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Europe Wax Emulsion Market Forecast to 2031
Europe Wax Emulsion Market Forecast to 2031 – Regional Analysis – by Type (Polyethylene, Polypropylene, Paraffin, Vegetable-Based, and Others) and Application (Paints & Coatings, Printing Inks, Textile, Personal Care, Packaging, and Others)
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Description
Rising Demand for Polyethylene Wax Emulsions Drives Europe Wax Emulsion Market
Polyethylene wax emulsions are used in a wide range of applications such as textile finishing, leather auxiliaries, polishes, paper coatings, and the packaging industry. This type of wax emulsion offers rub and mar resistance, gloss retention, and anti-block properties. It is used in resin finishing agents, water-based varnishes, and water-based paints. Polyethylene waxes are also used in combination with petroleum waxes for application in food packaging. The Food and Drug Administration allows the utilization of polyethylene wax emulsion in indirect food contact applications under olefins regulations. The growth rate of polyethylene wax demand is dependent on the performance of several industries, including paints & coatings, printing ink, leather & textile, and adhesives. Polyethylene-based wax emulsions are used as tack modifiers in hot-melt adhesives production and processing aid in the manufacturing of rubber. It is a stable softener; therefore, it is widely used in textile processing. The textile industry has witnessed a transition toward sustainability and a circular economy, positively influencing the demand for water-based wax emulsions. Polyethylene wax emulsion is processed to form a water-based solution, thereby eliminating the use of harmful solvents. It contributes to the production of lightweight and durable textiles. The growing circular fashion has further prompted the recycling of treated textiles, reducing textile waste. Similarly, rising demand for water-based polyethylene wax emulsion from numerous end-use industries, including paints & coatings and printing inks, fuels the wax emulsion market growth.
Europe Wax Emulsion Market Overview
Wax emulsions offer enhanced surface properties such as water resistance, improved surface finish and high opacity to flatboards and paper boards, used in the packaging industry. Europe marks the presence of several major packaging companies such as Tetra Laval International SA, Amcor plc, Stora Enso Oyj, Smurfit Kappa Group plc, DS Smith plc, Ardagh Group SA, and UPM-Kymmene Corp. According to the Confederation of European Paper Industries report published in 2023, the paper and board production in Europe stood at 85.0 million tons in 2023, of which Germany, Italy, Sweden, Finland, France, and Spain accounted for 25.4%, 10.2%, 10.0%, 8.5%, 8.3%, and 7.5%, respectively, in Europe. Wax emulsions also have a wide range of applications in paints & coatings, concrete additives, sealant application, oriented strand board, particle board, and fiberboard production. According to the European Commission, the construction industry is one of the major industries in Europe, contributing ~9% to the region’s GDP. As per the European Commission, in June 2023, the EU invested ~US$ 6 billion for the construction of sustainable, safe, and efficient transport infrastructure, including 107 transport infrastructure projects. Wax emulsions offer wear and corrosion resistance and are therefore used in lubricants and protective coatings in the automotive industry. Several European countries have set targets to phase out internal combustion engine vehicles and support the transition toward electric vehicles. According to the International Trade Administration report published in 2023, increased investment in the automotive industry creates lucrative opportunities for automotive components and materials in Europe. For instance, Turkey marked the presence of 48,000 hybrid and 2,000 electric vehicles on the roads and ~800 vehicle charging stations as of 2023. Thus, growth in the region’s packaging, construction and automotive industries is expected to fuel the demand for wax emulsions.
Europe Wax Emulsion Market Revenue and Forecast to 2031 (US$ Million)
Europe Wax Emulsion Market Segmentation
The Europe wax emulsion market is categorized into type, application, and country.
Based on type, the Europe wax emulsion market is segmented into polyethylene, polypropylene, paraffin, vegetable-based, and others. The others segment held the largest market share in 2023.
In terms of application, the Europe wax emulsion market is categorized into paints & coatings, printing inks, textile, personal care, packaging, and others. The paints & coatings segment held the largest market share in 2023.
By country, the Europe wax emulsion market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe wax emulsion market share in 2023.
BASF SE, Hexion Inc, Repsol SA, Sasol Ltd, The Lubrizol Corp, Clariant AG, Michelman Inc, Allinova BV, H&R Group, and Productos Concentrol SA., are some of the leading companies operating in the Europe wax emulsion market.
Summary Info
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According to Business Market Insights’ research, the Europe wax emulsion market was valued at US$ 542.11 million in 2023 and is expected to reach US$ 762.05 million by 2031, registering a CAGR of 4.3% from 2023 to 2031. Innovations in wax emulsion market and growth of paints & coatings industry are among the critical factors attributed to drive the Europe wax emulsion market growth.
The key manufacturers operating in the wax emulsion market are investing significantly in strategic development initiatives such as product innovation and R&D to attract a wide customer base and enhance their market position. Several researchers are focused on enhancing the thermal and physical properties of wax emulsions to improve their characteristics and product life. Moreover, multifunctional additives are incorporated into the wax emulsion to add characteristics such as antimicrobial properties and UV resistance. Researchers across the globe are studying the enhancement of surface properties of emulsions made from nano-sized wax particles. Other innovations in the wax emulsion market include the development of wax emulsions that can be modified according to the requirements of targeted applications and environmental changes such as temperature and pH. Scientists and researchers are working on the incorporation of nanotechnology in wax emulsion to enhance the material properties. Nanotechnology is used for the efficient and uniform application of wax emulsions. For instance, in December 2022, researchers from the University of Freiburg (Germany), SIRRIS (Belgium), and Indian Institute of Technology (India), developed a method for emulsification of carnauba wax by a reaction of maleic anhydride, resulting in the encapsulation of the wax into stabilized organic nanoparticles. Thus, rising product innovations and research are expected to create lucrative opportunities in the wax emulsion market during the forecast period.
On the contrary, fluctuations in raw material prices hamper the growth of Europe wax emulsion market.
Based on type, the Europe wax emulsion market is segmented into polyethylene, polypropylene, paraffin, vegetable-based, and others. The others segment held 31.9% market share in 2023, amassing US$ 173.11 million. It is projected to garner US$ 245.25 million by 2031 to register 4.5% CAGR during 2023-2031.
In terms of application, the Europe wax emulsion market is categorized into paints & coatings, printing inks, textile, personal care, packaging, and others. The paints & coatings segment held 34.7% share of Europe wax emulsion market in 2023, amassing US$ 188.27 million. It is anticipated to garner US$ 252.68 million by 2031 to expand at 3.7% CAGR during 2023-2031.
Based on country, the Europe wax emulsion market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 32.1% share of Europe wax emulsion market in 2023. It was assessed at US$ 173.80 million in 2023 and is likely to hit US$ 233.30 million by 2031, registering a CAGR of 3.7% during 2023-2031.
Key players operating in the Europe wax emulsion market are BASF SE, Hexion Inc, Repsol SA, Sasol Ltd, The Lubrizol Corp, Clariant AG, Michelman Inc, Allinova BV, H&R Group, and Productos Concentrol SA., among others.
In Jan 2023, Ter Chemicals announced an agreement with Allinova to be an exclusive distributor of Allinova wax emulsions in Poland. The wide product portfolio ranges from wax emulsions, flame retardants, crosslinking agents, repellents, and solvents to plastic dispersions.
In Oct 2021, H&R Group, a global sustainable refiner and marketer of specialty plasticizers, extender oils, softeners, and waxes headquartered in Hamburg, Germany, is investing US$ 48.3 million in a specialty manufacturing plant in Lumut, Perak, Malaysia.
o Highlights key business priorities to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Europe wax emulsion market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe wax emulsion market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Wax Emulsion Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 Raw Material Suppliers
4.2.2 Wax Emulsion Manufacturers
4.2.3 Distributors/Suppliers
4.2.4 End-Use Industry
4.2.5 List of Vendors in Value Chain
4.3 Porters Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.1 Threat of New Entrants
4.3.2 Intensity of Competitive Rivalry
4.3.3 Threat of Substitutes
5. Europe Wax Emulsion Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growth of Paints & Coatings Industry
5.1.2 Rising Demand for Polyethylene Wax Emulsions
5.2 Market Restraints
5.2.1 Fluctuations in Raw Material Prices
5.3 Market Opportunities
5.3.1 Innovations in Wax Emulsion Market
5.4 Future Trends
5.4.1 Development of Bio-Based Wax Emulsions
5.5 Impact Analysis
6. Wax Emulsion Market – Europe Analysis
6.1 Europe Wax Emulsion Market Overview
6.2 Wax Emulsion Market Volume (Kilo Tons), 2020-2031
6.3 Wax Emulsion Market Volume Forecast and Analysis (Kilo Tons)
6.4 Wax Emulsion Market Revenue (US$ Million), 2020-2031
6.5 Wax Emulsion Market Forecast and Analysis
7. Europe Wax Emulsion Market Volume and Revenue Analysis – by Type
7.1 Polyethylene
7.1.1 Overview
7.1.2 Polyethylene: Wax Emulsion Market – Volume and Forecast to 2031 (Kilo Tons)
7.1.3 Polyethylene: Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Polypropylene
7.2.1 Overview
7.2.2 Polypropylene: Wax Emulsion Market – Volume and Forecast to 2031 (Kilo Tons)
7.2.3 Polypropylene: Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Paraffin
7.3.1 Overview
7.3.2 Paraffin: Wax Emulsion Market – Volume and Forecast to 2031 (Kilo Tons)
7.3.3 Paraffin: Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Vegetable-Based
7.4.1 Overview
7.4.2 Vegetable-Based: Wax Emulsion Market – Volume and Forecast to 2031 (Kilo Tons)
7.4.3 Vegetable-Based: Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Wax Emulsion Market – Volume and Forecast to 2031 (Kilo Tons)
7.5.3 Others: Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
8. Europe Wax Emulsion Market Revenue Analysis – by Application
8.1 Paints & Coatings
8.1.1 Overview
8.1.2 Paints & Coatings: Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Printing Inks
8.2.1 Overview
8.2.2 Printing Inks: Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Textile
8.3.1 Overview
8.3.2 Textile: Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Personal Care
8.4.1 Overview
8.4.2 Personal Care: Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
8.5 Packaging
8.5.1 Overview
8.5.2 Packaging: Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
9. Europe Wax Emulsion Market – Country Analysis
9.1 Europe
9.1.1 Europe Wax Emulsion Market Breakdown, by Key Countries, 2023 and 2031 (%)
9.1.1.1 Europe Wax Emulsion Market Volume and Forecast and Analysis – by Country
9.1.1.2 Europe Wax Emulsion Market Revenue and Forecast and Analysis -by Country
9.1.1.3 Germany Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.3.1 Germany Wax Emulsion Market Breakdown by Type
9.1.1.4 France Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.4.1 France Wax Emulsion Market Breakdown by Type
9.1.1.5 Italy Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.5.1 Italy Wax Emulsion Market Breakdown by Type
9.1.1.6 United Kingdom Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.6.1 United Kingdom Wax Emulsion Market Breakdown by Type
9.1.1.7 Russia Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.7.1 Russia Wax Emulsion Market Breakdown by Type
9.1.1.8 Rest of Europe Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.8.1 Rest of Europe Wax Emulsion Market Breakdown by Type
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 BASF SE
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Hexion Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Repsol SA
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Sasol Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 The Lubrizol Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Clariant AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Michelman Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Allinova BV
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 H&R Group
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Productos Concentrol SA
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Research Team
Table 1. Europe Wax Emulsion Market Segmentation
Table 2. Wax Emulsion Market – Volume and Forecast to 2031 (Kilo Tons)
Table 3. Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Wax Emulsion Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 5. Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 6. Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 7. Europe Wax Emulsion Market – Volume and Forecast to 2031 (Kilo Tons) – by Country
Table 8. Europe Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 9. Germany Wax Emulsion Market -Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 10. Germany Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 11. Germany Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 12. France Wax Emulsion Market -Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 13. France Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 14. France Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 15. Italy Wax Emulsion Market -Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 16. Italy Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 17. Italy Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 18. United Kingdom Wax Emulsion Market -Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 19. United Kingdom Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 20. United Kingdom Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 21. Russia Wax Emulsion Market -Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 22. Russia Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 23. Russia Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 24. Rest of Europe Wax Emulsion Market -Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 25. Rest of Europe Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 26. Rest of Europe Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 27. Heat Map Analysis by Key Players
Figure 1. Europe Wax Emulsion Market Segmentation, by Country
Figure 2. Ecosystem: Europe Wax Emulsion Market
Figure 3. Europe Wax Emulsion Market Porter’s Analysis
Figure 4. Europe Wax Emulsion Market – Key Market Dynamics
Figure 5. Global Electric Car Sales (2016-2023)
Figure 6. Wax Emulsion Market Impact Analysis of Drivers and Restraints
Figure 7. Wax Emulsion Market Volume (Kilo Tons), 2020-2031
Figure 8. Wax Emulsion Market Revenue (US$ Million), 2020-2031
Figure 9. Wax Emulsion Market Share (%) – Type, 2023 and 2031
Figure 10. Polyethylene: Wax Emulsion Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 11. Polyethylene: Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Polypropylene: Wax Emulsion Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 13. Polypropylene: Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Paraffin: Wax Emulsion Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 15. Paraffin: Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Vegetable-Based: Wax Emulsion Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 17. Vegetable-Based: Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Others: Wax Emulsion Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 19. Others: Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Wax Emulsion Market Share (%) – Application, 2023 and 2031
Figure 21. Paints & Coatings: Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. Printing Inks: Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. Textile: Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Personal Care: Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 25. Packaging: Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 26. Others: Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 27. Europe Wax Emulsion Market, by Key Country – Revenue (2023) (US$ Million)
Figure 28. Europe Wax Emulsion Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 29. Germany Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 30. France Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 31. Italy Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 32. United Kingdom Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 33. Value of Construction Output for Private Sector (2018-2022)
Figure 34. Russia Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 35. Rest of Europe Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 36. Company Positioning & Concentration
The List of Companies – Europe Wax Emulsion Market
o BASF SE
o Hexion Inc
o Repsol SA
o Sasol Ltd
o The Lubrizol Corp
o Clariant AG
o Michelman Inc
o Allinova BV
o H&R Group
o Productos Concentrol SA
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