ID: MRFR/MED/2760-HCR | 80 Pages | Published By Kinjoll Dey on March 2023
Dental Wax Market is expected to register a CAGR of 4.50% and was valued at USD962.96 Million during the forecat period 2022-2030.
The Dental Wax Market is anticipated to reach USD 962.96 Million by 2030 at 4.50% CAGR during the forecast period 2022-2030. The dental orthodontic wax is made with thermoplastic material or an organic compound such as paraffin, beeswax, and other natural ingredients that are used to form a temporary cement for dental appliances. Dental orthodontic wax is used in dentistry to create materials like retainers, braces, and mouthpieces. This creates an impression that provides a model of the teeth that can be duplicated into a material. Orthodontics is the dentistry branch that deals with correcting malocclusion. The market of dental Wax is one of the high-growth expecting industries that have potential opportunities over the forecast period.
The growth analysis report analyzes emerging market trends, size, outlook, potential opportunities, market share by Dental Wax types applications. Further, the Dental Wax market size is estimated by country, and the study analyzes the key companies operating in the global market. Dental problems are rising at a consistent rate, and after the increased public awareness about these disorders, it is expected to rise the growth global market. The extensiveness of dental caries among adults is high as the disease affects nearly 100% of the population in the majority of countries.
The Nobel virus covid 19 has dominated the year 2020 because about 2million people got affected by the virus. So, the diagnostics, critical medical supplies and PPE equipment drained unnatural demand while the medical procedure declined by around 50-60% based on the market structure of dental wax. The report shows the recovery and regaining of the value of the market within the dental wax forecast period. As companies rebuild their resources to operate under the limitations forced by the pandemic, the report presents three scenarios of market recovery - Low Growth, High Growth scenarios, and Reference cases. The cases consider supply chain breakage, economic impact, consumer confidence, and overall recovery factors of the industry.
The expansion of growth is estimated in the market at a considerable rate during the forecast period. It owes to an increase in the prevalence of venous diseases and to increase new product approval to cater to this demand. The rising awareness about the disease, increase in the importance of early diagnosis and rising spending on chronic diseases are composed to rise the dental wax market growth. The key players of the market are investing in the research and development of a technologically advanced product which is leading to a rise in utilization of the dental wax product all over the countries of the world.
The major challenge that the market for dental wax face is discomfort due to the hydrophobic nature, and reduction in the movement of the mouth is likely to affect the market negatively. Still, it can be resolved with proper comforting appliances. Another challenge that hampers the growth of the market is dental wax extends the healing time due to softening of the tissue; it can be rectified with some technologically advanced procedure.
There are several opportunities of the global market of dental wax which depend on the growth of the global dental orthodontic wax market that can be assigned to factors like an increasing number of people suffering from dentofacial abnormality and population aging. One of the major opportunities of this market is the increasing number of cases of dentofacial problems that are expected to grow the demand of the market. The rise in disposable income, the increase in the aging population and the development of the dental industry in a developing economy help in the rising of Dental Wax Market Share. The increase in the demand of the end-users and orthodontists is another factor that gives opportunity to market players.
The factors that restrain the market from growing are awareness is limited about the diseases, low economical condition, high cost of products, and lack of favorable insurance systems that restrict the adoption of dental wax products across developing regions of the globe. It launches new products at low cost, and increasing efforts for market pricking in these regions can offer profitable growth opportunities for the players of the Dental Wax market.
Cumulative Evaluation Of The Market
Primarily the dental wax is applied to the sensitive areas of the mouth such as lips, inner cheeks lining and gums. Dental wax is a mixture of synthetic ingredients and is used in dentistry for casting, mapping of structures and jaw relations and sizing. It is a hydrophobic material and is used to release the pain caused by implants. Dental wax is found in vegetable sources and petroleum products. Dental wax is edible.
The global dental wax market is segmented under sources, applications, and end-users.
Under the source, the market of dental wax is again segmented as mineral wax, plant wax, animal wax and synthetic wax. The synthetic wax is again sub-segmented into polyethylene, hydrocarbon, and others.
Under the applications, the market for dental wax is segmented as pattern wax, impression wax, processing wax, healing wax and others. The pattern wax is subdivided into lay wax, base plate wax, casting wax and others. The processing wax is sub-divided into lay wax, boxing wax, sticky wax and others. The impression wax is sub-divided into healing wax, corrective wax, bite plate wax, and others.
Under the end-users, the market for dental wax has been segmented as dentist clinics, academic and research centers and others.
The important market share owning to use extensive medication and high expenditure on the health care. The US drives the global dental wax market because it uptakes new technology and drugs in the very fastest way, and the concentration of all the major dental products manufacturers developed in the countries adds fuel to the market of dental wax.
The second-largest market all across the globe due to rising awareness and high disposable income about dental treatment in Europe.
Asia Pacific region is expected to grow rapidly, and China and India are likely to lead the market due to fewer needs during the estimated time.
Saudi Arabia and the UAE operate in the Middle East & African market. The African region is projected to witness a moderate growth owing to political conditions and poor economic and poor healthcare development.
Competitive Intensity Within The Industry
In the competitive zone, the market provides details by competitors. The details included in this field are company overview, company financials, market potential, investment in research and new market initiatives.
The major market players covered in the dental wax report are Kerr Corporation, Robinson Company, DWS, Carmel Industries, Metrodent, BEACON DENTAL LTD., Universal Dental(Pvt)Ltd., DynaFlex, Pyrex Polymers, Dental Ventures of America, Inc., Vacalon Company Inc., Divine Horse Multi Products, Shanghai New Century Dental Materials, Intellodent., PrevestDenpro Limited., Giriraj Products., Dental Arts Laboratories, Inc. and Jayna Industries.
Recent Market Developments
There are many main companies in the market of Dental wax. These companies take the developmental initiatives from time to time. New prototypes and product lines were developed for release into the market by the companies. Many companies have started research and development to improve existing product lines. Mergers and acquisitions joint partnerships have helped in the collective expansion of the sector.
This market report contains a market overview, market challenges, market opportunities, market segments, market restraints, dental wax market analysis, competitive analysis and recent developments.
Key Industrial Segments
By Product Type:
By Product Application:
|Market Size||USD 962.96 Million|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Sources, Applications and End Users|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Kerr Corporation, Pyrax Polymars, C.J. Robinson Company, Inc., Metrodent Ltd., DWS Systems , Bilkim Ltd. Co., Carmel Industries, Solstice T&I, Bracon Dental|
|Key Market Opportunities||Major dental product manufacturers in the developed countries|
|Key Market Drivers||
Dental Wax Market predicted to touch USD 962.96 Million by 2030.
Dental Wax Market is projected to grow at a 4.50% CAGR between 2022-2030.
Rising awareness of dental diseases and Increasing use of dental fixtures and treatments adding market growth.
The major key players of the Dental Wax Market are Kerr Corporation, Pyrax Polymars, C.J. Robinson Company, Inc., Metrodent Ltd., DWS Systems , Bilkim Ltd. Co., Carmel Industries, Solstice T&I, Bracon Dental and others