Global Paraffin Wax Market 2024-2028
The paraffin wax market is forecasted to grow by USD 1.57 bn during 2023-2028, accelerating at a CAGR of 5.82% during the forecast period. The report on the paraffin wax market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising application in packaging solutions, diversified product portfolio of key vendors, and growing industrial applications of paraffin wax.
Technavio's paraffin wax market is segmented as below:By ApplicationCandles
Packaging
Hotmelts
Cosmetics and personal care
Board sizing and others
By TypeFully refined
Semi refined
Others
By GeographyAPAC
North America
Europe
South America
Middle East and Africa
This study identifies the expansions in cosmetic and personal care applications as one of the prime reasons driving the paraffin wax market growth during the next few years. Also, sustainable and eco-friendly formulations of paraffin wax and rising trend of decorative candles will lead to sizable demand in the market.
The report on the paraffin wax market covers the following areas:Paraffin wax market sizing
Paraffin wax market forecast
Paraffin wax market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading paraffin wax market vendors that include Calumet Specialty Products Partners L.P., China Petrochemical Corp., Compania Espanola de Petroleos SA, ENEOS Holdings Inc., Eni SpA, Ergon Inc., Exxon Mobil Corp., FUSHUN HENGYI Petro and Chemical Co Ltd, Gandhar Oil Refinery India Ltd., HollyFrontier Corp., Honeywell International Inc., Indian Oil Corp. Ltd., NIPPON SEIRO CO. LTD., Numaligarh Refinery Ltd., PetroChina Co. Ltd., Petroleo Brasileiro SA, Repsol SA, Sasol Ltd., SpecialChem S.A., and The International Group Inc.. Also, the paraffin wax market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.