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Global Emulsifying Wax Market Share, Size, Analysis, Growth, Report, Forecast: By Type: Natural, Synthetic; By Application: Automotive Industry, Construction, Agriculture, Papermaking Industry, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Emulsifying Wax Market Outlook
The global emulsifying wax market size attained a value of USD 2.79 billion in 2023. The market is further expected to grow at a CAGR of 4.4% between 2024 and 2032, reaching a value of USD 4.10 billion by 2032.
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Key Trends in the Market
Emulsifying wax refers to a type of wax material which is used for emulsifying purposes and is produced by treating an oil or wax material with a detergent. Acting as an emulsifier to stabilise emulsions, it is typically in the form of a white, solid, and waxy substance. Emulsifying wax is derived from petroleum or vegetable oils and is often used as a coating in automotive and construction sectors to protect components the wax is used upon.
- Emulsifying wax applications are gaining traction in the automotive sector to manufacture automotive paints and coatings and to provide a smooth polished look in order to boost the aesthetic appeal of vehicles. Hence, the increasing sale of luxury passenger and commercial vehicles is fuelling the emulsifying wax market growth.
- In the construction sector, emulsifying wax is widely used to manufacture numerous building materials such as waterproof gypsum boards and oriented strand boards. In this regard, the expanding construction sector across developing economies, supported by rapid urban development, is aiding the emulsifying wax market.
- Increasing research and development into new products of emulsifying wax and production techniques are key trends in the market that are expected to support the market growth. New products and techniques are likely to further expand the applications of emulsifying wax, lower production costs, and enhance capabilities of emulsifying wax further.
Emulsifying Wax Market Analysis
Based on type, the market is segmented into natural and synthetic. On the basis of application, the market is classified into automotive industry, construction, agriculture, and papermaking industry, among others. The regional markets for emulsifying wax are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global emulsifying wax market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Strahl & Pitsch, Inc.
- Koster Keunen
- Kelly Chemical Corporation
- VVF India Ltd
- Godrej Industries
- Eastern Petroleum Pvt Ltd
- Spectrum Chemical MFG Group
- Croda International Plc
- Others
Emulsifying Wax Market Share by Type
The synthetic segment, based on type, accounts for a healthy share of the emulsifying wax market. Synthetic emulsifying wax is used as a base ingredient for manufacturing various products such as paints and coatings, personal care products, and several construction components. The production of synthetic emulsifying wax involves set processes and measurements due to which there is greater standardisation in end results and consistent products. Due to the limited risk of variations in synthetic emulsifying wax, it is considered more suited for large volume production of down-stream products, which is further bolstering the segment growth of synthetic emulsifying wax.
Emulsifying Wax Market Share by Region
Based on region, the Asia Pacific is likely to be a fast-growing market for emulsifying wax in the forecast period, owing to the increasing demand from end use sectors. Increasing demand for automotive production and maintenance, particularly for vehicles with high sheen and lustre are increasing the demand for emulsifying wax. The robust agricultural sector in the region, bolstered by an increasing population and heightening food demands, are further surging the usage of emulsifying wax and driving the growth of the emulsifying wax market. In agriculture, emulsifying wax is commonly used as a film on seedlings, shrubs, and shrubs, to prevent moisture loss and protect the crops.
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Competitive Landscape
Strahl & Pitsch, Inc. is a leading producer of waxes for personal care and cosmetics, and pharmaceutical and nutraceutical industries. The waxes produced by this company cater to the demands of household and industrial sectors, with a product portfolio that includes beeswax, carnauba wax, candelilla wax, and food grade wax. It was founded in 1904 and is headquartered in New York, United States.
Koster Keunen is a renowned company which specialises in the development, processing, and manufacturing of high-quality ingredients such as waxes, emulsifiers, esters, and their derivatives. The product portfolio of this company includes synthetic waxes, natural waxes and butters, petrochemical waxes, and organic waxes, among others. The company was established in 1852 and is currently based out of Connecticut in the United States.
Kelly Chemical Corporation is a leading manufacturer of surface technology and surface chemicals with a vast product portfolio that includes coatings, adhesives, inks, surface treatment solutions, electronics, lubricants, platings, electronic chemicals, and packaging solutions. The establishment of this company took place in 1965 and is headquartered in Taipei, Taiwan.
Other market players include VVF India Ltd, Godrej Industries, Eastern Petroleum Pvt Ltd, Spectrum Chemical MFG Group, and Croda International Plc, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Emulsifying Wax Market Analysis
8.1 Key Industry Highlights
8.2 Global Emulsifying Wax Historical Market (2018-2023)
8.3 Global Emulsifying Wax Market Forecast (2024-2032)
8.4 Global Emulsifying Wax Market by Type
8.4.1 Natural
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Synthetic
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Emulsifying Wax Market by Application
8.5.1 Automotive Industry
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Construction
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Agriculture
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Papermaking Industry
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Emulsifying Wax Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Emulsifying Wax Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Emulsifying Wax Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Emulsifying Wax Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Emulsifying Wax Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Emulsifying Wax Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyers Powers
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Strahl & Pitsch, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Koster Keunen
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Kelly Chemical Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 VVF India Ltd
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Godrej Industries
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Eastern Petroleum Pvt Ltd
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Spectrum Chemical MFG Group
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Croda International Plc
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
17 Key Region and Application to Target
18 Pricing Strategies
19 Innovations
List of Key Figures and Tables
1. Global Emulsifying Wax Market: Key industry Highlights, 2018 and 2032
2. Global Emulsifying Wax Historical Market: Breakup by Chemistry (USD Million), 2018-2023
3. Global Emulsifying Wax Market Forecast: Breakup by Chemistry (USD Million), 2024-2032
4. Global Emulsifying Wax Historical Market: Breakup by End Use Industry (USD Million), 2018-2023
5. Global Emulsifying Wax Market Forecast: Breakup by End Use Industry (USD Million), 2024-2032
6. Global Emulsifying Wax Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Emulsifying Wax Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Emulsifying Wax Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Emulsifying Wax Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Emulsifying Wax Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Emulsifying Wax Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Emulsifying Wax Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Emulsifying Wax Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Emulsifying Wax Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Emulsifying Wax Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Emulsifying Wax Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Emulsifying Wax Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Emulsifying Wax Market Structure
Key Questions Answered in the Report
The market reached a value of USD 2.79 billion in 2023.
The market is estimated to grow at a CAGR of 4.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 4.10 billion by 2032.
The increasing applications of emulsifying wax to manufacture construction components, and rising sales of luxury commercial and passenger vehicles are the major drivers of the market.
The rising usage of emulsifying wax in agriculture and development of new and improved emulsifying wax products are the key trends in the market.
Natural and synthetic are the primary types of emulsifying wax in the market.
Automotive industry, construction, agriculture, and papermaking industry, among others, are the major applications of the market.
Emulsifying wax effectively moisturises skin and acts as a stabiliser. It enhances the creaminess of skincare products which makes the skin softer and attractive.
The major regional markets for emulsifying wax are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Strahl & Pitsch, Inc., Koster Keunen, Kelly Chemical Corporation, VVF India Ltd, Godrej Industries, Eastern Petroleum Pvt Ltd, Spectrum Chemical MFG Group, and Croda International Plc, among others, are the key players in the emulsifying wax market, according to the report.
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