Global Rice Bran Wax Market is
expected to grow at a significant CAGR in the upcoming years as the scope and
its applications are rising enormously across the globe. Rice Bran Wax is a
by-product of Rice Bran Oil and a naturally hard, crystalline vegetable wax
gained from rice husks. The wax has no odor and bleaches readily. It varies
from tan to light brown in color. The aliphatic acid and higher alcohol ester
are the main components of Rice Bran Wax. This wax is inclusively used as a
coating for vegetables, fruits, confectionery and chewing gum than paraffin’s
or petrochemical waxes and cosmetics.
The factors that are playing a
major role in the growth of Rice Bran Wax Market are the facts that it has a
high antioxidant, thickening, and emollience properties, and works well as a
binding, gelling, or coating agent. Moreover, it is used as a substitute for
carnauba and candelilla wax. Rice Bran Wax Market is segmented based on form,
product type, application, and region. Forms such as Solid, Powder, and Beads
classify Rice Bran Wax Market. Product types such as Crude Rice Bran Wax and
Refined Rice Bran Wax classify Rice Bran Wax Market.
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Applications into Cosmetics
(Mascara, Lip Balms, Sun Care, Creams, Lotions), Medicines, Chemicals, Food
Additive, Industrial (Candle Manufacturing, Paper Coatings, Electric
Insulation, Carbon Paper, Adhesives) and others classify Rice Bran Wax Market.
Rice Bran Wax Market is segmented geographically into Americas (North America,
South America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin
America, Middle East and Africa. Globally, Asia Pacific accounts for the
largest share of Rice Bran Wax Market and is expected to rule the roost in the
years to come. India and China are the major consumers of Rice Bran Wax. India is the second largest producer of rice
after China.
On the other hand, growing
economies like Bangladesh, Tanzania, Cambodia, Maldives, Myanmar, and others
are estimated to grow at the fastest pace in the upcoming years; the reason
being, high industrialization in respective countries. The key players of Rice Bran
Wax Market are QingheYouzhi, Strahl & Pitsch, Shengtao Biotech, Koster
Keunen, Likang Weiye, Frank B. Ross, Huzhou Shuanglin Shengtao Vegetable Fat
Factory, Starlight Products, Modi Naturals, and PothHille. These players are
concentrating on inorganic growth to sustain themselves amongst fierce
competition. As such, mergers, acquisitions, and joint ventures are the need of
the hour.
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