Global Waxy Crude Oil Market Growth 2023-2029

Global Waxy Crude Oil Market Growth 2023-2029

Waxy crude oils are normally found in petroleum reservoirs. The crude oil that possesses a high amount of wax, known as waxy crude oil. Waxy crude oil can be defined as the crude oil that contains high amount of long-chain paraffin wax (alkanes) components, making the crude to possess a high pour point and, may be, a low API gravity.
LPI (LP Information)' newest research report, the “Waxy Crude Oil Industry Forecast” looks at past sales and reviews total world Waxy Crude Oil sales in 2022, providing a comprehensive analysis by region and market sector of projected Waxy Crude Oil sales for 2023 through 2029. With Waxy Crude Oil sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Waxy Crude Oil industry.
This Insight Report provides a comprehensive analysis of the global Waxy Crude Oil 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 Waxy Crude Oil portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Waxy Crude Oil market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Waxy Crude Oil 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 Waxy Crude Oil.
The global Waxy Crude Oil market size is projected to grow from US$ 774.1 million in 2022 to US$ 1095.3 million in 2029; it is expected to grow at a CAGR of 1095.3 from 2023 to 2029.
The leading manufactures mainly are Saudi Aramco, CNPC, Rosneft, Chevron, Shell, Kuwait Petroleum, ExxonMobil, National Iranian, BP, Petrobras and etc. Saudi Aramco is the largest manufacturer, its revenue of global market exceeds 28.53% in 2019.
The separation of petroleum yields many useful products. These products are useful for transportation, fuel oil for heating and electricity generation, and asphalt. Products include gasoline, jet fuel (or kerosene), propane, petroleum coke, bitumen, plastics and waxes. In this report, the main application (downstream) include Petroleum Fuel, Lubricants and Greases, Wax, Bitumen and Petroleum Coke, Solvents and Petrochemicals. In 2019, more than 69% by volume of the Waxy Crude Oil was used to produce Petroleum Fuel, followed by Solvents and Petrochemicals, which accouted about 14.9% of Waxy Crude Oil application.
This report presents a comprehensive overview, market shares, and growth opportunities of Waxy Crude Oil market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Medium Waxy Crude Oil
Light Waxy Crude Oil
Segmentation by application
Petroleum Fuel
Lubricants and Greases
Wax, Bitumen and Petroleum Coke
Solvents and Petrochemicals
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 analyzing the company's coverage, product portfolio, its market penetration.
Saudi Aramco
National Iranian
Rosneft
CNPC
Kuwait Petroleum
ExxonMobil
BP
Petrobras
Pemex
Lukoil
ADNOC
Shell
Chevron
Qatar Petroleum

Key Questions Addressed in this Report
What is the 10-year outlook for the global Waxy Crude Oil market?
What factors are driving Waxy Crude Oil market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Waxy Crude Oil market opportunities vary by end market size?
How does Waxy Crude Oil break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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