Global Micronized Wax Market is a detailed report, which presents a combination of industry knowledge and research expertise based on regions too. This report delivers the market trends along with the market size for every individual sector.
City of Industry, CA -- (SBWIRE) -- 06/14/2018 -- This report studies the global Micronized Wax market status and forecast, categorizes the global Micronized Wax market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
Micronized wax is the general term for a class of polymer powder, usually as ink and paint additives. Usually, it is a power whose particle size is less than 30?m.Owning to different raw material, there are for main types of micronized wax-PE micronized wax, PP micronized wax and PTFE micronized wax. It is mainly used to produce ink, coat, paint, etc.
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Micronized wax is an additive of paint, ink and coat. There are four major type of micronized wax, the manufacturers is namely BASF, Sasol, Clariant, Honeywell, Lubrizol are the major producers of micronized wax for the time being in the world.
Global demand of micronized wax increaseS to 101266 MT in 2016 from 83953 MT in 2011. It is estimated that supported by downstream industries, global demand of micronized wax demand will keep increasing with an average growth rate of 3.57% in the coming five years. In addition, similar with that of globe, the demand of micronized wax in China increase from 7182 MT in 2011 to 9701 MT in 2016, accompanied with an average demand growth of 4.3% in the coming five years.
Europe is the dominate producer of micronized wax, the production was 53786 in 2016, accounting for about 50.41% of the total amount, followed by USA, with the production market share of 23.34%.. And Europe is expected to maintain their leading position in the next few years.
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Compared with foreign giants, micronized wax produced by Chinese manufacturers still has a certain gap. Chinese micronized wax manufacturers are dedicated to improving their technology and narrowing down the performance gap with foreign giants. Micronized wax's consumption mainly relies on imports from foreign giants for the time being.
We tend to believe that this industry still has a bright future, considering the current demand of micronized wax. As for product prices, the slow downward trend in recent years will continue in the next few years, as competition intensifies. Similarly, there will be fluctuations in gross margin.
The global Micronized Wax market is valued at xx million US$ in 2017 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2018-2025.