Our latest research report entitled Montan Wax Market (by type (crude montan wax, and bleached montan wax), function (coating agents, lubricants, emulsions, dispersants, and other functions), end-user (automotive, food & beverage, electrical, agriculture & forestry, and other end-users)) provides complete and deep insights into the market dynamics and growth of Montan Wax. The latest information on market risks, industry chain structure Montan Wax cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Montan Wax growth factors.
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Growing Use of the Montan Waxes for Several Industrial Applications Drives the Growth
Montan wax is a mineral wax, obtained from coal and shale. They are easily emulsifiable hard waxes. They can be processed in formulations for a wide variety of dispersions depending on the individual requirements. The special derivatives are used worldwide as multifunctional high-performance additives in a wide variety of industries. The most important applications are found in the plastics industry, the coating industry and in the cosmetics and pharmaceutical industries.
The growing use of the montan waxes for several industrial applications drives the growth of the market. It is widely used in the daily chemical industry, automotive industry, electrical industry, carbon paper industry, machinery industry and many other industries using wax. The montan wax is characterized by low electric conductivity and has a good insulating property, it can be coated on the surface of the electric wires and cables. Apart from that, it can also be used on the fixed porcelain insulator and the binding wires, as well as the external layer of the, mated compensating wires coatings to improve its electric insulating property, prevent it from being tacky and extending its service life.
However, the increasing global shortage of available raw materials is causing users to eliminate montan wax products from their applications, which is most likely to hamper the market growth. Moreover, research and development on efficient and environmentally friendly technologies for extracting Montan waxes are expected to create lucrative growth opportunities for the market players.
Europe Holds the Largest Share in the Global Montan Wax Market
Geographically, Europe holds the largest share in the global montan wax market. Germany is the largest producer of the montan wax in the world. In addition, the increasing use of montan wax for automotive applications contributes to the growth of the Europe Montan wax market. North America holds the second-largest share in the global montan wax market. California is the only U.S. montan wax producer. However, it only produces a small amount of montan wax in comparison to Germany.
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Report on the Global Montan Wax Market Covers Segments such as Type, Function, and End-User
On the basis of type, the sub-markets include crude montan wax and bleached Montan wax. On the basis of function, the sub-markets include coating agents, lubricants, emulsions, dispersants, and other functions. On the basis of end-user, the sub-markets include automotive, food & beverage, electrical, agriculture & forestry, and other end-users.
The report provides profiles of the companies in the market such as Völpker Spezialprodukte GmbH, Clariant AG, ROMONTA GmbH, MÜNZING Corporation, and Paramelt B.V.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/chemical-material/global-montan-wax-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Montan Wax.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.