Food grade microcrystalline wax is obtained from heavy fractions of petroleum or solvent deasphalted oil of vacuum residue through solvent refining, deoiling, and then white clay or hydrorefining. It is suitable for protective coating of food, defoaming agent, surface treatment agent and chewing gum, bubble gum base production, etc.
This report contains market size and forecasts of Food Grade Microcrystalline Wax in global, including the following market information:
Global Food Grade Microcrystalline Wax Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Food Grade Microcrystalline Wax Market Sales, 2017-2022, 2023-2028, (Tons)
Global top five Food Grade Microcrystalline Wax companies in 2021 (%)
The global Food Grade Microcrystalline Wax market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Laminating Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Food Grade Microcrystalline Wax include Sinopec Nanyang Energy Chemical, Strahl & Pitsch, The International Group (IGI), Kerax, Blended Waxes (BWI), Taiwan Wax, Jingmen Weijia Industry and Fumei Biotechnology, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Food Grade Microcrystalline Wax manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Food Grade Microcrystalline Wax Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Tons)
Global Food Grade Microcrystalline Wax Market Segment Percentages, by Type, 2021 (%)
Laminating
Coating
Harding
Global Food Grade Microcrystalline Wax Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Tons)
Global Food Grade Microcrystalline Wax Market Segment Percentages, by Application, 2021 (%)
Coating
Defoamer
Chewing Gum
Others
Global Food Grade Microcrystalline Wax Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Tons)
Global Food Grade Microcrystalline Wax Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Food Grade Microcrystalline Wax revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Food Grade Microcrystalline Wax revenues share in global market, 2021 (%)
Key companies Food Grade Microcrystalline Wax sales in global market, 2017-2022 (Estimated), (Tons)
Key companies Food Grade Microcrystalline Wax sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Sinopec Nanyang Energy Chemical
Strahl & Pitsch
The International Group (IGI)
Kerax
Blended Waxes (BWI)
Taiwan Wax
Jingmen Weijia Industry
Fumei Biotechnology