Dental Wax Market Size, Share, Growth, and Industry Analysis, By Type (Mineral Wax, Animal Wax, Plant Wax and Synthetic Wax), By Application (Processing Wax, Pattern Wax, Healing Wax and Impression Wax), Regional Insights, and Forecast To 2032

Updated On: 15 April 2024

Dental Wax Market REPORT OVERVIEW

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The global Dental Wax Market size was USD 8523.32 million in 2021 and is projected to touch USD 10561.62 million by 2027, exhibiting a CAGR of 3.64% during the forecast period.  The global COVID-19 pandemic has been unprecedented and staggering with the Dental Wax Market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Dental wax is a substance most often made from paraffin, beeswax, or carnauba wax. It's solid at room temperature but softens from the warmth of your hands. It sticks to sharp surfaces inside your mouth and creates a smooth surface. Dental wax is a mixture of different type of waxes with synthetic additives, used in dentistry for casting, sizing and mapping of structures and jaw relations, laboratory work and as lubricants to relieve friction associated with braces and other dental implants. Dental wax is an opaque hydrophobic material, mostly produced from petroleum and vegetable sources, which softens on being pressed or heated. Self-setting dental waxes are used for the purpose of mapping dental structures during the manufacturing of dental caps and custom sized implants. Softer dental waxes are used to relieve discomfort caused by orthodontic implants such as braces, wires,

COVID-19 Impact: Imposed Restrictions in the Economy Resulted in Decline in the Market

The COVID-19 problem has had an impact on the global economy, causing a strict lockdown and a halt to day-to-day activities in every industry. With the limits imposed by the government, the panic scenario has had a negative influence on the industries. This has resulted in a market drop as well; there was a direct and indirect impact from numerous sectors producing Dental Wax. With the revival of the market following COVID-19, we are seeing a recovery of the market where the blanks are restructured with product innovation and investments into R&D activities to develop advanced technologies to meet advanced requirements, which will project a proposed increase in the Dental Wax market share in the forecasted period.

LATEST TRENDS

"Growing Adoption Across Medical Technology Is Driving The Market Growth "

The Market CAGR for dental wax is expanding at an accelerated rate due to increase in wareness regarding dental health. Dental wax is widely utilized in the treatment of dental problems because it is a blend of several synthetic types used for casting, sizing, and mapping. The media's and the fashion world's impact on increased public awareness and demand for dental aesthetics is propelling the dental market's expansion. Several types of wax are employed in dental procedures. During the creation of dental caps, self-setting dental waxes are utilised to map dental features. In order to remove the discomfort brought on by braces, wires, etc., softer dental waxes are utilised. Due to their tissue-softening impact, dental wax causes wounds to take a long time to heal, which makes the normal tissue-hardening process challenging and maybe reduces desire for dental. In addition, the prevalence of dental issues is rising steadily, and rising public awareness of these conditions is anticipated to fuel the expansion of the worldwide dental wax market. Adult dental caries is a common condition over the world because it affects the majority of nations. Many older people in wealthy nations have had their teeth extracted at a young age owing to pain or discomfort, which lowers their quality of life. Poor periodontal health may contribute to tooth loss in adults. Significant periodontitis, which could lead to tooth loss. Thus, driving the Dental Wax market revenue.

Dental Wax Market SEGMENTATION

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• By Type

Based on Type is classified as Mineral Wax, Animal Wax, Plant Wax and Synthetic Wax, and Others.

• By application

Based on application market is classified as Processing Wax, Pattern Wax, Healing Wax and Impression Wax.

DRIVING FACTOR

"Rising Awareness of Oral Health and Aesthetic Dentistry to Drive Market Growth"

One of the major driving factor is the increasing awareness among individuals regarding the importance of oral health and the growing demand for aesthetic dentistry. This heightened awareness is often driven by education, access to information through the internet, and increased focus on overall well-being. People are becoming more conscious of maintaining healthy teeth and achieving an aesthetically pleasing smile. The effect of this rising awareness is a surge in demand for dental products and services, including those related to aesthetic dentistry. People seeking to improve their smiles or address oral health issues often require various dental procedures and treatments. Many of these treatments involve the use of dental wax for purposes such as modeling, molding, and creating temporary restorations. Consequently, the increasing awareness of oral health and the desire for aesthetic dentistry create a cause-and-effect relationship that significantly drives dental wax market growth in the dental wax industry, as it caters to the evolving needs of both patients and dental professionals seeking to achieve and maintain better oral health and aesthetics

"Aging Population and Dental Prosthetics Surge to Propel Market Growth "

The demographic phenomenon of an aging population. Over the years, there has been a significant increase in the proportion of elderly individuals in many countries due to improved healthcare and increased life expectancy. This demographic shift is characterized by a growing number of senior citizens. The effect of the aging population is a surge in the demand for dental prosthetics. As individuals age, they become more susceptible to age-related oral health issues, including tooth loss, gum diseases, and natural wear and tear. To address these issues and improve their quality of life, many elderly individuals require dental prosthetics such as dentures, bridges, and dental implants. These prosthetics often require the use of dental wax in their fabrication and fitting processes. Consequently, the aging population creates a cause-and-effect relationship wherein the growing need for dental prosthetics significantly drives market growth in the dental wax industry, as it caters to the dental restoration needs of the elderly demographic.

RESTRAINNG FACTOR

"Stringent Regulatory Compliance and Quality Standards to Disrupt Market Growth"

One major restraining factor in the market is the need to adhere to stringent regulatory compliance and quality standards. Dental wax products used in dental procedures must meet strict regulatory requirements, ensuring their safety, efficacy, and biocompatibility when used in the oral cavity. Complying with these regulations necessitates rigorous testing, quality control, and documentation, which can be time-consuming and costly for manufacturers. Failure to meet these standards can lead to product recalls, legal issues, and damage to a company's reputation. This factor can act as a barrier to entry for new market players and pose challenges for existing manufacturers in terms of product development and compliance, potentially restraining market growth.

Dental Wax Market REGIONAL INSIGHTS

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"Asia Pacific Expected to Hold Major Share of the Market owing to Technological Advancements"

Based on region, the market is classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa, where Asia Pacific is dominating the global market and is expected to dominate during the forecast owing to the availability of technically advanced products. Additionally, the growth of geriatric population is another factor driving the regional growth. The expansion of global market players in this region is opportunistic for the growth of the market.

KEY INDUSTRY PLAYERS

"Financial Players to Contribute Towards Expansion of Market"

The Dental Wax market is extremely competitive and consists of various global and regional players. Global market is majorly driven by the top manufacturers, which holds higher share of the market. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures. The report is an extensive research of a list of market players who contribute towards the expansion of the market. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and others. Other factors such as regional wise analysis and segment wise analysis are also considered to understand the market share, product growth, revenue growth and others during the forecasted period.

List of market players Profiled

• DWS Systems (Italy)
• Kerr Corporation (U.S.)
• Solstice T&I (Netherlands)
• Bracon Dental (U.K)
• Carmel Industries (Israel)
• C.J. Robinson Company, Inc (U.S.)
• Bilkim Ltd. Co (Turkey)
• Metrodent Ltd (U.K.)
• Pyrax Polymars (India)

REPORT COVERAGE

The SWOT analysis and information on future developments are covered in the study. The research report includes a study of a number of factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.