Europe to Dominate Montan Wax Market During Forecast Period

Rising demand for Montan wax among end-use industries to drive growth of global Montan wax market through 2024

According to TechSci Research report, “Global Montan Wax Market By Type, By Function, By Application, By End Use, By Region, Competition Forecast & Opportunities, 2024”, the global Montan wax market is expected to grow at a steady rate during the forecast period on account of its increasing demand in various end user industries such as paper, plastic, among others. Montan wax is witnessing adoption in the different industries on account of its lubrication properties, thermal stability, low cost and low volatility. However, presence of bio-wax and other waxes is likely to hamper the growth of market during forecast period.

The global Montan wax market is segmented based on type, function, application, end use and company. Based on application, the market can be fragmented into Paper, Thermosets, Thermoplastics and Others. The Paper segment is anticipated to dominate the market owing to the use of montan wax as an absorbent in paper industry. Based on end use, the market can be segmented into Food, Industrial, Cosmetics, Rubber, Plastics, Electricals, Wax Polishes, Machinery, Agriculture & Textile and Others. The food segment dominates the market since montan wax helps in maintaining the freshness of the fruits.

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., are some of the leading players operating in global Montan wax market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

Browse market data Tables and Figures spread through 110 Pages and an in-depth TOC on“ Global Montan Wax Market”

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“Europe is expected to be the largest market for Montan wax during the forecast period. The growth of the region can be attributed to the presence of well-established manufacturers. Moreover, Asia-Pacific is expected to register significant growth during the forecast period, owing to the presence of montan wax ores in China, which is the major producer and consumer of montan wax.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Montan Wax Market By Type, By Function, By Application, By End Use, By Region, Competition Forecast & Opportunities, 2024” has evaluated the future growth potential of global Montan wax market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global Montan wax market.

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