Global Wax Emulsion Market: Overview
Wax emulsion usually refers to the oil immiscible in water concept. A stable mixture of a single or more than one wax in the water is created usually above the melting temperature of the wax. The wax is usually immiscible in water but after the use of surfactants, the wax emulsion is made possible. Wax is actually immiscible in water but can be made stable using certain surfactants. The wax has a huge impact on the various processes or formulations which increase its use for a number of applications.
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Global Wax Emulsion Market: Growth Factors
The rising demand for paints, printing inks, textiles, construction, cosmetics, coatings, floor polishes, adhesives, sealants, and packaging industries is likely to propel the global wax emulsion market. The properties of the wax emulsified products such as water resistance, abrasion resistance, anti-blocking, chemical stability, and eco-friendly nature fuel its sales in the various regions which in turn boost the global market. The growing demand for the wax emulsion products mainly in the construction industries and the developing regions help the wax emulsion market expand globally.
Global Wax Emulsion Market: Segmentation
The global wax emulsion market is bifurcated based on the type, end-user industry, and material base. The type segment is bifurcated into polypropylene, carnauba, paraffin, polyethylene, and others. The end-user industry segment is divided into cosmetics, adhesives and sealants, paints and coatings, textiles, and others. The material base segment is categorized into natural, semi-synthetic, and synthetic material bases. The paint and coatings and polyethylene segments are expected to help the global wax emulsion market grow.
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Global Wax Emulsion Market: Regional Analysis
Asia-Pacific leads the global wax emulsion market. The increasing demand for wax emulsion products in the various industries such as adhesives & sealants as well as paints & coatings is expected to fuel the growth of the wax emulsion market in the Asia-Pacific region. The growth in the industrialization in the above region is mainly due to the low cost of labor and high investments that attributes to the global market growth. The emerging markets such as China, India, and Australia are highly attractive due to the easy availability of raw materials and low labor cost. The other regions such as North America and Europe are also maturing in terms of wax emulsion market. The Middle East and Africa and Latin America show slow growth and import rates owing to low wax emulsion product consumption in those regions.
Global Wax Emulsion Market: Competitive Players
The major companies expected to dominate the global wax emulsion market include Atlanta AG, BASF SE, Sasol Ltd., The Dow Chemical Company, Nippon Seiro Co. Ltd., Exxon Mobil Corp., Danquinsa GmbH, Lubrizol Corporation, Momentive Performance Chemical Inc., and Michelman Inc. The other players in the global market are HRD Corporation, The Darent Wax Company Ltd., Clariant, and Kemie Industries. These major players have started adopting strategies such as collaborations, agreements, partnerships, and new product launch for obtaining a high position in the global wax emulsion market.
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Global Wax Emulsion Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.