Wax emulsion market growth at a rate of 4.1%in the forecast period of 2021 to 2029 and estimated to reach USD 2.79 billion by 2029 Size, Share, Trends

Data Bridge Market Research analyses that the wax emulsion market was valued at USD 2.02 billion in 2021 and is expected to reach the value of USD 2.79 billion by 2029, at a CAGR of 4.1% during the forecast period.

Market Overview

Wax emulsions are stable mixtures of multiple waxes that are evenly distributed in water. As they are liquids, they are simple to incorporate into ink and coating formulations. Wax emulsions have particle sizes less than 1 m, they can be mixed homogeneously with other ingredients in ink and coating formulations. Wax emulsions are used to alter the surface properties of coatings by altering the surface free energy. They're used to make wood coatings, metal coatings, paper, film, and foil coatings, architectural coatings, concrete coatings, ink, primers, and plastic coatings.

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Wax emulsion Market Dynamics

Drivers

• Advancement in food packaging techniques is augmenting market growth

Paraffin wax emulsion is increasingly being used in packaging and food applications such as special decorative paper and cardboard boxes used to transport food, the manufacture of bottle corks, and others. This factor is expected to drive the potential market's growth in the coming years. Players in the wax emulsion market are poised to capitalise on this opportunity.

• Use of wax emulsions as a substitute to paper and plastics

The wax emulsion market is expanding due to rising environmental concerns and the use of paper as a substitute for plastics. The wax emulsion is added to the coating mixture in paper coatings to reduce dusting during calendaring, increase water repellence, improve flexibility, and raise gloss. When used as sizing in paper, wax emulsion prevents aqueous solutions like ink from soaking into the paper and paperboard.

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