Industry Background:
A candle wick is generally braided cotton that holds the flame of an oil lamp or candle. A candle wick works by capillary action and transports ("wick effect") the fuel to the flame. When the liquid fuel, typically melted candle wax, reaches the flame, it vaporizes and burns. The wick of the candle affects how the candle burns. Important properties of the wick are diameter, stiffness, fire resistance, and connection. Candle wicks are usually made of braided cotton. Wicks are sometimes braided flat so that when they burn they curl up again in the flame and thus consume themselves. Prior to the introduction of these wicks, special scissors were used to cut the excess wick without putting out the flame. Large diameter wicks typically result in a larger flame, a larger pool of melted wax, and faster candle burn. On tea lights, the wick is tied to a piece of metal so it doesn't float on top of the melted wax and burn before the wax does. Wicks can be made of a material other than string or string such as wood, although they are rare.This growth is primarily driven by Growing Adoption of Candle Wicks in Home Decor
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Goods sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Candlewic (United States), Candles and Supplies (United States), Candle Science (United States), GloryBee (United States), Cosy Owl (United Kingdom), All Seasons Wax Company (Australia), Atkins and Pearce (United States), Candle Deli (South Africa), Abelo (Denmark) and Canwax (Canada), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations.
Influencing Trend:
Changing The Lifestyle Of People In Growing Economies and Availability of Discounted Candle Wicks on E-Commerce Websites
Market Growth Drivers:
Growing Adoption of Candle Wicks in Home Decor, Availability of Candle Wicks with Robust Distribution Channels, Growing Urbanization and Increasing Disposable Incomes and Increasing Use of Candle Wicks to Enhance the Surrounding View
Challenges:
Less Durable Products
Restraints:
Presence of Many Local Competitors
Opportunities:
Rising Department, Mass Merchandise Retailers, and Home Decor Stores and Low Cost of Products
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Candle Wicks Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Candle Wicks Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Candle Wicks players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Candle Wicks Study Sheds Light on
The Candle Wicks Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Candle Wicks industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Candle Wicks industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.