Carnauba Wax Market Analysis By Product (Type 1, Type 3, Type 4) By Application (Cosmetics, Food, Automotive, Pharmaceutical) And Segment Forecasts To 2024

Published: Oct, 2016 | Pages: 89 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

The global carnauba wax market size is expected to reach USD 334.9 million by 2024, according to a new report by Grand View Research, Inc. The market is expected to witness high growth owing to increasing use of the product as a food glazing agent which provides a superior shine, thus improving its aesthetic ability. Carnauba wax market is highly influenced by the favorable regulations enforced by the regulatory agencies such as European Union (EU) and Food and Drug Administration (FDA). The industry is highly dependent on the raw materials which form a major part of the operational cost for the manufacturers. The raw material is supplied majorly by the farmers and landholders, employing primitive techniques for wax extraction. However, in some cases, the manufacturers may be backward integrated to the extraction of raw materials.

The manufacturing of the product is limited to Brazil due to the exclusivity of the Brazilian palm tree to the region. The production is dominated by four wax manufacturers namely Brasil Ceras, Carnauba do Brasil, Foncepi, and Pontes. The companies in the market resort to external third party distribution channels to sell their product in the international market while the domestic distribution is carried out through the company established distribution channels. The industry is characterized by the presence of a number of suppliers and distributors spread across the major carnauba wax consuming regions such as North America, Europe, and Asia Pacific.

The investment feasibility for the market declares the low-profit margins for the raw materials suppliers and the manufacturers, and a relatively higher margins for the suppliers and the wholesalers. The price of the product is lower in North America and Europe, but higher in Asia Pacific. The product is manufactured solely in Brazil, leading to a comparatively lower cost in Central and South America as compared to North America and Europe. The prices significantly vary across region owing to transportation cost. As a result, the prices in North America are significantly lower as compared to the cost in Asia Pacific.

Further key findings from the report suggest:

Cosmetics accounted for over 24% of the consumption volume in 2015 due to high demand for the wax as a glazing agent in lip colors, lip gloss, conditioners, and hair gels. Growing demand for the product in manufacturing cosmetics owing to its organic nature is expected to drive the industry growth.

Pharmaceutical use of the product is expected to account for over 7% of the industry revenue due to increasing use of the product as a coating agent in pharmaceutical drugs. Also, growing demand for time-release drug delivery systems such as capsules coupled with favorable regulations pertaining to the use of the product for medical applications.

Asia Pacific is expected to grow at a CAGR of over 4% from 2016 to 2024 due to rapid industrialization in the developing economies such as China and India. Increasing disposable income coupled with the changing consumer preference in the region is expected to drive the demand. The growth of the confectionery industry in the aforementioned economies is expected to benefit the market growth.

Key participants in the industry are involved in setting up of the extensive distribution network to cater to the global demand. The distributors are involved in the procurement of the product from the manufacturers, followed by product customization related to the physical form, in accordance with the requirements of the end-users.

 Table of Contents

Chapter 1 Methodology And Scope
                    1.1 Research Methodology
                    1.2 Research Scope & Assumptions
                    1.3 List of Data Sources

Chapter 2 Executive Summary

Chapter 3 Market Variables, Trends & Scope
                    3.1 Market segmentation& scope
                    3.2 Carnauba Wax Value Chain Analysis
                       3.2.1 Profit margin analysis
                    3.3 Raw Material Trend
                       3.3.1 Crude carnauba wax
                    3.4 Market Dynamics
                       3.4.1 Market Driver Analysis
                             3.4.1.1 Growth of the confectionery industry
                             3.4.1.2 Increasing demand from Asia Pacific
                       3.4.2 Market Restraint Analysis
                             3.4.2.1 Threat of substitution
                                      3.4.2.1.1 Orange Shellac
                                      3.4.2.1.2 Beeswax
                                      3.4.2.1.3 Wood Rosin
                                      3.4.2.1.4 Candelilla Wax
                    3.5 Technology Outlook
                       3.5.1 Leaf beating
                       3.5.2 Solar Drying
                       3.5.3 Yard method
                    3.6 Penetration & growth prospect mapping
                    3.7 Regulatory Framework
                    3.8 Carnauba wax market - PESTEL Analysis
                    3.9 Industry Analysis - Porter's
                    3.10 Carnauba wax market - Price trend analysis

Chapter 4 Feasibility Analysis
                    4.1 Process flow diagram
                       4.1.1 Carnauba leaves cultivation
                             4.1.1.1 Leaf beating
                             4.1.1.2 Solar drying
                             4.1.1.3 Yard method
                       4.1.2 Powder extraction
                             4.1.2.1 Hitting
                             4.1.2.2 Mechanized process using derricadeira
                       4.1.3 Fusion reactors
                       4.1.4 Filters
                       4.1.5 Bleaching
                       4.1.6 Flaking
                    4.2 Industry Supply Chain Analysis
                       4.2.1 Domestic supply chain
                       4.2.2 International supply chain
                    4.3 Investment feasibility analysis
                    4.4 Marginal cost analysis
                       4.4.1 Raw material cost
                       4.4.2 Utilities Cost
                       4.4.3 Labor Cost
                       4.4.4 Administrative Cost
                       4.4.5 Other costs
                       4.4.6 Land Cost
                       4.4.7 Machinery Cost

Chapter 5 Market Categorization 1: Product Estimates & Trend Analysis
                    5.1 Carnauba wax market: Product movement analysis
                    5.2 Type 1
                       5.2.1 Type 1 carnauba wax market, 2013 - 2024 (Tons) (USD Million)
                    5.3 Type 3
                       5.3.1 Type 3 carnauba wax market, 2013 - 2024 (Tons) (USD Million)
                    5.4 Type 4
                       5.4.1 Type 4 carnauba wax market, 2013 - 2024 (Tons) (USD Million)

Chapter 6 Market Categorization 2: Application Estimates & Trend Analysis
                    6.1 Carnauba wax market: Application movement analysis
                       6.1.1 Cosmetics
                             6.1.1.1 Carnauba wax market demand in cosmetics, 2013 - 2024 (Tons) (USD Million)
                       6.1.2 Food
                             6.1.2.1 Carnauba wax market demand in food, 2013 - 2024 (Tons) (USD Million)
                       6.1.3 Automotive
                             6.1.3.1 Carnauba wax market demand in automotive, 2013 - 2024 (Tons) (USD Million)
                       6.1.4 Pharmaceutical
                             6.1.4.1 Carnauba wax market demand in pharmaceutical, 2013 - 2024 (Tons) (USD Million)
                       6.1.5 Others
                             6.1.5.1 Carnauba wax market demand in other applications, 2013 - 2024 (Tons) (USD Million)

Chapter 7 Market Categorization 3: Regional Estimates & Trend Analysis, by Product & Application
                    7.1 Regional Movement Analysis & Market Share, 2015 & 2024
                       7.1.1 North America Movement Analysis & Market Share, 2015 & 2024
                             7.1.1.1 North America market estimates and forecast, by product (Tons) (USD million)
                             7.1.1.2 North America market estimates and forecast, by application (Tons) (USD million)
                             7.1.1.3 U.S. carnauba wax market share, 2015 & 2024
                                      7.1.1.3.1 U.S. market estimates and forecast, by product (Tons) (USD million)
                                      7.1.1.3.2 U.S. market estimates and forecast, by application (Tons) (USD million)
                             7.1.1.4 Canada carnauba wax market share, 2015 & 2024
                                      7.1.1.4.1 Canada market estimates and forecast, by product (Tons) (USD million)
                                      7.1.1.4.2 Canada market estimates and forecast, by application (Tons) (USD million)
                       7.1.2 Europe Movement Analysis & Market Share, 2015 & 2024
                             7.1.2.1 Europe market estimates and forecast, by product (Tons) (USD million)
                             7.1.2.2 Europe market estimates and forecast, by application (Tons) (USD million)
                             7.1.2.3 Germany carnauba wax market share, 2015 & 2024
                                      7.1.2.3.1 Germany market estimates and forecast, by product (Tons) (USD million)
                                      7.1.2.3.2 Germany market estimates and forecast, by application (Tons) (USD million)
                             7.1.2.4 UK carnauba wax market share, 2015 & 2024
                                      7.1.2.4.1 UK market estimates and forecast, by product (Tons) (USD million)
                                      7.1.2.4.2 UK market estimates and forecast, by application (Tons) (USD million)
                       7.1.3 Asia Pacific Movement Analysis & Market Share, 2015 & 2024
                             7.1.3.1 Asia Pacific market estimates and forecast, by product (Tons) (USD million)
                             7.1.3.2 Asia Pacific market estimates and forecast, by application (Tons) (USD million)
                             7.1.3.3 China carnauba wax market share, 2015 & 2024
                                      7.1.3.3.1 China market estimates and forecast, by product (Tons) (USD million)
                                      7.1.3.3.2 China market estimates and forecast, by application (Tons) (USD million)
                             7.1.3.4 India carnauba wax market share, 2015 & 2024
                                      7.1.3.4.1 India market estimates and forecast, by product (Tons) (USD million)
                                      7.1.3.4.2 India market estimates and forecast, by application (Tons) (USD million)
                             7.1.3.5 Japan carnauba wax market share, 2015 & 2024
                                      7.1.3.5.1 Japan market estimates and forecast, by product (Tons) (USD million)
                                      7.1.3.5.2 Japan market estimates and forecast, by application (Tons) (USD million)
                       7.1.4 Central & South America (CSA) Movement Analysis & Market Share, 2015 & 2024
                             7.1.4.1 CSA market estimates and forecast, by product (Tons) (USD million)
                             7.1.4.2 CSA market estimates and forecast, by application (Tons) (USD million)
                             7.1.4.3 Brazil carnauba wax market share, 2015 & 2024
                                      7.1.4.3.1 Brazil market estimates and forecast, by product (Tons) (USD million)
                                      7.1.4.3.2 Brazil market estimates and forecast, by application (Tons) (USD million)
                       7.1.5 Middle East & Africa (MEA) Movement Analysis & Market Share, 2015 & 2024
                             7.1.5.1 MEA market estimates and forecast, by product (Tons) (USD million)
                             7.1.5.2 MEA market estimates and forecast, by application (Tons) (USD million)

Chapter 8 Competitive Landscape
                    8.1 Competitive Landscape
                    8.2 Vendor Landscape
                    8.3 Competitive Environment
                    8.4 Competitive Market Positioning
                    8.5 Market participation categorization
                    8.6 Company Profiles
                       8.6.1 FONCEPI- Comercial Exportadora Ltda.
                             8.6.1.1 Company Overview
                             8.6.1.2 Product Benchmarking
                       8.6.2 Carnauba do Brasil Ltda
                             8.6.2.1 Company Overview
                             8.6.2.2 Product Benchmarking
                       8.6.3 Brasil Ceras
                             8.6.3.1 Company Overview
                             8.6.3.2 Product Benchmarking
                       8.6.4 Tropical Ceras Do Brasil Ltda.
                             8.6.4.1 Company Overview
                             8.6.4.2 Product Benchmarking
                       8.6.5 Natural Wax
                             8.6.5.1 Company Overview
                             8.6.5.2 Product Benchmarking
                       8.6.6 Pontes Industria de Cera ltda.
                             8.6.6.1 Company Overview
                             8.6.6.2 Product Benchmarking
                       8.6.7 Strahl & Pitsch, Inc.
                             8.6.7.1 Company Overview
                             8.6.7.2 Product Benchmarking
                       8.6.8 Kahl GmbH & Co. KG
                             8.6.8.1 Company Overview
                             8.6.8.2 Product Benchmarking
                       8.6.9 Norevo GmbH.
                             8.6.9.1 Company Overview
                             8.6.9.2 Product Benchmarking
                       8.6.10 Koster Keunen Holland
                             8.6.10.1 Company Overview
                             8.6.10.2 Product Benchmarking
                       8.6.11 The International Group, Inc.
                             8.6.11.1 Company Overview
                             8.6.11.2 Product Benchmarking
                       8.6.12 Frank B. Ross, Inc.
                             8.6.12.1 Company Overview
                             8.6.12.2 Product Benchmarking
                       8.6.13 Poth Hille
                             8.6.13.1 Company Overview
                             8.6.13.2 Product Benchmarking
                       8.6.14 Ter Hell & Co. GmbH
                             8.6.14.1 Company Overview
                             8.6.14.2 Product Benchmarking
                       8.6.15 J. Allcock & Sons Ltd.
                             8.6.15.1 Company Overview
                             8.6.15.2 Product Benchmarking

List of Tables

TABLE 1 Type 1 carnauba wax price trend, 2013 - 2024 (USD /Kg)
TABLE 2 Type 3 carnauba wax price trend, 2013 - 2024 (USD /Kg)
TABLE 3 Type 4 carnauba wax price trend, 2013 - 2024 (USD /Kg)
TABLE 4 North America carnauba wax market volume, by product, 2013 - 2024 (Tons)
TABLE 5 North America carnauba wax market revenue, by product, 2013 - 2024 (USD Million)
TABLE 6 North America carnauba wax market volume, by application, 2013 - 2024 (Tons)
TABLE 7 North America carnauba wax market revenue, by application, 2013 - 2024 (USD Million)
TABLE 8 U.S. carnauba wax market volume, by product, 2013 - 2024 (Tons)
TABLE 9 U.S. carnauba wax market, by product, 2013 - 2024 (USD Million)
TABLE 10 U.S. carnauba wax market, by application, 2013 - 2024 (Tons)
TABLE 11 U.S. carnauba wax market, by application, 2013 - 2024 (USD Million)
TABLE 12 Canada carnauba wax market volume, by product, 2013 - 2024 (Tons)
TABLE 13 Canada carnauba wax market, by product, 2013 - 2024 (USD Million)
TABLE 14 Canada carnauba wax market, by application, 2013 - 2024 (Tons)
TABLE 15 Canada carnauba wax market, by application, 2013 - 2024 (USD Million)
TABLE 16 Europe carnauba wax market volume, by product, 2013 - 2024 (Tons)
TABLE 17 Europe carnauba wax market revenue, by product, 2013 - 2024 (USD Million)
TABLE 18 Europe carnauba wax market volume, by application, 2013 - 2024 (Tons)
TABLE 19 Europe carnauba wax market revenue, by application, 2013 - 2024 (USD Million)
TABLE 20 Germany carnauba wax market volume, by product, 2013 - 2024 (Tons)
TABLE 21 Germany carnauba wax market, by product, 2013 - 2024 (USD Million)
TABLE 22 Germany carnauba wax market, by application, 2013 - 2024 (Tons)
TABLE 23 Germany carnauba wax market, by application, 2013 - 2024 (USD Million)
TABLE 24 UK carnauba wax market volume, by product, 2013 - 2024 (Tons)
TABLE 25 UK carnauba wax market, by product, 2013 - 2024 (USD Million)
TABLE 26 UK carnauba wax market, by application, 2013 - 2024 (Tons)
TABLE 27 UK carnauba wax market, by application, 2013 - 2024 (USD Million)
TABLE 28 Asia Pacific carnauba wax market volume, by product, 2013 - 2024 (Tons)
TABLE 29 Asia Pacific carnauba wax market revenue, by product, 2013 - 2024 (USD Million)
TABLE 30 Asia Pacific carnauba wax market volume, by application, 2013 - 2024 (Ton)
TABLE 31 Asia Pacific carnauba wax market revenue, by application, 2013 - 2024 (USD Million)
TABLE 32 China carnauba wax market volume, by product, 2013 - 2024 (Tons)
TABLE 33 China carnauba wax market, by product, 2013 - 2024 (USD Million)
TABLE 34 China carnauba wax market, by application, 2013 - 2024 (Tons)
TABLE 35 China carnauba wax market, by application, 2013 - 2024 (USD Million)
TABLE 36 India carnauba wax market volume, by product, 2013 - 2024 (Tons)
TABLE 37 India carnauba wax market, by product, 2013 - 2024 (USD Million)
TABLE 38 India carnauba wax market, by application, 2013 - 2024 (Tons)
TABLE 39 India carnauba wax market, by application, 2013 - 2024 (USD Million)
TABLE 40 Japan carnauba wax market volume, by product, 2013 - 2024 (Tons)
TABLE 41 Japan carnauba wax market, by product, 2013 - 2024 (USD Million)
TABLE 42 Japan carnauba wax market, by application, 2013 - 2024 (Tons)
TABLE 43 Japan carnauba wax market, by application, 2013 - 2024 (USD Million)
TABLE 44 CSA carnauba wax market volume, by product, 2013 - 2024 (Tons)
TABLE 45 CSA carnauba wax market revenue, by product, 2013 - 2024 (USD Million)
TABLE 46 CSA carnauba wax market volume, by application, 2013 - 2024 (Tons)
TABLE 47 CSA carnauba wax market revenue, by application, 2013 - 2024 (USD Million)
TABLE 48 Brazil carnauba wax market volume, by product, 2013 - 2024 (Tons)
TABLE 49 Brazil carnauba wax market, by product, 2013 - 2024 (USD Million)
TABLE 50 Brazil carnauba wax market, by application, 2013 - 2024 (Tons)
TABLE 51 Brazil carnauba wax market, by application, 2013 - 2024 (USD Million)
TABLE 52 MEA carnauba wax market volume, by product, 2013 - 2024 (Tons)
TABLE 53 MEA carnauba wax market revenue, by product, 2013 - 2024 (USD Million)
TABLE 54 MEA carnauba wax market volume, by application, 2013 - 2024 (Tons)
TABLE 55 MEA carnauba wax market revenue, by application, 2013 - 2024 (USD Million)