Carnauba Wax Market Size Projected to Reach $334.9 Million by 2024 284 0 Kommentare Grand View Research, Inc. - Seite 2

Browse full research report with TOC on "Carnauba Wax Market Analysis By Product (Type 1, Type 3, Type 4) By Application (Cosmetics, Food, Automotive, Pharmaceutical) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/carnauba-wax-market

Further key findings from the report suggest:

Cosmetics accounted for over 24% of the consumption volume in 2015 due to high demand for the wax as a glazing agent in lip colors, lip gloss, conditioners, and hair gels. Growing demand for the product in manufacturing cosmetics owing to its organic nature is expected to drive the industry growth.
Pharmaceutical use of the product is expected to account for over 7% of the industry revenue due to increasing use of the product as a coating agent in pharmaceutical drugs. Also, growing demand for time-release drug delivery systems such as capsules coupled with favorable regulations pertaining to the use of the product for medical applications.
Asia Pacific is expected to grow at a CAGR of over 4% from 2016 to 2024 due to rapid industrialization in the developing economies such as China and India. Increasing disposable income coupled with the changing consumer preference in the region is expected to drive the demand. The growth of the confectionery industry in the aforementioned economies is expected to benefit the market growth.
Key participants in the industry are involved in setting up of the extensive distribution network to cater to the global demand. The distributors are involved in the procurement of the product from the manufacturers, followed by product customization related to the physical form, in accordance with the requirements of the end-users.

Browse related reports by Grand View Research:

Ammonium Nitrate Market - http://www.grandviewresearch.com/industry-analysis/ammonium-nitrate-ma ...

Tranexamic Acid Market - http://www.grandviewresearch.com/industry-analysis/tranexamic-acid-mar ...

Ammonium Phosphate Market - http://www.grandviewresearch.com/industry-analysis/ammonium-phosphate- ...

Amaranth Seed Oil Market - http://www.grandviewresearch.com/industry-analysis/amaranth-seed-oil-m ...

Grand View Research has segmented the global carnauba wax market on the basis of application and region:

Product Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024)
- Type1
- Type 3
- Type 4
Application Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024)
- Cosmetics
- Food
- Automotive
- Pharmaceutical
- Others
Regional Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024)
- North America
  - U.S.
  - Canada
- Europe
  - Germany
  - UK
- Asia Pacific
  - China
  - India
  - Japan
- Latin America
  - Brazil
- Middle East & Africa