Carnauba Wax Market - Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025


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Global Carnauba Wax Market: Overview

Carnauba wax is a type of natural wax-containing mono and di hydroxyl fatty alcohols, hydroxyl acids and their polyesters. Carnauba wax is majorly found in the Brazil and obtained from palm tree leaves. Some of the important properties of carnauba wax are the high melting point, hardest among other natural waxes such as bee wax, high oil retention capability etc. Carnauba wax finds major usage in the cosmetic industry as an additive owing to its characteristic properties. For instance, it delivers high-gloss finish in the makeup products such as lipsticks and lip balms, hypoallergenic properties makes carnauba wax to be used in sensitive skin care products also. In food and pharmaceutical industry, carnauba wax finds application as food additives and binding & coating tablets respectively. The carnauba wax market is well established with the presence of suppliers. The demand for carnauba wax is increasing since the individuals are turning towards adoption of natural and organic products over synthetic and petroleum based products. Carnauba wax is also used as release agents, car polishes and in wood floor polishes. 

Global Carnauba Wax Market: Drivers and Restraints

The global cosmetic industry is expected to grow at a CAGR of 3.9% till 2020 coupled with rising population. The global carnauba wax market is primarily driven by the two major end-use industries, cosmetic and food. Increasing disposable income of individuals which aids in expanding the behavior of individuals towards more adoption of cosmetics boosts the global carnauba wax market. For instance, carnauba wax is widely used an additive in lip balms, mascaras and lipsticks owing to the better emulsification, oil binding properties. Further, for carnauba waxes, there are no price fluctuations when compared to synthetic and petroleum based waxes, which gives an additive advantage for carnauba wax manufacturers.

However, the regulations for the manufacture of carnauba wax are strict, since they are widely consumed in food, pharma and cosmetics industries which make the global carnauba wax quite consolidated.

Global Carnauba Wax Market:  Segmentation  

On the basis of type, carnauba wax market can be segmented as follows:-

  • Prime Yellow (Type 1)
  • Extra light Fatty Grey (Type 3)
  • Fatty Grey (Type 4)
  • Prime Yellow Micronised

On the basis of carnauba wax form, carnauba wax market can be segmented as follows:-

  • Flakes
  • Powder
  • Lumps

On the basis of application, carnauba wax market can be segmented as follows:-

  • Additives
  • Polishes
  • Release agents
  • Food Coatings

On the basis of end use, carnauba wax market can be segmented as follows:-

  • Pharmaceutical
  • Cosmetics
  • Food
  • Others

Global Carnauba Wax Market:  Region wise Outlook

The global carnauba wax market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). The carnauba wax market in Latin America and APEJ regions is robust owing to the availability of suitable climatic condition for palm trees from which carnauba wax is extracted. Countries such as Brazil in Latin America and Indonesia, India, China are prominent for carnauba wax production. North America and Eastern European regions majorly import high amounts of carnauba wax.

Global Carnauba Wax Market:  Key Players

Some of the key players identified in the global carnauba wax market includes:

  • Tropical Ceras do Brasil Ltda.
  • Brasil Ceras
  • Kerax Limited
  • Strahl & Pitsch, Inc.
  • Carmel Wax Inc.
  • Kahl GmbH & CO. KG
  • Micro Powders, Inc.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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