The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, and construction materials are facing a diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in the supply of raw materials, which directly affected the manufacturing process. Further, the halt in many end-use industries directly affected the chemical demand all around the world.
Carnauba Wax Market Overview
The global Carnauba Wax Market was valued at $290.56 million in 2021 and is expected to rise at a 4.2% CAGR from 2023 to 2030, reaching $371.92 million by 2030.
Carnauba wax is plant-based resin wax that is obtained from palm leaves of Copernicia prunifera which is found in Brazil. The wax is produced by beating the dried leaves of the palm and then refining it. Carnauba wax is the naturally occurring hardest wax. It has durability and a high melting point so it is widely used in pharmaceuticals and cosmetics, automobile industry and others.
The high demand of consumers for naturally-derived products is boosting the market growth. Carnauba wax is hypoallergic and easy to swallow so it is widely used in the pharmaceutical industry for coating pills. The food & beverage industry doing innovation for products such as carnauba wax that facilitating the market development. Furthermore, due to its high melting point and attractive characteristics, it become the desired choice as an additive in the cosmetic industry for making lipsticks, lip balms, mascaras, and others. These are few other key aspects positively affecting the growth of carnauba wax market.
On other hand, the tropical variety of carnauba wax may occur some side effects such as contact dermatitis, skin rash, etc. hampering the growth of the carnauba wax market. Besides, due to less commercialization, the carnauba wax market offers a low-profit margin to the manufacturers globally.
Carnauba Wax Market Segment Overview
With diverse applications, carnauba wax is used in the manufacturing of coated chocolates, chewing gums, and dental floss, etc. Also owing to its hardness characteristics it is broadly used as polish wax for cars, furniture, and surfboard. Moreover, carnauba wax contains properties such as hardness and viscosity due to this, it is extensively used as polish wax in the automobile industry. Carnauba wax has become more popular among consumers as compared to bee wax; these are some reasons facilitating market development.
Carnauba Wax Regional Overview
Based on region, The Asia-Pacific shows remarkable growth in the global carnauba wax market and is expected to retain its position throughout the forecast period. North America and Europe are anticipated to expand at a moderate growth in coming years. Due to capitative growth in the pharmaceuticals industry. Carnauba wax is mostly used in the production of tablets and capsules as a coating & glazing agent. European countries, such as Germany are expected to show notable growth in the global carnauba wax market.
Carnauba Wax Market, Key Players
· Trahl & Pitsch, Inc.
· Poth Hille & Co Ltd
· Koster Keunen, LLC.
· Calwax
· Kahl gmbh & CO. KG
· Frank B. Ross Co., Inc.
· Akrochem Corporation
Carnauba Wax Market Segmentation
Carnauba Wax Market, By Form
· Powder
· Flakes
· Pellet
Carnauba Wax Market, By Source
· Natural
· Organic
Carnauba Wax Market, By End User
· Food & Beverages
· Automobiles
· Personal Care
· Pharmaceutical
· Others
Carnauba Wax market, By Region
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Carnauba Wax Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Form
- 5.2.1. Powder
- 5.2.2. Flakes
- 5.2.3. Pellet
- 5.3. Market Analysis, Insights and Forecast – By Source
- 5.3.1. Natural
- 5.3.2. Organic
- 5.4. Market Analysis, Insights and Forecast – By End User
- 5.4.1. Food & Beverages
- 5.4.2. Automobiles
- 5.4.3. Personal Care
- 5.4.4. Pharmaceutical
- 5.4.5. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Carnauba Wax Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Form
- 6.2.1. Powder
- 6.2.2. Flakes
- 6.2.3. Pellet
- 6.3. Market Analysis, Insights and Forecast – By Source
- 6.3.1. Natural
- 6.3.2. Organic
- 6.4. Market Analysis, Insights and Forecast – By End User
- 6.4.1. Food & Beverages
- 6.4.2. Automobiles
- 6.4.3. Personal Care
- 6.4.4. Pharmaceutical
- 6.4.5. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Carnauba Wax Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Form
- 7.2.1. Powder
- 7.2.2. Flakes
- 7.2.3. Pellet
- 7.3. Market Analysis, Insights and Forecast – By Source
- 7.3.1. Natural
- 7.3.2. Organic
- 7.4. Market Analysis, Insights and Forecast – By End User
- 7.4.1. Food & Beverages
- 7.4.2. Automobiles
- 7.4.3. Personal Care
- 7.4.4. Pharmaceutical
- 7.4.5. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Carnauba Wax Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Form
- 8.2.1. Powder
- 8.2.2. Flakes
- 8.2.3. Pellet
- 8.3. Market Analysis, Insights and Forecast – By Source
- 8.3.1. Natural
- 8.3.2. Organic
- 8.4. Market Analysis, Insights and Forecast – By End User
- 8.4.1. Food & Beverages
- 8.4.2. Automobiles
- 8.4.3. Personal Care
- 8.4.4. Pharmaceutical
- 8.4.5. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Carnauba Wax Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Form
- 9.2.1. Powder
- 9.2.2. Flakes
- 9.2.3. Pellet
- 9.3. Market Analysis, Insights and Forecast – By Source
- 9.3.1. Natural
- 9.3.2. Organic
- 9.4. Market Analysis, Insights and Forecast – By End User
- 9.4.1. Food & Beverages
- 9.4.2. Automobiles
- 9.4.3. Personal Care
- 9.4.4. Pharmaceutical
- 9.4.5. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Carnauba Wax Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Form
- 10.2.1. Powder
- 10.2.2. Flakes
- 10.2.3. Pellet
- 10.3. Market Analysis, Insights and Forecast – By Source
- 10.3.1. Natural
- 10.3.2. Organic
- 10.4. Market Analysis, Insights and Forecast – By End User
- 10.4.1. Food & Beverages
- 10.4.2. Automobiles
- 10.4.3. Personal Care
- 10.4.4. Pharmaceutical
- 10.4.5. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2021
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. Trahl & Pitsch, Inc.
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. Poth Hille & Co Ltd
- 11.6. Koster Keunen, LLC.
- 11.7. Calwax
- 11.8. Kahl gmbh & CO. KG
- 11.9. Frank B. Ross Co., Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
