The absence of substitutes, along with the considerable demand from end-user industries such as paints & coatings, adhesives & sealants, and cosmetics, are expected to drive the global wax emulsion market in the coming years.
Synthetic wax emulsions are extensively consumed as material base for manufacturing purpose. The availability of these products with varied properties makes it suitable for numerous applications. Henceforth, the constant demand from a significant number of applications across paints & coatings, cosmetics, and construction is expected to propel the growth of the segment over the forecast period.
Polyethylene wax emulsions are commonly demanded due to its economical price and easy availability. This segment is anticipated to register the fastest growth during the forecast period. The rising construction activities in emerging economies and the absence of close substitute for wax emulsion are the major drivers for the growth of the respective segment. Physical attributes such as water-repellence, abrasion resistance, slip control, lubrication, and anti-blocking are also the contributing factors and are preferred material for wax emulsion.
Paints & coatings contributed to the major share of market in 2018. Properties such as ease of use, physical stability, and environment-friendly have led to its increased consumption in the paints & coatings industry instead of solvents. However, the textiles segment is expected to grow at the highest rate during the forecast period. Improved tear resistance, fabric softening, heat setting, reduced needle cutting are some of the added benefits of using wax emulsion in textiles.
Asia Pacific is anticipated to grow at the highest CAGR. Emerging countries such as China, Japan, and India together accounted for the largest share of the Asia Pacific wax emulsion market in 2018. Industries such as paints & coatings and adhesives & sealants are likely to trigger the growth in wax emulsion market. Easy availability and cost-effective labor are driving the demand for wax emulsions.
BASF SE (Germany), Nippon Seiro Co. (Japan), Altana AG (Germany), Sasol Ltd. (South Africa), Exxon Mobil Corporation (US), Michelman, Inc. (US), Repsol S.A. (Spain), Lubrizol Corporation (US), Hexion Inc. (US), Wacker Chemie AG (Germany), , DANQUINSA GmbH (Germany), and H&R GROUP (Germany) are some of the major players in the Wax Emulsion Market.
Key Questions Addressed by the Report
· What are the future revenue pockets in the wax emulsion market?
· Which key developments are expected to have a long-term impact on the wax emulsion market?
· Which designs are expected to cannibalize existing markets?
· How is the current regulatory framework expected to impact the market?
· What will be the future product mix of the wax emulsion market?
· What are the prime strategies of leaders in the wax emulsion market?
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1.1.Increasing Demand for Wax Emulsions From End-Use Industries
3.2.1.Limited Investments in New Product Development
3.2.2.Limited Knowledge of the Chemistry of Wax Emulsions
3.2.3.Volatile Prices of Crude Oil
3.3.1.Increasing Demand for Bio-Based Wax Emulsions
4. Executive Summary
5. Wax Emulsion Market, By Material Type
5.1. Natural Base Wax Emulsion
5.2. Synthetic Base Wax Emulsion
6. Wax Emulsion Market, By Product Type
6.1. Hollow fiber
6.2. Spiral wound
6.3. Plate and frame
6.4. Others (Tubular and capillary)
7. Wax Emulsion Market, By End-Use Industry
7.1. Paints & Coatings
7.2. Adhesives & Sealants
7.5. Others (automotive, leather and packaging)
8. Wax Emulsion Market, By Region
8.1. Asia Pacific
8.1.6.Rest of APAC
8.2. North America
8.3.7.Rest of Europe
8.4. Middle East & Africa
8.4.4.Rest of MEA
8.5. South America
8.5.3.Rest of South America
9. Company Profiles
9.1. Leading Companies in Wax Emulsion Market
9.1.2.Nippon Seiro Co., Ltd.
9.1.5.Exxon Mobil Corporation
9.1.8.Wacker Chemie AG
9.1.10. Repsol S.A.
9.1.11. H&R Group
9.1.12. Hexion Inc
9.1.13. Paramelt B.V.
9.1.14. Shanghai Tongyi Chemical Co., Ltd
9.1.15. Deurex AG
*Company introduction, financial information, recent developments, SWOT analysis
10. Conclusion and Recommendations
11.2. Related Reports