Candelilla Wax Market to Undertake Strapping Growth During 2024
Candelilla
wax is a plant-based complex material. It is brittle, hard, and
easily pulverized. It is an opaque material before refining, which
can be of different colors ranging from light brown to yellow
depending on the grade of refining and bleaching. Candelilla wax has
exceptional oil binding characteristics, thus improving the texture
and stability of cosmetic products. Candelilla wax delivers good mold
release, surface gloss, firmness, and develops softness.
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It
is frequently employed in combination with beeswax and carnauba wax
in order to improve adhesion and skin-feel properties. It
effortlessly dissolves basic dyes. It is highly soluble in
chloroform, acetone, benzene, and numerous other organic solvents,
but is soluble in water. Furthermore, it is employed as a glazing
agent, lubricant, and surface-finishing agent.
Candelilla
Wax Market: Drivers and Restraints
Demand
for candelilla wax is anticipated to increase, determined by the
market trend for natural-based ingredients, especially in personal
care and other consumer products. However, the upsurge of synthetic
waxes for large volume applications, which offer relatively better
performance with lower cost, is estimated to hamper the expansion of
the candelilla wax market.
There
are various candelilla wax products which differ mainly in their
appearance and refining grade. However, in maximum applications, it
is acclaimed to use candelilla wax in the pastilles form, since they
propose significant advantages compared to other forms of products.
Candelilla wax pastilles offer advanced purity levels in totally
refined and semi-refined products, with lower production costs
involved. Pastilles allow relatively more defined control during
dosing even for a higher thermal efficiency during the wax melting
process. Candelilla wax powder, either in ground or in spray form, is
considered as a specialty product, which is employed primarily for
selected applications such as the food & beverage and cosmetic
industries.
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In
terms of geography, the global candelilla wax market can be segmented
into North America, Asia Pacific, Latin America, Europe, and Middle
East & Africa. Asia Pacific is estimated to be a highly lucrative
region for the candelilla wax market during the forecast period. The
region holds major share of the global personal care industry, due to
rapid urbanization, increasing awareness about health and hygiene
among consumers, population growth, and improved per-capita
expenditure. The U.S. dominates the candelilla wax market and is
projected to continue its dominance due to rising awareness about
natural products. Furthermore, North and Latin America are major
producers of candelilla wax due to easy raw material availability, as
Mexico is the major producer of candelilla plant.
Candelilla
Wax Market: Key Players
Key
players operating in the candelilla wax market include:
Multiceras,Strahl
& Pitsch, Inc.,Poth Hille & Co Ltd.,Surfachem Group Ltd,,
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