
Carnauba wax, also known as Brazil wax, is a type of wax derived from leaves of a species of palm, Copernicia prunifera. Owing to its glossy finish, carnauba wax finds application across various end-use industries which is directly translating into growth of its market. The carnauba wax are popularly used in automobile wax, food products, floor and furniture waxes, and in instrument polishes. In the recent years, cosmetic industry has been gaining high traction worldwide, especially in emerging economies due to high spending capabilities. This is expected to propel growth of carnauba wax market as the wax has excellent emollient and hypoallergenic properties, making it an ideal ingredient for cosmetic products.