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Global Carnauba Wax Market: Drivers and Restraints
Increasing inclination of consumers towards naturally-derived products is driving the market for carnauba wax. Carnauba wax is hypo allergic in nature and easy to swallow hence finds extensive use in pharmaceutical industry for pills coating. As food & beverage industry is under continuous innovation, product such as carnauba wax that exhibit excellent emulsifying properties and binding capacity for oils, are gaining traction. Moreover, due to its high melting point and glossy characteristics it is becoming a desired natural additive choice among manufacturers of cosmetic industry for manufacturing of lip balms, lipsticks, mascaras among others. Thus, broad spectrum applicability of carnauba wax is propelling the market growth. Moreover, due to its hardness and viscosity modifier properties, it is extensively used as polish wax in automobile industry. Carnauba wax is gaining traction among consumers over the bee wax due to broad base of application hence accelerating the market growth.
However, the tropical variety of carnauba wax may cause some side effects such as skin rash, contact dermatitis, inflammation of hair follicle. Thereby, restraining the growth of carnauba wax market. Moreover, owing to less commercialisation, carnauba wax market offers low profitability margins to the manufacturers across the globe.
Global Carnauba Wax Market: Region wise Outlook
The global carnauba wax market is categorised into seven regions, namely, Western Europe, Eastern Europe Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ), Japan, Latin America and North America. Brazil accounts for the major share of the market as carnauba wax is exclusively cultivated in the North-eastern Brazil. Asia pacific region is considered to be prominent segment for growth due to opportunistic investment and manufacturing hub for various industries under which carnauba wax finds extensive use. North America exports its major share of carnauba wax from Brazil.
Global Organic Hair Care Market: Key Players
Some of the prominent players identified in the global carnauba wax market includes:
- Strahl & Pitsch, Inc.
- Poth Hille & Co Ltd
- Koster Keunen, LLC.
- Calwax
- Kahl GmbH & CO. KG
- Frank B. Ross Co., Inc.
- Akrochem Corporation
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The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil and Rest of Latin America)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
- Eastern Europe (Poland, Russia and Rest of Eastern Europe)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, and Rest of MEA)
On the basis of end-use, carnauba wax market is segmented into:-
- Food & Beverages
- Automobiles
- Personal Care
- Pharmaceutical
- Others
On the basis of source, carnauba wax market is segmented into:-
- Natural
- Organic
On the basis of form, carnauba wax market is segmented into:
- Powder
- Flakes
- Pellet
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint