Producer
The International Group, Inc. (IGI)
Major maker of refined paraffin, soy and specialty waxes incl. candle-blend waxes.
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Candle waxes
Cosmetic & personal-care waxes
Packaging & food waxes
Industrial waxes
Intelligence
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Did you know2024
IGI is a wax company, and wax turns out to be one of the most quietly versatile materials in the consumer economy. The same refined paraffin and specialty waxes IGI blends into candles also go into cosmetics and personal care (lip balm, lotions, mascara), food coatings (the rind on a wax-coated cheese, confectionery and chewing-gum base), packaging (the wax that waterproofs corrugated boxes and wax paper), crayons, PVC and rubber processing lubricants, hot-melt adhesives, and — strikingly — investment-casting wax, the pattern wax used in the lost-wax process to cast everything from jewelry to jet-engine turbine blades. So one wax maker sits under candles, cosmetics, food, packaging and precision metal casting at the same time. The same humble material lights a dinner, coats a cheese, balms a lip and shapes a turbine blade — an extraordinary spread hidden behind "wax."
The International Group, Inc. ↗Concentration2024
Wax also sits at a quiet supply pinch point because most paraffin is a byproduct of crude-oil refining — it is extracted from the lube-oil stream — and as refineries optimize their configurations and crude slates away from making wax, the supply of refinery paraffin has been tightening for years. At the same time, candle and cosmetic buyers are shifting toward "natural" soy and vegetable waxes, which ties wax demand to soybean agriculture instead. IGI blends both, so it straddles the petroleum world (declining paraffin) and the agricultural world (soy wax), and its product mix tracks both consumer sustainability preferences and the shrinking availability of refinery-derived wax. A candle on a shelf therefore embodies a petroleum-versus-agriculture sourcing choice, with a single blender bridging two very different and separately stressed raw-material supply chains.
The International Group, Inc. ↗