| Product Code: ETC418365 | Publication Date: Oct 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria saw a notable decrease in the import shipments of artificial and prepared waxes, with a negative Compound Annual Growth Rate (CAGR) of -9.05% from 2020 to 2024. The top countries exporting to Nigeria in this sector were Poland, China, India, Germany, and Italy. Despite the decline in growth rate from 2023 to 2024, the Herfindahl-Hirschman Index (HHI) indicated moderate concentration in the market. This data suggests a challenging landscape for artificial and prepared waxes imports in Nigeria, highlighting the need for strategic analysis and market adaptation for industry players.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Artificial and prepared waxes Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Artificial and prepared waxes Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Artificial and prepared waxes Market - Industry Life Cycle |
3.4 Nigeria Artificial and prepared waxes Market - Porter's Five Forces |
3.5 Nigeria Artificial and prepared waxes Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.6 Nigeria Artificial and prepared waxes Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Nigeria Artificial and prepared waxes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for artificial and prepared waxes in the cosmetics and personal care industry in Nigeria |
4.2.2 Increasing usage of artificial and prepared waxes in the food and beverage sector for packaging and processing purposes |
4.2.3 Rising awareness about the benefits of artificial and prepared waxes in industrial applications in Nigeria |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of artificial and prepared waxes |
4.3.2 Lack of skilled workforce for the manufacturing and processing of artificial and prepared waxes in Nigeria |
4.3.3 Stringent regulations and policies related to the production and usage of artificial and prepared waxes in the country |
5 Nigeria Artificial and prepared waxes Market Trends |
6 Nigeria Artificial and prepared waxes Market, By Types |
6.1 Nigeria Artificial and prepared waxes Market, By Applications |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Artificial and prepared waxes Market Revenues & Volume, By Applications, 2021 - 2031F |
6.1.3 Nigeria Artificial and prepared waxes Market Revenues & Volume, By Candles, 2021 - 2031F |
6.1.4 Nigeria Artificial and prepared waxes Market Revenues & Volume, By Packaging, 2021 - 2031F |
6.1.5 Nigeria Artificial and prepared waxes Market Revenues & Volume, By Emulsions, 2021 - 2031F |
6.1.6 Nigeria Artificial and prepared waxes Market Revenues & Volume, By Hot Melts, 2021 - 2031F |
6.1.7 Nigeria Artificial and prepared waxes Market Revenues & Volume, By Floor Polishes, 2021 - 2031F |
6.1.8 Nigeria Artificial and prepared waxes Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Nigeria Artificial and prepared waxes Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Artificial and prepared waxes Market Revenues & Volume, By Paraffin/Mineral Wax, 2021 - 2031F |
6.2.3 Nigeria Artificial and prepared waxes Market Revenues & Volume, By Synthetic Wax, 2021 - 2031F |
6.2.4 Nigeria Artificial and prepared waxes Market Revenues & Volume, By Natural Wax, 2021 - 2031F |
6.2.5 Nigeria Artificial and prepared waxes Market Revenues & Volume, By Others, 2021 - 2031F |
7 Nigeria Artificial and prepared waxes Market Import-Export Trade Statistics |
7.1 Nigeria Artificial and prepared waxes Market Export to Major Countries |
7.2 Nigeria Artificial and prepared waxes Market Imports from Major Countries |
8 Nigeria Artificial and prepared waxes Market Key Performance Indicators |
8.1 Percentage increase in the number of new product launches incorporating artificial and prepared waxes in Nigeria |
8.2 Growth in the number of partnerships and collaborations between artificial and prepared wax manufacturers and end-user industries in Nigeria |
8.3 Improvement in the adoption rate of sustainable practices and technologies in the production of artificial and prepared waxes in Nigeria |
9 Nigeria Artificial and prepared waxes Market - Opportunity Assessment |
9.1 Nigeria Artificial and prepared waxes Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.2 Nigeria Artificial and prepared waxes Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Nigeria Artificial and prepared waxes Market - Competitive Landscape |
10.1 Nigeria Artificial and prepared waxes Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Artificial and prepared waxes Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |