Wax Emulsion Market Sales Revenue 2019, Emerging Technologies, Key Players Analysis, Development Status, Opportunity Assessment and Industry Expansion Strategies 2023
Global Wax Emulsion Market Research Report by Material Base (Natural, Synthetic), Type (Polyethylene, Paraffin, Carnauba, Polypropylene), Application (Paints & Coatings, Adhesives & Sealants, Cosmetics, Textiles) – Forecast till 2023
Pune, India – March 27, 2019 /MarketersMedia/ —
Segmentation:
The Global Wax Emulsion Market is segmented into Material Base, Type and Application.
On the Basis of the Material Base, the market is further classified into synthetic and natural segments.
On the Basis of the Type, the market is sub-divided into polyethylene, paraffin, carnauba, and polypropylene segments.
On the Basis of the Application, the market is further segregated into paints & coatings, adhesives & sealants, cosmetics, textiles, and others.
Competitive Analysis:
Some of the well-known players operating 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.
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Regional Analysis:
Wax Emulsion are used in diverse applications, which are capable of offering good wetting and emulsifying properties to the final product and also provides excellent performance in alkaline systems. Thus, they are used in various applications such as paints & coatings, adhesives & sealants, cosmetics, textiles, and others. The Global Wax Emulsion Market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the global market and is projected to continue leading owing to the increasing consumption of polyethylene wax emulsions in the paints & coatings, textiles, adhesives & sealants industries, and others. It is estimated that the paints & coatings segment is set to observe the highest CAGR in the market due to the growing use of Wax Emulsions to improve the performance and increase the life cycle of the product. Moreover, the increasing demand for synthetic Wax Emulsions in packaging and health care sectors have propelled the market to witness a rapid growth during the forecast period. These factors have led to China, India, and Japan to be the major players of this region.
The North American market is expected to grow at a higher CAGR due to extensive consumption of synthetic Wax Emulsions in the textiles, health care, and others industries. The U.S., Canada, and Mexico have achieved a significant place in the market due to the growing investments in the end-use industries. Therefore, the growing demand for water based emulsion in major sectors are estimated to drive the market during the forecast period.
A notable development is achieved in Europe due to the growing demand for emulsifiers in cosmetics, adhesives & sealants, paints & coatings, sectors, and others. The rapid urbanization coupled with technology have propelled the market to witness a higher growth. Thus, countries such as Germany, the U.K, and Italy are the major contributors to this market.
A considerable development is predicted in the Latin American region such as in Brazil, Uruguay, and Argentina due to the growing consumption of wax emulsions in paints & coatings, adhesives & sealants, and packaging sectors. Moreover, a rapid development is estimated in the Middle East & African region such as Qatar, the U.A.E, and others due to increasing demand for wax mixtures in major industries.
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