Wax Emulsion Market Size 2021, share, Industry Growing Rapidly with Recent Demand, Trends, Development, Revenue and Forecast to 2027
Market Scenario:
The Synthetic Wax Emulsions segment is the most
widely used material base in the market due to its growing consumption in heavy
end-use industries such as paints & coatings, adhesives & sealants,
cosmetics, and others. Moreover, durability, wear resistance, and long life is
the major factors behind the popularity of this segment.
The Polyethylene Wax emulsion Market is
the leading type used in the market and is anticipated to observe a rapid
growth due to an increased demand for ink formulations, cable wires, and other
applications. Moreover, excellent fabric softening point mechanical properties,
abrasion, and chemical resistance are some of the properties offered by the
product in the industry.
The paints & coatings is the leading application
in which emulsifiers are used and anticipated to observe a rapid growth due to
boundless consumption of Wax Emulsions mixtures in floor polishes, ink
formulations, and others. Moreover, the textile segment is expected to witness
a rapid growth in the sector due to extensive consumption of emulsifiers in
designing and production of textiles in the industry.
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Competitive Analysis:
Some of the major players functioning in the Global
Wax Emulsion Market are BASF SE (Germany), NIPPON SEIRO CO., LTD (Japan),
ALTANA (Germany), Sasol Limited (South Africa), The Dow Chemical Company
(U.S.), Exxon Mobil Corporation ( U.S.), Momentive (U.S.), michelman, Inc.
(U.S.), the Lubrizol Corporation (U.S.), and Danquinsa GmbH (Germany) among
others.
Market Segmentation:
The Global Wax Emulsion Market is segregated into
the material base, type, and application. On the basis of the material base,
the market is further categorized into synthetic and natural segments. On the
basis of the type, the market is segmented into polyethylene, paraffin,
carnauba, and polypropylene segments. On the basis of the application, the
market is classified into paints & coatings, adhesives & sealants,
cosmetics, textiles, and others.
Regional Analysis:
The Global Wax Emulsion Market is spanned across
five key regions: Asia Pacific, North America, Europe, Latin America, and the
Middle East & Africa. Among these, Asia Pacific holds the major portion of
the global market and is anticipated to continue its dominance due to rising
demand for Wax Emulsions in various applications. Countries such as China,
Japan, and India are the major players in this region. The North American region
is estimated to witness a higher growth in the U.S., Canada, and Mexico owing
to increasing demand for wax emulsifiers in cosmetics, healthcare, packaging,
and others. The growing innovation in research & development activities and
technological advancement have driven the manufacturers to use wax mixture
product in the end-use industries. Owing to these factors, the market is
expected to witness a significant growth in Germany, the U.K, and Italy.
The Middle East & Africa is estimated to observe
a significant growth due to increasing consumption of wax materials in paints
& coatings, adhesives & sealants, cosmetics, textiles, and others.
Additionally, the growing demand for smoothing and anti-scuff agents in major
industries is projected to boost the market in the Latin American region.
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