Montan wax is a hard, mineral wax obtained from lignite and peat. Montan wax was first produced in northern Bohemia (Czech Republic). The brown coals of Oklahoma and Texas also contain as much as 13% montan wax. Though the crude product is dark brown, the wax, after purification with solvent extractions, is white. It contains esters of montanic acid (C27H55COOH).
Montan Wax production, which measures output worldwide, was expected to reach 38229 tons in 2016 with an increase of 3.38% from its year-earlier level. The global montan wax market size is estimated to grow from USD 265.9 million in 2011 to USD 324.27 million by 2016, at an estimated CAGR of 4.05% between 2011 and 2016. With regards to this, key players of montan wax industry are expected to find potential opportunities in this market.
The global montan wax market report profiles some of the key technological developments in the recent times. It also profiles some of the leading players in the market and analyzes their key strategies. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. The major players in the global montan wax market are Romonta, Clariant, Voelpker, etc.