North America Wax Emulsion Market Size, Share, Growth Analysis, By Type(Polyethylene, Polypropylene, Paraffin, Carnauba), By Application(Paints & Coatings, Adhesives &Sealants, Cosmetics, Textiles), By Region - Industry Forecast 2024-2031

North America Wax Emulsion Market size was valued at USD 3.1 billion in 2019 and is poised to grow from USD 3.23 billion in 2023 to USD 4.68 billion by 2031, growing at a CAGR of 4.2% in the forecast period (2024-2031).

A wax emulsion is a mixture of waxes, emulsifying agents, water, and other things like stabilizers, oils, fungicides, and insecticides in different proportions. Emulsions can be made with waxes that are derived from nature or labs. Depending on what kind of emulsifier is used to make them, wax emulsions can either be non-ionic or ionic. Wax emulsions are used in many different industries, such as paints and coatings, adhesives and sealants, cosmetics, and textiles. Rising demand from the paints, adhesives, and sealants industry is driving the demand for wax emulsions. These products are easy to use, friendly to the environment, have small particles, and provide anti-blocking, slip & mobility, abrasion resistance, water repellency, touch & feel, matting agent, and black heel marks. This has led to a huge demand in the paints and coatings industry, which is expected to drive the North American wax emulsion market during the analysis period.

North America Wax Emulsion Market is poised to grow at a sustainable CAGR for the next forecast year.