What is Microcrystalline Wax Market?
Microcrystalline waxes are mixtures of solid, purified, mainly branched chain, saturated microcrystalline hydrocarbons, monocyclic and polycyclic compounds as well as normal alkanes. They have higher molecular weights. Microcrystalline waxes have less volumetric change during solidification than paraffin waxes have. They are added to modify the softening and melting ranges of the wax and to make it behave in a harder and more brittle or softer and more pliable manner. Microcrystalline waxes are produced by means of elaborate refining techniques such as distillation, crystallization and de-oiling during the processing of petroleum. Microcrystalline waxes are produced by refining crude oils.
The market study is being classified, by Application (Cosmetic, Pharmaceutical, Packaging, Rubber, Electronics and Others [Chewing Gum, Candles, Inks]) and major geographies with country level break-up.
CEPSA (Spain), Sasol (South Africa), Sonneborn (United States), Alfa Chemical Ltd (United Kingdom), Alpha Wax (Netherlands), British Wax Ltd (United Kingdom), Clarus Specialty Product (United States), Strahl Pitsch Inc (United States), Frank B Ross Co Inc. (United States) and Nippon Seiro Co. Ltd (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Arjun Beeswax Industries (India) and The International Group Inc. (Canada).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Microcrystalline Wax market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Microcrystalline Wax market by Type, Application and Region.
On the basis of geography, the market of Microcrystalline Wax 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Designer Candles
- Growing Demand for Cosmetic Products
- Increasing Preference for the Natural Waxes
- Availability of Alternatives for Wax
- Increasing Demand of Automobile in Emerging Economies
- Volatility in Prices of Crude Oils
Market Leaders and some development strategies
On February 1, 2019 - HollyFrontier has acquired Sonneborn. Sonneborn has been setting global industry standards by offering specialty products as one of the world’s largest dedicated suppliers of white oils, petrolatums and waxes. With the addition of Sonneborn, HollyFrontier, itself, becomes a leading global supplier of specialty products.
Key Target AudienceManufacturers of Microcrystalline Wax, Suppliers of Microcrystalline Wax, Wholesalers, Distributors and Retailers of Microcrystalline Wax, Packaging Industry, Cosmetic Industry, Pharmaceutical Industry and Governmental Bodies