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Wax emulsion is mixture of two or more waxes in water. As waxes are immiscible in water, they are brought together by use of surfactants to stabilize them and form an emulsion. Natural Wax emulsion are emulsion with natural waxes like beeswax, microcrystalline, montanwax and others. Natural wax emulsions are used for many technical and non-technical applications like for printing inks, lacquer, leathers, textiles, cosmetic and personal care products.
Growing demand from cosmetics and personal care industry due to properties like abrasion resistance, scratch resistance, corrosion resistance, hydrophobicity, matt look, and anti-blocking, shall drive the industry growth. Additionally, the use of natural wax emulsions for organic ingredients in the cosmetic products may foster the product demand during the forecast timeframe. Beeswax is a natural ingredient that is used in cosmetic products such as potions and balms.
The accessibility to the synthetic wax emulsions is likely to hamper the market for natural wax emulsion.
Key Market Driver -
Increasing demand from personal care and cosmetic industry.
Key Market Restraint -
Availability of alternatives
Based on type, the market is segmented into Fossil and non-fossil natural wax. Based on application, the market is segmented into paints & coatings, adhesives & sealants, cosmetics, textiles and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global natural wax emulsion market consists of global & regional players operating. Some of the key players in the market include BASF SE, Altana AG, Sasol Ltd, Lubrizol Corporation, ExxonMobil Corporation, Wacker Chemie AG, and Others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounts for the largest share in the natural wax emulsion market attributed to the increasing demand from China and India. Additionally, the easy availability of raw material and lower labor costs is likely to drive the Asia Pacific market. Europe is estimated to show significant growth attributed to high demand for wax emulsions from paints and coatings industries. North America is likely to show considerable growth due to the demand from personal care and cosmetics industry. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.
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