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Carnauba Wax Market Booming Trends, Strategy, Revenue Generation |Top 10 Key Players & Forecast to 2023
Carnauba Wax
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Intended Audience
• Carnauba wax market manufacturers
• Traders and Distributors of Carnauba wax market
• Production process industries
• Potential investors
Carnauba Wax Market- Top 10 Global key Players & Their Strategy
Some of the prominent players operating in the global carnauba wax market are Strahl & Pitsch (U.S.), Poth Hille & Co Ltd (U.K), Koster Keunen, LLC (Netherland), Calwax (U.S.), Kahl GmbH & CO (Germany), KG, Frank B. Ross Co (U.S.), Akrochem Corporation (U.S), Foncepi comercial exportadora ltda (Brazil), Carnauba do Brasil (Brazil), Pontes industria de Cera ltda (Brazil), and Tropical Ceras do Brasil Ltda (Brazil) among others.
Carnauba Wax Market – Overview / Study Objective / Synopsis
Carnauba wax is known as palm wax, and Brazil wax. It is a class of wax that is obtained naturally from the palm Copernicia prunifera, which is a native plant form the Brazilian states of Piaui, Marnhoa, Ceara, Bahia, and Rio Grande do Norte. It is a hard and yellow-brown flake in its normal and pure state. Carnauba wax is considered to be the hardest form of natural wax.
Carnauba Wax Market – Competitive Analysis
The growing usage in end-use industries coupled with the growing inclination towards the use of natural products are the major factors driving the global carnauba wax market. Carnauba wax is used in the coating of pharmaceutical pills, as emulsifying agents in food and beverages, and also in the production of lip balm, lipsticks, and mascaras and other cosmetic and personal care products. The advantages such as durability and high melting point make it ideal for many applications such as cosmetics & personal care, pharmaceuticals, automobiles and others. Carnauba wax differs from normal wax in terms of its potential oil retaining capacity, glossy characteristics, and swells when exposed to water.
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Carnauba Wax Market – Regional Analysis
The carnauba wax market is segmented across five regions: Europe, Latin America, Asia Pacific, North America and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing market during the forecast years. The growing urbanization and industrial development in the developing nations are the major factors driving the growth of the carnauba wax market.
Moreover, adoption rate in the food and beverage industry along with the growing demand for cosmetic & personal products is expected to have a positive impact in the growth of the market. Furthermore, with the increasing working population, the demand for on-the-go food products are augmenting in the region which in turn is adding to the market growth due to the extensive use of carnauba wax as food emulsifiers.
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