Production and Processing of Wax (Vegetable Waxes, Synthetic Mineral Waxes, Bayberry Wax, Candelilla Wax, Carnauba Wax, Cotton Wax, Esparto Wax, Esparto Wax, Japan Wax, Ouricury Wax, Palm Waxes, Rice-oil Wax, Sugar Cane Wax, Ucuhuba Wax, Paraffin Wax , Sy

Description:

Wax  is  used  as  high value product for energy reserve in the world. It not only providesvarious good products for general public, but increases petrochemical plantrevenue also. Renewable alternatives to wax are enjoying new opportunities as aresult of a raft of factors. Among these are a dwindling supply ofpetroleum-based waxes, skyrocketing paraffin wax prices, and a growing consumerpreference for greener products.

Growing  paraffin  wax  consumption for cardboard and paper coating mainly in food industry owingto the excellent protection and water barrier properties is expected tostimulate demand  over the forecast period. Rising demand for paper in foodpackaging owing to its biodegradability is likely to fuel demand.

Increasingapplication in manufacturing hot melt adhesives, industrial & surface protectioncoatings, rubber & plastic processing aids, pharmaceuticals, electricalinsulation, metal castings and fabric proofing & impregnation is expectedto fuel demand over the forecast period.

Growing use ofalternatives including soy wax, polyethylene wax and beeswax is expected torestrict market penetration. However, the introduction of deoiling technologyto produce paraffin wax from slack wax is further expected to open newopportunities over the upcoming years.

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