Wax Emulsion Market Scope
Wax emulsion is a mixture of two or more waxes in the water. Water and wax cannot be mixed hence surfactants and a clever preparation process used to mix wax and water properly. There are two types of the mechanism of action of wax emulsions including the blooming mechanism and the ball bearing mechanism. The availability of the raw material for wax emulsion can reduce the overall cost of the manufacturing process and no closer alternative present for war emulsion are the factors that have been supplementing overall growth of the market. Additionally, low labor cost and low initial investment for a wax emulsion are fueling the market. However, intense competition among established in the operating market and continuously fluctuation in the prices of crude oil is the limiting factors for the market. Moreover, Increasing Demand from Cosmetics and Construction Industries is Likely to Grow Market in the Coming Years
The market study is being classified by Type (Polyethylene, Paraffin, Polypropylene, Carnauba and Others), by Application (Paints and Coatings, Adhesives and Sealants, Cosmetics, Textiles and Others) and major geographies with country level break-up. According to AMA, the Global Wax Emulsion market is expected to see growth rate of 4.12% and may see market size of USD3.58 Billion by 2024.
The Vendors having a strong hold in the market are BASF SE, Nippon Seiro Co., Ltd., Atlanta AG, Sasol Ltd., The Dow Chemical Company. Research Analyst at AMA predicts that United States, Asian and European Vendors will contribute to the maximum growth of Global Wax Emulsion market throughout the predicted period.
BASF SE (Germany), Nippon Seiro Co., Ltd. (Japan), Atlanta AG (Germany), Sasol Ltd. (South Africa), The Dow Chemical Company (United States), Exxon Mobil Corp. (United States), Momentive Performance Chemical Inc. (United States), Michelman Inc. (United States), Lubrizol Corporation (United States) and Danquinsa GmbH (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Kansai Nerolac Paints (India), Asian Paints (India), Procter & Gamble (United States) and Aero Group (United States).
AdvanceMarketAnalytics has segmented the market of Global Wax Emulsion market by Type, Application and Region.
On the basis of geography, the market of Wax Emulsion has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In May 2017, H&R GROUP has developed new wax emulsion technology for the wood panel named as Vivashield ASA 750. The new innovation has wide range of application in particleboard and MDF manufacturing plants. The new innovation may create a new opportunity for the market.
“Food contact materials are regulated under the EU Framework Regulation EC 1935/2004 on materials and articles intended to come into contact with food. In principle waxes can be regulated under this framework. Waxes that are part of a polymer material or made from polymers themselves are regulated under EC 1282/2011 on plastic materials. Yet, for all other food contact materials no specific regulation on waxes has been enacted in the EU” and “In the US, waxes used in food contact materials are regulated in the Code of Federal Regulations,Title 21 on food and drugs, part 174 to 180. As such, paraffins (synthetic) are authorized as adhesives and coatings in §175.250 (21 C.F.R. 175.250) with certain specifications. Petroleum waxes, synthetic petroleum wax and reinforced wax are permissible in food contact materials as adjuvants, production aids and sanitizers if they meet certain specifications including a ultraviolet absorbance limit (CFR, 21, 175.3710/3720/3850).”
- Increasing Use of Wax Emulsion for Anti-blocking, Slip & Mobility, Abrasion Resistance, Water Repellency, Touch & Feel, Matting Agent and Black Heel marks
- High Availability of Raw Material and no closer alternative present for War Emulsion
- Low Labor cost and low initial investment for Wax Emulsion
- Growing Demand for Additives, Sealants, Paints, Coatings, and Packaging across the Globe
- Increasing Demand from Cosmetics and Construction Industries is Likely to Grow Market in the Coming Years
- Intense Competition Among Established in the Operating Market
- Continuously Fluctuation in the Prices of Crude Oil
Key Target Audience
Wax Emulsion Providers, Wax Emulsion Manufacturers, Raw Material Suppliers, Distributors and Suppliers, Private Research Organization, Government Agencies, Investors and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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