The Europe wax market size reached around USD 2.56 Billion in 2024. The market is projected to grow at a CAGR of 2.50% between 2025 and 2034 to reach nearly USD 3.28 Billion by 2034.
Base Year
Historical Year
Forecast Year
| Europe Wax Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2024 |
| Forecast Period | USD Billion | 2025-2034 |
| Market Size 2024 | USD Billion | 2.50 |
| Market Size 2034 | USD Billion | 3.12 |
| CAGR 2018-2024 | Percentage | XX% |
| CAGR 2025-2034 | Percentage | 2.5% |
| CAGR 2025-2034 - Market by Country | Germany | 2.9% |
| CAGR 2025-2034 - Market by Country | United Kingdom | 2.6% |
| CAGR 2025-2034 - Market by Type | Natural | 3.0% |
| CAGR 2025-2034 - Market by Application | Candles | 3.3% |
| 2024 Market Share by Country | United Kingdom | 15.2% |
Europe possesses a significant candle sector, with production figures reaching 816,047 tons in 2022 and 862,167 tons in 2021. In 2023, the region imported 140,838 tons of candles. Furthermore, candle consumption in Europe for the same year was recorded at 140,838 tons. Wax plays a crucial role in the candle market, serving as the primary material that influences structure, burn quality, and fragrance release, leading to the Europe wax market expansion. The most common types of wax include paraffin, soy, and beeswax, each presenting distinct advantages. Paraffin is known for its cost-effectiveness, soy is recognised for its environmental benefits, and beeswax is valued for its natural, prolonged burn. Additionally, these waxes enhance colour and scent retention, making them particularly suitable for decorative and scented candles.
As per the Europe wax market analysis, Europe possesses a strong cosmetics sector, with estimates indicating that the cosmetics and personal care sector contributes at least 29 billion Euro in added value to the European economy each year. The leading national markets for cosmetics and personal care products in Europe include Germany, France, Italy and the United Kingdom. In the realm of cosmetics and personal care, waxes play a crucial role in enhancing product stability, texture, and moisture retention. Commonly utilised waxes such as carnauba, beeswax, and candelilla are found in creams, lip balms, and lotions, offering emollient properties and a smooth finish. Additionally, waxes assist in shaping products like lipsticks and in preventing the separation of ingredients.
Value in USD Billion
2025-2034
Europe Wax Market Outlook
*this image is indicative*
Europe wax market growth can be attributed to increasing demand for personal care and cosmetic products, expansion of candle production, and growth of the packaging sector.
The beauty and skincare sector in Europe significantly depends on waxes for various items such as lotions, creams, and lip balms. These waxes contribute to the products' texture, stability, and moisture retention, resulting in a steady demand for both natural and synthetic waxes.
One of the notable Europe wax market trends is the rising demand and production of candles in the region. The rising consumer interest in decorative and aromatherapy candles has led to a continuous utilisation of waxes such as paraffin, soy, and beeswax. This trend is propelling the market, particularly as consumers increasingly prefer eco-friendly and clean-burning candle alternatives.
As the packaging sector in Europe expands, particularly within the food and e-commerce domains, there is a growing application of waxes in moisture-resistant coatings and adhesives. This trend supports sustainable packaging initiatives and enhances the demand for both natural and synthetic waxes.
European consumers and businesses are placing a higher emphasis on eco-friendly materials, which is driving the demand for renewable waxes, such as soy and beeswax, as alternatives to petroleum-based products. This shift aligns with sustainability objectives across various sectorss, including food, cosmetics, and packaging.
The market is experiencing significant growth, propelled by increasing demand in the personal care, packaging, and candle sectors. A notable trend is the transition towards sustainable and natural waxes, including beeswax, soy, and carnauba, which resonate with Europe’s strong commitment to eco-friendly products. In the personal care sector, natural waxes are preferred for skincare and cosmetic formulations, as consumers are progressively inclined towards clean-label and plant-based alternatives, leading to the Europe wax market growth. The candle sector is also witnessing expansion, with a preference for natural waxes that offer cleaner burning and enhanced home fragrance. In the packaging sector, wax coatings are utilised for moisture resistance, particularly in food and e-commerce packaging. Furthermore, advancements in synthetic waxes for industrial uses, such as adhesives and polishes, are also playing a role in the overall growth of the market in Europe.
The EMR’s report titled “Europe Wax Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Breakup by Type
Breakup by Application
Breakup by Country
| CAGR 2025-2034 - Market by | Country |
| Germany | 2.9% |
| United Kingdom | 2.6% |
| France | XX% |
| Italy | XX% |
| Others | XX% |
Based on type, the market is segmented into mineral, synthetic, and natural. The natural segment is projected to dominate the market, representing a CAGR of 3.1% during the forecast period, leading to the Europe wax market development. Natural waxes provide environmentally friendly and biodegradable alternatives, decreasing dependence on petroleum-derived products. They are non-toxic, rendering them suitable for clean-burning candles, mild cosmetics, and sustainable industrial uses. These waxes promote choices that are beneficial for both the environment and health.
Major players in the market are emphasising on the production of eco-friendly wax to improve Europe wax market outlook.
Headquartered in Malmö, Sweden, AAK AB was established in 1871 and focuses on plant-derived oils and fats for various sectors, including personal care, food, and pharmaceuticals. The company is recognised for its commitment to sustainable practices, offering waxes suitable for food-related applications, cosmetics, and industrial purposes.
Founded in 1987 and headquartered in Madrid, Spain, Repsol S.A. operates as a global energy enterpri...
Established in 1999, Polwax S.A. is based in Jasło, Poland. The company specialises in paraffin wax...
Kerax Ltd., founded in 1962 and located in Chorley, United Kingdom, manufactures a diverse array of ...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other major players in the market are BASF SE, Shell Plc, H&R Group, Evonik Industries AG, Paramelt B.V., and HF Sinclair Corporation, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the market attained a value of nearly USD 2.56 Billion.
The market is assessed to grow at a CAGR of 2.50% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 3.28 Billion by 2034.
The major drivers of the market are increasing demand for personal care and cosmetic products, expansion of candle production, and growth of the packaging sector.
As per the EMR report, the different types of wax in the market are natural, synthetic, and mineral.
Countries considered in the market are United Kingdom, Germany, France, and Italy, among others.
The major players in the market are BASF SE, Shell Plc, H&R Group, Evonik Industries AG, AAK AB, Repsol S.A., Polwax S.A., Kerax Ltd., Paramelt B.V., and HF Sinclair Corporation, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
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+44-753-713-2163
Vietnam
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+84-865-399-124
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