Indonesia Industrial wax Market (2025-2031) Outlook | Analysis, Share, Trends, Size, Growth, Forecast, Revenue, Value, Companies & Industry
Market Forecast By Type (Fossil-based wax, Synthetic wax, Bio-Based wax), By Application (Candles, Packaging, Coatings & Polishes, Hot-melt Adhesives, Tires & Rubber, Cosmetics & Personal Care, Food) And Competitive Landscape
| Product Code: ETC4487549 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Indonesia Industrial Wax Market: Import Trend Analysis
In the Indonesia industrial wax market, the import trend showed a growth rate of 6.73% from 2023 to 2024, with a compound annual growth rate (CAGR) of 0.06% from 2020 to 2024. This upward import momentum can be attributed to increasing demand for industrial wax in various sectors, indicating market stability and sustained demand for the product.
Indonesia Industrial Wax Market Overview
The industrial wax market in Indonesia has shown resilience, propelled by its diverse applications across industries such as packaging, candles, coatings, and personal care products. Manufacturers are increasingly focusing on developing innovative wax blends to cater to specific industrial needs. Additionally, the pharmaceutical and cosmetic sectors are emerging as promising avenues for the utilization of industrial wax.
Drivers of the Market
The industrial wax market in Indonesia has witnessed a surge in demand, propelled by its versatile applications across various industries. Industries such as packaging, candles, and adhesives have been significant consumers of industrial wax. Moreover, the burgeoning cosmetics and pharmaceutical industries have also contributed to the market`s growth, as waxes find extensive use in formulations for personal care products and pharmaceutical preparations.
Challenges of the Market
This market could face challenges like the need to develop specialized waxes for different industrial applications, fluctuating crude oil prices affecting wax production, and addressing environmental concerns related to certain wax types.
COVID-19 Impacts on the Market
The industrial wax market in Indonesia felt the impact of COVID-19 as well. Reduced industrial production and manufacturing activities during lockdowns led to a short-term decline in demand. However, industrial waxes found application in pharmaceuticals and packaging, which provided some resilience. As manufacturing sectors rebounded, the demand for industrial waxes started to pick up.
Key Players of the Makret
Significant players in the industrial wax market include PT Sasol Indonesia, PT Pertamina (Persero), and PT AKR Corporindo Tbk.
Key Highlights of the Report:
- Indonesia Industrial wax Market Outlook
- Market Size of Indonesia Industrial wax Market, 2024
- Forecast of Indonesia Industrial wax Market, 2031
- Historical Data and Forecast of Indonesia Industrial wax Revenues & Volume for the Period 2021-2031
- Indonesia Industrial wax Market Trend Evolution
- Indonesia Industrial wax Market Drivers and Challenges
- Indonesia Industrial wax Price Trends
- Indonesia Industrial wax Porter's Five Forces
- Indonesia Industrial wax Industry Life Cycle
- Historical Data and Forecast of Indonesia Industrial wax Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Indonesia Industrial wax Market Revenues & Volume By Fossil-based wax for the Period 2021-2031
- Historical Data and Forecast of Indonesia Industrial wax Market Revenues & Volume By Synthetic wax for the Period 2021-2031
- Historical Data and Forecast of Indonesia Industrial wax Market Revenues & Volume By Bio-Based wax for the Period 2021-2031
- Historical Data and Forecast of Indonesia Industrial wax Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Indonesia Industrial wax Market Revenues & Volume By Candles for the Period 2021-2031
- Historical Data and Forecast of Indonesia Industrial wax Market Revenues & Volume By Packaging for the Period 2021-2031
- Historical Data and Forecast of Indonesia Industrial wax Market Revenues & Volume By Coatings & Polishes for the Period 2021-2031
- Historical Data and Forecast of Indonesia Industrial wax Market Revenues & Volume By Hot-melt Adhesives for the Period 2021-2031
- Historical Data and Forecast of Indonesia Industrial wax Market Revenues & Volume By Tires & Rubber for the Period 2021-2031
- Historical Data and Forecast of Indonesia Industrial wax Market Revenues & Volume By Cosmetics & Personal Care for the Period 2021-2031
- Historical Data and Forecast of Indonesia Industrial wax Market Revenues & Volume By Food for the Period 2021-2031
- Indonesia Industrial wax Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Application
- Indonesia Industrial wax Top Companies Market Share
- Indonesia Industrial wax Competitive Benchmarking By Technical and Operational Parameters
- Indonesia Industrial wax Company Profiles
- Indonesia Industrial wax Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Indonesia Industrial wax Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Indonesia Industrial wax Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Indonesia Industrial wax Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Industrial wax Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Industrial wax Market - Industry Life Cycle |
3.4 Indonesia Industrial wax Market - Porter's Five Forces |
3.5 Indonesia Industrial wax Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Indonesia Industrial wax Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Indonesia Industrial wax Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the manufacturing sector in Indonesia, leading to increased demand for industrial wax. |
4.2.2 Expansion of the automotive and construction industries, which are key users of industrial wax. |
4.2.3 Rising disposable income and urbanization driving demand for consumer goods, which also use industrial wax. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in industrial wax production. |
4.3.2 Environmental concerns and regulations related to the use and disposal of industrial wax. |
4.3.3 Competition from alternative materials and substitutes in certain industrial applications. |
5 Indonesia Industrial wax Market Trends |
6 Indonesia Industrial wax Market, By Types |
6.1 Indonesia Industrial wax Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Industrial wax Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Indonesia Industrial wax Market Revenues & Volume, By Fossil-based wax, 2021-2031F |
6.1.4 Indonesia Industrial wax Market Revenues & Volume, By Synthetic wax, 2021-2031F |
6.1.5 Indonesia Industrial wax Market Revenues & Volume, By Bio-Based wax, 2021-2031F |
6.2 Indonesia Industrial wax Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Industrial wax Market Revenues & Volume, By Candles, 2021-2031F |
6.2.3 Indonesia Industrial wax Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.4 Indonesia Industrial wax Market Revenues & Volume, By Coatings & Polishes, 2021-2031F |
6.2.5 Indonesia Industrial wax Market Revenues & Volume, By Hot-melt Adhesives, 2021-2031F |
6.2.6 Indonesia Industrial wax Market Revenues & Volume, By Tires & Rubber, 2021-2031F |
6.2.7 Indonesia Industrial wax Market Revenues & Volume, By Cosmetics & Personal Care, 2021-2031F |
7 Indonesia Industrial wax Market Import-Export Trade Statistics |
7.1 Indonesia Industrial wax Market Export to Major Countries |
7.2 Indonesia Industrial wax Market Imports from Major Countries |
8 Indonesia Industrial wax Market Key Performance Indicators |
8.1 Average selling price of industrial wax products. |
8.2 Percentage of industrial wax used in key industries such as manufacturing, automotive, and construction. |
8.3 Number of new product developments or innovations in the industrial wax sector. |
9 Indonesia Industrial wax Market - Opportunity Assessment |
9.1 Indonesia Industrial wax Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Indonesia Industrial wax Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Indonesia Industrial wax Market - Competitive Landscape |
10.1 Indonesia Industrial wax Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Industrial wax Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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