Global Montan Wax Market, By Type (Bleached/Refined, Crude), By Function (Coating Agent, Emulsifier,

Published Date: | Report Code : MT1958322

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Global Montan Wax Market, By Type (Bleached/Refined, Crude), By Function (Coating Agent, Emulsifier, Processing Agent, Others), By Application (Paper, Thermosets, Thermoplastics, Others), By End Users (Food, Industrial), By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2025)

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Domain : Materials

Report Code : MT1958322

Status : Upcoming

Growing demand from end-use industry applications in developing regions and promotion of application specific grades by companies is expected to drive the montan wax market during the forecast period. This market has witnessed number of key developments in terms of application specific grade developments and strategic investments in emerging regions by companies to strengthen their market position in the global market. Some of the other key factors governing the market dynamics include regulatory scenario, exchange rates, environmental constraints, and so on. All these factors are expected to have a significant impact on the dynamics of montan wax market during the forecast period.

Montan wax is a type of hard wax which is obtained from lignite or brown coal. The crude wax obtained from these is originally dark brown but after the process of purification by solvent extraction, it changes its color to light yellow or white.  This wax consists of a chain of alcohol and fatty acid. Due to its characteristics of having high thermal stability and a high melting point, it is used as a substitute for beeswax.

Segments Analysis:

This market is segmented based on the type, function, application, and end-users.  On the basis of the type, it is bifurcated into bleached/refined and crude montan wax. Based on the function, the market is divided into a coating agent, emulsifier, processing agent, and others. Among the other functions, it is greatly preferred as a coating agent in various applications such as automotive, furniture, and fruit coating. On the basis of the applications, it is segmented into paper, thermosets, thermoplastics, and others.  By the end-users, it is bifurcated into food and industrial. The use is substantially growing in the food industry, as it has been proven to be safe and suitable for the production of plastic containers by the FDA. It also helps maintain the freshness of foods.

Key Factors Impacting Market Growth:

  • Increasing demand for waxing fruits

  • Helps meet the technical requirements of industries

  • Cheaper in price as compared to alternatives

Regional Analysis:

The regional outlook section for the montan wax market provides the region-wise market projections along with related market dynamics. In addition, this section provides further information about segments in the market on a regional basis and country-wise outlook. Major regions considered in this report include North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and Rest of the World. North America and Western Europe have been traditional markets with a sizeable demand for advanced materials from end-use industries. North America and Western Europe with an established industrial sector having substantial contribution towards respective economies are estimated to dominate overall demand by region. Some of the major industries in this region include automotive, heavy engineering, building & construction, aerospace & defense, mining, and so on. These industries are expected to register steady growth in North America and Western Europe region during the forecast period.

Asia Pacific region is estimated to register the highest CAGRwith strong industrial and infrastructural growth. Some of the major economies, in the region, include China, India, South Korea, Japan, Australia, and so on. In addition, favorable conditions for production activities in addition to the growing market demand has attracted global companies to make strategic investments in this region. The Middle East and Eastern Europe with countries including UAE, Russia, Saudi Arabia, Turkey, and Qatar are expected to be potential markets with the growth of the industrial sector in the region. The rest of the World consisting of South America and Africa are estimated to be emerging regions for the montan wax market during the forecast period.

Companies Covered: Romonta GmbH, Clariant, S. Kato & Co., Yunphos, Frank B. Ross Co., Inc., Völpker Special Products GmbH, Carmel Industries, Münzing Corporation, and Altana...

Market Segmentation:

By Type:

  • Bleached/Refined

  • Crude

By Function:

  • Coating Agent

  • Emulsifier

  • Processing Agent

  • Others

By Application:

  • Paper

  • Thermosets

  • Thermoplastics

  • Others

By End Users:

  • Food

  • Industrial

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Function

    • By Application

    • By End Users

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Type

    • By Function

    • By Application

    • By End Users

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Function

    • By Application

    • By End Users

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Type

    • By Function

    • By Application

    • By End Users

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Type

    • By Function

    • By Application

    • By End Users

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Function

    • By Application

    • By End Users

Reasons to Buy This Report:

  • Market size estimation of the global montan wax market on regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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