Global Paraffin Wax Market Overview:
Paraffin Wax is Derived From Petroleum, Coal or Oil Shale Derived Product Produced When Crude Oil is Refined Into Gasoline. It is a White or Colourless, Tasteless, Odourless Soft or Waxy Solid. It is Solid at Room Temperature, Insoluble in Water, Burns Readily & Begins to Melt at a Temperature above 99 Degree Fahrenheit. It is an Excellent Electrical Insulator & an Excellent Material for Storing Heat. Paraffin Wax Has A Number of Industrial Applications. It is Also Used in Pathological Laboratories Some of the key players profiled in the study are China National Petroleum Corporation (China), ExxonMobil (United States), Sasol (South Africa), The International Group, Inc. (Canada), Honeywell (United States), Petro-Canada (Canada), Kerax Limited (Canada), H&R Group (Germany), Numaligarh Refinery Limited (India) and Repsol (Spain).
On the basis of geography, the market of Paraffin Wax has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Paraffin Wax market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Appearance, the sub-segment i.e. Sheets will boost the Paraffin Wax market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growth in the Cosmetics Industry, Utilizing Paraffin Wax for Producing Creams, Lipsticks, Ointments, & Personal Care Products
- Rise in the Popularity of Aromatherapy Centres Using Candles Manufactured From Paraffin Wax
- & Rise In Consciousness About Home Aesthetics
- Rising Applications of Paraffin Wax in Paints & Coatings Industry, Especially in Growing Economies Like India, China, & Brazil
- Fluctuation in Prices of Crude Oil
- There is an Increased Opportunity for the Market Expansion, Owing to Rising Applications of Paraffin Wax in the Food Packaging Industry
- There are Prospects for the Growth of Paraffin Wax, Due to the Increase in Demand for Hot Melt Adhesives
- Market Presence of Alternative Waxes Like Beeswax May Pose a Challenge
- Strict Government Regulations Against Particulate Emissions by Burning of Paraffin Wax
The Market for the Paraffin Wax is Fragmented with the Presence of Many Players. Due to Booming Industrialization, there are Growing Prospects for the New Players to Enter the Market
Target Audience:Manufacturers of Paraffin Wax, Distributors, Traders, & Suppliers, Importers & Exporters, Investors, Regulatory & Government Bodies and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Paraffin Wax market on the basis of product [Fully Refined Wax, Semi-refined Wax and Others] , application [Candles, Packaging, Cosmetics, Rubber, Adhesives and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Paraffin Wax market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Paraffin Wax industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Indian Oil Corp Ltd (India), Eagle Petrochem (Australia), Eagle Petrochem (Switzerland), Paraffinwaxco Inc. (Turkey) and Pon Pure Chemical India Private Limited (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Paraffin Wax market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.