Rising demand for cosmetics in emerging markets to drive growth in global bio-wax market

Rising demand for cosmetics in emerging markets to drive growth in global bio-wax market

Rising demand for cosmetics and personal care products in emerging markets is expected to drive growth in the global bio-wax market between 2015 and 2025, according to a new report published by Future Market Insights.

North America is the largest consumer of these water soluble organic polymers in terms of consumption and production, followed by Europe, where a shift in preference from petroleum-based wax to bio-wax in cosmetics is fuelling growth. The Asia Pacific market is yet to fulfil its potential, but the demand in the region is expected to pick up in the forecast period.

Key players include Biosil, Duraflame, Bio Jouvance, Fisch, Remmers and Chant Oil Co.

 

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