Press release
Montan Wax Market Size & Share Outlook up to 2024
Montan wax contains a lengthy chain of alcohol and a fatty acid. It possesses excellent lubrication properties and the molecular structure exhibits good thermal stability and low volatility. It is used as a lubricant in the plastic industry, as a protective layer on fruits, as an absorbent in the paper industry, and as a coating agent in the electrical industry.
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Global Montan Wax Market: Segmentation
The global montan wax market is segmented into its type, function, application, end-use, and geography. On the basis of type, the montan wax market is divided into bleached or refined montan wax and crude montan wax. Based on function, the market is segregated into emulsifier, coating agent, processing agent, and others. On the basis of application, the market is categorized into paper, thermosets, thermoplastics, and others. Based on end-use, the market is classified into food uses which further include fruits and industrial uses which further includes electrical and electronics, chemical, paper and pulp, and plastic. On the basis of geography, the market is diversified into Latin America, Europe, North America, Asia Pacific, and the Middle East and Africa.
Global Montan Wax Market: Growth Factors
Rising demand for montan wax among the end-use industries is driving the market growth. Montan wax is available at a cheaper rate as compared to bee wax or carnauba wax and has excellent physiochemical properties. Approval of FDA to use montan wax in the production of plastic food containers will attract the manufacturers and increase their investments in the market. Advantages of montan wax such as improvement in the flow properties and mold release, limited product loss, and improvement of the product properties will increase the market demand. Montan wax is used to meet the technical requirements of the industries, to maintain freshness of fruits, and as a lubricant in the manufacturing process of plastic. Such wide range applications will highly boost the montan wax market growth.
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Global Montan Wax Market: Regional Analysis
Europe will be dominating the montan wax market. Growth can be attributed to the stability and maturity of the European market as well as the application of montan wax in dyes, cosmetics, mold releasing agents, and polishes in this region. The European market is further influenced by the presence of established market players, mergers and acquisitions among them, and the continuous innovative efforts initiated by the market players. Following the growth of Europe will be North America. Rising demand for montan wax and large scale lignite production in this region are the major growth factors in North America especially in Canada and the U.S. Presence of end-use industries will escalate the market demand for montan wax in Asia Pacific. Also, Latin America and the Middle East and Africa will contribute a considerable share to the market growth in the coming periods.
Global Montan Wax Market: Competitive Players
Some of the prominent market players in the montan wax market include ROMONTA GmbH., Calwax Corporation, VÖLPKER SPEZIALPRODUKTE GmbH., Clariant Corporation, and Paramelt B.V.
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Global Montan Wax Market: Regional Segment Analysis
North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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