Emulsifying Wax Market

Emulsifying Wax Market Overview

The emulsifying wax market is anticipated to register a CAGR of 4.5% during the forecast period, up from US$ 1.75 Bn in 2021 to reach a valuation of US$ 2.84 Bn by 2032.

Sales of emulsifying wax are expected to rise due to its increased usage in a variety of cosmetic and skincare products, including body lotions, anti-ageing creams, and sunscreens.

Emulsifying wax improves the consistency and texture of the final product while leaving no greasy texture or residues on the skin and attracting customer attention; this is increasing demand for emulsifying wax in the market. 

The sales of emulsifying wax are anticipated to rise as it is utilised in food polishing and the leather sector, which would considerably boost the market demand for emulsifying wax over the projection period.

Increasing demand for emulsifying wax in the construction, automotive, agriculture industry, papermaking industry, leather industry, other applications across the global level is also projected to contribute to the growth of the emulsifying wax market share.

Some of the key emulsifying wax market trends promoting the demand for emulsifying wax include rising demand from industries such as paints and coatings, as well as adhesives and sealants.

What are the Key Drivers to the Emulsifying Wax Market Share?

Emulsifying wax market share is anticipated to grow owing to easy availability and low labour costs. Furthermore, with increased competitiveness in the emulsifying wax market, producers have begun to use emulsifying wax as a protective coating or as an exterior polishing agent to improve the quality of the finished product.

As a result, the sales of emulsifying wax is anticipated to rise during the forecast period.

The leather sector, for example, employs emulsifying wax for leather finishing, leather brightening, and leather tanning, and as a result, sales of emulsifying wax is anticipated to rise dramatically.

The emulsifying wax market is forecasted to grow as it is used in agriculture to minimize the rate of transpiration (water loss) from the surface of leaves by preventing the evaporation of water.

Sales of emulsifying wax are anticipated to rise as it is used as a coating material for fruits to help them survive droughts, and it is also used to preserve fruits and vegetables from damage and decay when they are shipped great distances. This is due to the high demand for emulsifying wax in the food and agriculture industries. 

Due to its usage in polishing, finishing, and waterproofing in the ceramic, textile, wood, and pharmaceutical industries, there is a strong demand for emulsifying wax, which is anticipated to increase the sales of emulsifying wax and propel the growth of the emulsifying wax market.

Nandini Roy Choudhury

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

Which is the Leading Region in the Emulsifying Wax Market?

In 2019, Asia-Pacific was the largest and fastest-growing emulsifying wax market, and this trend is likely to continue during the forecast period. The emulsifying wax market in the region is predicted to increase due to rising demand for emulsifying wax products in adhesives & sealants and paints & coatings formulations.

The fast industrialization and urbanization in Asia-Pacific countries such as China, India, Thailand, Indonesia, Malaysia, and South Korea are projected to use a high number of paints, coatings, and adhesives & sealants, which will boost the region's emulsifying wax market share.

Furthermore, China's burgeoning automobile industry is projected to contribute to the region's product-market expansion.

In 2018, Europe had the second biggest market share of the global emulsifying wax market, and it is predicted to continue to develop significantly throughout the forecast period. The strong automotive and microelectronics industries in Germany drive up demand for paints, coatings, adhesives, and sealants, which in turn drives up demand for emulsifying wax.

Who are the Key Players in the Emulsifying Wax Market?

Due to its several applications, the emulsifying wax market offers a huge and exciting opportunity. Players in the market should concentrate on bringing low-cost emulsifying wax to market, as well as blending emulsifying wax in a way that makes it easier to use in a variety of applications without causing repulsion.

Strahl & Pitsch, Inc., Keim-Additec Surface GmbH, Koster Keunen (Holland) B.V., Kelly Services, Inc., Nest. Bio Venture, Wuxi A Er Mei Sensitization Chemical Co., Ltd., Sichuan Zhongguang Lightning Protection Technologies Co., Ltd., and Wuxi Baichuan Chemical Industry Co., Ltd. are among the top manufacturers and suppliers in emulsifying wax market.

Recent Developments

• Sasol increased the capacity of its FischerTropsch Wax production facility in Sasolburg, South Africa, in February 2018. The purpose of this development was to increase the annual wax production capacity for adhesives and printing applications. The company has been able to meet the increased demand for synthetic waxes around the world as a result of this expansion.
• BASF extended its emollients and waxes production plant at its Jinshan industrial site in China in June 2017. This growth has allowed the company to meet rising demand in the personal care and textile industries.

Become a MarketNgage Insider

An unified Market Research Subscription Platform, built for today’s disparate research needs.

Sign-Up

Scope of Report