Global Candelilla Wax Market
Candelilla wax is a plant-based complex material. It is brittle, hard, and easily pulverized. It is an opaque material before refining, which can be of different colors ranging from light brown to yellow depending on the grade of refining and bleaching. Candelilla wax has exceptional oil binding characteristics, thus improving the texture and stability of cosmetic products. Candelilla wax delivers good mold release, surface gloss, firmness, and develops softness. It is frequently employed in combination with beeswax and carnauba wax in order to improve adhesion and skin-feel properties. It effortlessly dissolves basic dyes. It is highly soluble in chloroform, acetone, benzene, and numerous other organic solvents, but is soluble in water. Growing demand for vegan or plant-based materials from cosmetics and personal care industry is one of the major factors responsible for high CAGR of the market. Increasing standard of living and growing consumption of personal care and cosmetic products are the factors that offer growth opportunities. Also, surging utility and adoption of bio-based products are contributing to the growth of the global Candelilla Wax market.
Global Candelilla Wax Market is valued approximately USD $$ million in 2018 and is anticipated to grow with a healthy growth rate of more than –% over the forecast period 2019-2026.
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Further, the rising disposable income of individuals is also a major factor that aiding the growth in the global market. However, the availability of alternative products such as carnauba was and beeswax and restriction on the extraction of candelilla wax are anticipated to hamper the market growth during the forecast period.
The regional analysis of global Candelilla Wax market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the high demand for bio-based products and products with a natural ingredient in the region. Europe contributes a satisfactory growth in the global Candelilla Wax market during the forecast period. Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2019-2026 due to rising urbanization and increasing awareness about health among people across the region.
Major market player included in this report are:
Strahl & Pitsch Inc.
Norevo
Calwax
Kahl GmbH & Co.
Carmel Wax Inc.
Multiceras
The objective of the Candelilla Wax study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Form:
Lumps
Slabs
Flakes
Pastilles
Spray Powder
Ground Powder
By Application:
Personal Care
Food
Dyes
Pharmaceuticals
Others
By Regions:
America
APAC
Europe
Middle East & Africa
Rest of the World
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Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Candelilla Wax Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers VARs
Third-party knowledge providers
Investment bankers
Investors
Customization of this Report can be done as per the client’s requirement.
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