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Latest Research Report on Global Carnauba Wax Market Covering Demands, Market Share, Trends Analysis and Growth Opportunities Through 2018-2027
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Carnauba oil possesses excellent dispersion characteristics and can produce a glossy finish when used as a polish. Owing to its wide range of applications in specific industrial sectors, the carnauba wax market is likely to witness steady growth in the foreseeable future. Based on the statistics published by the MDIC, the total export value of carnauba wax from Brazil may increase up to US$ 114 million by the end of 2018. United States, Germany, China, Japan, and the Netherlands were the top five countries to import carnauba wax from Brazil in 2017.
Opportunities Abound for Carnauba Wax Gains Traction in Cosmetics Industry
Glossy characteristics of carnauba wax boost its demand for producing cosmetics and personal care products such as lip balms, lip gloss, skin moisturizers, and other eye makeup products. Leading Asian countries such as China, Japan, India, and Australia offer more than 3 billion potential consumers, indicating lucrative opportunities for manufacturers in the cosmetics industry. In 2015, the Europe market for cosmetic products accounted for over US$ 87 Bn and it is likely to grow at a rapid pace in the upcoming years. Leading manufacturers in the carnauba wax market are banking on numerous applications of carnauba wax in the cosmetics industry. Carnauba wax manufacturers are adopting strategies to capture business opportunities in the flourishing segments of the ethnic beauty markets.
Kahl GmbH & Co. KG – a German wax manufacturing company – entered the cosmetic industry with its diverse product range with functional ingredients for various beauty products. The company recently launched ‘Lipstick Base 6465’, a blend of carnauba wax and oils, which is used to manufacture lipsticks with high gloss and high heat resistance. In addition, Kahl GmbH & Co. KG also collaborated with Ingretech – a leading distributor of cosmetic ingredients – as its distributor for the French market. By building a long-term partnership with Ingretech, the company aims to offer premium services and create a powerful presence in the French cosmetic market.
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Availability of Cheaper Alternatives Can Impede Demand
Carnauba wax is often combined with some chemical solvents to make it feasible for use in various cosmetic as well as food products. Increasing awareness about the negative health effects of synthetic chemical added to carnauba wax is encouraging consumers to shift to its healthier alternatives. Also, carnauba wax is much more expensive as compared to its popular substitutes such as sunflower seeds wax, Candelilla wax and beeswax. In order to meet the dynamic consumer demand and providing natural carnauba wax, leading market players are introducing innovative products such as herbal, organic, vegan-friendly, and halal carnauba wax. Also, obtaining various certifications such as the halal certificate, kosher certificate, and BSI (British Standards Institution) certification is aiding manufacturers to maintain healthy growth in the carnauba wax market.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology
Regional Segments Analyzed Include
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
Get in touch with our industry experts for this report: https://www.factmr.com/connectus/sample?flag=AE&rep_id=741
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