AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Sunflower Wax market - Global outlook to 2026". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Sunflower Wax market to grow at a CAGR of %.
The End User, such as Cosmetics, is boosting the Sunflower Wax market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Sunflower Wax market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Growing Use of Organic Cosmetics Owing To Potential Health Benefits That They Offer and Wide Availability of Raw Material Such As Sunflower Oil.
Sunflower wax is crystalline and hard having high melting point vegetable wax obtained from winterization of organic vegetable oil, i.e. sunflower oil. The growing demand for organic vegetable wax solution has led to its wide application which ranges from food, cosmetic, and pharmaceutical. The wide availability of the raw material sunflower seeds/oil is the major factor attributing to the growth of the very market. Further increasing applications of sunflower wax in cosmetic production and decorative industry for candle manufacturing expected to drive the demand for the sunflower wax over the forecasted period.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Sunflower Wax market by Type (Functional Ingredients, Specialty Additives and Active Ingredients), by Application (Lipsticks, Mascaras, Emulsions, Hair Care and Others) and major geographies with country level break-up that includes 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). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market