Industry Background:
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
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Billion) |
Key Companies Profiled | 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) |
According to AMA, the market for Wax Emulsion is expected to register a CAGR of 4.12% during the forecast period to 2027. This growth is primarily driven by High Availability of Raw Material and no closer alternative present for War Emulsion and Low Labor cost and low initial investment for Wax Emulsion.
Globally, a noticeable market trend is evident Increasing Use of Wax Emulsion for Anti-blocking, Slip & Mobility, Abrasion Resistance, Water Repellency, Touch & Feel, Matting Agent and Black Heel marks Major Vendors, such as 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), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
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.
Regulatory Insights:
“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).”
Influencing Trend:
Increasing Use of Wax Emulsion for Anti-blocking, Slip & Mobility, Abrasion Resistance, Water Repellency, Touch & Feel, Matting Agent and Black Heel marks
Market Growth Drivers:
High Availability of Raw Material and no closer alternative present for War Emulsion and Low Labor cost and low initial investment for Wax Emulsion
Challenges:
Continuously Fluctuation in the Prices of Crude Oil
Restraints:
Intense Competition Among Established in the Operating Market
Opportunities:
Growing Demand for Additives, Sealants, Paints, Coatings, and Packaging across the Globe and Increasing Demand from Cosmetics and Construction Industries is Likely to Grow Market in the Coming Years
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Wax Emulsion Market
- Analysis about New Entrants in Wax Emulsion Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Wax Emulsion Study Sheds Light on
The Wax Emulsion Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Wax Emulsion industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Wax Emulsion industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.