MIDDLE EAST AND AFRICA INDUSTRIAL WAX MARKET 2020-2028

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A Triton Market Research report on the industrial wax market in the Middle East and Africa depicts that the industry is likely to expand at a CAGR of 4.56% during the estimated period 2020-2028. The countries scrutinized in the Middle East and Africa market are: •         Saudi Arabia •         Turkey •         United Arab Emirates •         South Africa •         Rest of Middle East & Africa In Turkey, there has been an increase in packaging consumption in the past few years.
The growing population and standard of living, diversification of consumer goods, rapid urbanization, rise in women laborers and the escalating export business are the key factors in fueling the demand for packaging products. The Turkish packaging industry has proliferated in the last decade and, at present, has become an enormous sector.
The growth of this segment can also be contributed to the changing shopping habits, especially in large cities, owing to the presence of department stores, supermarkets and hypermarkets. https://www.tritonmarketresearch.com/reports/middle-east-and-africa-industrial-wax-market#request-free-sample Rising advertisements of consumer products, lucrative point-of-purchase packaging and the booming canned & frozen food industry, growing apparel and disposable medical supplies, all require packaging.
Besides, the increasing exports are also aiding the expansion of the packaging industry. Industrial wax finds its applications in the packaging sector.
Hence, the growth of this sector is expected to boost the industrial wax demand and, thereby, the growth rate over the forecasted years. Due to the rising population of young consumers, increasing disposable incomes of the consumers, growing markets for consumer products and the escalating local economic state, the packaging market in South Africa is likely to witness an extraordinary growth.
Industrial wax is used increasingly in the packaging industry. Hence, with the growth in the packaging sector, there will also be growth in the industrial wax market in the country.
Sasol Limited is a leading chemicals and energy company. The company provides a wide range of products, including chemicals, low-carbon electricity and liquid fuels.
The company operates in the business units, namely mining and exploration & production international. The company operates about six coal mines that supply feedstock for its Sasolburg and Secunda complexes in South Africa.
 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..