Carnauba Wax Market 2018: Business Research Trends, Industry Analysis by Carnaúba do Brasil, Tropical Ceras do Brasil, Foncepi Comercial Exportadora Ltda, Pontes Indústria de Cera Ltda | Forecast 2025

The Carnauba Wax Market is predicted to garner lucrative market share by 2025, while registering itself at a significant compound annual growth rate (CAGR) during the forecast period. The interest for chewy confectionery, for example, chewing gums and jellies, majorly in Asia Pacific by virtue of expanded consumption by the youth, is anticipated to support the interest for carnauba wax over the figure time frame. The major parts of manufacturers are based out of Brazil because of the wide availability of raw materials in the area. The raw material providers are associated with the extraction of the wax from the leaves of the Brazilian palm tree at an area outside to wax processing and filtering. The processing and filtering of the wax do not affect the capital, prompting low cost of setup for the makers in the space. The extraction and handling prompt a higher work cost as it is labor intensive.

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Carnauba Wax Market Competitive Insights:
The leading players in the market are Carnaúba do Brasil, Tropical Ceras do Brasil, Foncepi Comercial Exportadora Ltda, Pontes Indústria de Cera Ltda and Brasil Ceras. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

Carnauba Wax Market Product Analysis:
In 2015, type 1 represented over USD 92 million. It is the purest type of the product and has popularity in specialty applications such and food and pharmaceutical products. It is majorly utilized in the manufacturing of premium automotive wax formulations, which are utilized for upgrading the shine of automotive bodies and enhancing their appearance. Expanding interest for the product in fruit coatings is anticipated to drive the interest for the product. Type 3 and type 4 waxes have a dark color and discover use in car applications, leather tanning industry, and industrial polishes.

Carnauba Wax Market Application Analysis:
The food industry represented more than 18% of the worldwide income because of the developing usage of carnauba wax in fruit coatings and confectionery. Expanding demand for such products by virtue of developing discretionary income combined with developing inclination towards high value, wax treated foods is anticipated to drive the request over the figure time frame. The automotive application represents a major share of the business by virtue of appeal premium shine wax.

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Carnauba Wax Market Regional Analysis:
The demand is anticipated to be restricted in North America and Europe because of high market development. The interest for the product is foreseen to be driven by expanding utilization of automotive care waxes. The development of the automotive care sector by virtue of expanding sales of cars combined with the rising sales of pre-used autos is probably going increase the demand for the product. The development is anticipated to be driven by the increasing usage of the product in Asia Pacific attributable to rapid industrialization, which is prompting the advancement of different application ventures in the area.

Table of Contents:
1. Introduction
1.1. Report Description

2. Executive Summary
2.1. Key Highlights

3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
...CONTINUED FOR TOC

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Data Mining:
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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