Montan Wax Market 2022 | Scope of Current and Future Industry 2027

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Global Montan Wax Market: Drivers and Restraints

The global montan wax market is primarily driven by the growth in the end-use industry. The excellent physiochemical properties of the montan wax and available at cheap cost when compared to other waxes such as, carnauba wax, beeswax etc. further strengthens the consumption of montan wax. According to FDA, the montan wax is considered to be suitable and safe as a lubricant in the production of plastic food containers. In food application, montan wax helps in maintaining the freshness of the fruits. The growing demand from fruit vendors, drives the global montan wax market. Demand from an industrial point of interest is intense as montan wax meets the technical requirements. The demand for processing of engineering plastics where montan wax serves as an excellent lubricant and effectively reduces the cycle time, is one of the major driving force for global montan wax market. Some of the important advantages of montan wax which generates demand and helps in driving the market are the improvement in the mould release and flow properties, limited or no product loss, improvement in the dispersion of matrix and end product properties.

Global Montan Wax Market:  Region wise Outlook

The global montan wax market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA). The montan wax in Western Europe market is matured and stable with the presence established players such as ROMONTA GmbH, VÖLPKER SPEZIALPRODUKTE GMBH etc. In European countries, the montan wax is widely used in various applications such as cosmetics, dyes, polishes, mould releasing agents etc., where the dark coloured crude montan wax is bleached giving light colour which increases the application area. The business acquisitions in the European market is prominent where the players are trying to consolidate the market. For instance, in 2015, the Völpker Spezialprodukte GmbH, one of the prominent and oldest company in montan wax production acquired the montan wax business of BASF SE with an objective to strengthen its market position in Europe market. North America montan wax market is expected to grow at healthy CAGR during the forecast period, owing to the lignite production as well as consumption in the region. The montan wax market in APEJ is majorly dominated by the countries such as China and India owing to the robust presence of end use industries.

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Global Montan Wax Market:  Key Players

Some of the prominent players identified in the global montan wax market include:

• ROMONTA GmbH
• VÖLPKER SPEZIALPRODUKTE GMBH
• Calwax Corporation
• Paramelt B.V.
• Clariant Corporation

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

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, Argentina)
• Western Europe (Germany, Italy, U.K, Spain, France, Nordic, Rest of Western Europe)
• Eastern Europe (Russia, Poland)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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