Ever since the second half of the 20th century, wax industry has been going through a plethora of highs and lows, pertaining to the uncertain availability of the raw materials and a rapidly changing regulatory scenario. As of now however, though the availability of diverse raw materials has increased substantially, end-users and regulatory bodies have been adopting a transformed approach towards sustainable and cost-effective alternatives, setting a benchmark for the giants in wax market. Indeed, one of the principal factors responsible for the growth of this vertical is the widespread application of the product across several end-use sectors such as packaging, rubber, cosmetics, and adhesives.
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