Sugarcane wax is a wax attached to the surface of sugarcane. It is a byproduct of the sugar industry and is extracted from the residue of sugarcane juice. The following is a detailed introduction to sugarcane wax:

1. Basic properties

• Appearance: solid from brownish green to dark brown, also available in hard green, brown, and beige.
• Texture: hard and brittle.
• Melting point: 70~84℃.
• Specific gravity: 0.96~0.99 (15℃).

2. Main ingredients
The main components of sugarcane wax are esters of hexadecene fatty acids and thirty-carbon fatty alcohols or stigmasterol.

3. Uses
Sugarcane wax has a wide range of uses, mainly including:

• Industrial use: used to make floor wax, shoe polish, carbon paper, etc. In many product formulas using carnauba wax and montan wax, sugarcane wax can generally be replaced in appropriate amounts. Refined sugarcane wax can also be used for fruit preservation coatings, electrical insulation wax, etc.
• Food use: To keep vegetables and fruits fresh or give them a fresh appearance, people make emulsions of sugarcane wax mixed with other natural waxes.
• Pharmaceutical use: In the pharmaceutical industry, sugarcane wax is also used.
• Cosmetic use: With the continuous upgrading of manufacturers' R&D activities, people's increasing awareness of the health benefits of sugarcane wax extracts, and the deepening of research in the medical field, the application of sugarcane wax in the cosmetic field has gradually increased, accounting for the largest market share.

4. Market Overview

• Market size: The global sugarcane wax market size will be US$44.3 million in 2023.
• Market distribution: By region, the European sugarcane wax market will account for the largest share of 35% in 2023, mainly due to the mature pharmaceutical industry in the region, the increase in the elderly population, and the increase in the number of patients with cardiovascular diseases. By application, the cosmetics field has the largest market share.
• Market growth: The sugarcane wax industry in the Asia-Pacific region is expected to grow at a compound annual growth rate of 5.18% in the next few years, driven by increasing disposable income, changing lifestyles, increasing use of dietary supplements, and the growing popularity of organic and natural cosmetics and personal care products.

In summary, sugarcane wax is an industrial raw material with multiple uses and broad market prospects.