Covid-19 Impact on Carnauba Wax Market: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 OverviewThe 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 OverviewWith 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 OverviewBased 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 SegmentationCarnauba 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
- 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
List of Figures
Figure 1: Global Carnauba Wax Market Revenue Breakdown (USD Billion, %) by Region, 2023 & 2030
Figure 2: Global Carnauba Wax Market Value Share (%), By Segment 1, 2023 & 2030
Figure 3: Global Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 4: Global Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 5: Global Carnauba Wax Market Value Share (%), By Segment 2, 2023 & 2030
Figure 6: Global Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 7: Global Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 8: Global Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 9: Global Carnauba Wax Market Forecast (USD Billion), by Others, 2021-2030
Figure 10: Global Carnauba Wax Market Value Share (%), By Segment 3, 2023 & 2030
Figure 11: Global Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 12: Global Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 13: Global Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 14: Global Carnauba Wax Market Forecast (USD Billion), by Others, 2021-2030
Figure 15: Global Carnauba Wax Market Value (USD Billion), by Region, 2023 & 2030
Figure 16: North America Carnauba Wax Market Value Share (%), By Segment 1, 2023 & 2030
Figure 17: North America Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 18: North America Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 19: North America Carnauba Wax Market Value Share (%), By Segment 2, 2023 & 2030
Figure 20: North America Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 21: North America Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 22: North America Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 23: North America Carnauba Wax Market Forecast (USD Billion), by Others, 2021-2030
Figure 24: North America Carnauba Wax Market Value Share (%), By Segment 3, 2023 & 2030
Figure 25: North America Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 26: North America Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 27: North America Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 28: North America Carnauba Wax Market Forecast (USD Billion), by Others, 2021-2030
Figure 29: North America Carnauba Wax Market Forecast (USD Billion), by U.S., 2021-2030
Figure 30: North America Carnauba Wax Market Forecast (USD Billion), by Canada, 2021-2030
Figure 31: Latin America Carnauba Wax Market Value Share (%), By Segment 1, 2023 & 2030
Figure 32: Latin America Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 33: Latin America Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 34: Latin America Carnauba Wax Market Value Share (%), By Segment 2, 2023 & 2030
Figure 35: Latin America Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 36: Latin America Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 37: Latin America Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 38: Latin America Carnauba Wax Market Forecast (USD Billion), by Others, 2021-2030
Figure 39: Latin America Carnauba Wax Market Value Share (%), By Segment 3, 2023 & 2030
Figure 40: Latin America Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 41: Latin America Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 42: Latin America Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 43: Latin America Carnauba Wax Market Forecast (USD Billion), by Others, 2021-2030
Figure 44: Latin America Carnauba Wax Market Forecast (USD Billion), by Brazil, 2021-2030
Figure 45: Latin America Carnauba Wax Market Forecast (USD Billion), by Mexico, 2021-2030
Figure 46: Latin America Carnauba Wax Market Forecast (USD Billion), by Rest of Latin America, 2021-2030
Figure 47: Europe Carnauba Wax Market Value Share (%), By Segment 1, 2023 & 2030
Figure 48: Europe Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 49: Europe Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 50: Europe Carnauba Wax Market Value Share (%), By Segment 2, 2023 & 2030
Figure 51: Europe Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 52: Europe Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 53: Europe Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 54: Europe Carnauba Wax Market Forecast (USD Billion), by Others, 2021-2030
Figure 55: Europe Carnauba Wax Market Value Share (%), By Segment 3, 2023 & 2030
Figure 56: Europe Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 57: Europe Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 58: Europe Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 59: Europe Carnauba Wax Market Forecast (USD Billion), by Others, 2021-2030
Figure 60: Europe Carnauba Wax Market Forecast (USD Billion), by U.K., 2021-2030
Figure 61: Europe Carnauba Wax Market Forecast (USD Billion), by Germany, 2021-2030
Figure 62: Europe Carnauba Wax Market Forecast (USD Billion), by France, 2021-2030
Figure 63: Europe Carnauba Wax Market Forecast (USD Billion), by Italy, 2021-2030
Figure 64: Europe Carnauba Wax Market Forecast (USD Billion), by Spain, 2021-2030
Figure 65: Europe Carnauba Wax Market Forecast (USD Billion), by Russia, 2021-2030
Figure 66: Europe Carnauba Wax Market Forecast (USD Billion), by Rest of Europe, 2021-2030
Figure 67: Asia Pacific Carnauba Wax Market Value Share (%), By Segment 1, 2023 & 2030
Figure 68: Asia Pacific Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 69: Asia Pacific Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 70: Asia Pacific Carnauba Wax Market Value Share (%), By Segment 2, 2023 & 2030
Figure 71: Asia Pacific Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 72: Asia Pacific Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 73: Asia Pacific Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 74: Asia Pacific Carnauba Wax Market Forecast (USD Billion), by Others, 2021-2030
Figure 75: Asia Pacific Carnauba Wax Market Value Share (%), By Segment 3, 2023 & 2030
Figure 76: Asia Pacific Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 77: Asia Pacific Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 78: Asia Pacific Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 79: Asia Pacific Carnauba Wax Market Forecast (USD Billion), by Others, 2021-2030
Figure 80: Asia Pacific Carnauba Wax Market Forecast (USD Billion), by China, 2021-2030
Figure 81: Asia Pacific Carnauba Wax Market Forecast (USD Billion), by India, 2021-2030
Figure 82: Asia Pacific Carnauba Wax Market Forecast (USD Billion), by Japan, 2021-2030
Figure 83: Asia Pacific Carnauba Wax Market Forecast (USD Billion), by Australia, 2021-2030
Figure 84: Asia Pacific Carnauba Wax Market Forecast (USD Billion), by Southeast Asia, 2021-2030
Figure 85: Asia Pacific Carnauba Wax Market Forecast (USD Billion), by Rest of Asia Pacific, 2021-2030
Figure 86: Middle East & Africa Carnauba Wax Market Value Share (%), By Segment 1, 2023 & 2030
Figure 87: Middle East & Africa Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 88: Middle East & Africa Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 89: Middle East & Africa Carnauba Wax Market Value Share (%), By Segment 2, 2023 & 2030
Figure 90: Middle East & Africa Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 91: Middle East & Africa Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 92: Middle East & Africa Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 93: Middle East & Africa Carnauba Wax Market Forecast (USD Billion), by Others, 2021-2030
Figure 94: Middle East & Africa Carnauba Wax Market Value Share (%), By Segment 3, 2023 & 2030
Figure 95: Middle East & Africa Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 1, 2021-2030
Figure 96: Middle East & Africa Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 2, 2021-2030
Figure 97: Middle East & Africa Carnauba Wax Market Forecast (USD Billion), by Sub-Segment 3, 2021-2030
Figure 98: Middle East & Africa Carnauba Wax Market Forecast (USD Billion), by Others, 2021-2030
Figure 99: Middle East & Africa Carnauba Wax Market Forecast (USD Billion), by GCC, 2021-2030
Figure 100: Middle East & Africa Carnauba Wax Market Forecast (USD Billion), by South Africa, 2021-2030
Figure 101: Middle East & Africa Carnauba Wax Market Forecast (USD Billion), by Rest of Middle East & Africa, 2021-2030
List of Tables
Table 1: Global Carnauba Wax Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
Table 2: Global Carnauba Wax Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
Table 3: Global Carnauba Wax Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
Table 4: Global Carnauba Wax Market Revenue (USD Billion) Forecast, by Region, 2021-2030
Table 5: North America Carnauba Wax Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
Table 6: North America Carnauba Wax Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
Table 7: North America Carnauba Wax Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
Table 8: North America Carnauba Wax Market Revenue (USD Billion) Forecast, by Country, 2021-2030
Table 9: Europe Carnauba Wax Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
Table 10: Europe Carnauba Wax Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
Table 11: Europe Carnauba Wax Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
Table 12: Europe Carnauba Wax Market Revenue (USD Billion) Forecast, by Country, 2021-2030
Table 13: Latin America Carnauba Wax Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
Table 14: Latin America Carnauba Wax Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
Table 15: Latin America Carnauba Wax Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
Table 16: Latin America Carnauba Wax Market Revenue (USD Billion) Forecast, by Country, 2021-2030
Table 17: Asia Pacific Carnauba Wax Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
Table 18: Asia Pacific Carnauba Wax Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
Table 19: Asia Pacific Carnauba Wax Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
Table 20: Asia Pacific Carnauba Wax Market Revenue (USD Billion) Forecast, by Country, 2021-2030
Table 21: Middle East & Africa Carnauba Wax Market Revenue (USD Billion) Forecast, by Segment 1, 2021-2030
Table 22: Middle East & Africa Carnauba Wax Market Revenue (USD Billion) Forecast, by Segment 2, 2021-2030
Table 23: Middle East & Africa Carnauba Wax Market Revenue (USD Billion) Forecast, by Segment 3, 2021-2030
Table 24: Middle East & Africa Carnauba Wax Market Revenue (USD Billion) Forecast, by Country, 2021-2030
Research Process
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
Primary Research
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 Research
Secondary 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 Estimation
Both, 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
