The report "Wax Emulsion Market by Material Base (Synthetic and Natural), by Type (Polyethylene, Paraffin, Carnauba, Polypropylene, and Others), by End Use Industry (Paints & Coatings, Adhesives & Sealants, Cosmetics, Textiles, and Others), by Region - Global Forecast to 2021", The global wax emulsions market is expected to reach USD 3.2 Million by 2021, at a CAGR of 3.9% from 2016 to 2021. A key driving factor for the growth of the wax emulsion market is consequent rise in the demand for paints & coatings, and adhesives & sealants.
Browse 96 market data Tables and 53 Figures spread through 149 Pages and in-depth TOC on "Wax Emulsion Market - Global Forecast to 2021"
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Polyethylene segment to dominate the global wax emulsion market
Polyethylene has been widely used in the paints & coatings industry across major regions. Polyethylene and paraffin are mainly used in for better slip, scratch resistance, and water resistance on the surfaces. Cost effectiveness, and easy availability of polyethylene makes it a most preferred raw material over other raw materials for wax emulsions.
Paints & coatings is the major end use industry in the global wax emulsion market
The paints & coatings segment is the largest contributor to the global wax emulsion market. Almost one third of the global wax emulsion produced is consumed by the paints & coatings industry. This is mainly attributed to better chemical stability and environment friendly characteristics of wax emulsions. The absence of substitutes also drives the growth of wax emulsion market. In fact, solvent system is expected to get replaced by wax emulsion in paints & coatings, which is more eco-friendly option for the manufacturers.
Asia-Pacific is the most dominant region in the global wax emulsion market
Asia-Pacific dominates the global wax emulsion market. Increasing demand from industries such as adhesives & sealants and paints & coatings is likely to drive the growth of wax emulsion market in this region. This region is becoming one of the most favorable investment locations all over the world because of easily available and cost-effective labor. This in turn helps the industrial sector in the region grow rapidly in recent times, which is further driving the demand for wax emulsion in the region.
Some of the key players operating in the global wax emulsion market include Michelman Inc. (U.S.), Altana AG (Germany), BASF SE (Germany), Nippon Seiro Co., Ltd. (Japan), Sasol Ltd. (South Africa), The Dow Chemical Company (U.S.), Exxon Mobile Corp. (U.S.), Momentive Performance Materials Inc. (U.S.), Lubrizol Corporation (U.S.), and Danquinsa GmbH (Germany).
The global wax emulsion market is segmented on the basis of material base (synthetic natural), type (polyethylene, paraffin, carnauba, polypropylene, and others), end use industry (paints & coatings, adhesives & sealants, cosmetics, textiles, and others), region (Asia-Pacific, North America, Europe, RoW).
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