Press release
Micronized Wax Market to Witness Robust Expansion by 2023
Micronized wax is the general term for a class of polymer powder, usually as ink and paint additives. Usually, it is a power whose particle size is less than 30μm.Owning to different raw material, there are for main types of micronized wax-PE micronized wax, PP micronized wax and PTFE micronized wax. It is mainly used to produce ink, coat, paint, etc.
Micronized wax is an additive of paint, ink and coat. There are four major type of micronized wax, the manufacturers is namely BASF, Sasol, Clariant, Honeywell, Lubrizol are the major producers of micronized wax for the time being in the world.
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Global Micronized Wax Market: Forecast by Type / Application / Region
Global demand of micronized wax increaseS to 101266 MT in 2016 from 83953 MT in 2011. It is estimated that supported by downstream industries, global demand of micronized wax demand will keep increasing with an average growth rate of 3.57% in the coming five years. In addition, similar with that of globe, the demand of micronized wax in China increase from 7182 MT in 2011 to 9701 MT in 2016, accompanied with an average demand growth of 4.3% in the coming five years.
Europe is the dominate producer of micronized wax, the production was 53786 in 2016, accounting for about 50.41% of the total amount, followed by USA, with the production market share of 23.34%.. And Europe is expected to maintain their leading position in the next few years.
Compared with foreign giants, micronized wax produced by Chinese manufacturers still has a certain gap. Chinese micronized wax manufacturers are dedicated to improving their technology and narrowing down the performance gap with foreign giants. Micronized wax’s consumption mainly relies on imports from foreign giants for the time being.
We tend to believe that this industry still has a bright future, considering the current demand of micronized wax. As for product prices, the slow downward trend in recent years will continue in the next few years, as competition intensifies. Similarly, there will be fluctuations in gross margin.
Over the next five years, LPI(LP Information) projects that Micronized Wax will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
Global Micronized Wax Market: Key Players
BASF
Sasol
Clariant
Honeywell
Lubrizol
MÜNZING Corporation
MPI
Nanjing Tianshi
Michelman
Shamrock Technologies
Ceronas
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Related Information:
United States Micronized Wax Market Research Report 2018
Europe Micronized Wax Market Research Report 2018
North America Micronized Wax Market Research Report 2018
Asia-Pacific Micronized Wax Market Research Report 2018
China Micronized Wax Market Research Report 2018
EMEA Micronized Wax Market Research Report 2018
Global Micronized Wax Market Research Report 2018
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