![]() The polyethylene wax segment dominated the market Polyethylene wax emulsion was the most widely used product type due to its economical price and easy availability. The Wax Emulsion market segmentation, based on type, includes paraffin wax, carnauba wax, polyethylene wax, polypropylene wax, and others. The growth of these end-use industries is expected to propel the segment's growth over the forecast period.įigure1: Wax Emulsion Market, by Source, 2022&2032(USD billion) The synthetic segment dominated the market the availability of these products with various properties makes them suitable for numerous applications, including paints & coatings, cosmetics, and construction. These factors are driving the Wax Emulsion market revenue.īased on the Source, the Wax Emulsion market segmentation includes natural and synthetic. The growing demand for beds, sofas, tables, and chairs from the residential and commercial sectors, increasing interior and exterior design of homes, and rising consumer spending on premium furniture products are the major factors boosting the consumption of wax emulsion in the furniture industry. Moreover, the rising demand for wood from the furniture industry will augment the consumption of wax paraffin emulsion, as woodworking is one of the critical applications of this emulsion. Furthermore, the growth is also attributed to the ability of wax paraffin emulsion to protect substances or materials from rusting and wear & tear. ![]() The increasing demand for paints & coatings from several industries, including automotive, construction, industrial manufacturing, and electrical & electronics, is responsible for product adoption. The ability of the emulsion to act as a barrier between food products and the external environment is surging product demand.Īdditionally, paraffin wax emulsion is significantly consumed in paints & coatings and woodworking applications. Additionally, food manufacturers prefer adequate flexible packaging to decrease the possibility of food contamination and quality degradation. For instance, due to their water-repellent properties, technologically advanced high-solids paraffin wax emulsions are gaining traction for cosmetic and flexible packaging applications, film coatings, and barrier coatings. The increasing technological advancement by manufacturers to expand their offerings for various applications in several industries will flourish the market CAGR throughout the forecast period. ![]() Adopting Paraffin Wax Emulsion in Flexible Packaging Solutions is driving market growth.Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review Increased growth of the paints and coatings industry across the globe and the growth of the textile industry due to rising consumer purchasing power and changing lifestyles are the key market drivers enhancing the market growth. The Wax Emulsion market industry is projected to grow from USD 2.605 Billion in 2023 to USD 3.620341006 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.20% during the forecast period (2023 - 2032). Wax Emulsion Market Size was valued at USD 2.5 billion in 2022. Ice, Electric, Hybrid, Autonomous Vehicles.Information And Communications Technology ↠.The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly.
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