Microcrystalline wax is a type of wax that has a unique set of properties and applications. It is an organic compound that is derived from petroleum, just like paraffin wax, but it differs in its molecular structure. Microcrystalline wax has smaller crystals as compared to paraffin wax, which gives it a denser texture and better binding properties. These features make it popular in various industries, including but not limited to cosmetics, healthcare, food, and packaging.