Increased Demand from Various End-Use Sectors Spur Microcrystalline Wax Market
Microcrystalline wax refers to a tougher, flexible wax that comes with a melting point that is higher than paraffin wax. Microcrystalline wax finds use in several applications such as jewellery making, rubber, and candles. It is also used in personal care products and cosmetics as a formulation thickening emollient, binder, and viscosity agent. Increased demand for attractive appearance together with the rising number of beauty product, the demand for the product rises boosting the global microcrystalline wax market.
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