A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Candelilla
Wax Market.
The study, titled “Candelilla
Wax Market - Global Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Candelilla
wax is a plant-based complex material. It is brittle, hard, and
easily pulverized. It is an opaque material before refining, which
can be of different colors ranging from light brown to yellow
depending on the grade of refining and bleaching. Candelilla wax has
exceptional oil binding characteristics, thus improving the texture
and stability of cosmetic products. Candelilla wax delivers good mold
release, surface gloss, firmness, and develops softness. It is
frequently employed in combination with beeswax and carnauba wax in
order to improve adhesion and skin-feel properties. It effortlessly
dissolves basic dyes. It is highly soluble in chloroform, acetone,
benzene, and numerous other organic solvents, but is soluble in
water. Furthermore, it is employed as a glazing agent, lubricant, and
surface-finishing agent.
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Report Preview:
Candelilla
Wax Market: Drivers and Restraints
Demand
for candelilla wax is anticipated to increase, determined by the
market trend for natural-based ingredients, especially in personal
care and other consumer products. However, the upsurge of synthetic
waxes for large volume applications, which offer relatively better
performance with lower cost, is estimated to hamper the expansion of
the candelilla wax market.
Geographically,
the global automotive OEM coatings market has been distributed over
Asia Pacific, North America, Europe, Middle East & Africa, and
Latin America. Asia Pacific was a major market in 2015 and is
estimated to expand due to the burgeoning automotive OEM industry.
The water-borne sector is anticipated to register a high growth rate
over the forecast period due to stringent regulations on VOC
emissions.
Candelilla
Wax Market: Segmentation
In
terms of different forms, the candelilla wax market can be segmented
into:
Lumps
Slabs
Flakes
Pastilles
Spray
Powder
Ground
Powder
There
are various candelilla wax products which differ mainly in their
appearance and refining grade. However, in maximum applications, it
is acclaimed to use candelilla wax in the pastilles form, since they
propose significant advantages compared to other forms of products.
Candelilla wax pastilles offer advanced purity levels in totally
refined and semi-refined products, with lower production costs
involved. Pastilles allow relatively more defined control during
dosing even for a higher thermal efficiency during the wax melting
process. Candelilla wax powder, either in ground or in spray form, is
considered as a specialty product, which is employed primarily for
selected applications such as the food & beverage and cosmetic
industries.
Candelilla
Wax Market: Segmentation
In
terms of application, the candelilla wax market can be segmented
into:
Personal
Care
Food
Dyes
Pharmaceutical
Others
(Textile, etc.)
Candelilla
wax displays very low shrinkage and hence, it is used in precision
foundries. It offers high level of adhesion properties and is used in
the preparation of cosmetics and polishes. Moreover, it is utilized
for other applications such as leather, textiles, furniture, and
floors. Candelilla wax is employed in finishes for textiles and
cords, leather, lubricants and greases, paper and cardboard coatings,
etc., in combination with other waxes. Candelilla wax possesses a
special property where it can strengthen other waxes without
considerably rising the melting point of the blended mixture.
Candelilla
Wax Market: Region-wise Outlook
In
terms of geography, the global candelilla wax market can be segmented
into North America, Asia Pacific, Latin America, Europe, and Middle
East & Africa. Asia Pacific is estimated to be a highly lucrative
region for the candelilla wax market during the forecast period. The
region holds major share of the global personal care industry, due to
rapid urbanization, increasing awareness about health and hygiene
among consumers, population growth, and improved per-capita
expenditure. The U.S. dominates the candelilla wax market and is
projected to continue its dominance due to rising awareness about
natural products. Furthermore, North and Latin America are major
producers of candelilla wax due to easy raw material availability, as
Mexico is the major producer of candelilla plant.
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Candelilla
Wax Market: Key Players
Key
players operating in the candelilla wax market include:
Multiceras
Strahl
& Pitsch, Inc.
Poth
Hille & Co Ltd.
Surfachem
Group Ltd,
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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