The Global Microcrystalline Wax Market Growth 2019-2024 is a research report available at DecisionDatabases.com.
Microcrystalline wax is a refined mixture of solid, saturated hydrocarbons, mainly branched paraffin, obtained from petroleum.
Microcrystalline wax is a refined mixture of solid, saturated hydrocarbons, mainly branched paraffin, obtained from petroleum. Microcrystalline wax has many types according to different melting point. Commonly, microcrystalline wax is applied in rubber industry, explosive industry, cosmetic and pharmaceutical, food industry, resin industry, electronics industry and others. In 2015, amount of microcrystalline wax applied in rubber industry took 24.39%. Cosmetic and pharmaceutical used microcrystalline wax took 13.75% and explosive industry used 12.97% of global microcrystalline wax. Microcrystalline wax used in food industry took 10.48%. In resin industry, microcrystalline wax consumed amount took 14.38% of total.
According to this study, over the next five years the Microcrystalline Wax market will register a 3.7% CAGR in terms of revenue, the global market size will reach US$ 990 million by 2024, from US$ 790 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Microcrystalline Wax business, shared in Chapter 3.
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The key manufacturers covered in this report:
- Strahl & Pitsch
- International Group (IGI)
- Frank B. Ross
- Sinopec Nanyang Energy Chemical
- Huatai Chemical
- Kahl Wax
- Industrial Raw Materials (IRM)
- Taiwan Wax
- Hase Petroleum Wax
- Nippon Seiro
- Blended Waxe (BWI)
- Senlin Laye
- Dongnam Petrochemicals
Segmentation by product type:
Segmentation by application:
- Rubber industry
- Explosive industry
- Cosmetic and Pharmaceutical
- Food industry
- Resin industry
- Electronics industry
This report also splits the market by region:
- United States
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- To study and analyze the global Microcrystalline Wax consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Microcrystalline Wax market by identifying its various subsegments.
- Focuses on the key global Microcrystalline Wax manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Microcrystalline Wax with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Microcrystalline Wax submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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