Europe to Dominate Montan Wax Market During Forecast Period
Rising demand for Montan wax
among end-use industries to drive growth of global Montan wax market through
2024
According to
TechSci Research report, “Global Montan
Wax Market By Type, By Function, By Application, By End Use, By Region,
Competition Forecast & Opportunities, 2024”, the global Montan wax market is expected to grow at a steady
rate during the forecast period on account of its increasing demand in various
end user industries such as paper, plastic, among others. Montan wax is witnessing
adoption in the different industries on account of its lubrication properties,
thermal stability, low cost and low volatility. However,
presence of bio-wax and other waxes is likely to hamper the growth of market
during forecast period.
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Market"
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The global
Montan wax market is segmented based on type, function, application, end use and
company. Based on application, the market can be fragmented into Paper,
Thermosets, Thermoplastics and Others. The Paper segment is anticipated to
dominate the market owing to the use of montan wax as an absorbent in paper
industry. Based on end use, the market can be segmented into Food, Industrial,
Cosmetics, Rubber, Plastics, Electricals, Wax Polishes, Machinery, Agriculture
& Textile and Others. The food segment dominates the market since montan
wax helps in
maintaining the freshness of the fruits.
Calwax Corporation, ROMONTA
GmbH, Clariant Corporation, Paramelt B.V., VÖLPKER SPEZIALPRODUKTE GMBH, Yunan
Shangcheng Biotechnology Co, Ltd., Yunphos International Trading Co., Ltd., TER
Chemicals Distribution Group, Strohmeyer & Arpe Company, Inc., Hangzhou
Union Biotechnology Co., Ltd., are some of the leading players operating in global Montan
wax market. The companies operating in the market are using organic strategies
such as product launches, mergers and collaborations to boost their share.
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“Europe is expected to be
the largest market for Montan wax during the forecast period. The growth of the
region can be attributed to the presence of well-established manufacturers. Moreover,
Asia-Pacific is expected to register significant growth during the forecast
period, owing to the presence of montan wax ores in China, which is the major
producer and consumer of montan wax.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Montan Wax Market By Type, By Function,
By Application, By End Use, By Region, Competition Forecast &
Opportunities, 2024” has evaluated
the future growth potential of global Montan wax market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities in global Montan wax market.
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