Carnauba Wax Market, By Source (Natural and Organic), By Form (Powder, Flakes, and Pellet), By End-user (Food & Beverages, Automobiles, Personal Care, Pharmaceutical, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2025

Carnauba wax also called as palm wax or Brazil wax. It is naturally obtained from the carnaubeira palm and is hardest form of natural wax. The benefits of carnauba wax such as high durability and melting point makes it ideal for automotive, pharmaceuticals, cosmetics, and others applications.

Changing consumer lifestyle

Growing inclination of consumers towards naturally-derived products is propelling the global carnauba wax market growth. Carnauba wax has extensive use in pharmaceutical industry for pills coating as it is hypo allergic in nature and easy to swallow. Further, carnauba wax is also gaining excellent traction in food & beverage industry. As food & beverage industry is under continuous innovation, carnauba wax products exhibit excellent emulsifying properties and binding capacity for oils. Additionally, due to its glossy characteristics and high melting point it is becoming a desired natural additive choice among producers of cosmetic industry for manufacturing of lipsticks, lip balms, mascaras among others. Thus, wide spectrum of carnauba wax applicability is propelling the target market growth. Moreover, due to its viscosity and hardness modifier properties, it is broadly used as polish wax in automobile industry. Carnauba wax is gaining purchase among consumers over the bee wax owing to wide base of application hence boosting the market growth.

However, the tropical diversity of carnauba wax might cause some side effects such as contact dermatitis, skin rash, and inflammation of hair follicle. Thereby, limiting the global carnauba wax market growth. Also, due to less commercialization, carnauba wax market provides low profitability margins to the manufacturers across the globe.

The global carnauba wax market is segmented based on source, form, end-user, and region.

On the basis of source, the global carnauba wax market is segmented into natural and organic. Based on form, the target market is segmented into powder, flakes, and pellet. Based on end-user, the target market is segmented into food & beverages, automobiles, personal care, pharmaceutical, and others.

Regional Insights:

On region the global carnauba wax market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific has estimated for highest market proportion in global carnauba wax in 2018 and the region is projected to continue its dominance in the coming years. The growth is mainly attributed due to increasing growth in automobile industry across the emerging economies. Mainly China, Japan, and India are the major manufacturing countries of automobile products. North America and Europe are estimated to grow at a moderate growth rate throughout the forecast period. North America and Europe market are projected to rise owing to the mounting growth of pharmaceuticals industry. Carnauba wax is widely used in the production process of capsules and tablets as a glazing & coating agent. Among the European countries, Germany is projected to remain dominant over the forecast period

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest application trends and opportunities in each of the sub-segments from 2019 to 2025. For the purpose of this study, has segmented the global carnauba wax market report based on source, form, end-user, and region.

Global Carnauba Wax Market, By Source:

• Natural
• Organic

 Global Carnauba Wax Market, By Form:

• Powder
• Flakes
• Pellet

 Global Carnauba Wax Market, By End-user:

• Food & Beverages
• Automobiles
• Personal Care
• Pharmaceutical
• Others

Global Carnauba Wax Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating the global carnauba wax market includes Strahl & Pitsch, Inc., Pontes Indústria de Cera, Carnaúba do Brasil, Poth Hille & Co. Ltd., Kahl GmbH & Co. KG, FONCEPI- Comercial Exportadora Ltda., Koster Keunen, CALWAX, Akrochem Corporation, and Norevo GmbH. The market has register a steady price growth on account of the attempts to increase the revenues and margins by the major key players. For instance, in October 2015, Simoniz UK introduced the launch of their new range of products which is particularly manufactured for car- lovers. The innovative range consists of Simoniz Ultracare Alloy Wheel Cleaner, which cleans alloys without any corrosive effects. The larger family includes the exclusive Simoniz Shampoo & Carnauba Wax and Simoniz Shampoo & Wax from Halford.

• Strahl & Pitsch, Inc.
• Pontes Indústria de Cera
• Carnaúba do Brasil
• Poth Hille & Co. Ltd.
• Kahl GmbH & Co. KG
• FONCEPI- Comercial Exportadora Ltda.
• Koster Keunen
• CALWAX
• Akrochem Corporation
• Norevo GmbH