Paraffin Wax Market 2020 High Growth, Market Share, Size, Demand, New Technology, Challenges and Trends Analysis till 2025 - PowerPoint PPT Presentation

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Paraffin Wax Market 2020 High Growth, Market Share, Size, Demand, New Technology, Challenges and Trends Analysis till 2025

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The global paraffin wax market size was valued at USD 7,513.3 Million in 2018, driven by the rising usage of candles globally, as well as rapidly growing demand for cosmetics products. – PowerPoint PPT presentation

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Title: Paraffin Wax Market 2020 High Growth, Market Share, Size, Demand, New Technology, Challenges and Trends Analysis till 2025


1
Global Paraffin Wax Market
  • Size 2018 By Application (Candles, Packaging,
    Board Sizing, Rubber, Hotmelts, Cosmetics, and
    Others), By Region and Forecast 2019 to 2025

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2
Global Paraffin Wax Market Size, Share , Industry
Forecast Report 2025
  • The global paraffin wax market size is estimated
    to be worth USD 9,820.5 Million by 2025.
    Increasing consumption of paraffin wax as a raw
    material in various industries such as food,
    electrical appliances, fabric, paper and
    agriculture is expected to propel its market
    expansion over the forecast period. Rising demand
    of tires is also boosting the paraffin wax
    market, worldwide. As it protects the tires from
    chipping and cracking.
  • Growing demand of paraffin wax in food industry,
    as food grade wax is anticipated to grow the
    paraffin wax market over the forecast period.
    Paraffin wax has excellent water barrier property
    which makes it more suitable for cardboard
    coating.
  • Paraffin wax is widely used in making of candles,
    across the world. Paraffin wax as candle wax was
    dominating the application segment in 2018. It is
    expected to show similar growth over the
    expansion period. Paraffin wax is also used full
    in polishing of furniture, floor and automobile
    to make it glossy.
  • Paraffin bath as a physiotherapy treatment is
    given to the patient having disease such as
    osteoarthritis, and rheumatoid arthritis.
    According to various case studies paraffin bath
    gives relief to the severe joint pain.
  • Cosmetic industry is provide huge opportunity for
    the global paraffin wax market. Various lotions,
    lipsticks, lip balm, and creams require the
    paraffin wax in the preparation formula as it has
    spreadable consistency. However, replacement of
    paraffin wax can be done by the bees wax, thus it
    can be hampering factor for the growth of
    paraffin wax market.
  • Asia Pacific nearly covered 30 of the global
    paraffin wax market share in 2018. Raising demand
    of skin care products in China and India, are the
    key drivers for the global paraffin wax market.
    It will show similar trends in upcoming years.

3
Global Paraffin Wax Market Size, Share , Industry
Forecast Report 2025
  • In addition, emerging economies of India and
    China contributes to the global paraffin wax
    market owing to high production and consumption
    of paraffin wax, throughout the region. However,
    environmental regulation for the petrochemicals,
    by the government can be the biggest hurdle faced
    by the global paraffin wax market.
  • Key players for the global paraffin wax market
    are Exxon Mobil Corporation, Sinopec Corp.,
    PetroChina International Co., Ltd, Sasol, The
    International Group, Inc., Indian Oil Corporation
    Ltd, Petrobras, Nippon Seiro Co., Ltd., Repsol,
    Cepsa.
  • In June, 2019 SINOPEC (China Petroleum Chemical
    Corporation) signed an agreement with Novatek and
    Gazprombankl. Under the agreement, the joint
    venture purchased Liquefied Natural Gas from
    Novatek and sold it to end customer in the
    Chinese 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 Headquarters3131 McKinney Ave Ste 600
    Dallas, TX 75204 ,U.S.A 
  • Phone 1 (214) 884-6068
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