Global Paraffin Wax Emulsion Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Paraffin Wax Emulsion Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Paraffin Wax Emulsion market finds that the global Paraffin Wax Emulsion market reached a value of USD 2093.24 million in 2022. It’s expected that the market will achieve USD 7004.76 million by 2028, exhibiting a CAGR of 22.3% during the forecast period.

Some factories resumed operation, however, enterprises need to protect the life and health of employees while operating production, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after production, and testing the body temperature of employees every day to ensure their health. These measures will increase production costs and affect the development of enterprises. In addition, small and medium companies face severe challenges in their capital chain. This epidemic will accelerate the reorganization and integration of the paraffin wax emulsion industry. After the epidemic, the market is bound to rebound. For those strong and competitive companies, the industry competitive environment will be greatly improved by then, and the market space released by the fallen companies will provide development opportunities for the surviving companies.

The epidemic has also affected the downstream of paraffin wax emulsion industry. Retail sales of leather goods were disrupted owing to the limitations in spending power, shut stores/outlets of premium apparel, and widespread lockdown globally. The pandemic also disrupted the production and supply chain of the companies, for instance, in 2020, all 42 Hermes production factories in France were shut down except for its perfume factory, which was used for sanitizer manufacturing during the period. During the outbreak of COVID-19, construction, manufacturing, hotel, and tourism industries were majorly affected. Construction and transportation activities, along with their supply chains hampered on a global level. This led to decline in manufacturing of cement, which directly hampered growth of the concrete market.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (36.87% in 2021).

Company Overview:

PMC Crystal is one of the major players operating in the Paraffin Wax Emulsion market, holding a share of 25.11% in 2022.

PMC Crystal

PMC Crystal is an innovation-driven developer, manufacturer and marketer of formulated specialty chemicals additives for a wide range of markets including metalworking, paints, coatings, adhesives, personal care and cosmetics, building products, cable, candles, and the manufacture of tire and rubber articles.

Sasol Ltd

Sasol is an international integrated energy and chemical company that builds and operates facilities to produce liquid fuels, chemicals, and low-carbon electricity. Its operating business units comprise its mining and exploration and production of oil and gas activities, focused on feedstock supply. The company also manages the marketing and sales of oil, gas and electricity products, as well as base and performance chemicals, including fertilizers, polymers, solvents, surfactants, carbon solutions, and other related products.

Segmentation Overview:

Among different product types, Natural segment is anticipated to contribute the largest market share in 2027.

Paraffin wax that are found in wax emulsions can be of natural or synthetic origin. Natural paraffin wax comes from petroleum, coal and oil shale. It is separated from the oil through crystallization. Synthetic waxes that are used include (oxidized) LDPE and HDPE, maleic anhydride grafted polypropylene and Fischer-Tropsch waxes.

Application Overview:

By application, the Leather Industry segment occupied the biggest share from 2017 to 2022.

Leather Industry

Paraffin wax emulsion can be compounded with fatliquoring agent; Paraffin wax emulsion can be used as an additive in leather finishing; it can be used as a leather brightener, matting agent and feel agent, etc.

Construction Industry

Paraffin wax emulsion is widely used in the manufacturing of construction chemicals for the protection of concrete against corrosion and rust by improving water resistance as water can weaken the concrete.

Agriculture

Horticultural practice has proved that plants mainly rely on the roots to absorb water, while the evaporation of water is lost from the surface of leaves. Plants themselves do not consume much water. Paraffin wax emulsion is mainly used for seedling planting, garden nursery planting, drought resistance and preservation.

Paper Industry

In the process of paper selection, most of the paper is added with inner glue, which can make the inherent absorption of paper fiber mesh with ideal water resistance. Paraffin wax emulsion can replace 20% - 40% of the traditional resin.

Key Companies in the global Paraffin Wax Emulsion market covered in Chapter 3:

Nippon Seiro Co., Ltd
Repsol
Sasol Ltd
BASF SE
Danquinsa GmbH
Exxon Mobile Corp
Momentive Performance Materials Inc
Altana AG
Lubrizol Corporation
Michelman Inc

In Chapter 4 and Chapter 14.2, on the basis of types, the Paraffin Wax Emulsion market from 2018 to 2029 is primarily split into:

Natural
Synthetic

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Paraffin Wax Emulsion market from 2018 to 2029 covers:

Leather Industry
Construction Industry
Agriculture
Paper Industry
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)