Dental Wax Market by Key Vendors, Growth Factors, Development Status, and Forecast 2017-2023

Global Dental Wax Market – Overview

The global dental wax market is expected to reach US$ 1.2 billion by 2023, and the market is projected to grow at a CAGR of ~ 5.2 % during the forecast period 2017-2023. The global dental wax market is growing mainly due to the rising prevalence of dental problems. According to a recent study report published by the Market Research Future, the global dental wax market is booming and expected to gain prominence over the forecast period.

They are also helpful in case of irritation occurred due to rubbing of the tooth arch wire or brace against the cheek. The synthetic materials, used in dental applications, such as silicon based waxes, have however encroached on the natural sources. A different type of additives are added to amend their physical properties to make them more suitable for their intended use. The important characteristic of dental waxes are their melting point, and flow properties.  The better melting range, and flow improve the product quality which causes the market to rise due to increased demand.

Notably, rising awareness of dental problems, and rising aging population, is the key factor driving the dental wax market.

Older adults are facing some dental issues after a certain age such as dental carries, oral cancer, tooth loss, periodontics, Xerosthomia (dry mouth), and many others. Hence, increase in the aging population can strongly impact the growth of the market. As per the statistics presented by the United Nations Population Fund (UNPF), the world will witness a rise in the percentage of ageing population globally, people aged 60 or more constitute to around 12.3% of the world population currently which is likely to go up to around 22% by the year 2050.

Global Dental Wax Market – Competitive Analysis

The global dental wax market is currently dominated by few players.

Kerr Corporation is one of them by holding a strong share in the market. The company produces and supplies a wide range of dental products. The product portfolio of company includes blue inlay casting wax, boxing wax, dipping wax, disclosing wax, miscellaneous waxes, occlusal indicator wax, orthodontic tray wax, sticky wax, ultra-waxer 2, and various others. On November 28, 2016, Kerr Corporation announced the launch of Harmonize, a next generation universal composite infused with ART.

Carmel Industries Inc. is another market player. The company operates in two major product lines i.e., markers and waxes. The product portfolio of company includes modelling wax, chrome cobalt wax, sculpturing wax, and others.

Global Dental Wax Market – Regional Analysis

Globally America is the largest market for dental wax due to the rising burden of dental problems, and increasing healthcare expenditure. According to the CDC report, the total health expenditure in the United States, in 2015, was reported to be USD 3.2 trillion and the hospital care accounted for a share of 32.3%.

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