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Paraffin Wax Market By Application (Candles, Packaging, Adhesives, Rubber, Board Sizing, Cosmetics) - Growth, Future Prospects And Competitive Analysis 2017 – 2025

This report, titled "Paraffin Wax Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025," offers strategic insights into the trends in the Paraffin Wax market along with the market size and forecast for the duration of 2017–2025. The said research study incorporates an in-depth analysis of multiple market segments based on application and geographical distribution.

The global paraffin wax market is becoming increasingly competitive, with a 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.

The rapid growth of this market has also resulted in the creation of further skilled job opportunities in major hubs spread across North America, Europe, Latin America, the Middle East and 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.

This report presents the market size (Mn Tons) (US$ Bn) and forecast for all segments considered for the period 2015-2025, as well as their respective CAGRs (%) for the forecast period 2017-2025.

In terms of geographical distribution, the global paraffin wax market is a study of five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Market size and forecasts for each regional and country-level market are included in the report for the considered periods. To further elucidate.

The geographical distribution of the global paraffin wax market is described as follows:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Along with the quantitative information sets, this report also provides qualitative information, such as market dynamics and an executive summary, for the global paraffin wax market. The report also includes tools to help readers with competitive mappings, such as competition assessment and appealing investment propositions. This study concludes with a company profile section. This section includes major information about the key companies engaged in the development and provision of paraffin wax.

Based on the application, the global paraffin wax market is segmented as follows:

  • Candles
  • Packaging
  • Adhesives
  • Rubber
  • Board Sizing
  • Cosmetics
  • Others

On the basis of application, the global paraffin wax market can be segmented into candles, packaging, adhesives, rubber, board sizes, cosmetics, and others. In 2016, candles were observed to be the largest application segment and are projected to maintain their dominance during the forecast period.

Growing demand for candles coupled with the low cost of installation of manufacturing facilities 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. The packaging segment is anticipated to be the fastest-growing segment in the global paraffin wax market.

The growth of the segment is augmented by increased demand for packaging products from various industries, including food and beverage, electronics, pharmaceutical, home & personal care goods, and others, which are projected to drive the growth of the segment over the forecast period (2017-2025).

For the purpose of this study, the global paraffin wax market is categorized into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

On the basis of geography, the global paraffin wax market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2016, Asia Pacific accounted for the largest share of the global paraffin wax market and is projected to maintain its dominance during the forecast period.

Rapid growth in disposable income is changing the lifestyle of the consumers, subsequently fueling the demand for cosmetics, packaging, rubber, and other paraffin wax products in the region, which in turn is driving the demand for 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.

Following it, Europe stood in second place and accounted for a significant share of the global paraffin wax market in 2016. A strong presence of the manufacturing industry in the region is expected to drive the demand for packaging products made of paraffin wax. This, in turn, is anticipated to drive the demand for paraffin wax in the region during the forecast period (2017–2025).

Frequently Asked Question:

The market for Paraffin Wax Market is expected to reach USD$ 5.4 Bn in 2025.

The Paraffin Wax Market is expected to see significant CAGR growth over the coming years, at 3.9%.

The report is forecasted from 2017 -2025.

The base year of this report is 2016.

BP P.L.C.,Chevron Corporation,Total S.A.,Petrochina Company Limited,Lukoil,Sinopec Limited. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  May 2017
Category:  Oil & Gas
Report ID:   58471
Report Format:   PDF
Pages:   120
Rating:    4.7 (70)
Delivery Time: 24 Hours to 48 Hours   
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