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.
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.
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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 manufacturers
- Traders and Distributors of Carnauba wax market
- Production process industries
- Potential investors
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.
Major Points from Table of content
5 Industry Overview Of Global Carnauba Wax Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.2 Growth Trends
6.3 Impact Analysis
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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.
North America followed by Europe is expected to show steady growth during the assessment period. The developed personal care and automobile industry are the major factors driving the market of this region. Moreover, the fast-paced lifestyle and the growing working population have augmented the demand for convenience food in the region in turn adding to the growth of the market. The major growth in the carnauba wax market is attributed by Latin America. The presence of the largest reserve of carnauba wax in the region is expected to drive the market growth. The key country attributing to this growth in Brazil, and the major manufacturer of this region are Concept commercial exportadora ltda (Brazil), Carnauba do Brasil (Brazil), Pontes industria de Cera ltda (Brazil) among others.
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