A recent report published by Infinium Global Research on montan wax market provides an in-depth analysis of segments and sub-segments in the global as well as regional montan wax market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional montan wax market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global montan wax market. According to the report, the global montan wax market is projected to grow at a CAGR of 4.2% over the forecast period of 2019-2025.
Montan wax is a mineral wax, obtained from coal and shale. They are easily emulsifiable hard waxes. They can be processed in formulations for a wide variety of dispersions depending on the individual requirements. The special derivatives are used worldwide as multifunctional high-performance additives in a wide variety of industries. The most important applications are found in the plastics industry, the coating industry and in the cosmetics and pharmaceutical industries.
The growing use of montan waxes for several industrial applications drives the growth of the market. It is widely used in the daily chemical industry, automotive industry, electrical industry, carbon paper industry, machinery industry and many other industries using wax. The montan wax is characterized by low electric conductivity and has a good insulating property, it can be coated on the surface of the electric wires and cables. Apart from that, it can also be used on the fixed porcelain insulator and the binding wires, as well as the external layer of the mated compensating wires coatings to improve its electric insulating property, prevent it from being tacky and extending its service life. However, the increasing global shortage of available raw materials is causing users to eliminate montan wax products from their applications, which is most likely to hamper market growth. Moreover, research and development on efficient and environmentally friendly technologies for extracting Montan waxes are expected to create lucrative growth opportunities for the market players.
Geographically, Europe holds the largest share in the global montan wax market. Germany is the largest producer of the montan wax in the world. In addition, the increasing use of montan wax for automotive applications contributes to the growth of the Europe Montan wax market. North America holds the second largest share in the global montan wax market. California is the only the U.S. montan wax producer. However, it only produces a small amount of montan wax in comparison to Germany.
The report on global montan wax market covers segments such as type, function, and end-user. On the basis of type, the sub-markets include crude montan wax, and bleached Montan wax. On the basis of function, the sub-markets include coating agents, lubricants, emulsions, dispersants, and other functions. On the basis of end-user, the sub-markets include automotive, food & beverage, electrical, agriculture & forestry, and other end-users.
The report provides profiles of the companies in the market such as Völpker Spezialprodukte GmbH, Clariant AG, ROMONTA GmbH, MÜNZING Corporation, and Paramelt B.V.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of montan wax market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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