Rice Bran Wax Market Size, Share 2027: Present Scenario and Growth Prospects

 The Rice Bran Wax is obtained from rice bran oil by mostly two processes, deoiling of crude wax oil and the other by hydrogenation of the crude wax oil. The rice bran wax has a high melting point and hard in nature. The principle constituents of rice bran wax include esters of higher fatty acids and higher alcohols and small amount of free fatty acid with some hydrocarbons.

Rice bran wax finds its use in variety of products, it contributes to hardness, texture, strength of products. In small concentration it has excellent oil gelling properties and used as binding agent, thickening agent etc. Rice bran wax due to its emollient property in used in cosmetic preparations. This array of use of rice bran wax is expected to drive the market growth during the forecast period.

Rice Bran Wax Market Segmentation:

Rice bran wax is segmented on the basis of application as cosmetic, pharmaceutical, industrial and food additive. It is used as food additive in preparation of candy, confectionery, chewing gum and also used to preserve fruits and vegetables by applying thin coating of rice bran wax. In cosmetics, rice bran wax is used as an exfoliating agent and has emollient properties. In pharmaceuticals it is used as an excipient as thickening agent, binding agent, coating, plasticizer and gelling agent. It is mostly used in topical pharmaceutical formulations such as ointments. Rice bran wax has variety of industrial applications including uses in paper coatings, candle manufacturing, electric insulation, waterproofing, carbon paper, printing inks, lubricants, adhesives etc.

Depending upon the suitability in use, different forms can be put into use by different end users. Rice bran wax is thus segmented on the basis of form as powder, beads and solid.Rice Bran Wax Market Regional Outlook:

Rice bran wax has been used to make candles in the Traditional Japanese culture, the candles are mostly handmade and used as a decorative. The raw material required for the manufacturing of this wax is rice bran which is abundantly grown in the Asia Pacific region, India being the second largest producer of rice after China, but the use of rice for oil and further wax extraction is far much more in China. Furthermore the industrial application of rice bran wax is further expected to see an upsurge in demand in certain rising economies such as Tanzania, Maldives, Myanmar, Cambodia, Bangladesh etc. backed up by high industrialization schemes in the respective countries.

Moreinfo@https://www.futuremarketinsights.com/reports/rice-bran-wax-market

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