The Wax Emulsion Market Global Industry Report is estimated to be USD 2.6 Billion in 2016 and is projected to reach USD 3.2 Billion by 2021, at a CAGR of 3.9% from 2016 to 2021.
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This research report categorizes the global wax emulsion market on the basis of type, material base, end-user industry and geography along with forecasting area, value, and analyzing trends in each of the sub-markets. Rapid expansion of the construction, cosmetics, and textiles industries and industrialization are driving the overall demand for wax emulsion The base year used for study is 2015 and the forecast period is 2016 to 2021.
This research study involves data from both secondary and primary sources. Secondary sources include directories, and data bases, such as Factiva, Bloomberg, BusinessWeek, and Hoovers are used to collect and identify the information for this technical, market oriented, and commercial study of wax emulsion market. To validate the critical information collected from the secondary sources primary interviews were conducted.
The ecosystem for wax emulsion consists of key suppliers, including wax as well as wax emulsion manufacturers. These are important participants in the ecosystem of wax emulsion markets as they play crucial role in the entire value chain. Various companies, such as wax emulsion market include BASF SE (Germany), Nippon Seiro Co., Ltd. (Japan), Atlanta AG (Germany), Sasol Ltd. (South Africa), The Dow Chemical Company (U.S.), Exxon Mobil Corp. (U.S.), Momentive Performance Chemical Inc. (U.S.), Michelman Inc. (U.S.), Lubrizol Corporation (U.S.), and Danquinsa GmbH (Germany). Further the products manufactured by these companies are used by paints & coatings, adhesives & sealants, leather, cosmetics, textiles related companies such as Kansai Nerolac Paints (India), Asian Paints (India), Procter & Gamble (U.S.), Aero Group (U.S.), among others.
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Target audience: Wax emulsion and other raw material manufacturers
Converters of Wax emulsion for paints & coatings, adhesives & sealants, other applications. Traders, distributors, and suppliers of wax emulsion
Regional manufacturers’ associations and general wax emulsion associations
Raw material manufacturers
Government and regional agencies and research organizations
Along with the market data, MarketsandMarkets offers customizations as per a company’s specific needs. The following customization options are available for the report:
Detailed analysis and profiling of additional market players (up to five)
The global wax emulsion market was valued at USD 2.6 Billion in 2015, and is projected to reach USD 3.2 Billion by 2021, at a CAGR of 3.9% from 2016 to 2021. No substitutes along with the demand from end-user industries such as paints & coatings, adhesives & sealants, cosmetics, and others drive the global wax emulsion market during the forecast period.
The polyethylene type segment dominated the global wax emulsion market in 2015 and is expected to continue the same during the forecast period. This growth is mainly attributed to the rise in construction activities in emerging economies and the absence of close substitute for wax emulsion. Physical attributes such as water-repellence, abrasion resistance, slip control, lubrication, and anti-blocking are also contributing towards the growth of polyethylene as the most preferred material for wax emulsion.
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Synthetic wax emulsions are being used in majority of the applications and thus this material base segment accounts for more than 50% of the overall wax emulsion market. Increasing demand from industries such as paints & coatings, cosmetics, and construction is driving the growth of this segment.
Paints & coatings, adhesives & sealants, cosmetics, and textiles are the major end-use industries for wax emulsion market. Paints & coatings contributed the largest market share in 2015. Properties such as ease of use, physical stability, and environment friendly lead to the popularity of wax emulsion in 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.
The Asia-Pacific region dominated the global wax emulsion market in 2015. The increasing demand from the industries such as paints & coatings and adhesives & sealants is likely to trigger the growth in wax emulsion market in this region. Easy availability and cost effective labor which is driving the demand for wax emulsions in this region.
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