Wax Emulsion Market – Overview
Wax Emulsion Market is increasingly gaining momentum owing to the properties these emulsions offer to various products such as lubricating glide finish along with resistance to water & hence abrasion, anti-blocking, matting, and water repellence. For instance; Wax Emulsion applied on the wood panels not only protects it but also enhances it aesthetic appearances.
Attributing to these advantageous properties, Wax Emulsions finds its applications in some burgeoning industries like construction, Adhesives & Sealants, Paints & Coatings, Cosmetics, Textiles and others. Paints, Coatings & Emulsions are widely consumed across automotive industry which is expansively growing witnessing high selling rates. Resultantly, Wax Emulsion enjoys a great demand & its market enjoys an extensive traction worldwide. Attributing to the improving economic conditions & urbanization over the past few years, this market has escalated immensely garnering a huge prominence.
Recognizing the potential of the market to grow further in the years to come, Market Research Future (MRFR) has published a detailed study report giving out the market forecast for the period 2017 – 2023. In its analysis, MRFR asserts that the Global Wax Emulsion Market is expected to demonstrate a voluminous growth by 2023, registering a striking CAGR during the forecasted period.
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Wax Emulsion Market – Competitive Analysis
Manufacturers operating in this highly competitive market strive to deliver the best quality, reliable and consistent pure high-quality products based on innovative technologies. They also strive to build the ability to tailor products with the requested specifications such as customized/bulk packaging and special requirements. Product launch, M&A activities, collaboration remain key strategies of the market players to churn the competitive advantages.
Industry/ Innovation /Related News:
January 12, 2018 – Argosy Private Equity (US) announced the successful completion of the sale of its business U∙C Coatings LLC, manufactures a complementary portfolio of proprietary specialty coatings & branded products are an industry leading line of wax-based, emulsion.
Wax Emulsion Market – Regional Analysis
Asia Pacific market of Wax Emulsion is expected to grow with the fastest CAGR over the forecast period owing to the augmented uptake of the product in some burgeoning industries like textile, paints & coatings, cosmetics, adhesives & sealants, & etc. in some of the APAC economies like India, Japan & China. Furthermore, factors such as availability of low cost raw material, land and moderately regulatory framework are contributing to the growth of the regional market.
European countries such as Italy, Spain, the UK, and Germany are expected to be the prominent consumer markets due to the increasing expenditure on innovation and growing purchasing power of consumers. Additionally, the growth attributes to the implementation of new rules and regulations proposed by the government to follow Wax Emulsions rather than solvents in the industry. Simultaneously, extensive use of paints & coatings by the major automobile manufacturers existing in Germany will be providing impetus to the regional market growth.
North America is estimated to witness a significant growth in the Wax Emulsion market owing to the increased uptake of the product in cosmetics & packaging sectors. Moreover, rising investments from the end-use industries are likely to drive the regional market during the assessment period.
NIPPON SEIRO CO., LTD (Japan), BASF SE (Germany), ALTANA (Germany), The Dow Chemical Company (US), Sasol Limited (South Africa), Exxon Mobil Corporation (US), The Lubrizol Corporation (US), Danquinsa GmbH (Germany) and Momentive (US), Michelman, Inc. (US) are some of the leading players of the Global Wax Emulsion Market. Profiling them in its analysis, MRFR explores strategies that keep them at the forefront of competition.
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