I don't believe it is a wax. It is a polymer coating much the same as Nu-Finish and Rejex. It is also very much the same as the overpriced "Lifetime" paint sealant that you pay hundreds for on a new car or trailer. Even though it is touted as a lifetime coating it needs to be "checked" and re-applied every year...Lifetime???..it should work as good as any of the polymer coatings. I have had very good luck with Rejex as well as the less expensive Nu-Finish..
B.O.