Adoption of Microcrystalline Wax in Cosmetics and Packaging Products to Foster Notable Growth

Published on : Nov 29, 2018

Albany, New York, November 29, 2018: Used widely as paraffin wax alternative, microcrystalline wax finds ample utility across industries as emollient, viscosity agent, and binder. Increasing adoption of microcrystalline wax in cosmetics, candles, and packaging products is expected to unwind new growth scope in microcrystalline wax market. A new research report titled, 'Global Market Study on Microcrystalline Wax by Application, Type, and Region, Forecast 2018-26' by Market Research Hub (MRH) evaluates recent market developments and their subsequent implications on holistic growth of microcrystalline wax market.

Advanced Deep De-oiling Technique Remains Pivotal for Superlative Output in Microcrystalline Wax Market

Incorporation of advanced de-oiling techniques such as deep de-oiling technique to procure superlative microcrystalline wax in terms of sturdiness, flexibility, and heat resistance, encourages substantial investments on the part of leading market players. Additionally, leading market vendors are also striving towards restraining price hikes to encourage adoption, besides entering into strategic alliances and acquisitions to ensure market dominance amidst stiff competition in microcrystalline wax market.

In a recent development, leading petroleum refiner HollyFrontier Corporation has inked an acquisition deal of Sonneborn Holdings, best known for its superlative microcrystalline wax. The development is expected to diversify the former’s product offerings, thus cementing its lead amidst stiff competition in microcrystalline wax market.

Cosmetics Application Segment to Entice Surged Demands

This detailed research report on microcrystalline wax market offers deep-dive analytical review on prevalent micro and macroeconomic factors that influence growth. The report also sheds considerable light on prevailing market trends, drivers, and restraints that affect growth trajectory of microcrystalline wax market. To elevate readers’ understanding and corresponding investment decisions, this section of the report on microcrystalline market highlights grade, application, and end-use as dominant market segments operational in microcrystalline wax market. Based on grade, microcrystalline wax market is diversified into flexible and hard. On the basis of application, microcrystalline wax market is classified into granule, pellets, slab, and bulk liquid. In terms of end-use, microcrystalline market is bifurcated into rubber, tire, cosmetics, pharmaceuticals, adhesives, and lubricants amongst others.

North America to Remain Lucrative Region through the Forecast Tenure

Further, the report also entails crucial market details on regional segregation of microcrystalline wax market, based on which Europe, North America, Latin America, Middle East and Africa, China and Japan are accounted as major regional belts in microcrystalline wax market.

Competition Dashboard: Microcrystalline Wax Market

Thorough research postulates jotted in this section of the report allow readers to procure significant details on eminent market players, complete with a description of their recent developments, product launch, activities, and market contribution. Elaborate research elements gleaned in this section of the report allow readers to gauge the effectiveness of marketing strategies in augmenting reasonable growth in microcrystalline wax market, besides influencing desired consumer response in terms of their purchase preferences and eventual purchase discretion. Additionally, the report also includes detailed overview of prominent market players operational in microcrystalline wax market such as Sonneborn LLC, Koster Keunen, Kerax Limited, CEPSA, Sasol, MOL Group, and Indian Oil Corporation Ltd amongst others.  

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