Mineral waxes Market Forecasts up to 2020, Research Reports : Transparency market research

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Mineral Waxes Market - Global Industry
Analysis, Size, Share, Growth, Trends
and Forecast 2014 - 2020
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REPORT DESCRIPTION
Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Mineral Waxes
Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” This report likewise
incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide
business sector industry structure.
Waxes are solid material that melt and convert into liquid state at a slightly higher temperature. Sources of wax can be
segregated into three segments: oil, mineral and plants & animals. Crude oil is the most dominant source of waxes moreover
owing to higher demand for crude oil in other application segments, mineral waxes have been gaining acceptance and demand
for mineral waxes has been surging across the globe. Lignite is the most dominant mineral used for the production of mineral
waxes and this trend is anticipated continue for a foreseeable future. Ozokerite, peat and ceresin waxes are among other major
mineral waxes sources.
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Environmental hazards associated with processing of crude oil coupled with volatile pricing of crude oil have led to decline in
demand for crude oil based waxes. Moreover, high demand for crude oil for other more lucrative application segments has been
the foremost factor driving demand for mineral waxes. Increasing demand for wax in the production of rubber is expected to
drive demand for mineral waxes during the forecast period. High growth in cosmetics market is also expected to be among
major factors driving demand for mineral waxes. Moreover, supply constraints related to major mineral sources such as lignite is
expected to restrain mineral waxes market growth. Furthermore, availability of other wax sources such as plants, animals and
insects are expected to restrain mineral waxes market growth.
Asia Pacific dominates the global demand for mineral waxes and this trend is anticipated to continue during the forecast period.
Asia Pacific comprises two of the largest and the fastest growing economies, India and China. China dominates the global
production of mineral waxes and exports a major portion of the production. Moreover, high GDP growth in the emerging
economies of India and China is expected to drive growth in several end user industries for mineral waxes including paper,
rubber and cosmetic among several others. Furthermore, high demand for candles in India is expected to be among major
factors driving demand for mineral waxes in Asia Pacific. Owing to the aforementioned factors, Asia Pacific is anticipated to be
the fastest growing region for mineral waxes during the forecast period.
North America is the second largest market for mineral waxes followed by Europe. Moreover, mineral waxes market in North
America is profoundly dependent on imports from countries such as China. Poland is expected to be among major mineral waxes
market in Europe. Moreover, Europe is anticipated to outdo North America in terms of mineral waxes market growth during the
forecast period. Increasing demand for firelogs is anticipated to be a major factor driving demand for mineral waxes in North
America and Europe. Demand for mineral waxes in RoW region is expected to be driven by increasing demand from developing
economies of South America and Europe.
Mineral waxes market is highly fragmented and dominated by several regional players across the globe. Owing to dominance of
regional players, the market is characterized by high prices sensitivity. Low capital investment has increased the threat from
new entrants mainly in the developing economies. The degree of competition in the mineral waxes market is high and is
expected to remain high for the next six years. Some of the major players in the market include American Refining Group
Incorporated, Archer-Daniels-Midland Company, Calumet Specialty Products Partners LP, International Flora Technologies Limited
and Honeywell International Inc among others.
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This research report analyzes this market on the basis of its market segments, major geographies, and current
market trends. Geographies analyzed under this research report include
•
North America
•
Asia Pacific
•
Europe
•
Rest of the World
This report provides comprehensive analysis of
•
Market growth drivers
•
Factors limiting market growth
•
Current market trends
•
Market structure
•
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market
projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis
and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the
existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
•
This report provides pin-point analysis for changing competitive dynamics
•
It provides a forward looking perspective on different factors driving or restraining market growth
•
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
•
It helps in understanding the key product segments and their future
•
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
•
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of
market segments
•
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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Waxes are solid material that melt and convert into liquid state at a slightly higher temperature. Sources of wax can be segregated into three segments: oil, mineral and plants & animals. Crude oil is the most dominant source of waxes moreover owing to higher demand for crude oil in other application segments, mineral waxes have been gaining acceptance and demand for mineral waxes has been surging across the globe. Lignite is the most dominant mineral used for the production of mineral waxes and this trend is anticipated continue for a foreseeable future. Ozokerite, peat and ceresin waxes are among other major mineral waxes sources. Get FREE PDF Brochure for more Professional and Technical insights : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3002