The overall sales of orthodontic wax are projected to reach a market valuation of nearly USD 2 Billion by 2032, exhibiting growth at a CAGR of around 5% to 6% during the forecast period (2022 to 2032).
Report Attribute | Details |
---|---|
Orthodontic Wax Market Anticipated Forecast Value (2032) | USD 2 Billion |
Orthodontic Wax Market Projected Growth Rate (2022 to 2032) | 5% - 6% CAGR |
Orthodontic wax is used to avoid friction between cheeks, gums, and dental braces. It is made from natural materials such as paraffin, beeswax, and carnauba. Increasing demand for plant-based wax is projected to propel the growth in the market.
Growing preference towards enhancing the physical appearance is projected to surge the demand for dental braces to align the teeth. Further, the rising number of awareness campaigns by government and private dental care services is likely to spur sales in the market.
Besides this, increasing penetration of social media is shifting the focus of consumers onto their physical appearance. Hence, growing awareness about oral hygiene and personal care is propelling the demand for smile enhancement treatments. This is likely to boost the growth in the market.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Surging demand for the prevention of enamel damage due to high consumption of coffee, smoking, alcohol, and low oral hygiene is likely to create lucrative opportunities for the market.
This needs to protect cheeks and gums from injuries arising from wires, ridges, and clasps used in braces is increasing. This is likely to improve the demand for orthodontic wax over the coming years.
Besides this, the low toxicity of orthodontic wax is estimated to propel its usage in dental care, augmenting the sales of orthodontic wax in the coming years. Furthermore, increasing cases of tooth decay, crooked teeth, and other dental problems are increasing the demand for dental implants, boosting the market.
The hydrophobic nature of orthodontic wax causes limited mouth movement, discomfort, and drying of the mouth. These factors of orthodontic wax are likely to limit the sales in the market.
Similarly, difficulty in initiating the natural process of hardening and longer healing time is likely to hamper the sales of orthodontic wax. Further, changing raw material prices is projected to increase the prices of orthodontic wax, which will restrain the demand for orthodontic wax.
According to Future Market Insights (FMI), Europe is estimated to account for a significant share of the orthodontic wax market. Growth is attributed to the rising number of dental care facilities in the United Kingdom, Russia, and Germany.
With the growing influence of social media, the demand for dental aesthetics to enhance physical appearance is increasing. This will create a conducive environment for the orthodontic wax market.
Also, favorable reimbursement policies related to orthodontic procedures in countries such as the United Kingdom, Germany, and others are likely to bolster growth in Europe. Furthermore, high consumption of alcohol, fast foods, and smoking is surging the demand for dental treatments and fixtures, propelling sales in the market.
Asia-Pacific is projected to register the fastest growth rate owing to growing consciousness about dental care and hygiene to prevent dental problems. This is projected to propel the demand for orthodontic wax across India, China, and Japan.
Demand for customized and transparent orthodontic devices is rising due to the increasing need for the correction of misaligned or crooked teeth. This is projected to spur sales in the market.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Key players profiled in the global orthodontic wax market include Carmel Industries, Bilkim Ltd. Co., Colgate-Palmolive Company, DWS Systems, Pyrex Polymars Inc., C.J. Robinson Company, Solstice T&I, Bracon Dental, Metrodent Ltd., among others.
Some of the key players are developing high-quality orthodontic wax to increase their revenue and increase their consumer base.
Report Attribute | Details |
---|---|
Growth Rate | 5% to 6% CAGR |
Base Year for Estimation | 2021 |
Historical Data | 2015 to 2020 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Billion, and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Product Type, End User, Region |
Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; Middle East and Africa |
Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
Key Companies Profiled | Carmel Industries; Bilkim Ltd. Co.; Colgate-Palmolive Company; DWS Systems; Pyrex Polymars Inc.; C.J. Robinson Company; Solstice T&I; Bracon Dental; Metrodent Ltd. |
Customization | Available Upon Request |
The global orthodontic wax market is estimated to record growth at around 5% - 6% CAGR between 2022 and 2032.
Asia Pacific is estimated to register the fastest growth in the orthodontic wax market owing to growing awareness about dental care and treatment in the region.
The global orthodontic wax market is estimated to value at around USD 2 Billion by the end of 2032.
Explore Healthcare Insights
View Reports