Technology Profile
| Title: | Technology for Aromatic/Non-Aromatic Floral Wax |
| Value Proposition: | The global wax market size was valued at USD 10.1 Billion in 2023 and is poised to grow from USD 10.53 Billion in 2024 to USD 14.77 Billion by 2032, growing at a CAGR of 4.3% during the forecast period (2025-2032) by the Skyquest report. The India wax market size reached USD 360 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 535 Million by 2033, exhibiting a growth rate (CAGR) of 4.4% during 2025-2033. |
| Summary Application: | Green cost-effective process for producing high-value Aromatic/Non-Aromatic floral wax from Flowers/Waste Flowers. The Aromatic Wax developed has a fragrant aroma and natural color. The non-aromatic wax developed has a creamy/off-white color. The developed technology can be utilized in Cosmetic, Pharmaceutical, Aromatherapy, and Coating Industries for various applications. There is a growing preference for natural and organic ingredients in personal care and cosmetic products, leading to increased adoption of floral waxes. |
| Advantages: | The floral wax has been extracted from flowers like Jasmine, Tuberose, and Rose known for their unique fragrance and skin benefits, are increasingly being used in perfumes, skincare, and aromatherapy products.
Free from toxic chemicals |
| Tech. Readiness Level: |
