Microcrystalline Wax Market
Microcrystalline Wax Market Analysis, By Type (Flexible, Hard), By Application (Candles, Adhesives, Packaging, Personal Care and Cosmetics, Rubber, and Others), and Region - Global Market Insights 2022 to 2032
Analysis of Microcrystalline Wax Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Microcrystalline Wax Market Growth Outlook (2022 to 2032)
The global microcrystalline wax market is estimated at around US$ 1.3 Billion in 2022. With a projected CAGR of 4% for the next ten years, the market is likely to reach a valuation of approximately US$ 1.9 Billion by the end of 2032.
Microcrystalline wax is wax created in the crude oil refining process by de-oiling petrolatum. Microcrystalline waxes generally have to meet ASTM specifications and have widespread applications across a huge variety of industries and applications.
Fact.MR analysis reveals that most of the market revenue is grossed from Hard Microcrystalline Wax types, which have a predicted CAGR of 3.8% during 2022 to 2032. Their use in candles is the top application of microcrystalline wax, the revenue through which is expected to grow at a CAGR of 3.6% during the forecast period.
| Report Attributes | Details |
|---|---|
| Market Size in 2021 | US$ 1.2 Billion |
| Estimated Market Value (2022E) | US$ 1.3 Billion |
| Forecasted Market Value (2032) | US$ 1.9 Billion |
| Global Market Growth Rate (2022 to 2032) | 4% CAGR |
| United States Market Forecasted Market Value (2032) | US$ 700 Million |
| United States Market Growth Rate (2022 to 2032) | 3.8% CAGR |
| Key Companies Profiled | Alfa Chemical Ltd; Asian Oil Company; Blended Waxes Inc.; British Wax; Calumet Specialty Products Partners, L.P.; CEPSA; DONGNAM PETROCHEMICALS HollyFrontier Refining & Marketing LLC; Indian Oil Corporation Ltd; Indian Oil Corporation Limited; KahlWax; Koster Keunen, Inc.; Kerax Limited; MOL Group; Nippon Seiro Co. Ltd; Paramelt BV; Sasol; Sonneborn LLC; ShellGroup; Strahl & Pitsch Inc; TER HELL & Co. Ltd; The International Group, Inc.; The Frank B. Ross Co |
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How is microcrystalline wax used in the personal care and cosmetics industry?
Microcrystalline wax is widely used in the personal care and cosmetic industry to alter textures and consistencies, as well as to influence other properties such as fragrance. Microcrystalline wax works by thickening the lipid or oil part of the ingredients. This can improve how well the products spread and ensure an even delivery, as well as emulsify the oils in the wax. This can prevent the “sweating out” phenomena of makeup.
It is used as a viscosity agent, an emulsifier, binding agent and has fine crystals. The small crystal structure makes the wax flexible and elastic and gives it an adhesive property. Microcrystalline wax is also beneficial in reducing how fragile a formula is. This property helps it to provide high tensile strength owing to its flexible structure making it beneficial for use in stick products like deodorants.
Why the demand for microcrystalline wax is increasing in pharmaceuticals?
In pharmaceuticals, microcrystalline wax is mainly used for stiffening and coating tablets and coatings. Its primary use is as an excipient, which is a substance that undergoes formulation along with active ingredients.
Polishing tablets and coatings make them more resistant to moisture and allow for ease of swallowing, which is particularly useful where heavier or worse-tasting chemicals are required. Microcrystalline wax is also showing potential for use as an enteric, which are materials that enable efficient drug release.
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How is the use of renaissance wax affecting the market?
One widespread use of microcrystalline wax is in the form of a brand called renaissance wax, which is being used in historical preservation efforts. It is also used in restoration and conservation efforts and in organic applications, such as for the polishing and conservation of tortoiseshell, wood, etc.
This wax also has uses in musical instruments with benefits for its use as a wood finish that will both enhance color and provide protection. Cosplayers and reenactors also use this wax fairly often since it has benefits over oil for weapons that are in contact with human skin more often.
The use of metals is also widespread since it can prevent moisture and contaminants, while protecting the other protective layers, such as anti-corrosion layers. They are also used on sculptures, worktops, leather, etc.
How do their wide applications boost the market for microcrystalline wax?
Microcrystalline waxes are also witnessing a boost due to their use in various applications across a wide range of industries. One of these is in their use of rubber, and more specifically, in tires. Blooming, the process by which rubber products emerge back to the surface of vulcanized rubber and increase the speed of ozone degradation, is a crucial factor in the lifetime and performance of tires and rubber products.
Microcrystalline wax, when added in before vulcanization, can create an effect wherein they bloom out of the material and create a layer that can also protect against ozone degradation while maintaining the appearance of the products. They also help in the overall production process, such as with internal lubrication, release, and flow. It is also used fairly often for hot melt adhesives since it can adjust viscosity levels and are relatively low-cost method.
As adhesives, they also find their use in bookbinding, packaging, and other applications. It is also used fairly often in sports equipment such as to reduce friction in the skies, snowboarding, ice hockey, etc. Usage in hockey pucks is very common since it helps prevent damage to the stick and allows for a higher degree of control over the puck itself.
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Region-Wise Insights
Why is Europe an emerging component of Global demand for Microcrystalline Wax?
Europe is an emerging market for demand, accounting for 25.2% of the market and with a forecasted 2032 market size of US$ 400 Mn. The European Commission, specifically the Panel on Food Additives and Nutrient Sources added to Food conducted a study on the use of Microcrystalline wax (E 905) as an additive, which is currently authorized quantum satis use in both confectionaries and as a surface treatment for several fruits.
Country-wise Insights
United States Microcrystalline Wax Market Analysis
The microcrystalline wax market in the U.S. is expected to garner a market size of US$ 700 Mn by 2032. The market in the country is expected to gross an absolute dollar opportunity of US$ 200 Mn during the forecast period. Microcrystalline wax is one of the US goods that is exempted from the additional retaliatory tariffs China has imposed in recent years.
U.K. Microcrystalline Wax Market Analysis
The U.K. microcrystalline wax market is expected to reach a valuation of US$ 100 Mn by 2032. With a projected CAGR of 3.1% during the forecast period, the market is expected to gross an absolute dollar opportunity of US$ 20.3 Mn.
Japan Microcrystalline Wax Market Analysis
The microcrystalline wax market in Japan is expected to reach a valuation of US$ 81 Mn by 2032. By the end of the forecast period, the market is likely to reach a valuation of US$ 111 Mn. Between 2022 and 2032, the market is forecasted to grow by 1.4X, registering a CAGR of 3.2%.
South Korea Microcrystalline Wax Market Analysis
In South Korea, the market for microcrystalline wax is projected to gross US$ 66.5 Mn by 2032, growing at a CAGR of 2.7% during 2022 to 2032. The market during the forecast period is expected to register an absolute dollar opportunity of US$ 15.4 Mn, witnessing a growth of 1.3X.
Category-wise Insights
Why candle making remains the top application of Microcrystalline Wax?
Candle making is the top application of Microcrystalline Wax, the revenue through which is forecasted to grow at a CAGR of 3.6% during 2022 to 2032. Microcrystalline wax has several properties which make it highly beneficial for use in candle making. For one, they have a higher amount of branching, as well as a higher molecular weight. However, the melting point and consistency are highly dependent on the type and length of the carbon chain of the wax itself. They also have a relatively higher melting point than paraffin wax, with 130-171 degrees for soft types and 185 to 200 for hard types.
Competitive Landscape
The key companies operating in the microcrystalline wax market include Alfa Chemical Ltd, Asian Oil Company, Blended Waxes Inc., British Wax, Calumet Specialty Products Partners, L.P., CEPSA, DONGNAM PETROCHEMICALS HollyFrontier Refining & Marketing LLC, Indian Oil Corporation Limited, Kahl Wax, Keunen, Inc., Kerax Limited, MOL Group, Nippon Seiro Co. Ltd, Para melt BV, Sonneborn LLC, Shell Group, Strahl & Pitsch Inc, TER HELL & Co. Ltd, The International Group, Inc., and The Frank B. Ross Co.
Some of the recent development in Microcrystalline Wax are as follows:
- In May 2021, Calumet Specialty Products Partners, L.P., and Aevitas Inc. announced that they had entered into a partnership. Through this partnership, they will aim to bring their oil and wax products to the Canadian market, with Aevitas being the choice partner thanks to their wide network of infrastructure and fleet capabilities.
- In April 2022, Sonneborn, a brand under HF Sinclair, announced the selection of a distributor for their product, the Sono Jell Candle Base - IV, a crystalline wax modifier that can help form tight-knit crystalline structures in candles, leading to an overall more visually appealing product. The product can also speed up cooling, production, and packaging time. The distributor is to be North America’s Palmer Holland.
- In June 2021, British wax manufacturer Kerax and London’s Itero announced the start of a collaboration. Under this collaboration, Kerax signed an MOU for the purchase of 5000 tonnes/annum of recycled wax products from Itero in an attempt to further their efforts towards greener solutions and alternatives.
Similarly, recent developments related to companies manufacturing Microcrystalline Wax have been tracked by the team at Fact.MR, which is available in the full report.
Key Segments Covered in Survey
-
By Type:
- Flexible
- Hard
-
By Application:
- Candles
- Adhesives
- Packaging
- Personal Care & Cosmetics
- Rubbers
- Others
-
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Key Success Factors
- 6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032
- 7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032
- 8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Application
- 8.1. Candles
- 8.2. Adhesives
- 8.3. Packaging
- 8.4. Personal Care & Cosmetic
- 8.5. Rubber
- 8.6. Others
- 9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Type
- 9.1. Flexible
- 9.2. Hard
- 10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Europe
- 10.4. Asia Pacific
- 10.5. Middle East and Africa (MEA)
- 11. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 12. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 13. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 14. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 15. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 16. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. Alfa Chemicals
- 18.2. Alpha Wax
- 18.3. Blended Waxes Inc.
- 18.4. British Wax Ltd
- 18.5. Clarus Specialty Products LLC
- 18.6. Frank B. Ross Co. Inc.
- 18.7. Indian Oil Corporation Ltd
- 18.8. Industrial Raw Materials LLC
- 18.9. Koster Keunen
- 18.10. NIPPON SEIRO CO. LTD
- 18.11. Paramelt BV
- 18.12. Sonneborn LLC
- 18.13. SASOL
- 18.14. The International Group Inc.
- 18.15. Strahl & Pitsch Inc.
- 19. Assumptions and Acronyms Used
- 20. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Mn), By Application, 2015 to 2021
Table 2: Global Market Value (US$ Mn), By Application, 2022 to 2032
Table 3: Global Market Value (US$ Mn), By Type, 2015 to 2021
Table 4: Global Market Value (US$ Mn), By Type, 2022 to 2032
Table 5: Global Market, By Region, 2015 to 2021
Table 6: Global Market, By Region, 2022 to 2032
Table 7: North America Market Value (US$ Mn), By Application, 2015 to 2021
Table 8: North America Market Value (US$ Mn), By Application, 2022 to 2032
Table 9: North America Market Value (US$ Mn), By Type, 2015 to 2021
Table 10: North America Market Value (US$ Mn), By Type, 2022 to 2032
Table 11: North America Market, By Country, 2015 to 2021
Table 12: North America Market, By Country, 2022 to 2032
Table 13: Latin America Market Value (US$ Mn), By Application, 2015 to 2021
Table 14: Latin America Market Value (US$ Mn), By Application, 2022 to 2032
Table 15: Latin America Market Value (US$ Mn), By Type, 2015 to 2021
Table 16: Latin America Market Value (US$ Mn), By Type, 2022 to 2032
Table 17: Latin America Market, By Country, 2015 to 2021
Table 18: Latin America Market, By Country, 2022 to 2032
Table 19: Europe Market Value (US$ Mn), By Application, 2015 to 2021
Table 20: Europe Market Value (US$ Mn), By Application, 2022 to 2032
Table 21: Europe Market Value (US$ Mn), By Type, 2015 to 2021
Table 22: Europe Market Value (US$ Mn), By Type, 2022 to 2032
Table 23: Europe Market, By Country, 2015 to 2021
Table 24: Europe Market, By Country, 2022 to 2032
Table 25: Asia Pacific Market Value (US$ Mn), By Application, 2015 to 2021
Table 26: Asia Pacific Market Value (US$ Mn), By Application, 2022 to 2032
Table 27: Asia Pacific Market Value (US$ Mn), By Type, 2015 to 2021
Table 28: Asia Pacific Market Value (US$ Mn), By Type, 2022 to 2032
Table 29: Asia Pacific Market, By Country, 2015 to 2021
Table 30: Asia Pacific Market, By Country, 2022 to 2032
Table 31: MEA Market Value (US$ Mn), By Application, 2015 to 2021
Table 32: MEA Market Value (US$ Mn), By Application, 2022 to 2032
Table 33: MEA Market Value (US$ Mn), By Type, 2015 to 2021
Table 34: MEA Market Value (US$ Mn), By Type, 2022 to 2032
Table 35: MEA Market, By Country, 2015 to 2021
Table 36: MEA Market, By Country, 2022 to 2032
Table 37: Global Market Incremental $ Opportunity, By Application, 2015 to 2021
Table 38: Global Market Incremental $ Opportunity, By Type, 2022 to 2032
Table 39: Global Market Incremental $ Opportunity, By Region, 2022 to 2032
Table 40: North America Market Incremental $ Opportunity, By Application, 2015 to 2021
Table 41: North America Market Incremental $ Opportunity, By Type, 2022 to 2032
Table 42: North America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 43: Latin America Market Incremental $ Opportunity, By Application, 2015 to 2021
Table 44: Latin America Market Incremental $ Opportunity, By Type, 2022 to 2032
Table 45: Latin America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 46: Europe Market Incremental $ Opportunity, By Application, 2015 to 2021
Table 47: Europe Market Incremental $ Opportunity, By Type, 2022 to 2032
Table 48: Europe Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 49: Asia Pacific Market Incremental $ Opportunity, By Application, 2015 to 2021
Table 50: Asia Pacific Market Incremental $ Opportunity, By Type, 2022 to 2032
Table 51: Asia Pacific Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 52: MEA Market Incremental $ Opportunity, By Application, 2015 to 2021
Table 53: MEA Market Incremental $ Opportunity, By Type, 2022 to 2032
Table 54: MEA Market Incremental $ Opportunity, By Country, 2022 to 2032
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List Of Figures
Figure 1: Global Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 2: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Mn
Figure 3: Global Market Share, By Application, 2022 & 2032
Figure 4: Global Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 5: Global Market Attractiveness Index, By Application - 2022 to 2032
Figure 6: Global Market Share, By Type, 2022 & 2032
Figure 7: Global Market Y-o-Y Growth Projections, By Type - 2022 to 2032
Figure 8: Global Market Attractiveness Index, By Type - 2022 to 2032
Figure 9: Global Market Share, By Region, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Projections, By Region - 2022 to 2032
Figure 11: Global Market Attractiveness Index, By Region - 2022 to 2032
Figure 12: North America Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 13: North America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 14: North America Market Share, By Application, 2022 & 2032
Figure 15: North America Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 16: North America Market Attractiveness Index, By Application - 2022 to 2032
Figure 17: North America Market Share, By Type, 2022 & 2032
Figure 18: North America Market Y-o-Y Growth Projections, By Type - 2022 to 2032
Figure 19: North America Market Attractiveness Index, By Type - 2022 to 2032
Figure 20: North America Market Share, By Country, 2022 & 2032
Figure 21: North America Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 22: North America Market Attractiveness Index, By Country - 2022 to 2032
Figure 23: Latin America Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 24: Latin America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 25: Latin America Market Share, By Application, 2022 & 2032
Figure 26: Latin America Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 27: Latin America Market Attractiveness Index, By Application - 2022 to 2032
Figure 28: Latin America Market Share, By Type, 2022 & 2032
Figure 29: Latin America Market Y-o-Y Growth Projections, By Type - 2022 to 2032
Figure 30: Latin America Market Attractiveness Index, By Type - 2022 to 2032
Figure 31: Latin America Market Share, By Country, 2022 & 2032
Figure 32: Latin America Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 33: Latin America Market Attractiveness Index, By Country - 2022 to 2032
Figure 34: Europe Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 35: Europe Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 36: Europe Market Share, By Application, 2022 & 2032
Figure 37: Europe Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 38: Europe Market Attractiveness Index, By Application - 2022 to 2032
Figure 39: Europe Market Share, By Type, 2022 & 2032
Figure 40: Europe Market Y-o-Y Growth Projections, By Type - 2022 to 2032
Figure 41: Europe Market Attractiveness Index, By Type - 2022 to 2032
Figure 42: Europe Market Share, By Country, 2022 & 2032
Figure 43: Europe Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 44: Europe Market Attractiveness Index, By Country - 2022 to 2032
Figure 45: MEA Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 46: MEA Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 47: MEA Market Share, By Application, 2022 & 2032
Figure 48: MEA Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 49: MEA Market Attractiveness Index, By Application - 2022 to 2032
Figure 50: MEA Market Share, By Type, 2022 & 2032
Figure 51: MEA Market Y-o-Y Growth Projections, By Type - 2022 to 2032
Figure 52: MEA Market Attractiveness Index, By Type - 2022 to 2032
Figure 53: MEA Market Share, By Country, 2022 & 2032
Figure 54: MEA Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 55: MEA Market Attractiveness Index, By Country - 2022 to 2032
Figure 56: Asia Pacific Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 57: Asia Pacific Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 58: Asia Pacific Market Share, By Application, 2022 & 2032
Figure 59: Asia Pacific Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 60: Asia Pacific Market Attractiveness Index, By Application - 2022 to 2032
Figure 61: Asia Pacific Market Share, By Type, 2022 & 2032
Figure 62: Asia Pacific Market Y-o-Y Growth Projections, By Type - 2022 to 2032
Figure 63: Asia Pacific Market Attractiveness Index, By Type - 2022 to 2032
Figure 64: Asia Pacific Market Share, By Country, 2022 & 2032
Figure 65: Asia Pacific Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 66: Asia Pacific Market Attractiveness Index, By Country - 2022 to 2032
Figure 67: US Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 68: US Market Share, By Application, 2021
Figure 69: US Market Share, By Type, 2021
Figure 70: Canada Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 71: Canada Market Share, By Application, 2021
Figure 72: Canada Market Share, By Type, 2021
Figure 73: Brazil Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 74: Brazil Market Share, By Application, 2021
Figure 75: Brazil Market Share, By Type, 2021
Figure 76: Mexico Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 77: Mexico Market Share, By Application, 2021
Figure 78: Mexico Market Share, By Type, 2021
Figure 79: Germany Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 80: Germany Market Share, By Application, 2021
Figure 81: Germany Market Share, By Type, 2021
Figure 82: U.K. Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 83: U.K. Market Share, By Application, 2021
Figure 84: U.K. Market Share, By Type, 2021
Figure 85: France Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 86: France Market Share, By Application, 2021
Figure 87: France Market Share, By Type, 2021
Figure 88: Italy Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 89: Italy Market Share, By Application, 2021
Figure 90: Italy Market Share, By Type, 2021
Figure 91: BENELUX Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 92: BENELUX Market Share, By Application, 2021
Figure 93: BENELUX Market Share, By Type, 2021
Figure 94: Nordic Countries Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 95: Nordic Countries Market Share, By Application, 2021
Figure 96: Nordic Countries Market Share, By Type, 2021
Figure 97: China Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 98: China Market Share, By Application, 2021
Figure 99: China Market Share, By Type, 2021
Figure 100: Japan Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 101: Japan Market Share, By Application, 2021
Figure 102: Japan Market Share, By Type, 2021
Figure 103: South Korea Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 104: South Korea Market Share, By Application, 2021
Figure 105: South Korea Market Share, By Type, 2021
Figure 106: GCC Countries Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 107: GCC Countries Market Share, By Application, 2021
Figure 108: GCC Countries Market Share, By Type, 2021
Figure 109: South Africa Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 110: South Africa Market Share, By Application, 2021
Figure 111: South Africa Market Share, By Type, 2021
Figure 112: Turkey Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 113: Turkey Market Share, By Application, 2021
Figure 114: Turkey Market Share, By Type, 2021
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How much is the global Microcrystalline Wax Market currently worth?
The global Microcrystalline Wax market was valued at US$ 1.3 Bn in 2022.
What is the Microcrystalline Wax market Forecast through 2032?
The Microcrystalline Wax industry is set to witness a growth rate of 4% over the forecast period, up from its historical CAGR of 3.6% and be valued at US$ 1.9 Bn by 2032.
Who are the top 5 countries driving the highest sales of Microcrystalline Wax?
US, UK, China, Japan, and South Korea are expected to be the major drivers of sales.
What is the US market outlook for Microcrystalline Wax?
The market in the US accounts for over 30% of the global demand.
At what rate did demand for Microcrystalline Wax increase over the past years?
The Microcrystalline Wax market experienced an expansion of 3.6% from 2015 through 2021.
Who are the key players shaping the Microcrystalline Wax Industry?
Alfa Chemical Ltd, Asian Oil Company, Blended Waxes Inc., British Wax, Calumet Specialty Products Partners, L. P., CEPSA, DONGNAM PETROCHEMICALS HollyFrontier Refining & Marketing LLC, Indian Oil Corporation Limited, KahlWax, Keunen, Inc., Kerax Limited,
Microcrystalline Wax Market