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Wax Emulsion Market worth $2.0 billion by 2024

 



(EstateNewsWire.com, August 20, 2019 ) The report "Wax Emulsion Market by Material Base (Synthetic, Natural), Type (PE, PP, Paraffin, Carnauba), End-use Industry (Paints & Coatings, Adhesives & Sealants, Cosmetics, Textiles), Region (APAC, North America, Europe, MEA, SA) - Global Forecast to 2024" The global wax emulsions market is expected to reach USD 2.0 billion by 2024, at a CAGR of 4.9% from 2019 to 2024. A key driving factor for the growth of the wax emulsion market is a consequent rise in the demand for paints & coatings, adhesives & sealants, and cosmetics.

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Paints & coating end-use industry segment accounts for the largest share of the wax emulsion market

The paints & coatings segment is the largest contributor to the global wax emulsion market in terms of volume. The paints & coatings industry consume almost one-third of the global wax emulsion produced. This is attributed to better chemical stability and environment-friendly characteristics of wax emulsions. The absence of substitutes also drives the growth of wax emulsion market. Solvent systems are expected to be replaced by wax emulsions in paints & coatings, which is an eco-friendlier option for the manufacturers.

Based on material base, the natural base wax emulsion segment is projected to be the highest revenue generator of the wax emulsion market by 2024

The natural base segment is in its maturity stage and is relatively costlier than synthetic wax emulsions, thus being used in only high-end applications where there is a need for more chemical stability. The growth of natural base wax emulsion segment is being witnessed in North America and Europe. This growth can be attributed to the regulations imposed by the government for the usage of wax emulsion in the packing of food products and rising demand for the use of organic ingredients in the cosmetics products.

Don't miss out on business opportunities in Wax Emulsion Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=37491323

Browse in-depth TOC on "Wax Emulsion Market”
93 - Market Data Tables
53 - Figures
149 - Pages

Polyethylene segment to dominate the global wax emulsion market by 2024

Polyethylene, in terms of volume, has been widely used in the paints & coatings and adhesives & sealants industry across major regions. Polyethylene and paraffin are used mainly due to better slip, scratch resistance, and water resistance on the surfaces. Cost-effectiveness and easy availability of polyethylene make it a most preferred raw material over other raw materials for wax emulsions.

The Asia-Pacific region is expected to lead the wax emulsion market during the forecast period

The Asia Pacific wax emulsion market is anticipated to grow at the highest CAGR between 2019 and 2024. China, Japan, and India together accounted for the lions share of the Asia Pacific wax emulsion market in 2018. China is a major consumer of wax emulsions in Asia Pacific due to the extensive use of the product in various industries, such as paints & coatings and adhesives & sealants. Abundant availability of raw material and cheap labor in the region, also make it one of the largest manufacturers of the product.

Key market players covered in this report which includes, 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) , and among others

Get this report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=37491323

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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