Ozokerite Wax Market
Ozokerite is a normally happening fossil wax found close to delicate shale or sedimentary rocks. The greater part of the Ozokerite utilized in business applications are mined in Eastern Europe. The Crude Ozokerite is dark in shading in the wake of mining; its tone shifts from yellow to white through refining. It solidifies on maturing and the hardness differs as indicated by its unique source and refinement. The significant uses of Ozokerite falls in beautifiers and individual consideration items; these waxes are utilized in numerous items including facial cosmetics, child items, mascara, and lipsticks, just as healthy skin, nail care, sunscreen, aroma, and non-shading hair arrangements.
Waxes that are fossil based have the biggest portion of the worldwide modern wax market. Fossil based waxes incorporate petrol and mineral wax, which are generally utilized for covering business items. Waxes such as ceresin, Ozokerite, microcrystalline wax, petroleum, and paraffin, are overwhelmingly utilized in the beautifiers business, as they are viewed as widely protected and are obtained from the different cycles of raw petroleum refining. Oil waxes have reflexive attributes, which makes them most reasonable elements for shines, particularly for the "glue" type which is generally utilized on floors, furniture, vehicles, and footwear.
Ozokerite is a naturally occurring fossil wax found near soft shale or sedimentary rocks. Most of the Ozokerite used in commercial applications is mined in Eastern Europe. The Crude Ozokerite is black in color after mining; its color varies from yellow to white through refining. It hardens on aging and the hardness varies according to its original source and refinement. Ceresin is a white to yellow waxy mixture of hydrocarbons obtained by purification of Ozokerite at 70 oC.
Fossil based waxes has the largest share of the global industrial wax market. Fossil based waxes include mineral wax and petroleum wax, which are widely used for coating commercial products. Waxes such as Ozokerite, paraffin, microcrystalline wax, ceresin, and petrolatum, are vigorously used in the cosmetics industry, as they are considered extensively safe and are derived from the various processes of crude oil refining. Petroleum waxes have high gloss characteristics, which makes them most suitable ingredients for polishes, especially for the “paste” type which is commonly used on floors, furniture, cars, and footwear.
The major applications of Ozokerite falls in cosmetics and personal care products; these waxes are used in many types of products including baby product, lipsticks, mascara, and facial makeup, as well as skin care, nail care, sunscreen, fragrance, and non-coloring hair preparations.
The major driver for Ozokerite Wax market is a strong trend of R&D investments in Ozokerite Wax industries. Other growth drivers include the need to reduce the costs, strength of private brands and increased competition from players in Ozokerite Wax market.
The Global Ozokerite wax market has been segmented based on its production temperature type into <70 oC, 70-80 oC, 80-90 oC and >90 oC and by product type the market has segmented to natural and synthetic Ozokerite wax; By its major applications, Ozokerite wax market segmented into Cosmetics, Leather, Adhesives, Printing inks, Automobile and Others. This market has also been segmented by the following regions such as Asia Pacific, Europe, North America, Latin America and Middle East & Africa.
In 2015, the Asia-Pacific region accounted for the largest share of the global industrial wax market and is expected to grow at the highest rate from 2016 to 2026. China is currently the largest market in the Asia-Pacific region for fossil based wax and is expected to remain the largest market during the forecast period. India is the fastest-growing market for Ozokerite wax.
The key players in global Ozokerite wax market includes Frank B. Ross, IGI, Poth Hille, Nanyang Energy Chemical, M/S Bhakti Petrochem, Koster-wax, Koster Keune, Poth Hille, and others.
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The following regional segments are covered comprehensively:
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