20 Feb 2019 - 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.
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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.
Rice Bran Wax Breakdown Data by Type
- Food Grade
- Pharmaceutical Grade
Rice Bran Wax Breakdown Data by Application
- Supplement
- Pharmaceutical
- Others
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 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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This report focuses on the top manufacturers' Rice Bran Wax capacity, production, value, price and market share of Rice Bran Wax in global market. The following manufacturers are covered in this report:
- Oryza Oil & Fat Chemical
- Huzhou Shengtao Biotech
- Kahlwax
- Croda
- Kobo Products
- Koster Keunen
- Poth Hille
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