Montan Wax Market to Growth in Plastic Industry to Drive Market 2026

According to a new report ‘Montan Wax – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026 published by Transparency Market Research (TMR) , the global montan wax market was valued at US$ 118 Million in 2017 and is anticipated to expand at a CAGR of more than 4.0% from 2018 to 2026. Rise in demand for plastics is driving the global market. In terms of value, the market in Asia Pacific is anticipated to expand at a CAGR of more than 4.0% during the forecast period. Montan wax is designed to withstand severe operating conditions as well as environmental impacts.

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Coating Agents Segment to Dominate Global Montan Wax Market

Increase in usage of montan wax in coating agents is estimated to propel the montan wax market during the forecast period. Demand for montan wax is rising, as it constantly delivers outstanding performance and benefits in the coating agents segment. Montan wax is widely used as coating agents in automotive coatings, furniture coatings, and fruit coating. The lubricants segment also holds significant share of the global montan wax market, as this wax is used as lubricant in various machinery and plastic processes, especially for engineering plastics.

Key players operating in the global montan wax market include ROMONTA GmbH, Clariant, Mayur Dyes & Chemicals Corporation, S. KATO & CO., Yunphos, Poth Hille, Frank B. Ross Co., Inc., Völpker Special Products GmbH, FIRST SOURCE WORLDWIDE, LLC., AmeriLubes, L.L.C., Carmel Industries, Parchvale Ltd., MÜNZING Corporation, and ALTANA. These companies engage in acquisitions and joint ventures to enhance their market position.

The global montan wax market has been segmented as follows:

Global Montan Wax Market, by Function

Emulsions
Lubricants
Thickening Agents
Release Agents
Coating Agents
Nucleating Agents
Dispersants
Others (including Slip Agents and Anti-corroding Agents)