Market Overview:
The global lignite wax market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for lignite wax from various applications such as printing, rubber & plastics & textile industry, cosmetic, polishes, electrical appliance industry, leather care and others. In addition, the growing demand for lignite wax in emerging countries is also contributing to the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period.
 Wax Industry Outlook.svg)
Product Definition:
Lignite (Montan) Wax is a natural, soft wax that is derived from the lignite coal deposit. It has a high melting point and is used in many products where a hard, durable wax is required. Lignite (Montan) Wax can be found in products such as candles, crayons, lip balms and polishes.
Crude Montan Wax:
Crude montan wax is a type of petroleum wax that is obtained from the fractional distillation of crude oil. It has a molecular structure similar to that of paraffin, but with more carbon and hydrogen content. The product name comes from its primary source, the Montan region in California which has been an important source for mineral oils since 1857.
The major application areas for this product are as an additive in diesel fuel.
Refined Montan Wax:
Refined montan wax is a type of petroleum wax that is produced from the distillation of crude oil. It has high molecular weight and low density which makes it suitable for use in lignite (montan) wax market. Refined Montan Waxes are also used as adhesives, sealants, and coating materials in various end-use industries such as construction, automotive aftermarket & OEMs along with other industrial applications including textile finishing & leather tanning.
Application Insights:
The printing application segment led the global lignite (montan) wax market in 2017 and is projected to witness significant growth over the forecast period. Lignite (Montan) waxes are used as a component in several types of print-based applications, such as paper coatings, inkjet papers and fabrics. The growing demand for printed products across various end-use industries is expected to drive the segment growth over the forecast period.
Rubber & plastics & textile industry was one of the major application segments that contributed significantly to market share of lignite (montan) wax in 2017. Growing demand for rubber products from several industries including automotive, construction and packaging on account of excellent properties offered by them is expected to drive their consumption over next few years thereby influencing overall product demand positively.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. China, Australia, India, and Indonesia are among the largest consumers of lignite (montan) wax in this region. Rapid industrialization coupled with increasing foreign investments has positively impacted regional growth. For instance, FDI investments by Indian companies such as Nirma Limited contributed to a significant increase in production capacity for printing ink at plants including R&D facilities located across India and Vietnam.
North America is projected to be one of the fastest-growing regional markets from 2018 to 2030 owing to high product demand from end-use industries such as cosmetics & personal care products manufacturing industry due largely than growing consumer awareness regarding health & hygiene issues along with rapid urbanization resulting into increased spending on household products including paints & coatings; rubber & plastics; automotive interior components; adhesives for furniture assembly etc.
Growth Factors:
- Increasing demand from end-use industries such as cosmetics, pharmaceuticals, and agrochemicals due to its properties such as low toxicity, non-irritating to skin, and biodegradability.
- Rising awareness about the benefits of lignite wax among consumers is expected to fuel the growth of the market over the forecast period.
- Growing use of lignite wax in various applications including candles, polishes, food additives, and personal care products is projected to boost demand for lignite wax during the forecast period.
- Technological advancements in extraction processes are likely to provide opportunities for market players over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
lignite (Montan) Wax Market Research Report
By Type
Crude Montan Wax, Refined Montan Wax
By Application
Printing, Rubber & Plastics & Textile Industry, Cosmetic, Polishes, Electrical Appliance Industry, Leather Care, Others
By Companies
ROMONTA, Clariant, VOLPKER, Yunan Shangcheng Biotechnology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global lignite (Montan) Wax Market Report Segments:
The global lignite (Montan) Wax market is segmented on the basis of:
Types
Crude Montan Wax, Refined Montan Wax
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Printing, Rubber & Plastics & Textile Industry, Cosmetic, Polishes, Electrical Appliance Industry, Leather Care, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ROMONTA
- Clariant
- VOLPKER
- Yunan Shangcheng Biotechnology
 Wax Market Overview.svg)
Highlights of The lignite (Montan) Wax Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Crude Montan Wax
- Refined Montan Wax
- By Application:
- Printing
- Rubber & Plastics & Textile Industry
- Cosmetic
- Polishes
- Electrical Appliance Industry
- Leather Care
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the lignite (Montan) Wax Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Wax Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lignite (Montan) Wax is a type of wax that is derived from lignite coal. It has a low melting point, making it suitable for use in candles and other products that require a high level of fragrance and flavor.
Some of the major companies in the lignite (montan) wax market are ROMONTA, Clariant, VOLPKER, Yunan Shangcheng Biotechnology.
The lignite (montan) wax market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 lignite (Montan) Wax Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 lignite (Montan) Wax Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 lignite (Montan) Wax Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the lignite (Montan) Wax Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global lignite (Montan) Wax Market Size & Forecast, 2018-2028
4.5.1 lignite (Montan) Wax Market Size and Y-o-Y Growth
4.5.2 lignite (Montan) Wax Market Absolute $ Opportunity
Chapter 5 Global lignite (Montan) Wax Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 lignite (Montan) Wax Market Size Forecast by Type
5.2.1 Crude Montan Wax
5.2.2 Refined Montan Wax
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global lignite (Montan) Wax Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 lignite (Montan) Wax Market Size Forecast by Applications
6.2.1 Printing
6.2.2 Rubber & Plastics & Textile Industry
6.2.3 Cosmetic
6.2.4 Polishes
6.2.5 Electrical Appliance Industry
6.2.6 Leather Care
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global lignite (Montan) Wax Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 lignite (Montan) Wax Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America lignite (Montan) Wax Analysis and Forecast
9.1 Introduction
9.2 North America lignite (Montan) Wax Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America lignite (Montan) Wax Market Size Forecast by Type
9.6.1 Crude Montan Wax
9.6.2 Refined Montan Wax
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America lignite (Montan) Wax Market Size Forecast by Applications
9.10.1 Printing
9.10.2 Rubber & Plastics & Textile Industry
9.10.3 Cosmetic
9.10.4 Polishes
9.10.5 Electrical Appliance Industry
9.10.6 Leather Care
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe lignite (Montan) Wax Analysis and Forecast
10.1 Introduction
10.2 Europe lignite (Montan) Wax Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe lignite (Montan) Wax Market Size Forecast by Type
10.6.1 Crude Montan Wax
10.6.2 Refined Montan Wax
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe lignite (Montan) Wax Market Size Forecast by Applications
10.10.1 Printing
10.10.2 Rubber & Plastics & Textile Industry
10.10.3 Cosmetic
10.10.4 Polishes
10.10.5 Electrical Appliance Industry
10.10.6 Leather Care
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific lignite (Montan) Wax Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific lignite (Montan) Wax Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific lignite (Montan) Wax Market Size Forecast by Type
11.6.1 Crude Montan Wax
11.6.2 Refined Montan Wax
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific lignite (Montan) Wax Market Size Forecast by Applications
11.10.1 Printing
11.10.2 Rubber & Plastics & Textile Industry
11.10.3 Cosmetic
11.10.4 Polishes
11.10.5 Electrical Appliance Industry
11.10.6 Leather Care
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America lignite (Montan) Wax Analysis and Forecast
12.1 Introduction
12.2 Latin America lignite (Montan) Wax Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America lignite (Montan) Wax Market Size Forecast by Type
12.6.1 Crude Montan Wax
12.6.2 Refined Montan Wax
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America lignite (Montan) Wax Market Size Forecast by Applications
12.10.1 Printing
12.10.2 Rubber & Plastics & Textile Industry
12.10.3 Cosmetic
12.10.4 Polishes
12.10.5 Electrical Appliance Industry
12.10.6 Leather Care
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) lignite (Montan) Wax Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) lignite (Montan) Wax Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) lignite (Montan) Wax Market Size Forecast by Type
13.6.1 Crude Montan Wax
13.6.2 Refined Montan Wax
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) lignite (Montan) Wax Market Size Forecast by Applications
13.10.1 Printing
13.10.2 Rubber & Plastics & Textile Industry
13.10.3 Cosmetic
13.10.4 Polishes
13.10.5 Electrical Appliance Industry
13.10.6 Leather Care
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 lignite (Montan) Wax Market: Competitive Dashboard
14.2 Global lignite (Montan) Wax Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ROMONTA
14.3.2 Clariant
14.3.3 VOLPKER
14.3.4 Yunan Shangcheng Biotechnology
