Global Liquid Paraffin Market Growth 2025-2031

Global Liquid Paraffin Market Growth 2025-2031

The global Liquid Paraffin market size is predicted to grow from US$ 2902 million in 2025 to US$ 3467 million in 2031; it is expected to grow at a CAGR of 3.0% from 2025 to 2031.

Liquid Paraffin (sometimes also called Base Oil, White Mineral Oil, Liquid Paraffin Wax, Normal Paraffin, White Oil etc.) is a transparent, colourless, odourless, or almost odourless, oily liquid composed of saturated hydrocarbons came from petroleum, coal or natural gas etc. It is a complex composition of hydrocarbons and consists mainly of mixtures of straight-chain alkanes.

Liquid paraffin can be classified as light and heavy product. In alkanes, those with lower carbon atoms such as C9-C13 are light waxes, and those with higher carbon atoms such as C14-C20 are heavy waxes.

The global key Liquid Paraffin manufacturers include Sasol, Shell, CNPC, Sinopec, Exxon Mobil, Farabi Petrochem, Savita, ENEOS Corporation, CEPSA etc. Top 5 players hold above 40% of the global market share. Besides the liquid paraffin, these players also produce solid paraffin wax and other by-product of crude oil and natural gas.

Geographically, APAC is the fastest-growing region, especially China, which plays a more important role in the world. China only holds above 1/4 of the global market, while the APAC holds about 45% of the global share.

LP Information, Inc. (LPI) ' newest research report, the “Liquid Paraffin Industry Forecast” looks at past sales and reviews total world Liquid Paraffin sales in 2024, providing a comprehensive analysis by region and market sector of projected Liquid Paraffin sales for 2025 through 2031. With Liquid Paraffin sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Liquid Paraffin industry.

This Insight Report provides a comprehensive analysis of the global Liquid Paraffin landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Liquid Paraffin portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Liquid Paraffin market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Liquid Paraffin and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Liquid Paraffin.

This report presents a comprehensive overview, market shares, and growth opportunities of Liquid Paraffin market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Light Liquid Paraffin
Heavy Liquid Paraffin

Segmentation by Application:
LAB
Chlorinated Paraffin
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Sasol
Shell
Exxon Mobil
Farabi Petrochem
Savita
ENEOS Corporation
CEPSA
Seojin Chemical
Sonneborn
MORESCO
KDOC
H&R Group
Gandhar Oil
FPCC
Unicorn Petroleum
Eni Oil Products
CNPC
Sinopec
ChemChina
Yitai Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Liquid Paraffin market?

What factors are driving Liquid Paraffin market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Liquid Paraffin market opportunities vary by end market size?

How does Liquid Paraffin break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.