Micronized Wax Market Detailed Analysis Application, Production, Top Players Growth, Forecast 2034

 The global micronized wax market size is projected to reach US$ 1.41 billion by the end of 2034, up from US$ 953.2 million in 2024. A new report by Fact.MR has projected worldwide sales of micronized wax to increase at a CAGR of 4% from 2024 to 2034.

Micronized wax, or paraffin wax, is processed via the spray chilling and jet milling method, which leads to the processing of wax into small particles ranging between 1 to 50 microns in diameter. Micronization makes the wax more dispersive and compatible in different systems, rendering it suitable for numerous applications. It finds widespread application in coatings, inks, adhesives, and other products to provide specialized attributes like scratch resistance, matting, anti-blocking, and slip resistance. Its small particle size allows uniform dispersion within compositions, leading to enhanced performance and appearance.

For More Insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=10015 

Country-wise Insights

Incorporating operations in petroleum refineries all over the globe is impacting sales of micronized wax globally. More manufacturing globally to meet the demands of the growing global population is spurring demand for petroleum products, including micronized wax.

The United States is projected to possess 28.6% of the market share of micronized wax in North America during 2024. Some of the key factors that cause the growing sales volume of micronized wax in the nation include the expanding demand for routine as well as fragranced candles.

Increased industrialization and infrastructural development work is leading to demand for paints and coatings, thus driving sales of micronized wax in China. Besides, China is well known for having easy access to raw materials and low labor costs, which are making it a significant nation for the manufacturers of micronized wax.

Category-wise Insights

Micronized wax finds application in adhesives, paint and coatings, printing inks, plastics, construction materials, packaging, and tires and rubbers. Its application in paint and coatings is expected to grow at 4.9% CAGR until 2034.

Under application, printing ink segment holds a big market share. The inclusion of micronized wax in printing ink formulation gives rub resistance and abrasion resistance with maintenance of over-printability. It assists in enhancing the quality and printing ease. Micronized wax is also among the critical additives in printing inks production process.

Competitive Landscape

Leading players in the micronized wax market are emphasizing product quality enhancement and geographic diversification. Prominent market players in the micronized wax market are BASF SE, Sasol, Munzing Corporation, MPI, Sika AG, Shanghai Jiao'er Wax, Innospec, Lubrizol Corporation, Jiangxi Longhai Chemical, Westlake Corporation, Honeywell International Inc., and PCL.

In March of 2022, Sasol divested its Germany subsidiary, Sasol Wax GmbH, to AWAX s.p.a., a company that deals in the production, innovation, and marketing of wax products.
In June of 2021, Braskem launched its first renewably produced polyethylene wax for use as a viscosity-modifier in various formulations.

Browse Full Report: https://www.factmr.com/report/micronized-wax-market 

Segmentation of Micronized Wax Market Research

  • By Product Type :
    • Natural Wax
      • Carnauba
      • Others
    • Synthetic Wax
      • Polyethylene Wax
      • Polypropylene Wax
      • PTFE
      • Polyamide
      • Fischer-Tropsch
  • By Application :
    • Adhesives
    • Paints & Coatings
    • Printing Inks
    • Plastics
    • Building Materials
    • Packaging
    • Tires & Rubber
  • By Region :
    • North America
    • Europe
    • Latin America
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com

Comments

Post a Comment

Popular posts from this blog

Aircraft Seat Market - Growth Analysis and Forecast by 2034

  The aircraft seat market in North America is expected to increase at a compound annual growth rate (CAGR) of 6.5% through 2034. A surge in market demand in important nations, especially the United States and Canada, is the main cause of the noteworthy increase. With a projected 72.3% market share in 2024, the US led the business. The global aircraft seats market is projected to be valued US$4,595.2 million in 2024. It is predicted to grow at a 6.1% CAGR. By 2034, the market for airplane seats is projected to grow at a rate of US$ 8,307.3 million. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.factmr.com/connectus/sample?flag=S&rep_id=9534 The term "aircraft seat" describes the seats that are given to passengers during flight; these seats are made to guarantee comfort, safety, and effective use of the cabin's space. Class-based seating arrangements, including economy, business, and first class, are an essential component of an aircr...
Read more

𝐅𝐨𝐫𝐠𝐞 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞: 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐌𝐞𝐭𝐚𝐥 𝐅𝐨𝐫𝐠𝐢𝐧𝐠 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞𝐬 𝐚𝐧𝐝 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬

Image
he metal forging industry is witnessing an exciting era of innovation, with advancements in techniques and materials reshaping the landscape of manufacturing. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.factmr.com/connectus/sample?flag=S&rep_id=4524 The global metal forging market reached a valuation of US$ 103.8 billion in 2023. Projections suggest that by 2033, it is poised to surge to US$ 208 billion. Anticipated growth indicates a steady rise in global demand for metal forging solutions, with a projected compound annual growth rate (CAGR) of 7.2% from 2023 to 2033. 𝐊𝐞𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 : 𝐂𝐮𝐭𝐭𝐢𝐧𝐠 - 𝐄𝐝𝐠𝐞 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞𝐬 : Discover how novel forging techniques are revolutionizing the way we shape metal components. From precision forging and hot forming to additive manufacturing and hybrid processes, these innovations are pushing the boundaries of what's possible in metal fabrication. 𝐌𝐚𝐭𝐞𝐫𝐢𝐚?...
Read more

Automotive Front End Module Market Revenue, Insights, Overview, Outlook, Analysis 2032

  The global vehicle front-end module market was valued at US$ 119 billion in 2021. It is projected that the market will be valued US$ 125.04 billion by 2022. The market is expected to start growing positively during the 2022–2032 forecast period, with a compound annual growth rate (CAGR) of 5.07% to reach US$ 205.1 billion. Automotive front-end module sales are probably going to stay focused in the Asia Pacific region's growing nations, which exclude Japan (APEJ). According to the report, China's fast changing automotive sector is likely to further solidify the country's dominance in the Asia Pacific excluding Japan (APEJ) automotive front end module market. By the end of 2022, it is anticipated that sales of automobile front end modules in APEJ would have surpassed US$ 55,000 Mn, making it a desirable market for stakeholders. The vehicle front end module industry is witnessing a tug-of-war between North America and Europe, with Europe holding a minor advantage.   Reques...
Read more