The carnauba wax market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the carnauba wax market will project a CAGR of 4.05% for the forecast period of 2021-2028.

Carnauba wax is derived from the carnauba tree and is also known as Ceara wax or Brazil wax. Because of its hardness and high melting temperature, carnauba wax is a popular natural wax on the market.