Montan wax is obtained from lignites, which contains pure wax, resin, and bitumen. Montan wax is brown-black solid characterized by non-toxic nature and high melting point. It has high chemical stability and can be easily dissolved in many kinds of organic solvent. Montan wax can also be easily saponification and emulsified. Due to its good physical and chemical properties, montan wax is used as a substitute for the expensive carnauba wax in various industries such as chemical, wax polish, carbon paper, electrical, machinery and many other industries using wax.
MARKET DYNAMICS
The montan wax market has witnessed a significant growth owing to factors such as rising demand for montan wax for automotive coatings, furniture coatings, and fruit coating. Furthermore, montan wax is primarily used to polish various objects such as furniture, leather, floors, and cars, which further propel the montan wax market growth. Cheap cost as compared to other waxes such as carnauba wax and beeswax further strengthens the demand of montan wax. However, Availability of substitute products in the market is the key factors projected to hamper the montan wax market growth over the projected period.
MARKET SCOPE
The "Global Montan Wax Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the montan wax market with detailed market segmentation by function, end user industry, and geography. The global montan wax market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading montan wax market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global montan wax market is segmented on the basis of function and end user industry. On the basis of function, the montan wax market is segmented into emulsifier, lubricants, thickening agents, release agents, coating agents, nucleating agents, dispersants, and others. The montan wax market on the basis of the end user industry is classified into cosmetics, pharmaceuticals, rubbers, plastics, electrical, wax polishes, leather & textile, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global montan wax market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The montan wax market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the montan wax market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the montan wax market in these regions.
MARKET PLAYERS
The reports cover key developments in the montan wax market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from montan wax market are anticipated to lucrative growth opportunities in the future with the rising demand for montan wax in the global market. Below mentioned is the list of few companies engaged in the montan wax market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the montan wax market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Carmel Industries
- Clariant Corporation
- FIRST SOURCE WORLDWIDE, LLC.
- Frank B. Ross Co., Inc.
- Mayur Dyes & Chemicals Corporation
- MÜNZING Corporation
- Poth Hille
- ROMONTA GmbH
- S. KATO & CO.
- Völpker Special Products GmbH