Cosmetic Wax Market, By Process (Natural, Synthetic); Type (Paraffin, Microcrystalline, Gas-to-liquids, Polymer, Beeswax, Carnauba Vegetable and Others); Application(Lip products, Mascara , Makeup, Skin Care, Hair wax, Organic cosmetic);Region (Asia-Pacific, North America, Europe, South America and Middle East & Africa) - Forecasts to 2022
Waxes are primarily composed of long chain esters that are solid at room temperature. The most common waxes used for cosmetics includes beeswax, carnauba, candelilla, polyethylene, and paraffin. The cosmetic waxes are commonly used in lip balms, hair removal and sticks, and function as structuring agents, giving the stick the rigidity to stand up on its own, as well it consists of the barrier properties. The waxes can be combined with different properties such as flexibility, high shine, and brittleness, for achieving the optimal cosmetic performance. Usually waxes are combined with compatible oils to achieve the required softness. Cosmetic waxes are particularly useful in hand creams and mascara emulsions for their thickening and waterproofing properties.
The global cosmetic wax market is estimated to be USD x.xx million in 2017 and is expected to reach USD x.xx million by 2022.The market is expected to grow at a CAGR of x.x% in terms of value during the forecast period. North America recorded the highest consumption of cosmetic waxes in 2016 followed by Asia-Pacific and Europe and will continue to follow similar trend due to strong growth due to increasing bio-wax for cosmetic and personal care products as these waxes provide structure and texture to cosmetic products. Beeswax is one of the most widely used natural waxes in the personal care industry. The cosmetic waxes can be used in the formulation for a wide range of products including bath products, baby products, lipstick, makeup, fragrances, coloring and non-coloring hair products, nail and skin care products, personal cleanliness products, shaving products as well as sunscreen and suntan products.
The market has been segmented on basis of process such as Natural Cosmetic Wax and Synthetic Cosmetic Wax. On the basis of type, Paraffin, Microcrystalline, Gas-to-liquids, Polymer, Beeswax, carnauba vegetable and others. The segmentation for the applications includes Lip products, Mascara , Makeup , Skin Care , Hair wax, Organic cosmetic and others have been considered during study.
An in-depth market share analysis, in terms of revenue, of the top companies is also included in the report. These numbers are arrived at based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts and key opinion leaders such as CEOs, directors, and marketing executives. A detailed market share analysis of the leading players with the vendor dive analysis in the global cosmetic wax market has been covered in this report. The key companies in this market include Dow Corning, Clariant, Apis Flora, Wax Green, Comvita, Polenectar, King's Gel, MN Propolis, Evergreen, Ponlee and others.
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