The North America wax emulsion market is expected to reach USD 845,269.72 thousand by 2031 from USD 696,636.14 thousand in 2023, growing at a CAGR of 2.5% during the forecast period of 2024 to 2031.
Market Segmentation
North America Wax Emulsion Market, By Material Base (Synthetic Base Wax Emulsion and Natural Base Wax Emulsion), Emulsifier (Non-Ionic Surfactants, Anionic-Surfactants, and Cationic Surfactants), End User Industry (Paints and Coatings, Textiles, Cosmetics, Adhesives and Sealants, Construction and Woodworking, Food Industry, and Others), Country (U.S., Canada, Mexico,) - Industry Trends and Forecast to 2031
Overview of North America Wax Emulsion Market Dynamics
- Drivers
- Shift towards water-based formulations
- Shifting consumer preferences towards natural and organic products
- Rising demand for personal care products
- Restraints
- Environmental regulations and sustainability concerns
- High production costs and limited shelf life
- Opportunities
- The increasing demand for wax emulsions in the paints and coatings industry
- Rising applications in Adhesives and Sealants
- Customization and specialty applications
Market Players
Some of the major market players operating in the North America wax emulsion market are listed below:
- H&R GROUP
- PMC Group, Inc.
- Repsol
- Michelman, Inc.
- King Honor International Ltd.
- Govi
- Pacific Texchem Private Limited
- Henry Company
- Micro Powders, Inc.
- CHT Germany GmbH
- MEGH
- Nanjing Tianshi New Material Technologies Co., Ltd
- Paraffinwaxco, Inc.
- BASF SE
- NIPPON SEIRO CO., LTD.
- The Lubrizol Corporation
- Hexion
- ALTANA
- Sasol Limited.
- SHAMROCK
- Wacker Chemie AG
- Walker Industries
- Paramelt RMC B.V.