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Bio-Wax Market

Bio-Wax Market

Bio-Wax Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025

Bio-Wax Market Overview

Bio-wax is a group of water soluble organic polymers that are manufactured from bio-based raw materials. It is also manufactured as a byproduct of bio-diesel production process. The applications of bio-wax are cosmetics and personal care products, water protection systems,firelogs, infrastructure building and paints & coatings. Bio-waxis developed to replace petroleum based wax and synthetic olefins. Itis usually a low odor group of compounds that does not interfere with complexfragrance profiles. The uses and properties of bio-wax depend on its molecular weight and branching of polymer. 

Rising demand for cosmetics and personal care products is expected to drive the bio-wax market. Cosmetics and personal care industry is driven by demand from developed countries and rising demand from emerging economies worldwide. Owing to changing lifestyle and rising disposable incomein emerging economies, cosmetics and personal care products are experiencing huge demand. Bio-wax based products are used as firelogs that emits less green house gases as compared to other fire fuels. According to the U.S. Environment Protection Agency report,bio-based fuels do not increase carbon di-oxide concentrations in environment. Thus, the demand for bio-wax in firelogs from cold climatecountries is expected to further boost the market growth. In addition, reduction in petroleum wax supply and changing consumer group’s preference is expected to fuel the bio-wax market growth. Petroleum wax is subjected to price and supply volatility of crude oil and it may have adverse effects on human health. Bio-wax is also used in concrete work such as bridge construction, roof tiles, pre-fab elements and precast concrete application. Growing building and construction industry in emerging economies and repairing of existing infrastructure in developed countries is expected to drive the bio-wax market. 

However, cost and complex process of manufacturing is expected to hamper the market growth. Bio-based raw materials are used for bio-diesel production and bio-wax is also produced as a byproduct of this process. Raw materials suppliers are preferring bio-diesel plants over bio-wax manufacturing which creates scarcity of the raw materials. Technological advances and increasing scope of use of bio-wax in new applications in expected to provide opportunities for bio-wax market in the near future. 

North America was the largest consumer of the bio-wax in terms of consumption and production. Demand from cosmetics and personal care industry is expected to drive the bio-wax market in this region. In addition, governmental regulations for bio-based fuel in firelogs are anticipated to boost the market. North America was followed by Europe, where stringent governmental policies for reducing carbon di-oxide emission are expected to boost the market.  Shift in preference of consumer groups from petroleum based wax to bio-wax in cosmetics and other application is expected to fuel the market growth. Building and construction industry in this region is expected to contribute to the growth of bio-wax market. Use of bio-wax in infrastructure building and firelogsis in line with the sustainable growth policy of Europe. Growth in Asia Pacific was submissive however, it is expected to grow at higher pace in the near future. Abundant raw materials and presence of bio-diesel plants is expected to boost the market in this region. 

Key players in this market include Biosil, Duraflame, BioJouvance, Fisch, Remmers, Chant Oil Co. Ltd. among others.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size & Forecast 2015 -2025
  • Supply & Demand Value Chain
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
  • Market Drivers and Restraints

Regional analysis includes

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

Bio Wax Market

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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