The global wax emulsion market size is expected to reach USD 3.07 billion by 2030, registering a CAGR of 4.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is driven by several key factors, such as rising consumption in the paints and coatings industry in order to improve scratch resistance, impart gloss and sheen, enhance water repellency, and provide a smooth finish.
In addition, wax emulsion products also find extensive application in adhesives and sealants, where they contribute superior bonding strength, flexibility to accommodate joint movement and resistance to moisture and environmental elements. Furthermore, industries such as textiles utilize wax emulsions due to impart softness, water repellency, and crease resistance to fabrics.
The report “Wax Emulsion Market Size, Share & Trends Analysis Report, By Material (Synthetic & Natural), By Product (Paraffin, Carnauba), By End Use, By Region And Segment Forecasts, 2024 – 2030” is available now to Grand View Research customers and can also be purchased directly
However, such products compete with alternative technologies and materials, such as solvent-based formulations or other additives, which can sometimes offer comparable or enhanced performance characteristics at competitive prices. Similarly, the complexity of formulating wax emulsions to meet specific application requirements, such as viscosity, stability, or compatibility with other ingredients, can pose technical challenges for manufacturers and formulators.
Wax Emulsion Market Report Highlights:
Based on material, a synthetic form of the product dominated the market with a revenue share of around 67% in 2023 due to their consistent quality and purity which enhances stability and performance in formulations compared to natural waxes. Based on product, paraffin wax emulsion dominated the market with a revenue share of over 50% in 2023. The segment growth is attributed to its affordability. Based on end use, paints and coatings end use dominated the market with a revenue share of 47.4% in 2023. The growth is attributed to enhancing water repellency, durability water repellency, and surface protection. Asia Pacific dominated the market segment with a revenue share of over 43% in 2023. The region in paints and coating production; thus, it holds the highest share in global product consumption.
Order your free sample copy of “Wax Emulsion Market Report 2024 - 2030, published by Grand View Research
Wax Emulsion Market Segmentation
Grand View Research has segmented the global wax emulsion market based on material, product, end use, and region:
Wax Emulsion Material Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)
Synthetic NaturalWax Emulsion Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)
Paraffin Carnauba Polyethylene Polypropylene OthersWax Emulsion End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)
Paints & Coatings Adhesives & Sealants Cosmetics Textiles OthersWax Emulsion Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)
North America S. Canada Mexico Europe Germany UK France Italy Spain Asia Pacific China India Japan South Korea Central & South America Brazil Argentina Middle East and Africa Saudi Arabia South Africa
List of Key Players in the Wax Emulsion Market
BASF SE Nippon Seiro Co. Altana AG Sasol Limited Exxon Mobil Corporation Hexion The Lubrizol Corporation Danquinsa GmbH RAZON CONSTRUCTION CHEMICALS Khavaran Paraffin
About Grand View Research:
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit www.grandviewresearch.com
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