Market Overview:
The carnauba wax is widely used in food and beverage, pharmaceuticals, cosmetic and personal care products, and other applications. Carnauba wax is extensively used in processed food as food emulsifiers. Personal care and automobile sector are expected to boost the growth of the market during the forecast period.
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The global carnauba wax market is spanned across five regions of the world namely, Latin America Asia Pacific, North America, Europe, and the Middle East & Africa. Asia Pacific holds the major share of the global market and is projected to be the fastest growing market owing to the increasing consumption of carnauba wax in the food and beverage, and personal care industry among others. Moreover, the growing per capita disposable income in the developing region has augmented the demand for home care and personal care products, which is another factor contributing to the growth of the market. In addition to this, the growing car sale in the region has augmented the use of car care products, in turn, fuelling the market of carnauba wax in the region. The Latin American region is expected to witness a considerable growth during the forecast years. This growth is mainly attributed to the growing production and export of carnauba wax in the region. Some of the major companies operating in the region are Concept commercial exportadora ltda, Carnauba do Brasil, Pontes industrial de Cera ltda, and Tropical Ceras do Brasil Ltda among others.
Segmentation
The global carnauba wax market is segmented into form, type, and application. On the basis of the type, the market is segregated into type 1, type 2, type 3, and type 4. The market by form is segmented into powder, flakes, and pellet. The market by end-user is further segmented into food and beverage, pharmaceuticals, cosmetic and personal care, automobiles, and others.
Key Players
Some of the prominent players operating in the global carnauba wax market are Strahl & Pitsch (U.S.), Poth Hille & Co Ltd (U.K), Koster Keunen, LLC (Netherland), Calwax (U.S.), Kahl GmbH & CO (Germany), KG, Frank B. Ross Co (U.S.), Akrochem Corporation (U.S), Foncepi comercial exportadora ltda (Brazil), Carnauba do Brasil (Brazil), Pontes industria de Cera ltda (Brazil), and Tropical Ceras do Brasil Ltda (Brazil) among others
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