Micronized Wax Market Will Exhibit a Steady 4.0% CAGR Through 2028 - Persistence Market Research

NEW YORK, May 21, 2019 /PRNewswire/ -- Persistence Market Research delivers key insights on the global micronized wax market, in its latest report titled, 'Micronized wax Market: Global Industry Analysis 2013–2017 and Forecast 2018–2028'. The global demand for micronized wax is expected to remain strong, with a CAGR of 4.0% over 2018-2028.

According to the National Candle Association (NCA), the United States represents a massive demand for candles, including candle accessories by U.S households. Growing population and consumers' class in emerging as well as developing economies will support the demand of waxes/hydrocarbons.

Further, the main increase in consumption will come from the transportation sectors in developing countries. This increased demand for hydrocarbons is led by changing lifestyles, globalization, and industrialization, worldwide. As a result, the global micronized wax market is estimated to experience significant growth over the forecast period.

Get PDF Brochure for Research Insights at: https://www.persistencemarketresearch.com/samples/20971

Furthermore, the growing transportation and trade of packaged foods will create significant growth opportunities for the packaging industry during the forecast period. Hard paraffin and micronized wax mixtures with plastics and resins are used for coatings, contact adhesives, and impregnations used in packaging to ensure the extensive life of fruits/foods.

Micronized wax protects fruits and food grains from moisture, thereby keeping them fresh and safe for a longer duration. Thus, the demand for micronized wax is expected to increase due to the growing demand from the food packaging industry in the coming years.

Micronized Wax Market: Segmentation Analysis

Micronized Wax Market Analysis by Product Type

On the basis of product type, the micronized wax market is segmented into natural wax and synthetic wax. Synthetic wax can be further divided into polyethylene wax, polypropylene wax, polyamide, polytetrafluoroethylene wax, and Fischer-Tropsch wax.

Request a TOC of Report: https://www.persistencemarketresearch.com/methodology/20971

Natural wax includes carnauba wax, and other types of waxes such as beeswax and micronized sugarcane wax. Leading players in the market provide almost all the products for micronized wax to various end users. Synthetic wax is projected to be one of the most lucrative segments throughout the forecast period.

Micronized Wax Market Analysis by Application

On the basis of application, the micronized wax market is segmented into adhesives, paints and coatings, printing inks, plastics, building material, packaging, and tires & rubbers. The market for paints & coatings is growing at a steady pace, in light of the increasing demand from the building & construction and automotive sectors, primarily.

Protective coatings are playing a key role in the finishing processes of a large number of consumer and industrial products, imparting surface protection against scratches, impact resistance, corrosion protection, and improved appearance characteristics. The adhesives segment is anticipated to be a major factor driving the demand for micronized wax over the forecast period.

Request For Full Report Access: https://www.persistencemarketresearch.com/checkout/20971

There has been a decent rise in the use of micronized wax-based adhesives, owing to their excellent stability, strength, and resistance. Such factors are expected to significantly boost the growth of the global micronized wax market during the forecast period.

Micronized Wax Market Analysis by Region

From a regional perspective, Europe is estimated to account for a dominant market share in the global micronized wax market, owing to the positive outlook for adhesives, and paints & coating applications. Europe is projected to hold a share of ~24.0% in the global micronized wax market during the forecast period.

The market in China is anticipated to expand at a relatively higher growth rate, owing to the increasing demand for paints and coatings, and adhesives, for the development of new infrastructure and buildings, and from the automotive industry, among others, which, in turn, is projected to drive the demand for micronized wax. The micronized wax market in China is expected to be the most lucrative market, and is projected to grow at a CAGR of 4.9% during the forecast period.

Browse Research Release at @ https://www.persistencemarketresearch.com/market-research/micronized-wax-market.asp

Micronized Wax Market: Vendor Insights

The report highlights some of the main companies that are operating in the global micronized wax market, such as BASF SE, The Lubrizol Corporation, Honeywell International Inc., Clariant AG, Shamrock Technologies Inc., Deutreon GmbH, Sasol, Micro Powders, Inc., Polyten Inc., Linvest GmbH, Ceronas GmbH & Co. KG, and Wezenbeek.

Browse More: Chemicals and Nanomaterials Research Reports

Popular Research Reports by PMR:

• Global Market Study on Ceramides: Rising Significance of Natural Personal Care Ingredients to Drive Demand
• Africa Market Study on Construction Aggregates: Rising Government Spending in Infrastructural Development to Benefit Sales
• Global Market Study on Metal Powder: Applicability in Additive Manufacturing to Create Lucrative Growth Opportunities, Particularly in East Asian Market

Persistence Market Research Overview

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact:
Mr. Abhishek Budholiya
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free: 800-961-0353
Web Site: https://www.persistencemarketresearch.com
Email: sales@persistencemarketresearch.com

Logo: https://mma.prnewswire.com/media/661339/Persistence_Market_Research.jpg