The global was valued at USD 9,351.32 Million in 2020, and it is expected to reach a value of USD 12,741.27 Million by 2027, at a CAGR of 4.52% over the forecast period (2020 - 2027). The increasing demand for wax is driven by the growing requirement in various industries because of its outstanding characteristics such as high gloss, good water repellency, and superior chemical resistance. The market is highly fragmented in nature owing to the major involvement of multinationals with rapid expansion, product innovation, and diversification. To preserve in this competitive market, companies are sustainable strategic planning and execution programs so as to increase their operational efficiency and increase market reach globally. ©