A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Mineral
Waxes
market. The study,
titled “Mineral
Waxes Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast 2014 - 2020”,
is available for sale on the firm’s website.
Waxes
are solid material that melt and convert into liquid state at a
slightly higher temperature. Sources of wax can be segregated into
three segments: oil, mineral and plants & animals. Crude oil is
the most dominant source of waxes moreover owing to higher demand for
crude oil in other application segments, mineral waxes have been
gaining acceptance and demand for mineral waxes has been surging
across the globe. Lignite is the most dominant mineral used for the
production of mineral waxes and this trend is anticipated continue
for a foreseeable future. Ozokerite, peat and ceresin waxes are among
other major mineral waxes sources.
Get
PDF Brochure for more Professional and Technical insights :
Environmental
hazards associated with processing of crude oil coupled with volatile
pricing of crude oil have led to decline in demand for crude oil
based waxes. Moreover, high demand for crude oil for other more
lucrative application segments has been the foremost factor driving
demand for mineral waxes. Increasing demand for wax in the
production of rubber is expected to drive demand for mineral waxes
during the forecast period. High growth in cosmetics market is also
expected to be among major factors driving demand for mineral waxes.
Moreover, supply constraints related to major mineral sources such as
lignite is expected to restrain mineral waxes market growth.
Furthermore, availability of other wax sources such as plants,
animals and insects are expected to restrain mineral waxes market
growth.
Asia
Pacific dominates the global demand for mineral waxes and this trend
is anticipated to continue during the forecast period. Asia Pacific
comprises two of the largest and the fastest growing economies, India
and China. China dominates the global production of mineral waxes and
exports a major portion of the production. Moreover, high GDP growth
in the emerging economies of India and China is expected to drive
growth in several end user industries for mineral waxes including
paper, rubber and cosmetic among several others. Furthermore, high
demand for candles in India is expected to be among major factors
driving demand for mineral waxes in Asia Pacific. Owing to the
aforementioned factors, Asia Pacific is anticipated to be the fastest
growing region for mineral waxes during the forecast period.
North
America is the second largest market for mineral waxes followed by
Europe. Moreover, mineral waxes market in North America is profoundly
dependent on imports from countries such as China. Poland is expected
to be among major mineral waxes market in Europe. Moreover, Europe is
anticipated to outdo North America in terms of mineral waxes market
growth during the forecast period. Increasing demand for firelogs is
anticipated to be a major factor driving demand for mineral waxes in
North America and Europe. Demand for mineral waxes in RoW region is
expected to be driven by increasing demand from developing economies
of South America and Europe.
Browse
Market Research Report with ToC & Analysis :
Mineral
waxes market is highly fragmented and dominated by several regional
players across the globe. Owing to dominance of regional players, the
market is characterized by high prices sensitivity. Low capital
investment has increased the threat from new entrants mainly in the
developing economies. The degree of competition in the mineral waxes
market is high and is expected to remain high for the next six years.
Some of the major players in the market include American Refining
Group Incorporated, Archer-Daniels-Midland Company, Calumet Specialty
Products Partners LP, International Flora Technologies Limited and
Honeywell International Inc among others.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends.
Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Transparency
Market Research
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
No comments:
Post a Comment