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By 2025, the global paraffin wax market revenue is estimated to reach USD 9.82 billion.
Growing consumption of paraffin wax as a raw material in agriculture, food, rubber, electrical appliances, matches, fabric, and paper is expected to increase its market expansion over the projected period.A research report on the “Global Paraffin Wax Market Size 2017 By Application (Packaging, Candles, Hotmelts, Cosmetics, Rubber, Board Sizing, and Others), By Region and Forecast 2018 to 2025” has recently been published by Adroit Market Research.Request a sample of this report @ https://www.adroitmarketresearch.com/contacts/request-sample/317The study covers the global paraffin wax market trends and estimations in value (USD Million) and volume (Kilo Tons) for a period ranging from 2015 to 2025.
The global paraffin wax market report also includes qualitative insights into the market such as drivers, restraints, and value chain.
It also contains the global paraffin wax market share for its various applications.
Increased consumer preferences for packaged foods and rising concerns over health awareness is expected to provide a lucrative opportunity for paraffin wax manufacturers over the coming years.By 2018, global demand for light commercial vehicles and passenger cars is expected to be more than 1.5 billion units.
Moreover, the adoption of environmentally friendly alternatives such as polyethylene wax, soy, and beeswax is expected to be the key challenge for global paraffin wax industry.Browse the complete report @ https://www.adroitmarketresearch.com/industry-reports/paraffin-wax-marketAsia Pacific accounted for more than 30% of the global paraffin wax market share in 2017.
Supportive government regulations for use of nanocomposites in packaging and food and beverage industry, increase in demand for nanocomposites in end use industries and growing demand enhanced mechanical and physical properties are expected to drive the growth of the nanocomposites market.
The Global Nanocomposites market was valued at USD 3.9 billion in 2018 and is expected to reach USD 10.2 billion in 2026, growing at a CAGR of 10.5% during the forecast period.
The Nanocomposites are widely used in various end-user industries owing to better optical and magnetic properties, high tensile strength, high thermal and electronic conductivity, and high resistance to corrosion.The Nanocomposites Market report has been segregated based on distinct categories, such as product type, application, end-user, and region.
(Japan)Nanocomposites Industry 2021 Market Research Report provides exclusive vital statistics, data, information, trends, and competitive landscape details in this niche sector.
Upstream raw materials and equipment and downstream demand analysis are also carried out.Nanocomposites Market Segmentation by Product Type:Carbon NanotubesMetal OxideNano ClayNanofiberGrapheneOthersNanocomposites Market Segmentation by Application:AutomotivePackagingElectronics & SemiconductorAerospace & DefenseEnergyOthersThe report diversifies the global geographical expanse of the Nanocomposites market into five prominent regions such as Europe, APAC, MEA, North and South America.Nanocomposites have a huge application in the food industry, due to an increase in demand for packaged foods, extend the shelf life of packaged food materials, and an increase in the shelf life of the packaged foods.
Rising demand for nanocomposites in end-use industries like construction, automotive, packaging, electronics, and food in emerging countries is the key factors attributed to the market growth.