Carnauba Wax Market Feeding off Flourishing Automotive, Food, and Cosmetics Industries

With melting point of 180 – 187 °F, relative density of abount 0.97, and insolubility to water makes carnauba wax one of the hardest in its fraternity and applications are expanding beyond the automotive industry to pharmaceutical, cosmetics, and food. There is abundance of raw materials, palm Copernicia prunifera, in Brazil and the end use industries are utilizing it to produce automobile waxes, food products such as sweets, paper coating, and cosmetics such as foundations, eye shadows, eyeliners, deodorants, and lipstick. According to an up to date business intelligence publication from Transparency Market Research (TMR), the demand in the global carnauba wax market will increasing at a notable compound annual growth rate (CAGR) during the forecast period of 2017 to 2027.

Download PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=24209

Confectionery Manufacturers Generating Substantial Demand

Among a number of factors that are poised to augment the demand for carnauba wax in the near future, increasing demand for confectionery products is a prominent one. Manufacturers of confectioneries have mushroomed that cater to localized or global demands, extensively utilizing carnauba wax for the production of products such as sugar-coated gums, compound-coated dragees, toffees, and jellies. Carnauba wax reduces the chances of the formation of spots on the surface of products by the means of glazing, stabilizing, sealing, and whitening these products. In the coming years, this specialty wax is also expected to gain application as anti-sticking agent in jellies and gums. This also aids to texturing the products without the usage of gelatin.

Some of the key trends emerging in the carnauba wax market are: rising demand from the automotive and pharmaceutical industry and increasing consumer awareness regarding organic products. On the other hand, high cost of manufacturing is substantially curtailing the progress of this market.

Comprehensive Assessment of Market Dynamics and Segments

This TMR report, titled “Carnauba Wax Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2027,” has been developed by an experienced research analyst. The aspiration behind compiling this carnauba wax market report was to showcase its futuristic potential in terms of profits as well as highlight those segments that are primed to produce greater demand than the rest. Some of the intended audiences of the report are carnauba wax manufacturers, traders and distributors of raw materials and finished products, and investors. The report provides assessment of the current scenario of the market, bifurcates it into smaller segments, and gauges the demand potential of different and important regions and countries. It also contains a dedicated chapter on vendor landscape, wherein a number of leading players have been profiled for their geographical presence, product and technology portfolio, and recent strategic decisions including mergers and acquisitions, collaborations, and alliances.

Based on product type, the carnauba wax market can be segmented into prime yellow micronized, fatty grey (Type 4), extra light fatty grey (Type 3), and prime yellow (Type 1). On the basis of form, the market can be bifurcated into lumps, powder, and flakes, whereas application-wise, the market can be classified into food coatings, release agents, polishes, and additives.

Brasil Ceras, Tropical Ceras do Brasil Ltda., Strahl & Pitsch, Inc., Carmel Wax Inc., PARAMELT, Kerax Limited, FONCEPI, Micro Powders, Inc., Kahl GmbH & CO. KG, and AMEDEO BRASCA are some of the key players operating in this market.