Carnauba Wax Market: Snapshot The global carnauba wax market, traditionally dominated by Brazil, has emerged as a major economic avenue in recent years thanks to the steady growth of the automotive and food and beverage sectors. The cosmetics sector’s growth in developing countries has also been vital for the global carnauba wax market and is likely to remain a key driver due to the growing demand for a variety of anti-pollution and anti-aging products. The automotive industry has emerged as a leading consumer in the global carnauba wax market due to the growing secondhand car industry. Carnauba wax is a precious commodity in automotive maintenance due to the superior performance it provides in terms of polish. Thus, resold cars generally require a generous application of carnauba wax, while new cars are also often treated with carnauba wax to maximize their appeal to customers. The growing automotive industry in developing countries is thus likely to be vital for the...