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Wax Emulsion is a mixture of one or more waxes in water. As we all know that waxes are immiscible, but they can be brought together stably by using surfactants or emulsifiers. Surfactants and emulsifiers can be cationic, anionic or non-ionic. The preparation of wax emulsion takes place above the melting point of the wax; hence the process is called wax emulsion. Depending upon the applications, a wide range of blended wax emulsion are available. It offers lubrication along with the advantages such as abrasion resistance, anti-blocking, water repellence, and matt finish effect.
The key market driver for the wax emulsion market is the increasing demand from paints & coatings and adhesives & sealants end-use industry. In paints and coating, it provides an excellent water-proofing solution as well as protection from the harsh environmental effects; thus, it is highly preferred. In the adhesive and sealant industry, it acts as an anti-caking agent for the thermoplastics and hot melts.
Key Market Driver -
Increasing demand from paints & coating industry.
Key Market Restraint -
High cost associated with wax emulsion.
The key market restraint for wax emulsion market is the availability and fluctuations in the pricing of raw materials used for the production of wax emulsions. The wax emulsion price is completely based on the availability of the raw material, and in the case of fossil fuel raw material, its prices tend to change. Also, the price associated with the product is high, hence hindering the market for wax emulsion.
On basis of source, wax emulsion market can be segmented into natural and synthetic. On the basis of types, the wax emulsion market is segmented into beeswax, carnauba, paraffin, polyethylene, polypropylene, montan ester and others. On the basis of end-use industries, wax emulsion market can be segmented into packaging, paints & coatings, adhesive & sealants, textiles, personal care and others.
Based on geography, the wax emulsion market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Some of the key players are BASF SE, Nippon Seiro Co.,Ltd., Altana AG, Sasol Ltd, Exxon Mobil Corporation, Michelman, Inc., Repsol, Lubrizol Corporation, Hexion, Wacker Chemie AG, DANQUINSA GmbH, and The Darent Wax Company Ltd.
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On a geographical basis, wax emulsion market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is the largest segment for wax emulsion market due to high demand from developing countries such as India, China, Japan, and others. Among which China is the largest consumer wax emulsion due to increased demand from packaging and paints & coating end-use industries. Increase in the building & construction industry are expected to support the growth of wax emulsion market during the forecast period. Also, improved economic conditions and availability of low-cost labour are expected to drive the market for wax emulsion in the Asia Pacific. North America and Europe are matured regions; hence it is expected to show the steady growth in these regions. The Middle East and Africa and Latin America is expected to show slow growth in the near future as the wax emulsion industry are not fully entered in these regions and also have low import rates owing to low wax emulsion product consumption in these regions.
By End-Use Industry
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