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CHEMICALS AND ADVANCED MATERIALS

Bio-Wax Market Segmentation By Product (Plant Wax and Animal Wax); By End-Users (Water Protection Systems, Cosmetics, Infrastructure Building, Personal Care and Paints & Coatings) - Global Demand Analysis & Opportunity Outlook 2027

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Extensive insights into the Growth of Bio-Wax Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Product Overview

The bio-wax is the organic polymers that are manufactured by the bio-based raw materials. It is the replacement of the petroleum based wax and olefins. The bio-wax is prepared from the bio-diesel production process. The various applications of the bio-based wax includes paints and coatings, personal care, buildings and water protection system. It has low molecular weight and is available in the soft solid form. The government is encouraging towards using bio-wax as it does not pose the threat to environment and human health.

Market Size and Forecast

The global bio-wax market is anticipated to expand at a CAGR around 3.0% during 2018-2027. The increasing application of the environment friendly material coupled with promotional activities adopted by the government is anticipated to be the major reason leading to the growth of the global bio-wax market during the forecast period.

The global bio-wax market can be segmented on the basis of product, end-users and region. On the basis of product, it is sub-segmented into plant wax and animal wax.  On the basis of end-users, it is sub-segmented into water protection systems, cosmetics, infrastructure building, personal care and paints & coatings. Cosmetics sub-segment is anticipated to be the leading sub-segment during the forecast period. The increasing application of bio-wax for the manufacturing of the cosmetics and personal care products by the various companies is anticipated to be the major factor driving the market growth of the sub-segment during the forecast period.

By region, global bio-based wax market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to hold the largest market share for the global bio-wax market during the forecast period. The increasing demand from the cosmetics industry in the region is anticipated to be major reason boosting the growth of the bio-based wax market in the region. Europe is anticipated to hold the second largest market share for the global bio-wax market during the forecast period. The strict government regulation regarding the pollution control in the region is anticipated to enhance the market growth of the bio-based wax. The European commission has adopted the Clean Air Policy Package, in 2013 in order to improve the quality of the air by restricting the emission of the certain pollutants. Asia-Pacific region is anticipated to showcase significant growth for the global bio-wax market. The high presence of the raw materials coupled with the development of the bio-diesel plants is anticipated to be the major reason for the growth of the global bio-wax market in the region.CLICK TO DOWNLOAD FREE SAMPLE

Market Segmentation

Our in-depth analysis segmented the global bio- based wax market in the following segments:

By Product:

  • Plant Wax
  • Animal Wax

By End-Users:

  • Water Protection Systems
  • Cosmetics
  • Infrastructure Building
  • Personal Care
  • Paints & Coatings

By Region

Global bio-wax market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.

bio wax market

Growth Drivers and Challenges

The rising application of the biodegradable substances by the various end-use industries is anticipated to be the major growth driver for the global bio-wax market during the forecast period. The changing lifestyle and increasing disposable income of the population is increasing the inclination towards better cosmetic products. This is anticipated to fuel the market growth of the global bio-based wax market. The increasing expansion of the building and construction industry in the developing countries is anticipated to increase the demand for the bio-based wax. For instance, according to Eurostat the annual growth rate of the number of enterprises increased from 3.51 million in 2016 to 3.54 million in 2017. The increasing technological development in the field of the bio-based wax and the introduction of the new products is anticipated to drive the growth of the global bio-based wax market.

The high cost and complex method of manufacturing is anticipated to restrict the growth of the global bio-based wax market during the forecast period.

Europe annual detailed enterprise

Key Players

  • Duraflame
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
  • Biosil
  • Chant Oil
  • Fisch
  • BioJouvance
  • Remmers

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