02 August 2021
Visiongain has published a new report on Carnauba Wax Market Report to 2031: Market Analysis, by Form (Powder, Flakes, Other Form) Market Analysis, By Source (Natural, Organic, Other Sources), Market Analysis, by Application (Food & Beverages, Pharmaceuticals, Personal care, Automotive, Others Application) PLUS COVID-19 Impact Analysis and Recovery Pattern Analysis (V-shaped, W-shaped, U-shaped, L-shaped) Profiles of Leading Companies, Region and Country.
Visiongain has estimated that the total market for Carnauba Wax would be around $xx million in 2020 and is projected to grow at a CAGR of xx% during the forecast period 2021-2031. Carnauba wax is acquired from the leaf of the carnauba palm tree. The demand for chewy confectionery such as jellies and chewing gums, primarily in Asia Pacific on account of increased consumption by youth population, is expected to bolster the demand for carnauba wax over the forecast period.
Why carnauba wax products are gaining tractions in the global market?
Carnauba wax has various applications, including food, cosmetics, car and furniture wax, semiconductor moulds and dental floss coating. Carnauba wax has excellent properties in the emulsification of ester and mineral oils and an excellent oil-binding capacity. It also increases the melting point for gels that are used as preferred additives in lipsticks, lip balm and mascara. The surfaces are slender and luminous. Carnauba wax is a tablet-coating agent in the pharmaceutical industry that contributes to the devastation. In addition, the most common industrial application of carnauba wax is to improve instruments, towers, mechanics and floors.
The Usage Of Carnauba Wax In Various Cosmetics Has Grown In Recent Years
The usage of Carnauba Wax in various cosmetics, as well as culinary products, is sometimes mixed with some chemical solvents. Increasing understanding of the detrimental health impacts of synthetic chemicals in carnival wax encourages consumers to go towards their healthier alternative solutions. In contrast to its common replacements such as sunflower wax, candella wax and beeswax, carnauba wax is also significantly more costly. Leading market players introduce unique goods including herbal, organic, vegan-friendly, and halal carnauba wax to fulfill dynamic consumer demand and supply the natural carnauba wax. Also, it helps producers to keep their expansion in carnauba wax market healthy, by gaining several certifications such as the Halal certificate, the Kosher certificate and BSI (British Standards Institution).
Glossy Properties Of Carnauba Wax Increase Its Demand For Items Like As Lip Balms, Lip-Glosses, Moisturizers For Skin
Glossy properties of carnauba wax increase its demand for items like as lip balms, lip-glosses, moisturizers for skin and for other eye-making products, including cosmetics and personal care. Far more than 3 billion potential consumers are offered in Asian leading countries like China, Japan, India and Australia, which show lucrative possibility for cosmetics makers. Many of the applications of carnauba wax in the cosmetic sector are coming on leading producers on the carnauba wax market. In blooming segments of the ethnic beauty industry, Carnauba wax makers implement tactics to take up commercial opportunity.
While Carnauba Wax Is The Food Industry Which Accounts For The Highest Share
While carnauba wax is the food industry which accounts for the highest share of revenues, carnauba wax applications play a key part in the sector. Carnauba Wax is often used as a car care polish because of its high melting point and shiny characteristics. The growth of the carnauba wax market will probably be driven by an increased demand for car waxes based with carnauba oil. In addition to the food and automotive industries, carnauba wax is used in many other industries, notably in the pharmaceutical and cosmetics sector.
Key Questions Answered in the Report
• What can be the best investment options for new product and service lines?
• In order to make new research and development funding, what value proposals should businesses target?
• Which rules will enhance the supply chain network for stakeholders?
• In which regions in certain segments the demand may mature in the near future?
• What are some of the best cost optimization strategies with suppliers with which some well-trained players succeed?
• What are the key prospects for moving companies into a new growth path? C-suite?
• What regulations in government could challenge the status of key regional markets?
• How will the emerging political and economic scenario affect chances in key fields of growth?
• In different segments, what are the value-taking opportunities?
• How are new players on the market going to prevent entry?
Leading companies and the potential for market growth
FONCEPI- Comercial Exportadora Ltda.
Carnauba do Brasil Ltda
Tropical Ceras Do Brasil Ltda.
Pontes Industria de Cera ltda.
Strahl & Pitsch, Inc.
Kahl GmbH & Co.
KG Norevo GmbH.
Koster Keunen Holland
ASI Custom Chemical Blending & Packaging Inc.
Roger A. Reed, Inc.
From Nature With Love
Plastic Process Equipment, Inc.
So Clean Solutions
Spectrum Chemical Mfg. Corp.
The comprehensive report offers market estimation and forecast for the period ranging 2021 – 2031 for leading national markets and rest of the world. Moreover, the report contains dedicated leading companies covering 10 leading producers in the field of Carnauba Wax.
The Carnauba Wax Market Report 2021-2031 report will be of value to anyone who wants to better understand the market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the industry.
Notes for Editors
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