Mineral Waxes Market Forecasts Up to 2020, Research Reports : Transparency Market Research

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Mineral Waxes Market - Global Industry
Analysis, Size, Share, Growth, Trends
and Forecast 2014 - 2020

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Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Mineral Waxes
Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” This report likewise
incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide
business sector industry structure.
Waxes are solid material that melt and convert into liquid state at a slightly higher temperature. Sources of wax can be
segregated into three segments: oil, mineral and plants & animals. Crude oil is the most dominant source of waxes moreover
owing to higher demand for crude oil in other application segments, mineral waxes have been gaining acceptance and demand
for mineral waxes has been surging across the globe. Lignite is the most dominant mineral used for the production of mineral
waxes and this trend is anticipated continue for a foreseeable future. Ozokerite, peat and ceresin waxes are among other major
mineral waxes sources.

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Environmental hazards associated with processing of crude oil coupled with volatile pricing of crude oil have led to decline in
demand for crude oil based waxes. Moreover, high demand for crude oil for other more lucrative application segments has been
the foremost factor driving...