Slack Wax Market Price
Slack Wax Market Price
The global slack wax market is estimated to witness a healthy growth, at an estimated CAGR of over 3%, over the forecast period. The major factor driving the growth of the market studied is increasing usage of wax emulsions in various end-user industries.Replacement of paraffin wax in candles manufacturing is likely to create opportunities for the market in the coming years.By application segment, emulsion is expected to dominate the market during the forecast period.Asia-Pacific region is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.The market for slack wax was valued at USD 3.8 Bn in 2021 · It is estimated to grow at a CAGR of 1.7% from 2022 to 2031 to reach US$ 4.5 Bn by the end of 2031.Market Forecast Value in 2031: USD 4.5 Bn
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