This report titled Paraffin Wax Market - Growth, Future Prospects, and Competitive Analysis, 2022 - 2030 offers strategic insights into the trends in Paraffin Wax market along with the market size and forecast for the duration 2022 to 2030. The said research study incorporates in-depth analysis of multiple market segments based application and geographical distribution.
The global paraffin wax market is becoming increasingly competitive with growing number of mergers and collaborations between market players to expand their production capabilities to meet the demand for paraffin wax. In addition, several players are also focused on developing their niche in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Europe, Latin America, Middle East & Africa, and Asia Pacific.
On the basis of application, the global paraffin wax market is categorized into candles, packaging, adhesives, rubber, board sizing, cosmetics, and others. In addition, paraffin wax manufacturing companies, distributors, and academic organizations form the major client types for the paraffin wax market.
Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global Paraffin Wax market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in development, and provision of paraffin wax.
On the basis of application, the global paraffin wax market can be segmented into candles, packaging, adhesives, rubber, boards sizing, cosmetics and others. In 2021, candles was observed to be the largest application segment and is projected to maintain its dominance during the forecast period. Growing demand for candles coupled low cost for installation of manufacturing facility is expected to fuel the production and supply of candles which in turn is anticipated to drive the demand for paraffin wax over the forecast period. Packaging segment is anticipated to be the fastest growing segment in the global paraffin wax market. The growth of the segment is augmented by increase demand for packaging products from various industries including food and beverage, electronics, pharmaceutical, home & personal care goods and others are projected to drive the growth of the segment over the forecast period (2022-2030).
On the basis of geography, global paraffin wax market can be segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In 2021, Asia Pacific accounted for the largest share in global paraffin wax market and is projected to maintain its dominance during the forecast period. Rapid growth in disposable income changing the lifestyle of the consumers, subsequently fueling the demand for the demand cosmetics, packaging, rubber and other paraffin wax products in the region which in turn is driving the demand for the paraffin wax in the region during the forecast period. Moreover, rapid industrial and infrastructural development in the region due to growing urbanization is expected to fuel the demand for products such as rubber, adhesives and others which in turn is projected to drive the demand for paraffin wax in the region during the forecast period. Followed by it, Europe stood at second position accounted for significant share in the global paraffin wax market in 2016. Strong presence of manufacturing industry in the region is expected to drive the demand for packaging products made up of paraffin wax. This in turn is anticipated to drive the demand for paraffin wax in the region during the forecast period (2022-2030).
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
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The global paraffin wax market is becoming increasingly competitive with growing number of mergers and collaborations between market players to expand their production capabilities to meet the demand for paraffin wax. In addition, several players are also focused on developing their niche in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Europe, Latin America, Middle East & Africa, and Asia Pacific.
On the basis of application, the global paraffin wax market is categorized into candles, packaging, adhesives, rubber, board sizing, cosmetics, and others. In addition, paraffin wax manufacturing companies, distributors, and academic organizations form the major client types for the paraffin wax market.
Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global Paraffin Wax market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in development, and provision of paraffin wax.
On the basis of application, the global paraffin wax market can be segmented into candles, packaging, adhesives, rubber, boards sizing, cosmetics and others. In 2021, candles was observed to be the largest application segment and is projected to maintain its dominance during the forecast period. Growing demand for candles coupled low cost for installation of manufacturing facility is expected to fuel the production and supply of candles which in turn is anticipated to drive the demand for paraffin wax over the forecast period. Packaging segment is anticipated to be the fastest growing segment in the global paraffin wax market. The growth of the segment is augmented by increase demand for packaging products from various industries including food and beverage, electronics, pharmaceutical, home & personal care goods and others are projected to drive the growth of the segment over the forecast period (2022-2030).
On the basis of geography, global paraffin wax market can be segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In 2021, Asia Pacific accounted for the largest share in global paraffin wax market and is projected to maintain its dominance during the forecast period. Rapid growth in disposable income changing the lifestyle of the consumers, subsequently fueling the demand for the demand cosmetics, packaging, rubber and other paraffin wax products in the region which in turn is driving the demand for the paraffin wax in the region during the forecast period. Moreover, rapid industrial and infrastructural development in the region due to growing urbanization is expected to fuel the demand for products such as rubber, adhesives and others which in turn is projected to drive the demand for paraffin wax in the region during the forecast period. Followed by it, Europe stood at second position accounted for significant share in the global paraffin wax market in 2016. Strong presence of manufacturing industry in the region is expected to drive the demand for packaging products made up of paraffin wax. This in turn is anticipated to drive the demand for paraffin wax in the region during the forecast period (2022-2030).
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Paraffin Wax market are as follows:- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Paraffin Wax market and their expected impact during the forecast period.
Market Segmentation
Application
- Candles
- Packaging
- Adhesives
- Rubber
- Board Sizing
- Cosmetics
- Others
Key Questions Answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Paraffin Wax market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Paraffin Wax market?
- Which is the largest regional market for Paraffin Wax market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Paraffin Wax market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Paraffin Wax market worldwide?
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Table of Contents
1. Preface1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Paraffin Wax Market
2.2. Global Paraffin Wax Market, By Application, 2021 (US$ Million)
2.3. Global Paraffin Wax Market, By Geography, 2021 (US$ Million)
2.4. Impact of Covid 19
2.5. Attractive Investment Proposition by Geography, 2021
2.6. Competitive Analysis
2.6.1. Market Positioning of Key Paraffin Wax Market Vendors
2.6.2. Strategies Adopted by Paraffin Wax Market Vendors
2.6.3. Key Industry Strategies
3. Paraffin Wax Market: Business Outlook & Market Dynamics
3.1. Introduction
3.2. Global Paraffin Wax Market Value, 2020 - 2030, (US$ Million)
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Restraints
3.3.3. Key Challenges
3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter’s Five Force Model
3.6.1. Supplier Power
3.6.2. Buyer Power
3.6.3. Threat Of Substitutes
3.6.4. Threat Of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
3.7.1. Political Landscape
3.7.2. Economic Landscape
3.7.3. Technology Landscape
3.7.4. Legal Landscape
3.7.5. Social Landscape
4. Paraffin Wax Market: By Application, 2020-2030, USD (Million)
4.1. Market Overview
4.2. Growth & Revenue Analysis: 2021 Versus 2030
4.3. Market Segmentation
4.3.1. Candles
4.3.2. Packaging
4.3.3. Adhesives
4.3.4. Rubber
4.3.5. Board Sizing
4.3.6. Cosmetics
4.3.7. Others5. North America Paraffin Wax Market, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Paraffin Wax Market: By Application, 2020-2030, USD (Million)
5.3.Paraffin Wax Market: By Region, 2020-2030, USD (Million)
5.3.1.North America
5.3.1.1. U.S.
5.3.1.2. Canada
5.3.1.3. Rest of North America
6. UK and European Union Paraffin Wax Market, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Paraffin Wax Market: By Application, 2020-2030, USD (Million)
6.3.Paraffin Wax Market: By Region, 2020-2030, USD (Million)
6.3.1.UK and European Union
6.3.1.1. UK
6.3.1.2. Germany
6.3.1.3. Spain
6.3.1.4. Italy
6.3.1.5. France
6.3.1.6. Rest of Europe
7. Asia Pacific Paraffin Wax Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Paraffin Wax Market: By Application, 2020-2030, USD (Million)
7.3.Paraffin Wax Market: By Region, 2020-2030, USD (Million)
7.3.1.Asia Pacific
7.3.1.1. China
7.3.1.2. Japan
7.3.1.3. India
7.3.1.4. Australia
7.3.1.5. South Korea
7.3.1.6. Rest of Asia Pacific
8. Latin America Paraffin Wax Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Paraffin Wax Market: By Application, 2020-2030, USD (Million)
8.3.Paraffin Wax Market: By Region, 2020-2030, USD (Million)
8.3.1.Latin America
8.3.1.1. Brazil
8.3.1.2. Mexico
8.3.1.3. Rest of Latin America
9. Middle East and Africa Paraffin Wax Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Paraffin Wax Market: By Application, 2020-2030, USD (Million)
9.3.Paraffin Wax Market: By Region, 2020-2030, USD (Million)
9.3.1.Middle East and Africa
9.3.1.1. GCC
9.3.1.2. Africa
9.3.1.3. Rest of Middle East and Africa
10. Company Profile
10.1. Royal Dutch Shell plc.
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Portfolio
10.1.4. Strategic Initiatives
10.2. Exxon Mobil Corporation
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Portfolio
10.2.4. Strategic Initiatives
10.3. BP P.L.C.
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Portfolio
10.3.4. Strategic Initiatives
10.4. Chevron Corporation
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Portfolio
10.4.4. Strategic Initiatives
10.5. Total S.A.
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Portfolio
10.5.4. Strategic Initiatives
10.6. Petrochina Company Limited
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Portfolio
10.6.4. Strategic Initiatives
10.7. Lukoil
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Portfolio
10.7.4. Strategic Initiatives
10.8. Sinopec Limited.
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Portfolio
10.8.4. Strategic Initiatives
10.9. Kuwait Petroleum Corp.
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Portfolio
10.9.4. Strategic Initiatives
10.10. Saudi Arabian Oil Company (Aramco)
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Portfolio
10.10.4. Strategic Initiatives
10.11. Other Notable Players
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Product Portfolio
10.11.4. Strategic Initiatives
List of Figures
Figure 1. Global Paraffin Wax Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Paraffin Wax Market: Quality Assurance
Figure 5 Global Paraffin Wax Market, By Application, 2021
Figure 6 Global Paraffin Wax Market, By Geography, 2021
Figure 7 Global Paraffin Wax Market, By Application, 2021 Vs 2030, %
Figure 8 U.S. Paraffin Wax Market (US Million), 2020 - 2030
Figure 9 Canada Paraffin Wax Market (US Million), 2020 - 2030
Figure 10 Rest of North America Paraffin Wax Market (US Million), 2020 - 2030
Figure 11 UK Paraffin Wax Market (US Million), 2020 - 2030
Figure 12 Germany Paraffin Wax Market (US Million), 2020 - 2030
Figure 13 Spain Paraffin Wax Market (US Million), 2020 - 2030
Figure 14 Italy Paraffin Wax Market (US Million), 2020 - 2030
Figure 15 France Paraffin Wax Market (US Million), 2020 - 2030
Figure 16 Rest of Europe Paraffin Wax Market (US Million), 2020 - 2030
Figure 17 China Paraffin Wax Market (US Million), 2020 - 2030
Figure 18 Japan Paraffin Wax Market (US Million), 2020 - 2030
Figure 19 India Paraffin Wax Market (US Million), 2020 - 2030
Figure 20 Australia Paraffin Wax Market (US Million), 2020 - 2030
Figure 21 South Korea Paraffin Wax Market (US Million), 2020 - 2030
Figure 22 Rest of Asia Paraffin Wax Market (US Million), 2020 - 2030
Figure 23 Brazil Paraffin Wax Market (US Million), 2020 - 2030
Figure 24 Mexico Paraffin Wax Market (US Million), 2020 - 2030
Figure 25 Rest of Latin America Paraffin Wax Market (US Million), 2020 - 2030
Figure 26 GCC Paraffin Wax Market (US Million), 2020 - 2030
Figure 27 Africa Paraffin Wax Market (US Million), 2020 - 2030
Figure 28 Rest of Middle East and Africa Paraffin Wax Market (US Million), 2020 - 2030
List of Tables
Table 1 Global Paraffin Wax Market By Application, 2020-2030, USD (Million)
Table 2 North America Paraffin Wax Market By Application, 2020-2030, USD (Million)
Table 3 UK and European Union Paraffin Wax Market By Application, 2020-2030, USD (Million)
Table 4 Asia Pacific Paraffin Wax Market By Application, 2020-2030, USD (Million)
Table 5 Latin America Paraffin Wax Market By Application, 2020-2030, USD (Million)
Table 6 Middle East and Africa Paraffin Wax Market By Application, 2020-2030, USD (Million)
Companies Mentioned
- Royal Dutch Shell plc.
- Exxon Mobil Corporation
- BP P.L.C.
- Chevron Corporation
- Total S.A.
- Petrochina Company Limited
- Lukoil
- Sinopec Limited.
- Kuwait Petroleum Corp.
- Saudi Arabian Oil Company (Aramco)
