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Expert's Opinion

U.S. Waxes Demand to Exceed $3 Billion in 2019

Changes in the global petroleum refining industry will impact the supply and pricing of petroleum-derived waxes.

By: Joey Lovins

Analyst, Freedonia Group

U.S. demand for waxes is forecast to grow 1.8% annually through 2019 to $3.2 billion. Increases in volume terms will be supported by continued growth in manufacturing and residential construction activity. However, advances will be limited by a challenging environment for waxes in the packaging industry, as well as weak growth in most consumer and commercial applications. The supply and market share of different wax types will remain dynamic as changes in the global petroleum refining industry i...

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