Microcrystalline Wax Market Sales to Cross US$ 1.10 Bn by the end of 2026

Microcrystalline Wax Market 2022

The estimated value of the microcrystalline wax market in 2018 is US$ 810.4 Mn, which is expected to expand at a CAGR of 3.9% and reach US$ 1.10 Bn by the end of 2026. In addition, the microcrystalline wax market is projected to create an incremental $ opportunity worth US$ 291.9 Mn during the forecast period.

Request for Free Sample Copy of Microcrystalline Wax Market Report@https://www.persistencemarketresearch.com/samples/24613

Persistence Market Research has rolled out a new market research report titled "Microcrystalline Wax Market: Global Industry Analysis 2013 - 2017 and Forecast 2018 - 2026", which examines the microcrystalline wax market and offers critical insights for the next eight years. Based on the findings specified in the report, the market is expected to witness rising demand from increasing end-use sectors and growing cosmetics as well as pharmaceutical industries. These factors are projected to drive the global microcrystalline wax market.

Key Companies- 

• Indian Oil Corporation Ltd
• Calumet Specialty Products Partners, L.P.
• Sonneborn LLC
• Koster Keunen
• Kerax Limited
• The International Group, Inc
• Asian Oil Company
• CEPSA
• Nippon Seiro Co., Ltd.
• Sasol
• MOL Group
• HollyFrontier Refining & Marketing LLC
• Others.

Complete Report Details@https://www.persistencemarketresearch.com/market-research/microcrystalline-wax-market.asp

Microcrystalline Wax Market Forecast

The global microcrystalline wax market is estimated to grow 1.3X during the forecast period in correlation with pharmaceutical, packaging and cosmetics production.

• By region, North America, followed by Europe and China, is projected to dominate the global microcrystalline wax market over the forecast period. Moreover, China, followed by the SEA & Pacific region, is estimated to remain the most opportunistic region in the microcrystalline wax market. In terms of value, China is projected to create an incremental $ opportunity worth US$ 60.7 Mn in the global microcrystalline wax market during the forecast period.

• By application type, the packaging segment dominates the market with a value of US$ 222.2 Mn in 2018. The pharmaceutical segment is projected to account for 13.7% of the market value share in the global microcrystalline wax market during the forecast period. In terms of growth, the cosmetics segment is projected to grow with a modest growth rate in the global microcrystalline wax market during the latter half of the forecast period.

• By product form, the slabs segment is projected to dominate the global microcrystalline wax market with a year-over-year growth rate of 3.4% in 2018. Additionally, the pellets segment is projected to account for more than a 41.9% share in the global microcrystalline wax market.

• By grade, the flexible grade segment is projected to dominate the global microcrystalline wax market over the forecast period. In terms of volume, the demand for flexible grade microcrystalline wax in adhesives is projected to reach 556.7 Mn by the end of 2026.

Buy Now this Report@https://www.persistencemarketresearch.com/checkout/24613

Key Questions Answered in the Global Microcrystalline Wax Report
• How has the microcrystalline wax market evolved in the last four years?
• What shape will the microcrystalline wax market take, in terms of volume and value, during the study period?
• What are the prevailing market dynamics in the microcrystalline wax market?
• What are some of the important developments and trends being witnessed in the microcrystalline wax market?
• What are some of the underlying macro-economic and industry factors impacting the growth of the microcrystalline wax market?
• Which are the key challenges, opportunities and improvement factors for microcrystalline wax market players?
• What are some of the market positioning and key strategies of key manufacturers as per the market taxonomy?
• How has the competition structured and evolved in the microcrystalline wax market over the past few years?

About us: -

Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

Contact Us:

Persistence market research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

Germany Office:
Persistence Market Research
Potsdamer Platz 10 Haus 2, 5th Floor Berlin,
Germany 10785
Call +1 888-863-4084

This release was published on openPR.