Carnauba wax, also known as Brazil wax, is a type of wax derived from leaves of a species of palm, Copernicia prunifera. Owing to its glossy finish, carnauba wax finds application across various end-use industries which is directly translating into growth of its market. The carnauba wax are popularly used in automobile wax, food products, floor and furniture waxes, and in instrument polishes. In the recent years, cosmetic industry has been gaining high traction worldwide, especially in emerging economies due to high spending capabilities. This is expected to propel growth of carnauba wax market as the wax has excellent emollient and hypoallergenic properties, making it an ideal ingredient for cosmetic products.
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In the making of the Carnauba Wax market study, the following are taken into:
• History Period: 2013 – 2017
• Base Period: 2017
• Estimated Year: 2020
• Forecast Period: 2018 – 2027
Interested market participants and readers can peruse the global market Carnauba Wax report to get insights into and evaluation of:
• Key growth drivers and restraints, trends and opportunities, and major challenges influencing the adoption rate of offerings by various players in the Carnauba Wax market
• Shares of key product and end-use segments in the global Carnauba Wax market during the estimation year (~US$ xx Mn/Bn in 2019) and valuation of the various regional markets (~US$ xx Mn/Bn) in 2018
• Major research and product development projects
• Promising technologies and favorable regulations in key regions
• Segments that will lose or gain shares in the next few years
• Value chain of key vendors and manufacturers
The Carnauba Wax market report provides estimations and the market sizing and prospects of various regions. To this end, the study makes in-depth segmentation of the following key regions:
• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Middle East and Africa (GCC, S. Africa, N. Africa)
The study also takes a closer look at the prevailing regulatory and macroeconomic frameworks and in the key country markets.
Carnauba wax businesses in northeastern Brazilian states produce around 16,000 tons of carnauba wax every year – a significant percentage of this production is for exports. The carnauba wax market is consolidated by Brazilian wax industry players as Brazil is the largest producer and exporter of carnauba wax. According to the Ministry of Development, Industry and Foreign Trade (MDIC), the total value of carnauba wax exported by Brazil in 2016 was worth over US$ 99 million. In 2017, Brazil exported 15,652 tons of carnauba wax and the total value increased up to US$ 101.7 million.
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Fact.MR strives to offer market analytics and business intelligence solutions to guide businesses in better strategy formulations in the Carnauba Wax market.
The Carnauba Wax market report will improve the revenue impact of businesses in various industries by:
• Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Carnauba Wax market
• Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global Carnauba Wax market and offers solutions
• Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
• Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
• Helping leading companies make strategy recalibrations ahead of their competitors and peers
• Offers insights into promising synergies for top players aiming to retain their leadership position in the Carnauba Wax market.