Lignite Wax Market Growth Analysis 2025
The global Lignite Wax market was valued at USD 146.50 million in 2023 and is projected to decline to USD 88.05 million by 2032, reflecting a negative CAGR of -0.06% during the forecast period. Despite its wide applicability, the market is undergoing a gradual contraction due to evolving industry requirements, emerging alternatives, and shifts in raw material sourcing trends.
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