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The Wax Market to grow at a CAGR of 3.24% from 2022 to 2027|Growing demand for synthetic and bio-based waxes to boost market growth

The wax market is estimated to grow by USD 1,723.06 million between 2022 and 2027 exhibiting a CAGR of 3.24%, according to Technavio. APAC is estimated to contribute 39% to the growth of the global market during the forecast period. In the APAC region, China, Malaysia, India, and Indonesia are the main consumers of wax. The development of the packaging industry in China and India has led to increased use of natural and synthetic waxes, contributing to China's rise to a leading position in the ma ....

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