Global Montan Wax Market Forecast 2027 - Overall Growth & Opportunities
- varunkpdelhi
- Jun 13, 2023
- 4 min read
The global Montan wax market is expected to grow at a steady CAGR during the forecast period. Montan wax contains a long chain of alcohol and fatty acid. It possesses excellent lubrication properties and its molecular structure exhibits good thermal stability and low volatility. It is used as a lubricant in the plastic industry, as a protective layer on fruits, as an absorbent in the paper industry, and as a coating agent in the electrical industry.
The Important Factors of the Global Montan Wax Market
Owing to its superior properties such as improvement in the flow properties and mold release, limited product loss, and improvement of the product properties, the Montan wax is substituting carnauba wax, and beeswax, among others. Additionally, the excellent physiochemical properties and cost-effectiveness of montan wax are further propelling its demand across the globe.
The global Montan wax market is segmented based on type, function, application, end-user, and company. Based on application, the market can be segmented into Paper, Thermosets, Thermoplastics, and Others. The paper segment holds a substantial market share as montan wax is used as an absorbent in the paper industry. Based on end use, the market can be fragmented into Food, Industrial, Cosmetics, Rubber, Plastics, Electricals, Wax Polishes, Machinery, Agriculture & Textile, and Others. The food segment dominates the market as it helps in maintaining the freshness of the fruits. The electrical segment is also expected to witness growth during the forecast period on account of its use as a coating material for wires and cables.
Regionally, the Montan wax market is gaining traction and expanding to various regions including Asia-Pacific, North America, South America, Europe, and the Middle East & Africa. Among these regions, Europe region dominates the overall Montan wax market on account of the presence of well-established manufacturers such as ROMONTA GmbH, and VÖLPKER SPEZIALPRODUKTE GmbH in the region.
The major players operating in the Montan wax market
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., and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. For instance, in 2018, the VÖLPKER SPEZIALPRODUKTE GmbH, one of the prominent and oldest companies in Montan wax production acquired the montan wax business of BASF SE with an objective to strengthen its market position in Europe market.
The Objective of the Study:
To analyze and forecast the market size of global Montan wax market.
To classify and forecast global Montan wax market based on type, function, application, end use, company and regional distribution.
To identify drivers and challenges for global Montan wax market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Montan wax market.
To conduct pricing analysis for global Montan wax market.
To identify and analyze the profile of leading players operating in global Montan Wax market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels, and presence of all major players across the globe.
TechSci Research calculated the market size of the global Montan wax market using a bottom-up approach, wherein data for various end-user segments was recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.
Key Target Audience:
Montan wax manufacturers and suppliers
Market research and consulting firms
Government bodies such as regulating authorities and policymakers
Organizations, forums, and alliances related to Montan wax
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Attribute
Details
Base Year
2021
Historical Data
2017 – 2020
Estimated Year
2022
Forecast Period
2023 – 2027
Quantitative Units
Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022E-2027F
Report Coverage
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments covered
· Type
· Function
· End Use
· Application
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States, Mexico, Canada, China, India, Japan, South Korea, Germany, France, United Kingdom, Russia, Italy, South Africa, UAE, Saudi Arabia, Nigeria, Egypt, Turkey, Brazil, Argentina, Colombia
Key companies profiled
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.
Customization scope
10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
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Report Scope:
In this report, the global Montan wax market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Market, By Type:
Refined
Crude
Market, By Function:
o Lubricants
o Emulsifiers
o Coating Agents
o Thickening Agents
o Release Agents
o Nucleating Agents
o Processing Agents
o Dispersants
o Others
Market, By End-use:
o Food
o Industrial
o Cosmetics
o Rubber
o Plastics
o Electricals
o Wax Polishes
o Machinery
o Agriculture & Textiles
o Others
Market, By Application:
o Paper
o Thermosets
o Thermoplastics
o Others
Market, By Region:
North America
United States
Mexico
Canada
Europe
Germany
France
United Kingdom
Italy
Russia
Asia-Pacific
China
India
Japan
South Korea
Middle East & Africa
South Africa
Saudi Arabia
UAE
Egypt
Nigeria
Turkey
South America
Brazil
Colombia
Argentina
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global Montan wax market.
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