Carnauba Wax Market is estimated to be 310.2 Million by 2025 with a CAGR of 3.1% during the forecasted period.
The global carnauba wax market accounted for US$ 246.0 million in 2015 and is estimated to be 310.2 million by 2025 and is anticipated to register a CAGR of 3.1%.Carnauba wax also called as palm wax or Brazil wax. It is naturally obtained from the carnaubeira palm and is hardest form of natural wax. The benefits of carnauba wax such as high durability and melting point makes it ideal for automotive, pharmaceuticals, cosmetics, and others applications. The report. " Global Carnauba Wax Market, By Source (Natural and Organic), By Form (Powder, Flakes, and Pellet), By End-user (Food & Beverages, Automobiles, Personal Care, Pharmaceutical, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030” . Key Highlights: · In December 2016, Brenntag declared the acquisition of EPChem Group. This acquisition will help the company to increase their portfolio which will also im