Waxes are a class of chemical compounds that are plastic (malleable) near ambient temperatures. Characteristically, they melt above 45 °C (113 °F) to give a low viscosity liquid. Waxes are insoluble in water but soluble in organic, nonpolar solvents. All waxes are organic compounds, both synthetic and naturally occurring.
Its widely used in candle industry, petrolatum industry and used as finishes and coatings for wood products