax industry.
This Insight Report provides a comprehensive analysis of the global Soy Wax landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Soy Wax portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Soy Wax market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Soy Wax and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Soy Wax.
The global Soy Wax market size is projected to grow from US$ 5231.3 million in 2022 to US$ 8649.8 million in 2029; it is expected to grow at a CAGR of 8649.8 from 2023 to 2029.
United States market for Soy Wax is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
China market for Soy Wax is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Europe market for Soy Wax is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Global key Soy Wax players cover Golden Brands, CJ Robinson, Kerax, HCI, IGI Wax, BASF, SRS, EcoSoya and NatureWax, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.
This report presents a comprehensive overview, market shares, and growth opportunities of Soy Wax market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Pure Soy Wax
Blend Soy Wax
Segmentation by application
Candle
Cosmetics
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Golden Brands
CJ Robinson
Kerax
HCI
IGI Wax
BASF
SRS
EcoSoya
NatureWax
Key Questions Addressed in this Report
What is the 10-year outlook for the global Soy Wax market?
What factors are driving Soy Wax market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Soy Wax market opportunities vary by end market size?
How does Soy Wax break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Soy Wax Annual Sales 2018-2029
2.1.2 World Current & Future Analysis for Soy Wax by Geographic Region, 2018, 2022 & 2029
2.1.3 World Current & Future Analysis for Soy Wax by Country/Region, 2018, 2022 & 2029
2.2 Soy Wax Segment by Type
2.2.1 Pure Soy Wax
2.2.2 Blend Soy Wax
2.3 Soy Wax Sales by Type
2.3.1 Global Soy Wax Sales Market Share by Type (2018-2023)
2.3.2 Global Soy Wax Revenue and Market Share by Type (2018-2023)
2.3.3 Global Soy Wax Sale Price by Type (2018-2023)
2.4 Soy Wax Segment by Application
2.4.1 Candle
2.4.2 Cosmetics
2.5 Soy Wax Sales by Application
2.5.1 Global Soy Wax Sale Market Share by Application (2018-2023)
2.5.2 Global Soy Wax Revenue and Market Share by Application (2018-2023)
2.5.3 Global Soy Wax Sale Price by Application (2018-2023)
3 Global Soy Wax by Company
3.1 Global Soy Wax Breakdown Data by Company
3.1.1 Global Soy Wax Annual Sales by Company (2018-2023)
3.1.2 Global Soy Wax Sales Market Share by Company (2018-2023)
3.2 Global Soy Wax Annual Revenue by Company (2018-2023)
3.2.1 Global Soy Wax Revenue by Company (2018-2023)
3.2.2 Global Soy Wax Revenue Market Share by Company (2018-2023)
3.3 Global Soy Wax Sale Price by Company
3.4 Key Manufacturers Soy Wax Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Soy Wax Product Location Distribution
3.4.2 Players Soy Wax Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Soy Wax by Geographic Region
4.1 World Historic Soy Wax Market Size by Geographic Region (2018-2023)
4.1.1 Global Soy Wax Annual Sales by Geographic Region (2018-2023)
4.1.2 Global Soy Wax Annual Revenue by Geographic Region (2018-2023)
4.2 World Historic Soy Wax Market Size by Country/Region (2018-2023)
4.2.1 Global Soy Wax Annual Sales by Country/Region (2018-2023)
4.2.2 Global Soy Wax Annual Revenue by Country/Region (2018-2023)
4.3 Americas Soy Wax Sales Growth
4.4 APAC Soy Wax Sales Growth
4.5 Europe Soy Wax Sales Growth
4.6 Middle East & Africa Soy Wax Sales Growth
5 Americas
5.1 Americas Soy Wax Sales by Country
5.1.1 Americas Soy Wax Sales by Country (2018-2023)
5.1.2 Americas Soy Wax Revenue by Country (2018-2023)
5.2 Americas Soy Wax Sales by Type
5.3 Americas Soy Wax Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Soy Wax Sales by Region
6.1.1 APAC Soy Wax Sales by Region (2018-2023)
6.1.2 APAC Soy Wax Revenue by Region (2018-2023)
6.2 APAC Soy Wax Sales by Type
6.3 APAC Soy Wax Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Soy Wax by Country
7.1.1 Europe Soy Wax Sales by Country (2018-2023)
7.1.2 Europe Soy Wax Revenue by Country (2018-2023)
7.2 Europe Soy Wax Sales by Type
7.3 Europe Soy Wax Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Soy Wax by Country
8.1.1 Middle East & Africa Soy Wax Sales by Country (2018-2023)
8.1.2 Middle East & Africa Soy Wax Revenue by Country (2018-2023)
8.2 Middle East & Africa Soy Wax Sales by Type
8.3 Middle East & Africa Soy Wax Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Soy Wax
10.3 Manufacturing Process Analysis of Soy Wax
10.4 Industry Chain Structure of Soy Wax
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Soy Wax Distributors
11.3 Soy Wax Customer
12 World Forecast Review for Soy Wax by Geographic Region
12.1 Global Soy Wax Market Size Forecast by Region
12.1.1 Global Soy Wax Forecast by Region (2024-2029)
12.1.2 Global Soy Wax Annual Revenue Forecast by Region (2024-2029)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Soy Wax Forecast by Type
12.7 Global Soy Wax Forecast by Application
13 Key Players Analysis
13.1 Golden Brands
13.1.1 Golden Brands Company Information
13.1.2 Golden Brands Soy Wax Product Portfolios and Specifications
13.1.3 Golden Brands Soy Wax Sales, Revenue, Price and Gross Margin (2018-2023)
13.1.4 Golden Brands Main Business Overview
13.1.5 Golden Brands Latest Developments
13.2 CJ Robinson
13.2.1 CJ Robinson Company Information
13.2.2 CJ Robinson Soy Wax Product Portfolios and Specifications
13.2.3 CJ Robinson Soy Wax Sales, Revenue, Price and Gross Margin (2018-2023)
13.2.4 CJ Robinson Main Business Overview
13.2.5 CJ Robinson Latest Developments
13.3 Kerax
13.3.1 Kerax Company Information
13.3.2 Kerax Soy Wax Product Portfolios and Specifications
13.3.3 Kerax Soy Wax Sales, Revenue, Price and Gross Margin (2018-2023)
13.3.4 Kerax Main Business Overview
13.3.5 Kerax Latest Developments
13.4 HCI
13.4.1 HCI Company Information
13.4.2 HCI Soy Wax Product Portfolios and Specifications
13.4.3 HCI Soy Wax Sales, Revenue, Price and Gross Margin (2018-2023)
13.4.4 HCI Main Business Overview
13.4.5 HCI Latest Developments
13.5 IGI Wax
13.5.1 IGI Wax Company Information
13.5.2 IGI Wax Soy Wax Product Portfolios and Specifications
13.5.3 IGI Wax Soy Wax Sales, Revenue, Price and Gross Margin (2018-2023)
13.5.4 IGI Wax Main Business Overview
13.5.5 IGI Wax Latest Developments
13.6 BASF
13.6.1 BASF Company Information
13.6.2 BASF Soy Wax Product Portfolios and Specifications
13.6.3 BASF Soy Wax Sales, Revenue, Price and Gross Margin (2018-2023)
13.6.4 BASF Main Business Overview
13.6.5 BASF Latest Developments
13.7 SRS
13.7.1 SRS Company Information
13.7.2 SRS Soy Wax Product Portfolios and Specifications
13.7.3 SRS Soy Wax Sales, Revenue, Price and Gross Margin (2018-2023)
13.7.4 SRS Main Business Overview
13.7.5 SRS Latest Developments
13.8 EcoSoya
13.8.1 EcoSoya Company Information
13.8.2 EcoSoya Soy Wax Product Portfolios and Specifications
13.8.3 EcoSoya Soy Wax Sales, Revenue, Price and Gross Margin (2018-2023)
13.8.4 EcoSoya Main Business Overview
13.8.5 EcoSoya Latest Developments
13.9 NatureWax
13.9.1 NatureWax Company Information
13.9.2 NatureWax Soy Wax Product Portfolios and Specifications
13.9.3 NatureWax Soy Wax Sales, Revenue, Price and Gross Margin (2018-2023)
13.9.4 NatureWax Main Business Overview
13.9.5 NatureWax Latest Developments
14 Research Findings and Conclusion