The Artificial and Prepared Waxes (Of Polyethylene Glycol) market per capita in Singapore stood at $0.87 in 2023, reflecting a gradual downward trend from previous years. Notably, from 2013 to 2023, the value peaked at $1.12 in 2014 and reached its lowest at $0.76 in 2020. Year-on-year variations in the last two years showed a decrease, with a -1.11% in 2022 and a -2.25% in 2023. The Compound Annual Growth Rate (CAGR) over the last 5 years indicates a declining trend, emphasizing reduced consumption or production efficiency.

Future trends to watch for include:

Innovation in wax applications that may increase demand.
Environmental regulations impacting production methods and market availability.
Potential shifts due to increased focus on sustainability and renewable sources.