The global synthetic wax emulsion market size is expected to showcase considerable growth backed by the increasing demand for paints & coatings from the construction industry. Fortune Business Insights published this information in its upcoming report, Moreover, the growing use of synthetic wax emulsion in the production of cosmetics is expected to bode well for the growth of the market in the forthcoming years.
Market Segmentation:
We have segmented the market based on type, application, and region. On the basis of type, the market is segregated into LDPE, HDPE, Maleic Anhydride Grafted Polypropylene, Fischer Tropsch, and Others. Moreover, based on application, the market is categorized into Paints & Coatings, Adhesive & Sealants, Cosmetics, Textiles, and Others. Lastly, based on region, the market has been divided into North America, the Middle East and Africa, Asia-Pacific, Europe, and Latin America.
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What does the Report Include?
The global market for synthetic wax emulsion report includes detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to announce partnerships, introduce new products, and collaborate that will further contribute to the growth of the market between 2022 and 2030. Moreover, the research analyst has adopted several research methodologies such as SWOT and PESTEL analysis to extract information about the current trends and industry developments that will drive the market growth during the forecast period.
DRIVING FACTOR
Increasing Demand from Paints & Coatings Industry to Augment Growth
A growing preference for glossy, abrasion resistant, durable, and lustrous paints and coatings is witnessed across the construction industry. The increasing adoption of synthetic wax emulsions that possess such properties, along with providing anti-blocking and anti-scuffing is expected to boost the product’s demand worldwide. Moreover, the increasing adoption of wax emulsions in cosmetics is expected to favor the global synthetic wax emulsion market growth in the forthcoming years.
Report Aim & Scope:
- An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
- The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
REGIONAL INSIGHTS
Asia-Pacific to Remain Dominant; Presence of Established Manufacturers to Aid Growth
Among all the regions, Asia-Pacific is expected to remain dominant and hold the largest global synthetic wax emulsion market share in terms of revenueduring the forecast period. This is attributable to the presence of large manufacturers in countries such as India and China in the region. Moreover, the high demand for paints and coatings from the construction industry is likely to bode well for the growth of the market in Asia-Pacific
The market in Europe is expected to showcase considerable growth in the forthcoming years. This is ascribable to factors such as high demand for synthetic wax emulsions for several industrial applications such as automotive, construction, paints & coatings, etc.
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COMPETITIVE LANDSCAPE
Major Companies Focus on Facility Expansion to Strengthen Their Market Positions
The market is consolidated by the presence of major companies that are focusing on expanding their facilities to cater to the growing product’s demand across industrial applications such as cosmetics, automotive, and construction. Moreover, other key players are adopting strategies such as partnership, merger and acquisition, and collaboration that will contribute to the market growth between 2022 and 2030.
Industry Development:
- May 2019– ExxonMobil expanded the Texas chemical project for petroleum and petroleum-based specialty products. The expansion is aimed at consolidating its position in the global marketplace and further strengthening its footprint.
List of the Companies Profiled in the Global Market:
- BASF SE
- Altana AG
- Sasol Ltd
- Lubrizol Corporation
- ExxonMobil Corporation
- Wacker Chemie AG
- Others
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