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.
Read Report Overview @
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.
Request to view Sample Report:
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.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street,
Albany NY – 12207