Market Research Future Published a Half-Cooked Research Report on Global Wax Emulsion Market - Forecast to 2025
Market Synopsis:
Emulsified Wax is witnessing rising applications across different industry verticals. Market Research Future (MRFR) has revealed in its latest study that the Global Wax Emulsion Market is anticipated to exhibit steady but constant growth across the projection period 2017 to 2023. The market is prognosticated to scale decent valuation by 2023.
The key advantages offered by the product such as abrasion resistance, matting, lubricant, anti-blocking, and water repellency are expected to catapult the Wax Emulsion Market on upward trajectory. Also, increasing applications in end-user industries such as paints & coatings, adhesives, etc. are poised to have a positive impact on market growth.
The rising consumption of personal care products is another factor expected to push the demand for Wax Emulsion in the forthcoming years. Increasing purchasing power, coupled with urbanization, is projected to boost revenue creation over the next few years.
Competitive Dashboard:
The noted participants of the Wax Emulsion Market profiled in this MRFR report are NIPPON SEIRO CO., LTD (Japan), BASF SE (Germany), The Dow Chemical Company (U.S.), Sasol Limited (South Africa), Exxon Mobil Corporation ( U.S.), Michelman, Inc. (U.S.), Momentive (U.S.), the Lubrizol Corporation (U.S.), ALTANA (Germany), and Danquinsa GmbH (Germany).
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Market segmentation:
On the basis of Material Base, the Global Wax Emulsion Market has been bifurcated into natural and synthetic. The synthetic segment is projected to exhibit strong growth rate owing to its high demand from end-user industries such as paints & coatings, sealants, & adhesives, etc.
The Wax Emulsion Market, by Type, has been segmented into paraffin, polyethylene, carnauba, and polypropylene segments. Among these, the polyethylene segment is currently leading the market growth and is expected to retain the dominant share of the market in the foreseeable future. The growth can be ascribed to increasing demand from the textile industry. In addition, the paraffin wax segment is projected to expand at a higher CAGR owing to rising applications in packaging, and food & beverage industries.
By Application, the Global Wax Emulsion Market has been segmented into paints & coatings, adhesives & sealants, cosmetics, textiles, and others. The paints & coatings segment is expected to demonstrate a robust growth pattern over the assessment period. Also, the textiles segment is projected to expand significantly in the years to come.
Regional Analysis:
The Global Wax Emulsion Market, by Region, has been segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa (MEA). Asia Pacific is poised to hold the maximum market share over the projection period. The growth of the construction industry is likely to reflect on the growth pace of the market in the region. Increasing demand from the paints & coatings industry is anticipated to propel the proliferation of the regional Wax Emulsion Market over the next few years. China, Japan, and India are prognosticated to emerge as the most prominent sub-markets of the region.
North America is primarily benefitting from the increasing use of emulsified wax in cosmetics, and packaging. Injection of investments in end-user industries is poised to propel the expansion of the Wax Emulsion Market over the next couple of years. The growing consumption of personal care products such as lipsticks and ointments is projected to favor market growth in the forthcoming years. The U.S, Canada, and Mexico are likely to scale considerable CAGRs during the assessment period.
European market is being driven by the law mandating the use of emulsified wax in place of solvents. It is expected to support the market’s expansion in the years to come. Latin America and the Middle East & Africa are also poised to demonstrate substantial growth in the years to come.
Browse Key Industry Insights spread across 138 pages with 47 market data tables & 12 figures & charts from the report, “Wax Emulsion Market Information: By Source (Natural and Synthetic), Type (Paraffin Wax, Carnauba Wax, Polyethylene Wax, Polypropylene Wax and others), Application (Paints & Coatings, Adhesives & Sealants, Cosmetics, Textiles and others) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2025” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/wax-emulsion-market-5035
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