The Wax Emulsion Market is projected to grow at CAGR 2% rate 2021-2026. The global wax emulsion market is expected to grow in the coming years due to a lack of substitutes and high demand from end-user industries such as paints and coatings, adhesives and sealants, and cosmetics.
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Asia Pacific is expected to have the fastest growth rate. In 2018, emerging countries like China, Japan, and India accounted for the majority of the Asia Pacific wax emulsion market. Paints and coatings, as well as adhesives and sealants, are likely to drive the wax emulsion market forward. Wax emulsions are in high demand due to their easy availability and low labour costs.
Key market players in the global Wax Emulsion industries are BASF SE, Nippon Seiro Co., Altana AG, Sasol Ltd., Exxon Mobil Corporation, Michelman, Inc., Repsol S.A., Lubrizol Corporation, Hexion Inc., Wacker Chemie AG, DANQUINSA GmbH, and H&R GROUP are some of the major players in the Wax Emulsion Market.
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