insightSLICE published a new report, titled, " Wax Market " The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

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Scope of the Report:

To offer granularity, the study accurately screens through and validates various information pertaining to this business vertical including the important definitions, product types, and application. The research further looks into other critical factors such as investment feasibility, estimated return on investment, supply chain management, consumption power, product pricing and import and export status to enable business owners to reach the right conclusion for successful returns. Data on core competencies to the prominent market players and market opportunities are presented through self –explanatory charts, tables and graphic images.

Increase in awareness about the environment, shifts in the preferences to local experiences, and people's interest in exploring new cultures, and cuisine drive the growth of global Wax market. However, the factors that can hamper the growth of Wax are government policies, lack of investment, resources, and high cost on travel. Even so, Wax can grow in the future with the increase of this type of tourism. Some governments are also providing help for the development of Wax.

Market segmentation by geographical regions, the report has analysed the following regions-    

• North America (U.S. and Canada)
• Europe (Germany, UK, France, Italy, Spain, and Rest of Europe)
• Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific),
• LAMEA (Middle East, Brazil, and Rest of LAMEA)

The key market players profiled in the report include - BASF SE, BP PLC, China National Petroleum Corporation, Evonik Industries AG, Exxon Mobil Corporation, HollyFrontier Corp., Honeywell International Inc., International Group, Inc (IGI), Lukoil Company, Mitsui Chemicals, Nippon Seiro Co., Ltd., Petro-Canada Lubricants Inc., Petroleo Brasileiro S.A. (Petrobras), Petróleos de Venezuela, S.A. (PDVSA), Royal Dutch Shell plc, Sasol Wax, Sinopec Limited, and Total S.A.

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COVID-19 Scenario Analysis:

○ The novel COVID-19 has heavily impacted the tourism industry.

○ Restriction on travel and transportation has caused heavy losses for the global destinations and hotels.

○ Due to COVID-19 there is a risk of 200 million job loss in tourism in future.

○ According to UNWTO stats shows tourist arrival decreased by 22% in Q1 2020.

○ Travel and tourism play an important role in the country’s GDP but due to COVID pandemics, GDP has decreased.

Key Benefits of the Report:

♦ This study presents the analytical depiction of the global Wax industry along with the current trends and future estimations to determine the imminent investment pockets.

♦ The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Wax market share.

♦ The current market is quantitatively analyzed from 2021 to 2031 to highlight the global Wax market growth scenario.

♦ Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

♦ The report provides a detailed global Wax market analysis based on competitive intensity and how the competition will take shape in coming years.

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About Us:

We are a team of research analysts and management consultants with a common vision to assist individuals and organizations in achieving their short and long term strategic goals by extending quality research services. The inception of insightSLICE was done to support established companies, start-ups as well as non-profit organizations across various industries including Packaging, Automotive, Healthcare, Chemicals & Materials, Industrial Automation, Consumer Goods, Electronics & Semiconductor, IT & Telecom and Energy among others. Our in-house team of seasoned analysts holds considerable experience in the research industry.

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