Middle East & Africa Wax Emulsion Market Forecast to 2031 - Regional Analysis - by Type (Polyethylene, Polypropylene, Paraffin, Vegetable-Based, and Others) and Application (Paints & Coatings, Printing Inks, Textile, Personal Care, Packaging, and Others)
The Middle East & Africa wax emulsion market was valued at US$ 85.69 million in 2023 and is expected to reach US$ 124.63 million by 2031; it is estimated to register a CAGR of 4.8% from 2023 to 2031.
Development of Bio-Based Wax Emulsions Bolsters Middle East & Africa Wax Emulsion Market
Bio-based polymers are environmentally friendly and are the subject of extensive research in various fields. Bio-based materials exhibit sustainability, thereby driving their use in commercial applications. The easy availability of natural raw materials to produce bio-based polymers is an added factor fueling its supply and demand. Further, due to rising concerns and awareness about the social and environmental impacts of synthetic wax emulsion systems, customers are shifting toward the utilization of bio-based wax such as carnauba and beeswax. Stringent government regulations pertaining to the utilization of toxic chemicals across the world have encouraged many market players to develop nontoxic alternatives and green emulsions, aiding global sustainability goals. The rising demand for bio-based materials has prompted manufacturers to develop bio-based wax emulsions for various applications. In 2023, Emulco NV introduced AquaVeg bio-based wax emulsion for the panel board industry. In 2023, BYK launched a bio-based wax emulsion made from modified rice bran, free from microplastics. It is produced for applications in household care products, polishes, and aqueous coatings. In 2022, Deurex Wax Company launched biomere-based wax emulsion, a biodegradable wax series. In 2022, Mьnzing Corporation developed WЬKONIL NAT 1000, a bio-based and biodegradable wax dispersion, for wood and architectural coating applications. Thus, the replacement of petroleum-derived polymers with bio-based materials or polymers, otherwise sourced from natural sources or natural waxes, is expected to become a significant trend in the wax emulsion market.
Middle East & Africa Wax Emulsion Market Overview
A surge in infrastructural projects, sustainable construction, and industrialization in the Middle East & Africa are driving the demand for construction and building materials. As per the International Trade Administration, the construction sector's value in the UAE is expected to grow at 4.7% per annum in the next five years. The growth can be attributed to the growing construction initiatives. The growing need for residential and commercial buildings in the Middle East & Africa is creating lucrative opportunities in the architectural paints & coatings industry. According to the Riyadh Exhibitions Company Ltd report, the paper and paperboard packaging market is projected to reach US$ 5.87 billion by 2028 in Saudi Arabia. As per the Packaging Council of South Africa (Packaging SA), South Africa consumed ~3.84 million metric tons of packaging (glass, paper, metal, and plastic) in 2022. Wax emulsions improve certain characteristics such as water resistance, surface finish, and high level of opacity of paper. Thus, the development of the region's construction and paper packaging industry is expected to drive the demand for wax emulsion.
Middle East & Africa Wax Emulsion Market Revenue and Forecast to 2031 (US$ Million)
Middle East & Africa Wax Emulsion Market Segmentation
The Middle East & Africa wax emulsion market is categorized into type, application, and country.
Based on type, the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa wax emulsion market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa 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 Middle East & Africa wax emulsion market.
Development of Bio-Based Wax Emulsions Bolsters Middle East & Africa Wax Emulsion Market
Bio-based polymers are environmentally friendly and are the subject of extensive research in various fields. Bio-based materials exhibit sustainability, thereby driving their use in commercial applications. The easy availability of natural raw materials to produce bio-based polymers is an added factor fueling its supply and demand. Further, due to rising concerns and awareness about the social and environmental impacts of synthetic wax emulsion systems, customers are shifting toward the utilization of bio-based wax such as carnauba and beeswax. Stringent government regulations pertaining to the utilization of toxic chemicals across the world have encouraged many market players to develop nontoxic alternatives and green emulsions, aiding global sustainability goals. The rising demand for bio-based materials has prompted manufacturers to develop bio-based wax emulsions for various applications. In 2023, Emulco NV introduced AquaVeg bio-based wax emulsion for the panel board industry. In 2023, BYK launched a bio-based wax emulsion made from modified rice bran, free from microplastics. It is produced for applications in household care products, polishes, and aqueous coatings. In 2022, Deurex Wax Company launched biomere-based wax emulsion, a biodegradable wax series. In 2022, Mьnzing Corporation developed WЬKONIL NAT 1000, a bio-based and biodegradable wax dispersion, for wood and architectural coating applications. Thus, the replacement of petroleum-derived polymers with bio-based materials or polymers, otherwise sourced from natural sources or natural waxes, is expected to become a significant trend in the wax emulsion market.
Middle East & Africa Wax Emulsion Market Overview
A surge in infrastructural projects, sustainable construction, and industrialization in the Middle East & Africa are driving the demand for construction and building materials. As per the International Trade Administration, the construction sector's value in the UAE is expected to grow at 4.7% per annum in the next five years. The growth can be attributed to the growing construction initiatives. The growing need for residential and commercial buildings in the Middle East & Africa is creating lucrative opportunities in the architectural paints & coatings industry. According to the Riyadh Exhibitions Company Ltd report, the paper and paperboard packaging market is projected to reach US$ 5.87 billion by 2028 in Saudi Arabia. As per the Packaging Council of South Africa (Packaging SA), South Africa consumed ~3.84 million metric tons of packaging (glass, paper, metal, and plastic) in 2022. Wax emulsions improve certain characteristics such as water resistance, surface finish, and high level of opacity of paper. Thus, the development of the region's construction and paper packaging industry is expected to drive the demand for wax emulsion.
Middle East & Africa Wax Emulsion Market Revenue and Forecast to 2031 (US$ Million)
Middle East & Africa Wax Emulsion Market Segmentation
The Middle East & Africa wax emulsion market is categorized into type, application, and country.
Based on type, the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa wax emulsion market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa 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 Middle East & Africa wax emulsion market.
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. MIDDLE EAST & AFRICA 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
4.3 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. MIDDLE EAST & AFRICA 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 - MIDDLE EAST & AFRICA ANALYSIS
6.1 Middle East & Africa Wax Emulsion Market Overview
6.2 Wax Emulsion Market Volume (Kilo Tons), 2020-2031
6.3 Wax Emulsion Market Volume Forecast and Analysis (Kilo Tons)
6.4 Wax Emulsion Market Revenue (US$ Million), 2020-2031
6.5 Wax Emulsion Market Forecast and Analysis
7. MIDDLE EAST & AFRICA 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. MIDDLE EAST & AFRICA 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. MIDDLE EAST & AFRICA WAX EMULSION MARKET - COUNTRY ANALYSIS
9.1 Middle East & Africa
9.1.1 Middle East & Africa Wax Emulsion Market Breakdown, by Key Countries, 2023 and 2031 (%)
9.1.1.1 Middle East & Africa Wax Emulsion Market Volume and Forecast and Analysis - by Country
9.1.1.2 Middle East & Africa Wax Emulsion Market Revenue and Forecast and Analysis -by Country
9.1.1.3 South Africa Wax Emulsion Market - Revenue and Forecast to 2031 (US$ Million)
9.1.1.3.1 South Africa Wax Emulsion Market Breakdown by Type
9.1.1.4 Saudi Arabia Wax Emulsion Market - Revenue and Forecast to 2031 (US$ Million)
9.1.1.4.1 Saudi Arabia Wax Emulsion Market Breakdown by Type
9.1.1.5 United Arab Emirates Wax Emulsion Market - Revenue and Forecast to 2031 (US$ Million)
9.1.1.5.1 United Arab Emirates Wax Emulsion Market Breakdown by Type
9.1.1.6 Rest of Middle East & Africa Wax Emulsion Market - Revenue and Forecast to 2031 (US$ Million)
9.1.1.6.1 Rest of Middle East & Africa 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
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. MIDDLE EAST & AFRICA 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
4.3 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. MIDDLE EAST & AFRICA 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 - MIDDLE EAST & AFRICA ANALYSIS
6.1 Middle East & Africa Wax Emulsion Market Overview
6.2 Wax Emulsion Market Volume (Kilo Tons), 2020-2031
6.3 Wax Emulsion Market Volume Forecast and Analysis (Kilo Tons)
6.4 Wax Emulsion Market Revenue (US$ Million), 2020-2031
6.5 Wax Emulsion Market Forecast and Analysis
7. MIDDLE EAST & AFRICA 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. MIDDLE EAST & AFRICA 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. MIDDLE EAST & AFRICA WAX EMULSION MARKET - COUNTRY ANALYSIS
9.1 Middle East & Africa
9.1.1 Middle East & Africa Wax Emulsion Market Breakdown, by Key Countries, 2023 and 2031 (%)
9.1.1.1 Middle East & Africa Wax Emulsion Market Volume and Forecast and Analysis - by Country
9.1.1.2 Middle East & Africa Wax Emulsion Market Revenue and Forecast and Analysis -by Country
9.1.1.3 South Africa Wax Emulsion Market - Revenue and Forecast to 2031 (US$ Million)
9.1.1.3.1 South Africa Wax Emulsion Market Breakdown by Type
9.1.1.4 Saudi Arabia Wax Emulsion Market - Revenue and Forecast to 2031 (US$ Million)
9.1.1.4.1 Saudi Arabia Wax Emulsion Market Breakdown by Type
9.1.1.5 United Arab Emirates Wax Emulsion Market - Revenue and Forecast to 2031 (US$ Million)
9.1.1.5.1 United Arab Emirates Wax Emulsion Market Breakdown by Type
9.1.1.6 Rest of Middle East & Africa Wax Emulsion Market - Revenue and Forecast to 2031 (US$ Million)
9.1.1.6.1 Rest of Middle East & Africa 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
