Carnauba Wax Market Research Report - Global Forecast till 2027

Global Carnauba Wax Market Research Report: Information by Product Type (Type 1, Type 2, and Type 4), Form (Powder, Flakes, and Others), Application (Food & Beverages, Pharmaceuticals, Personal Care, Automotive, and Others) - Forecast till 2027

ID: MRFR/F-B & N/0894-HCR | February 2021 | Region: Global | 139 pages

Carnauba Wax Market Scenario


Carnauba wax is known as brazil wax. Carnauba wax is used as a food-grade polish, and also it is used as a gelling agent in several products. The production of carnauba wax majorly occurs in Brazil. However, the production of carnauba wax has increased gradually in countries in Africa and Sri Lanka. Carnauba wax finds its massive application in the food, pharmaceuticals, cosmetics, and automotive industries. The carnauba wax market size is estimated to reach USD 340.45 Million and record a CAGR of 3.15% by the end of 2027. The carnauba wax market is anticipated to be driven by several factors. Rising consumer demand for natural or organic products is anticipated to act as a major driver in the market. Carnauba wax is used in the production process of several food products as an emulsifier. Apart from that, carnauba wax is used as a natural additive in the manufacturing process of several cosmetic products which include lipsticks, lip balm, mascaras, and many more. Carnauba wax is gaining traction among the manufacturers of medicines owing to the hypo-allergic nature.


Segmentation


Carnauba Wax Market has been segmented based on Product Type, Form, Application, and Region.
The market has been classified, based on product type, into type 1, type 2, and type 4.
The carnauba wax Industry has been classified, based on form, as powder, flakes, and others.
The global market has been classified, based on application, as food & beverages, pharmaceuticals, personal care, automotive, and others.
The market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American market has further been segmented into the US, Canada, and Mexico.
The European market has been classified as the UK, Germany, France, Italy, Spain, and the Rest of Europe. 
The Global market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The global market in the rest of the world has been segmented into South America, the Middle East, and Africa.


Key Players


Foncepi Comercial Exportadora Ltda (Brazil), Carnauba do Brasil Ltda (Brazil), Brasil Ceras (Brazil), Tropical Ceras Do Brasil Ltda. (Brazil), Strahl & Pitsch, Inc. (US), Pontes Industria de Cera ltda. (Brazil), Strahl & Pitsch, Inc. (US), Kahl GmbH & Co KG (Germany), Norevo GmbH. (Germany), Koster Keunen (Holland) B.V.(Netherlands), The International Group, Inc. (Canada), Poth Hille & Co Ltd (UK), Frank B Ross Co Inc. (US), Akrochem Corporation (US), and TER Group GmbH (Germany) are some of the key players in the global carnauba wax industry.


Regional Market Summary


Among the regions, Asia-Pacific has accounted for major market proportion in global carnauba wax in 2018 and the region is expected to retain its dominance throughout the forecast period. The growth for the carnauba wax in Asia-Pacific region is anticipated to be driven by several factors. One of the significant factors for the rising growth of automobile industry across the developing economies. Majorly China, Japan, and India are the major producing countries of automobile products. North America and Europe are projected to expand at a moderate growth rate during the forecast period. North America and Europe market are expected to grow due to the mounting growth of pharmaceuticals industry. Carnauba wax is used widely in the production process of tablets and capsules as a coating & glazing agent. Among the European countries, Germany is expected to remain dominant throughout the forecast period.


Global Carnauba Wax Market, by Product Type



  • Type 1

  • Type 3

  • Type 4


Global Carnauba Wax Market, by Form

  • Powder

  • Flakes

  • Others


Global Carnauba Wax Market, by Application

  • Food & Beverages

  • Pharmaceuticals

  • Personal care

  • Automotive

  • Others


Global Carnauba Wax Industry, by Region

  • North America

    • US

    • Canada

    • Mexico





  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe





  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia and New Zealand

    • Rest of Asia-Pacific





  • Rest of the World (RoW)

    • South America

    • Middle East

    • Africa




Intended Audience

  • Carnauba wax manufacturers

  • Pharmaceuticals manufacturers

  • Food manufacturers

  • Personal care manufacturers

  • Automotive products manufacturers

  • Retailers, wholesalers

  • Traders, exporters, and importers



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 340.45 Million
  CAGR   3.15% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product Type and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Foncepi Comercial Exportadora Ltda (Brazil), Carnauba do Brasil Ltda (Brazil), Brasil Ceras (Brazil), Tropical Ceras Do Brasil Ltda. (Brazil), Strahl & Pitsch, Inc. (US), Pontes Industria de Cera ltda. (Brazil), Strahl & Pitsch, Inc. (US), Kahl GmbH & Co KG (Germany), Norevo GmbH. (Germany), Koster Keunen (Holland) B.V.(Netherlands), The International Group, Inc. (Canada), Poth Hille & Co Ltd (UK), Frank B Ross Co Inc. (US), Akrochem Corporation (US), and TER Group GmbH (Germany)
  Key Market Opportunities   Rising growth of automobile industry across the developing economies
  Key Market Drivers   Rising consumer demand for natural or organic products


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Frequently Asked Questions (FAQ) :


Carnauba wax market is projected to grow at a 3.15% CAGR between 2019- 2024.

The Asia Pacific is expected to dominate the carnauba wax market.

Carnauba wax market is predicted to touch USD 310.2 million by 2024.

Some key end users of carnauba wax include automobiles, cosmetic and personal care, pharmaceuticals, food and beverage, and others.

Notable players profiled in the carnauba wax market include Tropical Ceras do Brasil Ltda (Brazil), Pontes industria de Cera ltda (Brazil), Carnauba do Brasil (Brazil), Foncepi comercial exportadora ltda (Brazil), Akrochem Corporation (U.S), KG, Frank B. Ross Co (U.S.), Kahl GmbH & CO (Germany), Calwax (U.S.), Koster Keunen, LLC (Netherland), Poth Hille & Co Ltd (U.K), and Strahl & Pitsch (U.S.)