The global Microcrystalline Wax market was valued at 620.8 Million USD in 2021 and will grow with a CAGR of 2.87% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Microcrystalline wax is a refined mixture of solid, saturated hydrocarbons, mainly branched paraffin, obtained from petroleum.Figure Product Picture of Microcrystalli. Microcrystalline wax is obtained from petroleum. Global microcrystalline wax is concentrated in North America, Europe, China and Asia Pacific (Ex China). North America microcrystalline wax production took about 29%. Europe and China separately took 34% and 13% of global microcrystalline wax. Microcrystalline wax produced in Asia Pacific (Ex China) took a share of 9% of global microcrystalline wax production. This industry has a high dispersion. Global major manufacturers are Strahl & Pitsch, Sonneborn, Sasol, Paramelt and The International Group (IGI) etc.

By Market Verdors:

Strahl & Pitsch

Sonneborn

Sasol

Paramelt

The International Group (IGI)

Frank B. Ross

Lanxess

Sinopec Nanyang Energy Chemical

Huatai Chemical

Kahlwax

Industrial Raw Materials (IRM)

Taiwan Wax

Hase Petroleum Wax

Nippon Seiro

Blended Waxe (BWI)

Senlin Laye

SQI

Dongnam Petrochemicals

By Types:

75#

85#

90#

By Applications:

Rubber Industry

Explosive Industry

Cosmetic and Pharmaceutical

Food Industry

Resin Industry

Electronics Industry

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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