The global wax emulsion market size is expected to gain momentum owing to increasing demand for surface additives from the end-use industries across the globe defined to be a stable mixture of a single or more types of wax in the water. Though, water and waxes are immiscible in nature, they can be combined together to remain stable by adopting a efficient preparation process and surfactants. They are widely adopted in several industries such as coatings, construction, packaging, paints, and other food-grade applications. In addition to this, they are favored by several end-use industries owing to their efficient water resistive and higher levels of opacity properties across the globe.
What does the Report Include?
The market report includes a detailed assessment of the various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive research into the regional developments of the market, affecting the market growth during the forecast period. The research includes information sourced from the advice of expert professionals from the industry by our research analyst using several research methodologies for the industry The competitive landscape offers further detailed insights into the strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold.
DRIVING FACTORS
Increasing Demand for Surface Conditioner Additives to Augur Growth
Presently, there is a wide range of additives available in the market. However, waxes have a considerable impact on several processes and formulations. Although used in smaller quantities, waxes impart several properties such as abrasion resistance, water repellent, lubrication, matting, and blocking. These properties are all vital in the manufacturing of ink and coating and therefore, they are widely used in such industries. The growing demand for surface conditioner additives such as waxes is expected to drive the global wax emulsion market during the forecast period.
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REGIONAL INSIGHTS
Growing Demand from Packaging Sector in Asia-Pacific to Promote Growth
Among all regions, the market in Asia-Pacific is anticipated to witness substantial growth and hold the highest global wax emulsion market share in the forthcoming years. This is attributable to increasing demand for the product in the packaging sector in the region. A rising construction and building industry in countries such as India, China, and Japan will bode well for the market growth in Asia-Pacific. Additionally, in Asia-Pacific huge demand from the paints and coatings end-use industries in China is likely to favor the market growth between 2019 and 2026.
COMPETITIVE LANDSCAPE
absoluteBLACK Launching its First Hydrocarbon-based Chain Lubricant to Stoke Demand
In June 2020, absoluteBLACK announced the launch of the world’s first-ever hydrocarbon-based chain lubricant that contains graphene. According to the company, the wax-based water emulsion that contains a special mix of pure graphene, exhibits higher tolerance to dirt and water contamination, while efficiently allowing the movement of chain parts and preventing them from excessive abrasion. Adoption of strategies such as introduction of new products, expansion of facilities, and collaboration by the companies is likely to contribute for the growth of the global wax emulsion market in the forthcoming years.
List of the Companies Operating in the Market:
- BASF SE
- Nippon Seiro Co.,Ltd.
- Altana AG, Sasol Ltd
- Exxon Mobil Corporation
- Michelman, Inc.
- Repsol
- Lubrizol Corporation
- Hexion
- Wacker Chemie AG
- DANQUINSA GmbH
- The Darent Wax Company Ltd.
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