Montan Wax Market Size

Montan Wax Market size is projected to reach USD 335 Million by the end of 2036, growing at a CAGR of 7% during the forecast period, i.e., 2024-2036. In the year 2022, the industry size of montan wax was over USD 149 Million. The market is driven by the expanding need for montan wax in the personal care and cosmetics industry. Natural and non-toxic montan wax is primarily used to regulate the viscosity and consistency of various cosmetics and personal care compositions. Young audiences now have a greater desire for beauty and cosmetic products, which has enhanced the industry’s output of these goods. Montan wax is used for non-toxic structure makeup items like baby items, massage oils, lipsticks, and more. Additionally, the market demand for Montan wax is being driven by its durability and shine in cosmetic and personal care applications

Further, owing to its superior properties such as improvement in the flow properties and mold release, limited product loss, and improvement of product properties, the montan is substituting carnauba wax, and beeswax, among others. Additionally, the excellent physiochemical properties and cost-effectiveness of montan wax are propelling its demand across the globe.