Wool Wax Alcohol Market: Region-wise Outlook
The market for wool wax alcohol has reached the stage of maturity in Asia Pacific. It is likely to expand at a faster rate in the near future as well. In terms of demand, China accounted for the major share of the wool wax alcohol market in 2015. Demand for cosmetics has been increasing in South Korea, Southeast Asia, and India. Changes in lifestyle and increase in spending power are the primary factors driving the wool wax alcohol market in the region. In terms of demand and consumption, Asia Pacific was followed by Europe and North America. Demand for wool wax alcohol was high in the U. S. in North America in 2015 due to its increased usage in personal care and cosmetic products. The wool wax alcohol market in countries such as Germany, the U. K., and Italy in Europe has been expanding significantly since the last few years. This trend is expected to catch up in other countries in the region owing to the rise in usage of wool wax in cosmetics.
The wool wax alcohol market in Middle East & Africa and Latin America is anticipated to expand significantly in the near future as the personal care and pharmaceuticals sector in the region is witnessing consistent growth in recent years.
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Wool Wax Alcohol Market: Key Players Companies operating in the wool wax alcohol market include Suru Chemicals, NK Ingredients Pte Ltd., and Gustav Heess GmbH.
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