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Global Carnauba Wax Market by Product (Type 3, Type 4, Type 1), by Application (Automotive, Food, Pharmaceutical, Cosmetics) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: CHM-74783
  • Author: Up Market Research
  • Rating: 4.6
  • Total Reviews: 75
  • No. Of Pages: 207
  • Format:
  • Pub. Date: 2021-10-21
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Industry Insights

Due to the growing popularity of confectionery products, the global carnauba market was valued at USD 246.0 million. Over the forecast period, the demand for chewy confectionery like jellies or chewing gums will increase, primarily in Asia Pacific due to increased youth consumption.

Due to the abundant raw material in Brazil, the majority of the industry's manufacturers are located in Brazil. Raw material suppliers are responsible for extracting the wax from the Brazilian palm tree leaves at a location that is not accessible to wax processing and filtering. The process of filtering and processing the product is not very capital-intensive, which results in low setup costs for manufacturers. Extracting and processing require a lot of labor, which results in a higher labor price.

Carnauba wax is dependent on continuous supply of Brazilian palm tree raw material from August through January. Because there are no other employment options for laborers, the raw material costs are lower during this period. The process of extracting crude wax is slow and does not use advanced leaf drying techniques. This results in a longer extraction time.

Raw material suppliers are responsible for paying the labor costs of workers, transport, logistics, and minimal equipment cost. The cost of operating landholdings for raw material suppliers depends on the type of ownership and where the land is located. Distributors in this industry have high distribution margins due to price customizations based on the region. The distributors' transportation costs can affect the margin shares.

Due to growing demand for carnauba wax in cosmetics and food glazing, the market for this wax is expected to grow. This market will experience steady growth over the forecast period with minimal changes in production.

Product Insights

Segmentation of the market is based on products: type 1 and 3 are carnauba wax types, while type 4 is type 4. Type 1 was the most popular type in 2015, accounting for more than USD 92 millions. It is the purest form and most in demand for niche applications, such as pharmaceuticals and food products. It is also used to make premium automotive wax formulations. These are used to enhance the appearance of automobile bodies and increase their aesthetic appeal. The product is expected to be in high demand as fruit coatings become more popular.

Type 3 and 4 waxes are dark in color. They can be used in automotive applications, in industrial polishes and in leather tanning. It's also used in cosmetics as an agent to give gloss to different products, such as nail polishes and lip colors. Type 4 will see an increase in demand due to the increasing demand for mold release agents.

Application Insights

Due to the increasing use of carnauba in confectionery and fruit coatings, the food industry accounts for more than 18% of global revenue. The forecast period will see an increase in demand for these products due to growing disposable income and growing preference towards high-priced wax treated foods.

Premium shine wax is in high demand and accounts for a large portion of the automotive industry. It is used in capsules and tablets for the timed release of drug drugs, but there is not much demand in pharmaceutical applications. Market growth is expected to be driven by the high demand for cosmetics in Asia Pacific and Europe.

Regional Insights

Due to the maturity of the market, North America and Europe are expected to have a limited demand. Automotive care waxes are expected to drive the demand for the product. Due to the increasing sales of used cars and the growth in automotive sales, the demand for this product will likely be high.

This growth will be driven by the increasing demand for the product in Asia Pacific due to rapid industrialization which has led to the development of many application industries in this region. Market growth is expected to be driven by the rising demand for food glazing products in China's developing confectionery and food industries. Market growth in Asia Pacific will also be accelerated by the increasing use of the product within the automotive industry.

Market Share in Carnauba Wax

Due to the efforts of major manufacturers to increase their revenues and margins, the market has seen a steady price rise. These companies have been in operation for more than ten years. They benefit from market knowledge and extensive experience. The company produces carnauba wax and exports it to global markets via multiple distribution channels that include wholesalers, suppliers, distributors, and distributors. Companies have access to plentiful raw materials and favorable regulations from Brazil.

Foncepi comercial exportadora Ltda, Brasil Ceras and Carnauba do Brasil are the key players in the global market for carnauba wax.

Up Market Research published a new report titled “Carnauba Wax Market research report which is segmented by Product (Type 3, Type 4, Type 1), by Application (Automotive, Food, Pharmaceutical, Cosmetics), By Players/Companies Pontes industria de Cera ltda, Carnauba do Brasil, Brasil Ceras, Tropical Ceras do Brasil Ltda, Foncepi comercial exportadora ltda”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleCarnauba Wax Market Research Report
By ProductType 3, Type 4, Type 1
By ApplicationAutomotive, Food, Pharmaceutical, Cosmetics
By CompaniesPontes industria de Cera ltda, Carnauba do Brasil, Brasil Ceras, Tropical Ceras do Brasil Ltda, Foncepi comercial exportadora ltda
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages207
Number of Tables & Figures145
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Carnauba Wax Industry Outlook

Global Carnauba Wax Market Report Segments:

The market is segmented by Product (Type 3, Type 4, Type 1), by Application (Automotive, Food, Pharmaceutical, Cosmetics).

Carnauba Wax Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Carnauba Wax Market

Overview of the regional outlook of the Carnauba Wax Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Carnauba Wax Market Overview

Highlights of The Carnauba Wax Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Carnauba Wax Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Product:

                1. Type 3

                2. Type 4

                3. Type 1

        7. By Application:

                1. Automotive

                2. Food

                3. Pharmaceutical

                4. Cosmetics

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Carnauba 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 2028.


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

Carnauba Wax Market Trends

Reasons to Purchase the Carnauba Wax Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Carnauba 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 Carnauba Wax Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Carnauba 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 Carnauba 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 Carnauba Wax Market Size & Forecast, 2018-2028 
      4.5.1 Carnauba Wax Market Size and Y-o-Y Growth 
      4.5.2 Carnauba Wax Market Absolute $ Opportunity 


Chapter 5 Global Carnauba Wax Market Analysis and Forecast by Product
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Product
      5.1.2 Basis Point Share (BPS) Analysis by Product
      5.1.3 Absolute $ Opportunity Assessment by Product
   5.2 Carnauba Wax Market Size Forecast by Product
      5.2.1 Type 3
      5.2.2 Type 4
      5.2.3 Type 1
   5.3 Market Attractiveness Analysis by Product

Chapter 6 Global Carnauba Wax Market Analysis and Forecast by Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Application
      6.1.2 Basis Point Share (BPS) Analysis by Application
      6.1.3 Absolute $ Opportunity Assessment by Application
   6.2 Carnauba Wax Market Size Forecast by Application
      6.2.1 Automotive
      6.2.2 Food
      6.2.3 Pharmaceutical
      6.2.4 Cosmetics
   6.3 Market Attractiveness Analysis by Application

Chapter 7 Global Carnauba 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 Carnauba 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 Carnauba Wax Analysis and Forecast
   9.1 Introduction
   9.2 North America Carnauba 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 Carnauba Wax Market Size Forecast by Product
      9.6.1 Type 3
      9.6.2 Type 4
      9.6.3 Type 1
   9.7 Basis Point Share (BPS) Analysis by Product 
   9.8 Absolute $ Opportunity Assessment by Product 
   9.9 Market Attractiveness Analysis by Product
   9.10 North America Carnauba Wax Market Size Forecast by Application
      9.10.1 Automotive
      9.10.2 Food
      9.10.3 Pharmaceutical
      9.10.4 Cosmetics
   9.11 Basis Point Share (BPS) Analysis by Application 
   9.12 Absolute $ Opportunity Assessment by Application 
   9.13 Market Attractiveness Analysis by Application

Chapter 10 Europe Carnauba Wax Analysis and Forecast
   10.1 Introduction
   10.2 Europe Carnauba 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 Carnauba Wax Market Size Forecast by Product
      10.6.1 Type 3
      10.6.2 Type 4
      10.6.3 Type 1
   10.7 Basis Point Share (BPS) Analysis by Product 
   10.8 Absolute $ Opportunity Assessment by Product 
   10.9 Market Attractiveness Analysis by Product
   10.10 Europe Carnauba Wax Market Size Forecast by Application
      10.10.1 Automotive
      10.10.2 Food
      10.10.3 Pharmaceutical
      10.10.4 Cosmetics
   10.11 Basis Point Share (BPS) Analysis by Application 
   10.12 Absolute $ Opportunity Assessment by Application 
   10.13 Market Attractiveness Analysis by Application

Chapter 11 Asia Pacific Carnauba Wax Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Carnauba 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 Carnauba Wax Market Size Forecast by Product
      11.6.1 Type 3
      11.6.2 Type 4
      11.6.3 Type 1
   11.7 Basis Point Share (BPS) Analysis by Product 
   11.8 Absolute $ Opportunity Assessment by Product 
   11.9 Market Attractiveness Analysis by Product
   11.10 Asia Pacific Carnauba Wax Market Size Forecast by Application
      11.10.1 Automotive
      11.10.2 Food
      11.10.3 Pharmaceutical
      11.10.4 Cosmetics
   11.11 Basis Point Share (BPS) Analysis by Application 
   11.12 Absolute $ Opportunity Assessment by Application 
   11.13 Market Attractiveness Analysis by Application

Chapter 12 Latin America Carnauba Wax Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Carnauba 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 Carnauba Wax Market Size Forecast by Product
      12.6.1 Type 3
      12.6.2 Type 4
      12.6.3 Type 1
   12.7 Basis Point Share (BPS) Analysis by Product 
   12.8 Absolute $ Opportunity Assessment by Product 
   12.9 Market Attractiveness Analysis by Product
   12.10 Latin America Carnauba Wax Market Size Forecast by Application
      12.10.1 Automotive
      12.10.2 Food
      12.10.3 Pharmaceutical
      12.10.4 Cosmetics
   12.11 Basis Point Share (BPS) Analysis by Application 
   12.12 Absolute $ Opportunity Assessment by Application 
   12.13 Market Attractiveness Analysis by Application

Chapter 13 Middle East & Africa (MEA) Carnauba Wax Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Carnauba 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) Carnauba Wax Market Size Forecast by Product
      13.6.1 Type 3
      13.6.2 Type 4
      13.6.3 Type 1
   13.7 Basis Point Share (BPS) Analysis by Product 
   13.8 Absolute $ Opportunity Assessment by Product 
   13.9 Market Attractiveness Analysis by Product
   13.10 Middle East & Africa (MEA) Carnauba Wax Market Size Forecast by Application
      13.10.1 Automotive
      13.10.2 Food
      13.10.3 Pharmaceutical
      13.10.4 Cosmetics
   13.11 Basis Point Share (BPS) Analysis by Application 
   13.12 Absolute $ Opportunity Assessment by Application 
   13.13 Market Attractiveness Analysis by Application

Chapter 14 Competition Landscape 
   14.1 Carnauba Wax Market: Competitive Dashboard
   14.2 Global Carnauba Wax Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Pontes industria de Cera ltda
      14.3.2 Carnauba do Brasil
      14.3.3 Brasil Ceras
      14.3.4 Tropical Ceras do Brasil Ltda
      14.3.5 Foncepi comercial exportadora ltda
Segments Covered in the Report
The global Carnauba Wax market has been segmented based on

By Product
  • Type 3
  • Type 4
  • Type 1
By Application
  • Automotive
  • Food
  • Pharmaceutical
  • Cosmetics
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Pontes industria de Cera ltda
  • Carnauba do Brasil
  • Brasil Ceras
  • Tropical Ceras do Brasil Ltda
  • Foncepi comercial exportadora ltda

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