Global Montan Wax Market Projected To Expand At Over 4.5% CAGR During The Forecast Period

As per the researchers at Zion Market Research, global Montan Wax Market, estimating its value at USD 141.96 Million in 2023, with projections indicating that it will reach USD 210.97 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 4.5% over the forecast period 2024-2032. The major players active in the global montan wax market consist of Clariant, ROMONTA GmbH, S. KATO & CO., Mayur Dyes & Chemicals Corporation, Poth Hille, Yunphos, Völpker Special Products GmbH, Frank B. Ross Co., Inc., AmeriLubes, L.L.C., FIRST SOURCE WORLDWIDE, LLC, Parchvale Ltd., Carmel Industries, ALTANA, and MÜNZING Corporation. The key market contenders are involved in setting up new facilities and M&As to launch and develop new products. To cite, a class of high-performance waxes derived from renewable feedstock was launched by Clariant on Feb 26, 2018. This is a non-food-competing derivative from the making of rice bran oil and is accessible in huge quantities.

Flourishing End-Use Industries Likely To Propel The Demand For Montan Wax In Coming Period

The growth of the global montan wax market is mainly fueled by the expansion of the end-use industries. The montan wax’s exceptional physicochemical properties and accessibility at lower prices in comparison to other waxes (like beeswax, carnauba wax, and so on) further reinforces the use of montan wax. As per the Food and Drug Administration, the montan wax is deemed to be safe and suitable as a lubricant in the manufacture of plastic food containers. Also, it assists in preserving the fruits’ freshness taking into consideration its food application. Thus the rising demand for montan wax from fruit vendors is projected to fuel the global market expansion. The need for the processing of engineering plastics wherein montan wax functions as a brilliant lubricant and efficiently decreases the cycle time is another key force propelling for growth of the global montan wax market.

Europe Projected To Capture The Maximum Share In Global Market During The Forecast Period

The global montan wax market is categorized based on end-use industry, function, and region. the global market, on the basis of function, is bifurcated into lubricants, dispersants, emulsions, release agents, thickening agents, nucleating agents, coating agents, and others. The market, on the basis of end-use industry, is categorized into leather & textiles, pharmaceuticals, cosmetics, plastics, rubbers, wax polishes, electrical, agriculture & forestry, machinery, and others (comprising wood, stone, and metal). Regionally, the global montan wax market is segmented into Latin America, Asia Pacific, North America, the Middle East & Africa, and Europe. The major share in the global montan wax market is expected to be held by Europe, in terms of consumption. Also, the montan wax market in Russia & CIS and Germany is projected to grow at a significant rate during the forecast period.

Browse the full “Global Montan Wax Market - By End-Use Industry (Pharmaceuticals, Cosmetics, Leather & Textiles, Plastics, Rubbers, Wax Polishes, Electricals, Agriculture & Forestry, Machinery, And Others), By Function (Lubricants, Dispersants, Emulsions, Release Agents, Thickening Agents, Nucleating Agents, Coating Agents, And Others), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032
.” Report at https://www.zionmarketresearch.com/report/montan-wax-market

The global montan wax market is segmented as follows:

By Function

• Emulsions
• Lubricants
• Thickening Agents
• Release Agents
• Coating Agents
• Nucleating Agents
• Dispersants
• Other

By End-use Industry

• Cosmetics
• Pharmaceuticals
• Rubbers
• Plastics
• Electricals
• Wax Polishes
• Machinery
• Agriculture & Forestry
• Leather & Textiles
• Others

By Region

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

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