South & Central America Wax Emulsion Market Forecast to 2031
South & Central America 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)
$2,485 – $3,885
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Description
Innovations in Wax Emulsion Market Fuel South & Central America Wax Emulsion Market
The key manufacturers operating in the wax emulsion market are investing significantly in strategic development initiatives such as product innovation and R&D to attract a wide customer base and enhance their market position. Several researchers are focused on enhancing the thermal and physical properties of wax emulsions to improve their characteristics and product life. Moreover, multifunctional additives are incorporated into the wax emulsion to add characteristics such as antimicrobial properties and UV resistance. Researchers across the globe are studying the enhancement of surface properties of emulsions made from nano-sized wax particles. Other innovations in the wax emulsion market include the development of wax emulsions that can be modified according to the requirements of targeted applications and environmental changes such as temperature and pH. Scientists and researchers are working on the incorporation of nanotechnology in wax emulsion to enhance the material properties. Nanotechnology is used for the efficient and uniform application of wax emulsions. For instance, in December 2022, researchers from the University of Freiburg (Germany), SIRRIS (Belgium), and Indian Institute of Technology (India), developed a method for emulsification of carnauba wax by a reaction of maleic anhydride, resulting in the encapsulation of the wax into stabilized organic nanoparticles. Thus, rising product innovations and research are expected to create lucrative opportunities in the wax emulsion market during the forecast period.
South & Central America Wax Emulsion Market Overview
According to the report by the Brazilian Association of Automotive Vehicle Manufacturers, the production of automobiles in Brazil grew by 11.4%, and the sales were boosted by 10.9% from February to March 2022. In 2022, Audi AG invested US$ 19.2 million to restart production at its plant in Parana, Brazil, registering a capacity of 4,000 vehicles per year. Several economies in the region are focused on the development of electric vehicle infrastructure. In February 2023, Argentina’s Federal Energy Department issued a resolution designed to support the growth of the low-emission vehicle industry. According to the Association of Automotive Manufacturers, 7,846 units of vehicles powered by alternative energies were patented in 2022 in Argentina. Wax emulsions are used as additives in automotive paints & coatings to enhance properties such as durability, corrosion resistance, gloss, and scratch resistance. Therefore, the growing demand for vehicles is projected to drive the demand for wax emulsions during the forecast period.
South & Central America Wax Emulsion Market Revenue and Forecast to 2031 (US$ Million)
South & Central America Wax Emulsion Market Segmentation
The South & Central America wax emulsion market is categorized into type, application, and country.
Based on type, the South & Central America 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 South & Central America 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 South & Central America wax emulsion market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America wax emulsion market share in 2023.
BASF SE, Hexion Inc, Repsol SA, The Lubrizol Corp, Clariant AG, Michelman Inc, H&R Group, and Productos Concentrol SA., are some of the leading companies operating in the South & Central America wax emulsion market.
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According to Business Market Insights’ research, the South & Central America wax emulsion market was valued at US$ 139.97 million in 2023 and is expected to reach US$ 199.10 million by 2031, registering a CAGR of 4.5% from 2023 to 2031. Development of bio-based wax emulsions and innovations in wax emulsion market are among the critical factors attributed to drive the South & Central America wax emulsion market growth.
Bio-based polymers are environmentally friendly and are the subject of extensive research in various fields. Bio-based materials exhibit sustainability, thereby driving their use in commercial applications. The easy availability of natural raw materials for the production of bio-based polymers is an added factor fueling its supply and demand. Further, due to rising concerns and awareness about the social and environmental impacts of synthetic wax emulsion systems, customers are shifting toward the utilization of bio-based wax such as carnauba and beeswax. Stringent government regulations pertaining to the utilization of toxic chemicals across the world have encouraged many market players to develop nontoxic alternatives and green emulsions, aiding global sustainability goals. The rising demand for bio-based materials has prompted manufacturers to develop bio-based wax emulsions for various applications. In 2023, Emulco NV introduced AquaVeg bio-based wax emulsion for the panel board industry. In 2023, BYK launched a bio-based wax emulsion made from modified rice bran, free from microplastics. It is produced for applications in household care products, polishes, and aqueous coatings. In 2022, Deurex Wax Company launched biomere-based wax emulsion, a biodegradable wax series. In 2022, Münzing Corporation developed WÜKONIL NAT 1000, a bio-based and biodegradable wax dispersion, for wood and architectural coating applications. Thus, the replacement of petroleum-derived polymers with bio-based materials or polymers, otherwise sourced from natural sources or natural waxes, is expected to become a significant trend in the wax emulsion market.
On the contrary, fluctuations in raw material prices hamper the growth of South & Central America wax emulsion market.
Based on type, the South & Central America wax emulsion market is segmented into polyethylene, polypropylene, paraffin, vegetable-based, and others. The others segment held 28.7% market share in 2023, amassing US$ 40.11 million. It is projected to garner US$ 57.38 million by 2031 to register 4.6% CAGR during 2023-2031.
In terms of application, the South & Central America wax emulsion market is categorized into paints & coatings, printing inks, textile, personal care, packaging, and others. The paints & coatings segment held 35.2% share of South & Central America wax emulsion market in 2023, amassing US$ 49.33 million. It is anticipated to garner US$ 66.86 million by 2031 to expand at 3.9% CAGR during 2023-2031.
Based on country, the South & Central America wax emulsion market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 51.2% share of South & Central America wax emulsion market in 2023. It was assessed at US$ 71.62 million in 2023 and is likely to hit US$ 106.24 million by 2031, registering a CAGR of 5.1% during 2023-2031.
Key players operating in the South & Central America wax emulsion market are BASF SE, Hexion Inc, Repsol SA, The Lubrizol Corp, Clariant AG, Michelman Inc, H&R Group, and Productos Concentrol SA., among others.
In June 2023, Concentrol updated its catalog of wax emulsions, introducing a wide range of EMULTROL products that cater to various application sectors. These wax or oil emulsions are formulated using diverse materials, offering unique and versatile properties that make them ideal for a wide range of industries and applications.
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 South & Central America 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 South & Central America market trends and outlook coupled with the factors driving the South & Central America 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. South & Central America 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
4.3 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. South & Central America 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 – South & Central America Analysis
6.1 South & Central America 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. South & Central America 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. South & Central America 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. South & Central America Wax Emulsion Market – Country Analysis
9.1 South & Central America
9.1.1 South & Central America Wax Emulsion Market Breakdown, by Key Countries, 2023 and 2031 (%)
9.1.1.1 South & Central America Wax Emulsion Market Volume and Forecast and Analysis – by Country
9.1.1.2 South & Central America Wax Emulsion Market Revenue and Forecast and Analysis -by Country
9.1.1.3 Brazil Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.3.1 Brazil Wax Emulsion Market Breakdown by Type
9.1.1.4 Argentina Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.4.1 Argentina Wax Emulsion Market Breakdown by Type
9.1.1.5 Rest of South & Central America Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.5.1 Rest of South & Central America 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 The Lubrizol Corp
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 Clariant AG
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 Michelman Inc
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 H&R Group
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 Productos Concentrol SA
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
13. Appendix
13.1 About The Research Team
Table 1. South & Central America 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. South & Central America Wax Emulsion Market – Volume and Forecast to 2031 (Kilo Tons) – by Country
Table 8. South & Central America Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 9. Brazil Wax Emulsion Market -Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 10. Brazil Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 11. Brazil Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 12. Argentina Wax Emulsion Market -Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 13. Argentina Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 14. Argentina Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 15. Rest of South & Central America Wax Emulsion Market -Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 16. Rest of South & Central America Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 17. Rest of South & Central America Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 18. Heat Map Analysis by Key Players
Figure 1. South & Central America Wax Emulsion Market Segmentation, by Country
Figure 2. Ecosystem: Wax Emulsion Market
Figure 3. Wax Emulsion Market-Porter’s Analysis
Figure 4. 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. South & Central America Wax Emulsion Market, by Key Country – Revenue (2023) (US$ Million)
Figure 28. South & Central America Wax Emulsion Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 29. Brazil Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 30. Argentina Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 31. Rest of South & Central America Wax Emulsion Market – Revenue and Forecast to 2031 (US$ Million)
Figure 32. Company Positioning & Concentration
The List of Companies – South & Central America Wax Emulsion Market
o BASF SE
o Hexion Inc
o Repsol SA
o The Lubrizol Corp
o Clariant AG
o Michelman Inc
o H&R Group
o Productos Concentrol SA
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