Paraffin Wax Market : Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2025 - PowerPoint PPT Presentation

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Paraffin Wax Market : Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2025

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Title: Paraffin Wax Market : Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2025


1
Global Paraffin Wax Market
  • Size 2017 By Application (Candles, Packaging,
    Board Sizing, Rubber, Hotmelts, Cosmetics, and
    Others), By Region and Forecast 2018 to 2025

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2
Global Paraffin Wax Market Size, Share , Industry
Forecast Report 2025
  • Adroit Market Research launched a study titled,
    Global Paraffin Wax Market Size 2017 By
    Application (Packaging, Candles, Hotmelts,
    Cosmetics, Rubber, Board Sizing, and Others), By
    Region and Forecast 2018 to 2025. The study
    covers the global paraffin wax market trends and
    estimations in value (USD Million) and volume
    (Kilo Tons) for a period ranging from 2015 to
    2025. The global paraffin wax market report also
    includes qualitative insights into the market
    such as drivers, restraints, and value chain. It
    also contains the global paraffin wax market
    share for its various applications. Additionally,
    we have provided a glimpse of the global
    petrochemical wax industry.
  • By 2025, the global paraffin wax market revenue
    is estimated to reach USD 9.82 billion. Growing
    consumption of paraffin wax as a raw material in
    agriculture, food, rubber, electrical appliances,
    matches, fabric, and paper is expected to
    increase its market expansion over the projected
    period. By 2018, global demand for light
    commercial vehicles and passenger cars is
    expected to be more than 1.5 billion units.
    Growing consumption of paraffin for the
    production of tires by virtue of protection from
    cracking and chipping is expected to increase
    market concentration over the projected period.
  • Growing application of paraffin wax in the food
    packaging industry to offer good insulation
    properties is expected to increase its market
    reach. Paraffin wax offers water barrier
    properties and excellent protection making it
    best suitable for cardboard coating and food
    industry. Ability to blend with different wax
    products, it emerged as an important raw material
    in candle manufacturing, and personal care
    cosmetics. Global food packaging industry was
    accounted for more than USD 250 billion in 2017.
    Increased consumer preferences for packaged foods
    and rising concerns over health awareness is
    expected to provide a lucrative opportunity for
    paraffin wax manufacturers over the coming years.

3
Global Paraffin Wax Market Size, Share , Industry
Forecast Report 2025
  • Asia Pacific accounted for more than 30 of the
    global paraffin wax market share in 2017. Growing
    personal care cosmetics industry in India,
    Japan, Indonesia, and South Korea is expected to
    increase paraffin wax market concentration over
    the coming years. Expansion of well-established
    cosmetics manufacturers in India and China is
    expected to drive the market over the projected
    period. In addition, growing economies in this
    region are increasing their production facilities
    in order to reduce import from other countries.
    For instance, in India, in March 2015, Numaligarh
    Refinery Ltd (NRL) has commissioned 50 kilo tons
    capacity wax plant. This plant is designed to
    manufacture superior quality semi-microcrystalline
    wax and paraffin wax.
  • Paraffin waxes are produced from petroleum
    products. Therefore, volatile raw material prices
    may affect the global paraffin wax market growth.
    In addition, environmental regulations for the
    production of petrochemicals is expected to be
    the key restraint for paraffin wax industry.
  • Exxon Mobil Corporation, Sinopec Corp.,
    PetroChina International Co., Ltd, Sasol, The
    International Group, Indian Oil Corporation Ltd,
    Petrobras, Nippon Seiro Co., Ltd., Repsol, and
    Cepsa are the leading players present within the
    global paraffin wax market. For instance, in
    February 2018, Sasols phase 2 Fischer-Tropsch
    Wax Expansion Plant started its Sasolburg
    operation. This expansion strategy is expected to
    expand Sasols chemical business in the South
    African market.
  • Browse the complete report on _at_
    https//www.adroitmarketresearch.com/industry-repo
    rts/paraffin-wax-market

4
Key segments of the global paraffin wax market
  • Application Overview, 2015-2025 (Kilo Tons) (USD
    Million)
  • Candles
  • Packaging
  • Cosmetics
  • Hotmelts
  • Board Sizing
  • Rubber
  • Others
  • Regional Overview, 2015-2025 (Kilo Tons) (USD
    Million)
  • North America
  • Europe
  • Asia-Pacific
  • Middle East Africa
  • Latin America
  • Brazil
  • Purchase a single user copy of the global
    paraffin wax market report_at_ https//www.adroitmark
    etresearch.com/researchreport/purchase/317

5
About Us
  • Adroit Market Research is an India-based business
    analytics and consulting company. Our target
    audience is a wide range of corporations,
    manufacturing companies, product/technology
    development institutions and industry
    associations that require understanding of a
    markets size, key trends, participants and
    future outlook of an industry. We intend to
    become our clients knowledge partner and provide
    them with valuable market insights to help create
    opportunities that increase their revenues. We
    follow a code Explore, Learn and Transform. At
    our core, we are curious people who love to
    identify and understand industry patterns, create
    an insightful study around our findings and churn
    out money-making roadmaps. Our analysts have
    tracked high growth markets in chemicals
    materials, healthcare pharmaceuticals,
    semiconductor electronics, energy power, food
    retail, consumer goods, technology, and
    machinery equipment sectors across the world to
    identify new opportunities, potential customers,
    prepare go-to-market (GTM) strategies, identify
    segments for revenue growth for companies, and
    many more.
  • US Headquarters 3131 McKinney Ave Ste 600
    Dallas, TX 75204 ,U.S.A 
  • Phone 1 (214) 884-6068
  • Email sales_at_adroitmarketresearch.com
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