North America Wax Emulsion Market, By Material, Type, Industry, & By Country - Forecast and Analysis 2022-2027

The North America wax emulsion market was valued at USD 635.53 Million in 2021, and it is expected to reach a value of USD 916.93 Million by 2027, at a CAGR of more than 6.30% over the forecast period (2022 - 2027). The market in this study has been segmented based on material base, industry & type for U.S. & Canada Markets. A wax emulsion is a mixture of waxes, emulsifying agents, and water in different proportions along with additives such as stabilizers, oils, fungicides, and insecticides. The waxes used for producing emulsions can be of natural or synthetic origin. Wax emulsions can either be non-ionic or ionic in nature, depending upon the type of emulsifier used for their production. Wax emulsions find application in paints & coatings, adhesives & sealants, cosmetics, and textiles, among other end-use industries. Rising demand from the paints & adhesives and sealants industry is driving the demand for wax emulsions as these products are easy to use, environmentally friendly, have a small particle size, and provide Anti-blocking, slip & mobility, abrasion resistance, water repellency, touch & feel, matting agent, black heel marks which have led to a huge demand in the paints and coatings industry which is expected to further augment the demand over the forecast period as there is an absence of close substitutes for wax emulsions.

The report provides market sizing and forecast across five major regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA). In this report, the year 2016 to 2020 is considered a historical year, 2021 is the base year, 2022 is the estimated year, and years from 2022 to 2027 are considered the forecast period.

Top-down and bottom-up approaches were used to estimate and validate the size of the North America wax emulsion market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: the key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPS, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Aspects covered in this report

• Based on Material, this market is segmented into synthetic laboratory tests, and natural.
• Based on type, this market is categorized into polyethylene, polypropylene, paraffin, carnauba, and others.
• Based on industry, this market is segmented into paints & coatings, adhesives &sealants, cosmetics, textiles, ceramics, pulp & paper, agriculture, building & construction, rubber, and others.
• Based on country, this market is segmented into US and Canada.

Key players operating in this market are undertaking initiatives to capture a significant market share and address the increasing demand for wax emulsions from various end-use industries. Acquisitions, expansion, and new product developments/launches are the three main growth strategies adopted by market players. The Major Key players are discussed in this report such as Exxon Mobil Corporation, Michelman, Inc., Lubrizol Corporation, The International Group, Inc., Shamrock Technologies, Inc., Hexion Inc., REPSOL SA, CPJ Technologies, Inc., BASF Corporation, ALTANA AG, Omnava INC.