Wax Emulsion Market Size, Share 2021| Major Company Analysis by Manufacturing Base & Product Type |on Growth Insights and Future 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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