Ozokerite Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Ozokerite Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • August 2035
  • Chemicals
  • 0 pages

Report Description

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Ozokerite is a naturally occurring fossil wax found near soft shale or sedimentary rocks. Most of the Ozokerite used in commercial applications is mined in Eastern Europe. The Crude Ozokerite is black in color after mining; its color varies from yellow to white through refining. It hardens on aging and the hardness varies according to its original source and refinement. Ceresin is a white to yellow waxy mixture of hydrocarbons obtained by purification of Ozokerite at 70 oC.

Fossil based waxes has the largest share of the global industrial wax market. Fossil based waxes include mineral wax and petroleum wax, which are widely used for coating commercial products. Waxes such as Ozokerite, paraffin, microcrystalline wax, ceresin, and petrolatum, are vigorously used in the cosmetics industry, as they are considered extensively safe and are derived from the various processes of crude oil refining. Petroleum waxes have high gloss characteristics, which makes them most suitable ingredients for polishes, especially for the “paste” type which is commonly used on floors, furniture, cars, and footwear.

The major applications of Ozokerite falls in cosmetics and personal care products; these waxes are used in many types of products including baby product, lipsticks, mascara, and facial makeup, as well as skin care, nail care, sunscreen, fragrance, and non-coloring hair preparations.

The major driver for Ozokerite Wax market is a strong trend of R&D investments in Ozokerite Wax industries. Other growth drivers include the need to reduce the costs, strength of private brands and increased competition from players in Ozokerite Wax market.

The Global Ozokerite wax market has been segmented based on its production temperature type into <70 oC, 70-80 oC, 80-90 oC and >90 oC and by product type the market has segmented to natural and synthetic Ozokerite wax; By its major applications, Ozokerite wax market segmented into Cosmetics, Leather, Adhesives, Printing inks, Automobile and Others. This market has also been segmented by the following regions such as Asia Pacific, Europe, North America, Latin America and Middle East & Africa.

In 2015, the Asia-Pacific region accounted for the largest share of the global industrial wax market and is expected to grow at the highest rate from 2016 to 2026. China is currently the largest market in the Asia-Pacific region for fossil based wax and is expected to remain the largest market during the forecast period. India is the fastest-growing market for Ozokerite wax.

The key players in global Ozokerite wax market includes Frank B. Ross, IGI, Poth Hille, Nanyang Energy Chemical, M/S Bhakti Petrochem, Koster-wax, Koster Keune, Poth Hille, and others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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