Carnauba Wax Market to Register a Healthy CAGR for the Forecast Period 2017-2027

Waxes are extensively used by various end user industries. Natural waxes are obtained through ecological process of biogenesis without any involvement of chemical process. Natural waxes can be derived from plant as well as animal source and represents renewable source of wax. Thereby, gaining traction among wax manufacturers. Carnauba wax is plant based resin wax which is obtained from palm leaves of Copernicia prunifera, found exclusively in Brazil. The wax is attained by beating the dried leaves of palm and then refining it. Carnauba wax is considered to be naturally occurring hardest wax. Due to its durability and high melting point, carnauba wax finds extensive use in various sectors such as cosmetics, automobiles, pharmaceuticals among others. Carnauba wax is consist of various exclusive properties such as it swells when exposed to water, has potential to retain oil and exhibits prominent glossy characteristics differentiating it from other naturally occurring wax. Apart from natural source, carnauba wax can also be obtained organically by filtering the highest quality of untreated carnauba wax.

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Increasing inclination of consumers towards naturally-derived products is driving the market for carnauba wax. Carnauba wax is hypo allergic in nature and easy to swallow hence finds extensive use in pharmaceutical industry for pills coating. As food & beverage industry is under continuous innovation, product such as carnauba wax that exhibit excellent emulsifying properties and binding capacity for oils, are gaining traction. Moreover, due to its high melting point and glossy characteristics it is becoming a desired natural additive choice among manufacturers of cosmetic industry for manufacturing of lip balms, lipsticks, mascaras among others. Thus, broad spectrum applicability of carnauba wax is propelling the market growth. Moreover, due to its hardness and viscosity modifier properties, it is extensively used as polish wax in automobile industry. Carnauba wax is gaining traction among consumers over the bee wax due to broad base of application hence accelerating the market growth.

However, the tropical variety of carnauba wax may cause some side effects such as skin rash, contact dermatitis, inflammation of hair follicle. Thereby, restraining the growth of carnauba wax market. Moreover, owing to less commercialisation, carnauba wax market offers low profitability margins to the manufacturers across the globe.

The global carnauba wax market is categorised into seven regions, namely, Western Europe, Eastern Europe Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ), , Japan Latin America and, North America. Brazil accounts for the major share of the market as it is exclusively cultivated in the North-eastern Brazil. Asia pacific region is considered to be prominent segment for growth due to opportunistic investment and manufacturing hub for various industries under which carnauba wax finds extensive use. North America exports its major share of carnauba wax from Brazil.

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.

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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.

Carnauba Wax Market Driven by Increasing Inclination of Consumers towards Naturally-Derived Products

Global Carnauba Wax Market: Overview

Waxes are extensively used by various end user industries. Natural waxes are obtained through ecological process of biogenesis without any involvement of chemical process. Natural waxes can be derived from plant as well as animal source and represents renewable source of wax. Thereby, gaining traction among wax manufacturers. Carnauba wax is plant based resin wax which is obtained from palm leaves of Copernicia prunifera, found exclusively in Brazil. The wax is attained by beating the dried leaves of palm and then refining it. Carnauba wax is considered to be naturally occurring hardest wax. Due to its durability and high melting point, carnauba wax finds extensive use in various sectors such as cosmetics, automobiles, pharmaceuticals among others. Carnauba wax is consist of various exclusive properties such as it swells when exposed to water, has potential to retain oil and exhibits prominent glossy characteristics differentiating it from other naturally occurring wax. Apart from natural source, carnauba wax can also be obtained organically by filtering the highest quality of untreated carnauba wax.

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Global Carnauba Wax Market: Drivers and Restraints

Increasing inclination of consumers towards naturally-derived products is driving the market for carnauba wax. Carnauba wax is hypo allergic in nature and easy to swallow hence finds extensive use in pharmaceutical industry for pills coating. As food & beverage industry is under continuous innovation, product such as carnauba wax that exhibit excellent emulsifying properties and binding capacity for oils, are gaining traction. Moreover, due to its high melting point and glossy characteristics it is becoming a desired natural additive choice among manufacturers of cosmetic industry for manufacturing of lip balms, lipsticks, mascaras among others. Thus, broad spectrum applicability of carnauba wax is propelling the market growth. Moreover, due to its hardness and viscosity modifier properties, it is extensively used as polish wax in automobile industry. Carnauba wax is gaining traction among consumers over the bee wax due to broad base of application hence accelerating the market growth.

However, the tropical variety of carnauba wax may cause some side effects such as skin rash, contact dermatitis, inflammation of hair follicle. Thereby, restraining the growth of carnauba wax market. Moreover, owing to less commercialisation, carnauba wax market offers low profitability margins to the manufacturers across the globe.

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Global Carnauba Wax Market: Region wise Outlook

The global carnauba wax market is categorised into seven regions, namely, Western Europe, Eastern Europe Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ), , Japan Latin America and, North America. Brazil accounts for the major share of the market as it is exclusively cultivated in the North-eastern Brazil. Asia pacific region is considered to be prominent segment for growth due to opportunistic investment and manufacturing hub for various industries under which carnauba wax finds extensive use. North America exports its major share of carnauba wax from Brazil.

Global Carnauba Wax Market: Key Players

Some of the prominent players identified in the global carnauba wax market includes:

• Strahl & Pitsch, Inc.
• Poth Hille & Co Ltd
• Koster Keunen, LLC.
• Calwax
• Kahl GmbH & CO. KG
• Frank B. Ross Co., Inc.
• Akrochem Corporation

Strategic Insight into the Global Carnauba Wax Market, 2017

Global Carnauba Wax Market: Overview

Waxes are extensively used by various end user industries. Natural waxes are obtained through ecological process of biogenesis without any involvement of chemical process. Natural waxes can be derived from plant as well as animal source and represents renewable source of wax. Thereby, gaining traction among wax manufacturers. Carnauba wax is plant based resin wax which is obtained from palm leaves of Copernicia prunifera, found exclusively in Brazil. The wax is attained by beating the dried leaves of palm and then refining it. Carnauba wax is considered to be naturally occurring hardest wax. Due to its durability and high melting point, carnauba wax finds extensive use in various sectors such as cosmetics, automobiles, pharmaceuticals among others. Carnauba wax is consist of various exclusive properties such as it swells when exposed to water, has potential to retain oil and exhibits prominent glossy characteristics differentiating it from other naturally occurring wax. Apart from natural source, carnauba wax can also be obtained organically by filtering the highest quality of untreated carnauba wax.

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Global Carnauba Wax Market: Drivers and Restraints

Increasing inclination of consumers towards naturally-derived products is driving the market for carnauba wax. Carnauba wax is hypo allergic in nature and easy to swallow hence finds extensive use in pharmaceutical industry for pills coating. As food & beverage industry is under continuous innovation, product such as carnauba wax that exhibit excellent emulsifying properties and binding capacity for oils, are gaining traction. Moreover, due to its high melting point and glossy characteristics it is becoming a desired natural additive choice among manufacturers of cosmetic industry for manufacturing of lip balms, lipsticks, mascaras among others. Thus, broad spectrum applicability of carnauba wax is propelling the market growth. Moreover, due to its hardness and viscosity modifier properties, it is extensively used as polish wax in automobile industry. Carnauba wax is gaining traction among consumers over the bee wax due to broad base of application hence accelerating the market growth.

However, the tropical variety of carnauba wax may cause some side effects such as skin rash, contact dermatitis, inflammation of hair follicle. Thereby, restraining the growth of carnauba wax market. Moreover, owing to less commercialisation, carnauba wax market offers low profitability margins to the manufacturers across the globe.

Global Carnauba Wax Market: Segmentation

With widespread applications, carnauba wax is used in the manufacturing of chewing gums, coated chocolates, lip balms, lipsticks, and dental floss, owing to its glossy and stabilizing characteristics. Moreover, due to its hardness characteristics it is extensively used as polish wax for car, furniture and surf board.

On the basis of end user, carnauba wax market is segmented into:-

• Food & Beverages
• Automobiles
• Personal Care
• Pharmaceutical
• Others

On the basis of source, carnauba wax market is segmented into:-

• Natural
• Organic

On the basis of form, carnauba wax market is segmented into:-

• Powder
• Flakes
• Pellet

Global Carnauba Wax Market: Region wise Outlook

The global carnauba wax market is categorised into seven regions, namely, Western Europe, Eastern Europe Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ), , Japan Latin America and, North America. Brazil accounts for the major share of the market as it is exclusively cultivated in the North-eastern Brazil. Asia pacific region is considered to be prominent segment for growth due to opportunistic investment and manufacturing hub for various industries under which carnauba wax finds extensive use. North America exports its major share of carnauba wax from Brazil.

Global Organic Hair Care Market: Key Players

Some of the prominent players identified in the global carnauba wax market includes:

• Strahl & Pitsch, Inc.
• Poth Hille & Co Ltd
• Koster Keunen, LLC.
• Calwax
• Kahl GmbH & CO. KG
• Frank B. Ross Co., Inc.
• Akrochem Corporation