Global Paraffin Wax Market 2017-2021

This industry research report identifies ExxonMobil, China Petrochemical Corporation’, PetroChina International, SASOL, and Shell International as the key vendors in the global paraffin wax market. This industry research report also presents a comprehensive analysis of the market by application (candles, packaging, board sizing, rubber, hotmelts, cosmetics, and others) and by geography (the Americas, APAC, Europe, and ROW).

Overview of the global paraffin wax market

Technavio's market study identifies the rising demand from the skincare and therapy segment as one of the primary growth factors for the paraffin wax market. Paraffin treatment refers to the process of using warm oil-based wax to relive pain in hands, feet, joints, and muscles as it soothes chronic joint pain and provides relaxation to stiff muscles and improves blood circulation. It is beneficial for individuals with arthritis, bursitis, and other chronic pain and helps in softening dry, chapped, and rough skin. Additionally, paraffin is also mixed in creams and lotions for a smooth texture and anti-aging. Our market research analysts estimate that this market will generate a revenue of more than USD 6 billion by 2021.

The use of paraffin wax in tarpaulin will be one of the key trends contributing to the growth of the paraffin wax market during the next few years. Paraffin wax is increasingly being used to manufacture waterproof tarpaulin that are waterproof, durable, and cost-effective. Wax-coated tarpaulins provide UV protection, adverse weather resistance, fire resistance, and abrasion resistance and are available in different colors. Vendors are also mixing paraffin wax with other materials to manufacture tarpaulins with a better finish. Tarpaulins are primarily used for covering agricultural crops and vehicles, in camps and industrial application, and for raincoats.

What's your takeaway?

Technavio's industry research report titled, - Global Paraffin Wax Market, will help you-

• Identify latent opportunities and explorative solutions in the paraffin wax market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, all permutations and combinations inclusive

Next step: Download FREE sample report | Talk to us

Competitive landscape and key vendors

The paraffin wax market is consolidated with key three players accounting for the major market share. The market is capital-intensive and several paraffin wax manufacturers are investing heavily in R&D and production activities to cater to the increasing demand. Owing to the presence of several prominent international, regional, and domestic vendors, this industrial wax market appears to be highly fragmented.

The leading vendors in the market are -

• ExxonMobil
• China Petrochemical Corporation?
• PetroChina International
• SASOL
• Shell International

 The other prominent vendors in the market are AromaChimie, Blended Waxes, Calumet Specialty Products Partners, CEPSA, CHEMACT(LIAONING) PETROCHEMICALS, Ergon, Fushun NingYuan Peterochemicals, H&R Group, Indian Oil Corporation, International Group, JSC MINERAL WAX PLANT, arcus Oil & Chemical, Nippon Seiro, PersiaParaffin, and Petrobras.

Segmentation by applications and analysis of the paraffin wax market

• Candles
• Packaging
• Board Sizing
• Rubber
• Hotmelts
• Cosmetics

Paraffin wax is primarily used to manufacture candles as it burns completely without any residue. The demand for candles is steadily increasing as they are extensively used for decoration, as therapy accessories, gift items, and for relaxation activities, and aromatherapy.

Geographical segmentation and analysis of the paraffin wax market

• Americas
• APAC
• EMEA

India and China are the primary contributors to the paraffin wax market as they are the largest supplier of paraffin wax. China, Taiwan, Indonesia, and Japan export large quantities of paraffin wax slabs due to their large production capacity. The candle manufacturing industry, the automobile sector, and the electrical and electronic industry will contribute to the growth of this industrial wax market in APAC.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global paraffin wax market?
• What are the key market trends impacting the growth of the global paraffin wax market?
• What are the challenges to market growth?
• Who are the key vendors in the global paraffin wax market?
• What are the market opportunities and threats faced by the vendors in the global paraffin wax market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global paraffin wax market?

Technavio also offers customization on reports based on specific client requirement.

Paraffin wax is a white or colorless soft solid extracted from petroleum or coal and is composed of a mixture of hydrocarbon molecules containing between twenty and forty carbon atoms. This upcoming research report on the global paraffin wax market offers insights into the key trends and emerging drivers augmenting the growth of the chemicals and materials. Our reports for the chemicals and materials industry also follow a scrupulous data collection methodology to offer an analysis of fast growing market segments like specialty chemicals.

By considering the market forecast and size, surging demand for various specialty chemicals products, the market research experts at Technavio offer an absolute overview of the global paraffin wax market for the period of 2017 to 2021. According to our team of analysts, the rising consumption of chlorinated paraffin as a flame retardant and plasticizer in flexible PVC may have a significant effect on the demand for paraffin wax across the globe.

This report on the global paraffin wax market also covers vendors like Sinopec, ExxonMobil, PetroChina Company Limited, Repsol, H&R Group, Sasol, Honeywell, IOCL, Petro-Canada, and CEPSA. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche market segments, this report on the global paraffin wax market also covers geographies such as Europe, the Americas, APAC, and ROW.

The upcoming research report for the global paraffin wax market also shortlists the key drivers, emerging trends, as well as the hurdles that the specialty chemicals sector currently faces. This upcoming report on the global paraffin wax market also presents insights into the rapidly changing competitive landscape to offer clients a complete picture of the forthcoming events within the chemicals and materials industry. Technavio also provides deep insights into the sectors such as metals and minerals and industrial gases.

Our market research methodology for the global paraffin wax market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.