Candelilla Wax Market Outlook | Growth Prospects & Key Opportunities| Forecast To 2023

CITY, Country, 2020-Jul-03 — /EPR Network/ —

The global candelilla wax market will experience massive growth during the forecast period. Credits to the exceptional oil binding characteristics that enhances the texture and stability of candelilla wax and delivers good mold release, develops softness, surface gloss and firmness. Candelilla wax is a plant-based material, which is hard, brittle and can be easily grounded. It is used to combine the beeswax and carnauba wax to augment the adhesion and is further employed as a lubricant, glazing agent and surface-finishing agent.

Candelilla wax is rich in nutrients and gets easily absorbed into the skin due to which the demand for this wax is growing steadily from the cosmetic industry. It helps to thicken some specific products such as eye-shadow, stick foundation and lip balm without making them hard, and this is one of the most important factors that will drive the growth of the candelilla wax market. Furthermore, the ingredients added in the candelilla wax is non-irritant and non-toxic and is considered to be safe for skin purposes. Additionally, it has remarkable molding qualities that have the ability to reproduce fine detailed work, which makes it a precision casting wax.

Top Players
• Strahl & Pitsch
• KahlWax
• Koster Keunen
• Frank B. Ross
• Norevo
• IGI
• Likangweiye

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In 2017, Calwax and Carmel Wax Inc. introduced the “CalSpa” wax, which is formulated for cosmetic and food product. It is framed to maintain a balance of melting point and flexibility and is available is scented, unscented, plain, color and other additives. It is designed to ease of use and extreme comfort.

Key Applications
• Polishes
• Candles
• Lubricants
• Paper waterproofing
• Cosmetics

Key Regions
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Along with this, Kahl GmbH & CO. has its specially designed “Beeswax” that enhances the skin adhesion and texture of formulations. It has a unique ingredient named ‘Cera Alba’ mixed in it and is available in organic, pharmaceutical and standard qualities.

Based on regions, Latin America holds the largest share of the candelilla wax market owing to some important factors such as the expansion of cosmetic industry, extraction, implementing cutting edge technology in the supply, exploitation and refining and growth in the research and development activities. Moreover, candelilla wax is being promoted by some new investors in the international sectors and are supporting innovations in this sector.

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Report contents include
• Analysis of the market including revenues, future growth, market outlook
• Historical data and forecast
• Regional analysis including growth estimates
• Analyzes the end user markets including growth estimates.
• Company Profiles including products, sales/revenues, and market position
• Market structure, market drivers and restraints.