Beeswax is a tough wax formed from a mixture of several compounds including: hydrocarbons 14%, monoesters 35%, diesters 14%, triesters 3%, hydroxy monoesters 4%, hydroxy polyesters 8%, acid esters 1%, acid polyesters 2%, free acids 12%, free alcohols 1%, with 6% which remains unidentified.

The main components of beeswax are palmitate, palmitoleate, hydroxypalmitate[1] and oleate esters of long-chain (30-32 carbons) aliphatic alcohols, with the ratio of triacontanylpalmitate CH3(CH2)29O-CO-(CH2)14CH3 to cerotic acid[2] CH3(CH2)24COOH, the two principal components, being 6:1.

Beeswax has a high melting point range, of 62 to 64 °C (144 to 147 °F). It does not boil in air, but continues to heat until it bursts into flame at around 120 °C (250 °F). If beeswax is heated above 85 °C (185 °F) discoloration occurs. Density at 15 °C is 0.958 to 0.970 g/cm3

Bee wax can be classified generally into European and Oriental types. The ratio of saponification value is lower (3-5) for European beeswax, and higher (8-9) for Oriental types.

Hydroxyoctacosanyl hydroxystearate can be used as a beeswax substitute as a consistency regulator and emulsion stabilizer. Japan wax is another substitute.

Beeswax is used commercially to make fine candles, cosmetics and pharmaceuticals including bone wax (cosmetics and pharmaceuticals account for 60% of total consumption), in polishing materials (particularly shoe polish), as a component of modelling waxes, and in a variety of other products. It is commonly used during the assembly of pool tables to fill the screw holes and the seams between the slates. Accordion makers use beeswax as an adhesive, when blended with pine rosin, to attach reed plates to the structure inside an accordion. Beeswax candles are preferred in most Eastern Orthodox churches because they burn cleanly, with little or no wax dripping down the sides and little visible smoke. Beeswax is also prescribed as the material (or at least a significant part of the material) for the Paschal candle ("Easter Candle") and is recommended for other candles used in the liturgy of the Roman Catholic Church.

It is also used as a coating for cheese, to protect the food as it ages. While some cheese-makers have replaced it with plastic, many still use beeswax in order to avoid any unpleasant flavors that may result from plastic. As a food additive, beeswax is known as E901 (glazing agent).

The burning characteristics of beeswax candles differ from those of paraffin. A beeswax candle flame has a "warmer," more yellow color than that of paraffin, and the color of the flame may vary depending on the season in which the wax was harvested.

Beeswax is also an ingredient in moustache wax, as well as dreadlock wax, and was used in the manufacturing of the cylinders used by the earliest phonographs.