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The global industrial wax market is anticipated to exhibit CAGR of 4.2% during the forecast period. Industrial wax is used for metal casting, lubrication, electrical insulation, coating, polishing, and as a mould-release agent. Waxes can be used in high precision manufacturing of metallic parts, construction and woodwork, printing, and much more. The growing electronics industry in the emerging economies such as India and China is a key contributor to the demand for the industrial wax.
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