Market Overview:
The global palm wax market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for palm wax in various applications such as automotive, cosmetics, food, pharmaceuticals and others. Additionally, the growing awareness about the benefits of using palm wax is also propelling its demand across the globe. Based on type, T-1 segment is anticipated to hold a dominant position in terms of revenue share throughout the forecast period followed by T-3 and T-4 segments respectively. On account of its properties such as high melting point and good thermal stability; T-1 segment is extensively used in manufacturing candles and other decorative items. However, with increasing awareness about environment friendly products among consumers; T-3 segment which comprises 100% natural palm waxes is projected to witness highest growth rate over next few years. Regionally, North America accounted for majority share in terms of revenue generated in 2017 followed by Europe and Asia Pacific respectively.
Product Definition:
Palm wax is a vegetable wax that is derived from the fruit of the oil palm tree. It has a high melting point and a low odor, making it an ideal candidate for use in candles, cosmetics, and other products. Palm wax is also sustainable and eco-friendly, making it a popular choice for consumers looking for environmentally friendly products.
T-1:
T-1 is also known as thymolone or 2,5-thymol. It is a chemical compound and an organic constituent of essential oils. T-1 can be extracted from several plants including sassafras, tea tree oil, clove oil and others.
T-3:
T-3 is a liquid dietary supplement that aids in boosting the immune system. It contains vitamins, minerals and amino acids. The product also claims to reduce fatigue and increase energy levels in the body. T-3 can be used by both adults and children as an aid to improve their overall health.
Application Insights:
The automotive segment accounted for over 40% of the overall market in 2017. Palm waxes are used as a raw material in the manufacturing of carnauba and candelilla wax products. The growing importance of palm-based products in automobile manufacturing is expected to have a positive impact on the overall industry growth over the forecast period.
In cosmetics, it is used as an emollient and moisturizer for skin, hair, and nails owing to its natural antioxidant properties. It also finds application as an ingredient in various skincare formulations including creams, lotions, gels & pastes due to its humectant properties that help draw moisture from deep within the skin layers resulting into soft & smooth skin texture with reduced visibility of wrinkles on aging faces across all races/ethnicities.
Regional Analysis:
Asia Pacific was the largest market for palm wax in 2016 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 50% of global demand in 2016 owing to high product utilization in countries such as China, India, Japan, and South Korea. Palm oil is extensively used as an ingredient in cosmetics products such as skin cream, hair care products including shampoo and conditioner due to its nourishing properties that help improve the overall health of skin and hair. In addition, it finds application in pharmaceutical sector due to increasing demand for ointments that are used during wound healing process.
North America emerged as one of the major consumers of palm wax with a share exceeding 5%. Growing automotive industry coupled with rising consumer spending on vehicle maintenance is expected to have a positive impact on market growth over the forecast period from 2017-2030 ending at T price scenario globally thereby making U.S.
Growth Factors:
- Increasing demand for natural and sustainable products.
- Rising awareness about the benefits of palm wax candles.
- Growing popularity of aromatherapy and essential oils.
- Rising disposable income of consumers in developing countries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Palm Wax Market Research Report
By Type
T-1, T-3, T-4
By Application
Automotive, Cosmetics, Food, Pharmaceutical, Others
By Companies
Foncepi, Carnauba do Brasil, Pontes, Brasil Ceras, Rodolfo, Koster Keunen, PVP, Cerasmel Relumay, Grupo Biobras, MEGH, Strahl & Pitsch, KahlWax, Norevo, Musim Mas, PT. Megasurya Mas
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Palm Wax Market Report Segments:
The global Palm Wax market is segmented on the basis of:
Types
T-1, T-3, T-4
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
Automotive, Cosmetics, Food, Pharmaceutical, 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:
- Foncepi
- Carnauba do Brasil
- Pontes
- Brasil Ceras
- Rodolfo
- Koster Keunen
- PVP
- Cerasmel Relumay
- Grupo Biobras
- MEGH
- Strahl & Pitsch
- KahlWax
- Norevo
- Musim Mas
- PT. Megasurya Mas
Highlights of The Palm 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:
- T-1
- T-3
- T-4
- By Application:
- Automotive
- Cosmetics
- Food
- Pharmaceutical
- 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 Palm 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
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?
Palm wax is a natural, renewable resource that is extracted from the fruit of the palm tree. It has been used for centuries to create products such as candles, soaps, and cosmetics. Palm wax is environmentally friendly because it does not require any chemicals or solvents to be extracted from the plant.
Some of the major companies in the palm wax market are Foncepi, Carnauba do Brasil, Pontes, Brasil Ceras, Rodolfo, Koster Keunen, PVP, Cerasmel Relumay, Grupo Biobras, MEGH, Strahl & Pitsch, KahlWax, Norevo, Musim Mas, PT. Megasurya Mas.
The palm wax market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Palm Wax Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Palm Wax Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Palm Wax Market - Supply Chain
4.5. Global Palm Wax Market Forecast
4.5.1. Palm Wax Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Palm Wax Market Size (000 Units) and Y-o-Y Growth
4.5.3. Palm Wax Market Absolute $ Opportunity
5. Global Palm Wax Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Palm Wax Market Size and Volume Forecast by Type
5.3.1. T-1
5.3.2. T-3
5.3.3. T-4
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Palm Wax Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Palm Wax Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Cosmetics
6.3.3. Food
6.3.4. Pharmaceutical
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Palm Wax Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Palm Wax Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Palm Wax Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Palm Wax Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Palm Wax Demand Share Forecast, 2019-2029
9. North America Palm Wax Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Palm Wax Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Palm Wax Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Cosmetics
9.4.3. Food
9.4.4. Pharmaceutical
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Palm Wax Market Size and Volume Forecast by Type
9.7.1. T-1
9.7.2. T-3
9.7.3. T-4
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Palm Wax Demand Share Forecast, 2019-2029
10. Latin America Palm Wax Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Palm Wax Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Palm Wax Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Cosmetics
10.4.3. Food
10.4.4. Pharmaceutical
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Palm Wax Market Size and Volume Forecast by Type
10.7.1. T-1
10.7.2. T-3
10.7.3. T-4
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Palm Wax Demand Share Forecast, 2019-2029
11. Europe Palm Wax Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Palm Wax Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Palm Wax Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Cosmetics
11.4.3. Food
11.4.4. Pharmaceutical
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Palm Wax Market Size and Volume Forecast by Type
11.7.1. T-1
11.7.2. T-3
11.7.3. T-4
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.0.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Palm Wax Demand Share, 2019-2029
12. Asia Pacific Palm Wax Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Palm Wax Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Palm Wax Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Cosmetics
12.4.3. Food
12.4.4. Pharmaceutical
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Palm Wax Market Size and Volume Forecast by Type
12.7.1. T-1
12.7.2. T-3
12.7.3. T-4
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Palm Wax Demand Share, 2019-2029
13. Middle East & Africa Palm Wax Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Palm Wax Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Palm Wax Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Cosmetics
13.4.3. Food
13.4.4. Pharmaceutical
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Palm Wax Market Size and Volume Forecast by Type
13.7.1. T-1
13.7.2. T-3
13.7.3. T-4
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Palm Wax Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Palm Wax Market: Market Share Analysis
14.2. Palm Wax Distributors and Customers
14.3. Palm Wax Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Foncepi
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Carnauba do Brasil
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Pontes
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Brasil Ceras
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Rodolfo
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Koster Keunen
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. PVP
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Cerasmel Relumay
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Grupo Biobras
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. MEGH
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Strahl & Pitsch
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. KahlWax
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Norevo
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Musim Mas
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. PT. Megasurya Mas
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
