The global demand for Carnauba Wax Market is presumed to reach the valuation of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period of 2021 - 2027. Whereas with regards to volume, the market was calculated XX Tons in 2020 and foreseen to touch XX Tons by 2027 with a CAGR of XX% during 2021-2027.
Carnauba, also known as palm wax, is obtained from the leaves of the carnauba palm Copernicia prunifera. It is the most hardened natural wax available in the market. They are used for making lipsticks, creams, mascara, hair care products. Carnauba wax has excellent emulsification properties and oil-binding capacity for ester oils and mineral oils. It can also raise the melting point of gels and produce a glossy finish, thus best suited for making lipsticks, creams, mascara, hair care products. It has a broad range of applications such as cosmetics, food, molds for semiconductors devices, automobiles, and furniture wax, a coating for dental floss.
The rising demand for automotive care waxes and growing concerns regarding automobile care are the primary factors driving the carnauba wax market. The high adoption of carnauba wax type 4 as an ingredient in industrial coatings and as a mold release agent contributes to the carnauba wax market's growth. Also, favorable government regulations regarding the use of wax as a glazing agent in edible products such as chocolates, candies, and cosmetics are positively impacting the carnauba wax market's growth. Moreover, the technological advancement primarily pertaining to wax extraction and wide adoption as a coating material for pharmaceutical controlled release systems is likely to generate profitable growth opportunities for key players of the carnauba wax market in the coming years.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each segment in the global market of carnauba wax.
This section of the carnauba wax market report provides detailed data on the segments by analyzing them geographically, thereby assisting the strategist in identifying the target demographics for the respective product or service..
By Product Type
- Food & Beverages
- Personal care
This section covers regional segmentation which accentuates on current and future demand for carnauba wax market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Carnauba Wax Market by Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the carnauba wax market include Brasil Ceras, Natural Wax, Foncepi comercial exportadora ltda, Norevo GmbH.,Carnauba do Brasil, The International Group, Inc. Pontes industria de Cera ltda., J. Allcock & Sons Ltd. and Tropical Ceras do Brasil Ltda.S. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.