Los Angeles, CA -- (SBWIRE) -- 04/20/2019 -- Microcrystalline wax is a refined mixture of solid, saturated hydrocarbons, mainly branched paraffin, obtained from petroleum.
Microcrystalline wax is a refined mixture of solid, saturated hydrocarbons, mainly branched paraffin, obtained from petroleum. Microcrystalline wax has many types according to different melting point. Commonly, microcrystalline wax is applied in rubber industry, explosive industry, cosmetic and pharmaceutical, food industry, resin industry, electronics industry and others. In 2015, amount of microcrystalline wax applied in rubber industry took 24.39%. Cosmetic and pharmaceutical used microcrystalline wax took 13.75% and explosive industry used 12.97% of global microcrystalline wax. Microcrystalline wax used in food industry took 10.48%. In resin industry, microcrystalline wax consumed amount took 14.38% of total.
The global Microcrystalline Wax market was 790 million US$ in 2018 and is expected to 1060 million US$ by the end of 2025, growing at a CAGR of 3.7% between 2019 and 2025.
This report studies the Microcrystalline Wax market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Microcrystalline Wax in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Strahl & Pitsch
International Group (IGI)
Frank B. Ross
Sinopec Nanyang Energy Chemical
Industrial Raw Materials (IRM)
Hase Petroleum Wax
Blended Waxe (BWI)
By the product type, the market is primarily split into
By the end users/application, this report covers the following segments
Cosmetic and Pharmaceutical
Key Regions split in this report:
Central & South America
Middle East & Africa
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