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Micronized Wax Market is expected to remain strong, with a CAGR of 4.0% over 2018-2028

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The change during the COVID-19 pandemic has upgraded our reliance on trend setting innovations, for example, augmented reality, virtual reality, and the industrial internet of things. The unfulfilled money related targets are convincing the associations to embrace robotization and cutting edge innovations to remain ahead in the market rivalry. Organizations are using this open door by distinguishing day by day operational needs and teaching robotization in it to make a computerized framework as long as possible.

Persistence Market Research delivers key insights on the global micronized wax market, in its latest report titled, ‘Micronized wax Market: Global Industry Analysis 2013–2017 and Forecast 2018–2028′. The global demand for micronized wax is expected to remain strong, with a CAGR of 4.0% over 2018-2028.

According to the National Candle Association (NCA), the United States represents a massive demand for candles, including candle accessories by U.S households. Growing population and consumers’ class in emerging as well as developing economies will support the demand of waxes/hydrocarbons.

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Further, the main increase in consumption will come from the transportation sectors in developing countries. This increased demand for hydrocarbons is led by changing lifestyles, globalization, and industrialization, worldwide. As a result, the global micronized wax market is estimated to experience significant growth over the forecast period.

Furthermore, the growing transportation and trade of packaged foods will create significant growth opportunities for the packaging industry during the forecast period. Hard paraffin and micronized wax mixtures with plastics and resins are used for coatings, contact adhesives, and impregnations used in packaging to ensure the extensive life of fruits/foods.

Micronized wax protects fruits and food grains from moisture, thereby keeping them fresh and safe for a longer duration. Thus, the demand for micronized wax is expected to increase due to the growing demand from the food packaging industry in the coming years.

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Micronized Wax Market: Segmentation Analysis

Micronized Wax Market Analysis by Product Type

On the basis of product type, the micronized wax market is segmented into natural wax and synthetic wax. Synthetic wax can be further divided into polyethylene wax, polypropylene wax, polyamide, polytetrafluoroethylene wax, and Fischer-Tropsch wax.

Natural wax includes carnauba wax, and other types of waxes such as beeswax and micronized sugarcane wax. Leading players in the market provide almost all the products for micronized wax to various end users. Synthetic wax is projected to be one of the most lucrative segments throughout the forecast period.

Micronized Wax Market Analysis by Application

On the basis of application, the micronized wax market is segmented into adhesives, paints and coatings, printing inks, plastics, building material, packaging, and tires & rubbers. The market for paints & coatings is growing at a steady pace, in light of the increasing demand from the building & construction and automotive sectors, primarily.

Protective coatings are playing a key role in the finishing processes of a large number of consumer and industrial products, imparting surface protection against scratches, impact resistance, corrosion protection, and improved appearance characteristics. The adhesives segment is anticipated to be a major factor driving the demand for micronized wax over the forecast period.

There has been a decent rise in the use of micronized wax-based adhesives, owing to their excellent stability, strength, and resistance. Such factors are expected to significantly boost the growth of the global micronized wax market during the forecast period.

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Micronized Wax Market Analysis by Region

From a regional perspective, Europe is estimated to account for a dominant market share in the global micronized wax market, owing to the positive outlook for adhesives, and paints & coating applications. Europe is projected to hold a share of ~24.0% in the global micronized wax market during the forecast period.

The market in China is anticipated to expand at a relatively higher growth rate, owing to the increasing demand for paints and coatings, and adhesives, for the development of new infrastructure and buildings, and from the automotive industry, among others, which, in turn, is projected to drive the demand for micronized wax. The micronized wax market in China is expected to be the most lucrative market, and is projected to grow at a CAGR of 4.9% during the forecast period.

Company Profiles

BASF SE
The Lubrizol Corporation
Honeywell International Inc.
Clariant AG
Sasol
Shamrock Technolgies Inc.
Deuteron GmbH
Micro Powders Inc.
Ceronas GmbH & Co. KG
Polyten Inc.
Linvest GmbH
Weezenbeek

1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. Market Analysis by Segment
1.4. PMR Analysis and Recommendations
1.5. Wheel of Fortune

2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition

3. Market Overview
3.1. Wax Market Overview
3.2. Global Petroleum Wax Outlook
3.3. Global GDP Growth Outlook
3.4. Macro-Economic Factors
3.4.1. Global Packaging Industry by Product
3.4.2. Global Packaging Industry by region
3.4.3. World Plastic Production
3.4.4. Global Paints and Coatings Industry Overview
3.4.5. Global Flexographic Printing Inks Market Overview
3.4.6. Global Hot Melt Adhesives Market Overview
3.4.7. Global Oil Production by Region
3.4.8. Global Construction Spending Overview
3.4.9. Global Population, 2005 – 2021F
3.4.10. Global Pharmaceutical Industry Outlook
3.5. Market Dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Trends
3.6. Porter’s Five Force Analysis
3.7. Forecast Factors: Relevance and Impact
3.8. Supply Chain Analysis

4. Global Micronized Wax Market Analysis 2013–2017 and Forecast 2018–2028
4.1. Introduction
4.1.1. Market Volume Analysis
4.1.2. Global Average Pricing Analysis
4.1.3. Market Size and Y-o-Y Growth
4.1.4. Absolute $ Opportunity

5. Global Micronized Wax Market Analysis 2013–2017 and Forecast 2018–2028 by Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size (US$ Mn) and Volume (TONS) Analysis by Product Type, 2013 – 2017
5.3. Current Market Size (US$ Mn) and Volume (TONS) Forecast by Product Type, 2018 – 2026
5.3.1. Natural Wax
5.3.1.1. Carnauba Wax
5.3.1.2. Others
5.4. Synthetic Wax
5.4.1.1. Polyethylene
5.4.1.2. Polypropylene
5.4.1.3. PTFE
5.4.1.4. Polyamide
5.4.1.5. Fischer-Tropsch
5.5. Market Attractiveness Analysis by Product Type
5.6. Market Absolute $ Opportunity Analysis by Product Type

6. Global Micronized Wax Market Analysis 2013–2017 and Forecast 2018–2028 by Application
6.1. Introduction / Key Findings
6.2. Historical Market Size (US$ Mn) and Volume (TONS) Analysis by Application, 2013 - 2017
6.3. Current Market Size (US$ Mn) and Volume (TONS) Forecast by Application, 2018 - 2028
6.3.1. Adhesives
6.3.2. Paints & Coatings
6.3.3. Printing Ink
6.3.4. Plastics
6.3.5. Building Materials
6.3.6. Packaging
6.3.7. Tire & Rubber
6.4. Market Attractiveness Analysis by Application
6.5. Market Absolute $ Opportunity Analysis by Application

7. Global Micronized Wax Market Analysis 2013–2017 and Forecast 2018–2028 by Region
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Mn) and Volume (TONS) Analysis by Region, 2013 - 2017
7.3. Current Market Size (US$ Mn) and Volume (TONS) Forecast by Region, 2018 - 2028
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Middle East & Africa
7.3.5. South East Asia & Pacific
7.3.6. China
7.3.7. Japan
7.4. Market Attractiveness Analysis by Region
7.5. Market Absolute $ Opportunity Analysis by Application

8. North America Micronized Wax Market Analysis 2013–2017 and Forecast 2018–2028
8.1. Introduction
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2013 - 2017
8.4. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2018 - 2028
8.4.1. by Country
8.4.1.1. U.S.
8.4.1.2. Canada
8.4.2. by Product Type
8.4.3. by Application
8.4.4. by Region
8.5. Market Attractiveness Analysis
8.5.1. by Country
8.5.2. by Product Type
8.5.3. by Application
8.5.4. by Region
8.6. Market Trends
8.7. Key Market Participants - Intensity Mapping
8.8. Drivers and Restraints - Impact Analysis

9. Latin America Micronized Wax Market Analysis 2013–2017 and Forecast 2018–2028
9.1. Introduction
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2013 - 2017
9.4. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2018 - 2028
9.4.1. by Country
9.4.1.1. Brazil
9.4.1.2. Mexico
9.4.1.3. Rest of Latin America
9.4.2. by Product Type
9.4.3. by Application
9.4.4. BY Region
9.5. Market Attractiveness Analysis
9.5.1. by Country
9.5.2. by Product Type
9.5.3. by Application
9.5.4. by Region
9.6. Market Trends
9.7. Key Market Participants - Intensity Mapping
9.8. Drivers and Restraints - Impact Analysis

10. Europe Micronized Wax Market Analysis 2013–2017 and Forecast 2018–2028
10.1. Introduction
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2013 - 2017
10.4. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2018 - 2028
10.4.1. by Country
10.4.1.1. Germany
10.4.1.2. Italy
10.4.1.3. France
10.4.1.4. U.K.
10.4.1.5. Spain
10.4.1.6. Benelux
10.4.1.7. Russia
10.4.1.8. Poland
10.4.1.9. Rest of Europe
10.4.2. by Product Type
10.4.3. by Application
10.4.4. by Region
10.5. Market Attractiveness Analysis
10.5.1. by Country
10.5.2. by Product Type
10.5.3. by Application
10.5.4. by Region
10.6. Market Trends
10.7. Key Market Participants - Intensity Mapping
10.8. Drivers and Restraints - Impact Analysis

CONTACT:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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