Montan Wax Market Segmentation:
Function Segment Analysis
The lubricant segment in the montan wax market is anticipated to register the largest revenue during the forecast period, accounting for a market share of 54%. Montan waxes, among other things, are guaranteed to be PVC lubricants. It increases the quality and smoothness of the surface, as well as the shine of the finished product. In injection molding and other procedures that require a high melting speed, montenic ester is used as it helps reduce fluid viscosity. They demonstrate their beneficial lubricating characteristics, for example, in high-speed cable extrusion, particularly at the screw tips. All these admissible features are responsible for the market’s growth.
End-User Segment Analysis
Montan wax market from the food Segment is projected to hold the majority revenue share. The market is being driven by the preservation of fruits, which is majorly responsible for the segment's growth. It aids in reducing how quickly fruits lose water. When handling fruit, it is authorized for use as a food ingredient. The food sector uses montan wax to preserve the freshness of fruits. Growing demand for fruit merchants is the driving force behind the Montan wax industry. Other benefits of montan wax include minimal to non-existent product loss, and enhanced mold release and flow characteristics, and all of these factors support and propel the industry.
Our in-depth analysis of the global market includes the following segments:
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