10 months ago

Carnauba Wax Market.jpg

Carnauba Wax Market is segmented based on product type, form, source, application, and region. Carnauba Wax is also known as Ceara Wax or Brazil Wax. It is a plant wax obtained from the leaves of the carnauba tree (Coperniciacerifera) of Brazil. Pure Carnauba wax has the highest melting point and is usually known as the hardest commercial wax. In natural state pure Carnauba Wax is much harder than concrete. When the wax is exposed to water it swells and closes its pores. It has ability to retain oil and is glossy.

Carnauba wax is used as food-grade polish and as hardening or gelling agent. The wax may be yellow or brownish in color reliant on the age of the leaves and the quality of processingand is flaky. The major components of wax are esters of long-chain alcohols and acids. The wax melts at temperature around 85oC (185oF). It is an alternative to bee wax and a main ingredient in the vegan cosmetics industry.

Prominent factors that are playing major role in the growth of the Carnauba Wax Market are increasing inclination of consumers towards naturally derived products, wide use in pharmaceutical industry for pills coating, its hardness and viscosity modifier properties. Factors that are restraining market growth are side effects such as skin rash, contact dermatitis, inflammation of hair follicle, less commercialization and low profitability margins to the manufacturers overall the globe.

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Carnauba Wax Market is classified, by product type into T-1, T-3, T-4. T-1 carnauba wax is obtained from the leaves of the carnauba palm tree before they have entirely unfolded and been exposed to the sun. It is considered to be the purest and has highest quality among other types, and is expensive. T-3 and T-4 are obtained from leaves of the carnauba palm tree that have unfolded and have been exposed to sunlight. In appearance it becomes darker whereas, cloudy in light transfer.

Carnauba Wax Market is classified, by form into Powder, Flakes, Pellet. Carnauba Wax Market is classified, by source into Natural, and Organic. Carnauba Wax Market is classified, by application into Pharmaceutical, Cosmetics, Food and Beverages, Automotive, and others.

The use of Carnauba Wax in food and beverage segment has excellent emulsifying properties and binding capacity for oils. It is a natural additive choice among producers of cosmetic industry for manufacturing of lip balms, lipsticks, and mascaras, because of its high melting point and glossy features. It is used as a car polish wax in automotive application. Carnauba Wax Market is segmented, geographically into North America, Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.

Globally, Brazil region accounted for the largest market share of the Carnauba Wax Market and is expected to remain dominant over the forecast period, as it is exclusively cultivated in the North-eastern Brazil. Whereas, North America exports its main shares of Carnauba Wax from Brazil.

On the other hand, Asia Pacific is expected to grow at fastest pace over the forecast period; this is mainly due to increasing resourceful investment and industrial center for numerous industries under which carnauba wax finds wide use. Carnauba Wax Industry key players are, Natural Wax, PVP, Grupo Biobras, MEGH, Foncepi, Carnauba Do brasil, Pontes, BrasilCeras, Rodolfo, Norevo, Strahl & Pitsch and KahlWax.

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