Wax Melts Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021- 2026

 Overview

Wax Melts Market is forecast to reach $5.2 billion by 2025, after growing at a CAGR of 12.5% during 2020-2025. Growing wax is expected to flourish in residential and commercial buildings, including offices, shopping malls, residential houses and market complexes. An additional growth factor for wax melts industry is also the availability of multiple types of fragrances coupled with attractive packaging.

Report Coverage

The report: “Wax Melts Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Wax Melts Market.



Key Takeaways

  • Market growth of wax melts is typically driven by rising emulsion demand as a major manufacturing product in the form of a liquid emulsion material. This development has an exceptional impact on several product processing and formulations as well as numerous technical applications in the textile, paper and glass manufacturing industries.
  • Home fragrance includes the major demand share in the industry. The increasing urbanization coupled with workloads have led the rise of product output and positively stimulating the wax melts market demand in upcoming years.

By Material - Segment Analysis

The main ingredients which is used to manufacture wax melts is paraffin mixtures. Due to swings in petrol prices, especially crude oil, is projected to impact the price of paraffin. Difficulties in sourcing of raw materials along with its volatile price fluctuation is somehow constraining the growth the market growth in forecast period.

Geography - Segment Analysis

In the forecast period, North America dominates the market for wax melts. It is predicted that the positive outlook for air care and aromatherapy, along with increasing consumer awareness of environmental and health threats attributable to the use of aerosol sprays, would encourage brand demand. In addition, changing lifestyles, hygiene concerns, and hectic work schedules have led consumers to use more fragrance products that are expected to increase the size of the market in the coming years. On the other hand, due to increased consumer awareness of synthetic ingredients in fragrance products, Europe is expected to forecast steady growth. In addition, harmful aerosol emissions coupled with strict regulations on the use of aerosol fresheners are anticipated over the forecast period to shift consumer preference to wax melts.

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Location: United States

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