LATIN AMERICA INDUSTRIAL WAX MARKET 2020-2028

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A Triton Market Research report on the industrial wax market in Latin America has determined that the industry would exhibit growth at a CAGR of 4.46%, in the forecasting period 2020-2028. The countries reviewed in the Latin American industrial wax market are: •         Mexico •         Brazil •         Rest of Latin America Several large oil-producing countries are present in the Latin American region.
Venezuela is home to the largest oil reserves in the world at over 300 billion barrels. Colombia and Argentina are the countries ranking fourth and fifth among the oil producers in Latin America.
Industrial wax is a product produced in the refinery of oil. As industrial wax is a product formed in the process of refining, these factors have broadened the scope for industrial wax production in the region in the forthcoming years.
https://www.tritonmarketresearch.com/reports/latin-america-industrial-wax-market#request-free-sample In Latin America, consumers spend mostly on hair care items, fragrances, skincare, men's grooming and color cosmetics. The beauty & personal care market in Mexico is expected to show gradual growth.
At present, it ranks third in terms of its production, generating investment of about 433 million dollars annually. Consumers are increasingly attracted to finding add-on benefits in their products as a long-term treatment.
Besides, a growing interest in natural consumption and organic products, that benefits the environment is witnessed in the country. Industrial wax is used in the development of several products used in the cosmetic industry.
Hence, the growth in the cosmetic sector will consequently fuel the demand for industrial wax in the region, thereby pushing the market growth in the coming years. Established in 1882, ExxonMobil Corporation is an oil & gas company involved in the production of crude oil and natural gas, production of petroleum products and transportation & marketing of natural gas, crude oil and petroleum products.
In addition, the company manufactures and markets commodity petrochemicals. The company has major operations in the Americas.
 Some of the eminent players of the industrial wax are ExxonMobil Corporation, Numaligarh Refinery Limited, The International Group Inc, Evonik Industries AG, Royal Dutch Shell Plc (Shell International BV), HCI Wax (Hong Chang International), The Blayson Group Ltd, Lukoil (PJSC Lukoil), Sinopec Corp (China Petrochemical Corporation) and Sasol Limited. Source: Free Articles from ArticlesFactory.com We are a leading market research company providing you with syndicated market insights, customized research reports and cost-effective consulting services for constructive decision making..