Montan wax is a brown-black solid, non-toxic, tasteless, wax that has a high melting point. Montan wax has good gloss and chemical stability and can be dissolved in many kinds of organic solvents. It is a natural wax obtained from lignites, which contain pure wax (50% to 80%), resin (20% to 40%), and bitumen (10% to 20%). It possesses excellent lubrication properties, and its molecular structure exhibits good thermal stability and low volatility. Montan wax is often an ideal substitute for the expensive carnauba wax due to its good physical and chemical properties. It is widely used in chemical industry, wax polish industry, carbon paper industry, electrical industry, machinery industry, and several other industries that use wax. Montan wax consists of three parts: long chain wax alcohols, long chain wax acids, and wax esters. It is utilized as a lubricant in the plastic industry, as a protective layer on fruits, as an absorbent in the paper industry, and as a coating agent in the electrical industry. Montan wax and carnauba wax share many similarities, in terms of properties. However, the former’s color is too dark and has limited applications. When color is not strictly required, montan wax can serve as a cheap substitute for carnauba wax. The carnauba wax contained in the shoe polish, floor wax, and car wax can be replaced by montan wax.

The global montan wax market is segmented based on function, end-use, and geography. Based on function, the market is segmented into emulsifier, coating agent, processing agent, and others. Based on end-use, the market is classified into food uses, which further include fruits, and industrial uses, which further include electrical and electronics, chemical, paper and pulp, and plastic.

The global montan wax market is primarily driven by the expansion of the food industry, which mostly includes protection of fruits. Montan wax has been registered as a food additive applied in fruit handling, as it can reduce the rate of water loss in fruits. Moreover, it also has applications in cosmetics, as it is a natural product and nontoxic. In food application, montan wax helps maintain the freshness of fruits. Rising demand from fruit vendors, drives the global montan wax market. Improvement in the mold release and flow properties, limited or no product loss are some advantages of montan wax, which in turn fuel demand and drive the market.

The global montan wax market is segmented into five regions, namely North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa (MEA). Europe dominates the montan wax market. Expansion of the market in Europe can be attributed to the stability and maturity of the market as well as the application of montan wax in dyes, cosmetics, mold releasing agents, and polishes in the region. North America is estimated to follow Europe in terms of share of the global montan wax market. The presence of a large number of industries are influencing the market in North America. The presence of end-use industries is anticipated to boost the demand for montan wax in Asia Pacific. Furthermore, Latin America and the Middle East & Africa are likely to hold a considerable share of the market in the near future.

Key players operating in the montan wax market include Calwax Corporation, Clariant Corporation, VÖLPKER SPEZIALPRODUKTE GmbH., Paramelt B.V., and ROMONTA GmbH.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Montan Wax Recycling Market

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