Candelilla Wax Market Outlook | Growth Prospects & Key Opportunities| Forecast To 2023

The global candelilla wax market will experience massive growth during the forecast period. Credits to the exceptional oil binding characteristics that enhances the texture and stability of candelilla wax and delivers good mold release, develops softness, surface gloss and firmness. Candelilla wax is a plant-based material, which is hard, brittle and can be easily grounded. It is used to combine the beeswax and carnauba wax to augment the adhesion and is further employed as a lubricant, glazing agent and surface-finishing agent.

Candelilla wax is rich in nutrients and gets easily absorbed into the skin due to which the demand for this wax is growing steadily from the cosmetic industry. It helps to thicken some specific products such as eye-shadow, stick foundation and lip balm without making them hard, and this is one of the most important factors that will drive the growth of the candelilla wax market. Furthermore, the ingredients added in the candelilla wax is non-irritant and non-toxic and is considered to be safe for skin purposes. Additionally, it has remarkable molding qualities that have the ability to reproduce fine detailed work, which makes it a precision casting wax.

Some of the key players operating in the candelilla wax market are Kahl GmbH & CO., Norevo, Frank B. Ross Co., Inc., Multiceras, Strahl & Pitsch, Inc., Calwax and Carmel Wax Inc. The players are largely involved in mergers and acquisitions, partnerships and joint ventures to enhance the profitability margin and market share.

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In 2017, Calwax and Carmel Wax Inc. introduced the “CalSpa” wax, which is formulated for cosmetic and food product. It is framed to maintain a balance of melting point and flexibility and is available is scented, unscented, plain, color and other additives. It is designed to ease of use and extreme comfort.

Along with this, Kahl GmbH & CO. has its specially designed “Beeswax” that enhances the skin adhesion and texture of formulations. It has a unique ingredient named ‘Cera Alba’ mixed in it and is available in organic, pharmaceutical and standard qualities.

Based on regions, Latin America holds the largest share of the candelilla wax market owing to some important factors such as the expansion of cosmetic industry, extraction, implementing cutting edge technology in the supply, exploitation and refining and growth in the research and development activities. Moreover, candelilla wax is being promoted by some new investors in the international sectors and are supporting innovations in this sector.

Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Candelilla Wax in these regions, from 2012 to 2023 (forecast), covering
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Global Candelilla Wax market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Strahl & Pitsch
• KahlWax
• Koster Keunen
• Frank B. Ross
• Norevo
• IGI
• Likangweiye

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This research reports also include:

1.Market Overview

Market Analysis by Type
Market Analysis by Applications
New Project SWOT Analysis
Industry News Analysis

2.Industrial Chain Analysis

3.Global Players Profiles and Sales Data

4.Global Market Forecast

5.Sales Channel, Distributors, Traders and Dealers

6.Research Findings and Conclusion