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Carnauba Wax Market 2018 to 2023 | Application, Types & Regional Analysis
Carnauba Wax Market 2018 to 2023 focus on business Intelligence for revenue-generating processes, market research future illustrated some of the typical ways that is used to improve key revenue generation processes. Fundamentally, Carnauba Wax market analysis, new technology, scope, stake, progress, trends and opportunities are about using detailed and specific business information about client.
The global carnauba wax market is spanned across five regions of the world namely, Latin America Asia Pacific, North America, Europe, and the Middle East & Africa. Asia Pacific holds the major share of the global market and is projected to be the fastest growing market owing to the increasing consumption of carnauba wax in the food and beverage, and personal care industry among others. Moreover, the growing per capita disposable income in the developing region has augmented the demand for home care and personal care products, which is another factor contributing to the growth of the market.
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In addition to this, the growing car sale in the region has augmented the use of car care products, in turn, fuelling the market of carnauba wax in the region. The Latin American region is expected to witness a considerable growth during the forecast years. This growth is mainly attributed to the growing production and export of carnauba wax in the region. Some of the major companies operating in the region are Concept commercial exportadora ltda, Carnauba do Brasil, Pontes industrial de Cera ltda, and Tropical Ceras do Brasil Ltda among others.
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 – 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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