What is Wax?
Wax is a type of lipid that is solid at room temperature but melts when heated. It is derived from plants, animals, or synthetic materials and has a variety of uses in everyday life.
Types of Wax
- Beeswax
- Paraffin Wax
- Soy Wax
Uses of Wax
Wax is used in various industries such as cosmetics, pharmaceuticals, and food. It is also commonly used for candle making, coating of fruits and vegetables, and in the production of wax figures.
Benefits of Wax
- Provides a protective coating
- Improves moisture retention
- Enhances texture and appearance
Case Studies
One example of wax being used is in the cosmetics industry, where it is added to lipsticks to provide a smooth consistency and long-lasting wear. Another case study is in the food industry, where wax coatings are used to preserve fruits and vegetables and extend their shelf life.
Statistics
According to a report by Grand View Research, the global wax market size was valued at USD 7.55 billion in 2019 and is projected to reach USD 8.86 billion by 2027, growing at a CAGR of 2.0% from 2020 to 2027.
