Global Paraffin Wax Market Insights and Forecast to 2028

Paraffin wax is a white or colorless soft solid derivable from petroleum, coal or oil shale that consists of a mixture of hydrocarbon molecules containing between twenty and forty carbon atoms.
Market Analysis and Insights: Global Paraffin Wax Market
Due to the COVID-19 pandemic, the global Paraffin Wax market size is estimated to be worth US$ 7375.9 million in 2022 and is forecast to a readjusted size of US$ 9716.1 million by 2028 with a CAGR of 4.7% during the review period. Fully considering the economic change by this health crisis, Fully Refined Wax accounting for % of the Paraffin Wax global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Candles segment is altered to an % CAGR throughout this forecast period.
The major players in global Paraffin Wax market include CNPC, Exxon Mobile, Sinopec, etc. The top 3 players occupy about 50% shares of the global market. North America and China are main markets, they occupy about 50% of the global market. Fully Refined Wax is the main type, with a share about 40%. Candles is the main application, which holds a share about 40%.
In terms of production side, this report researches the Paraffin Wax capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Paraffin Wax by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Paraffin Wax Scope and Segment
Paraffin Wax market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Paraffin Wax market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Fully Refined Wax
Semi-refined Wax
Others (Food Grade, Ceresine Wax etc.)
Segment by Application
Candles
Food
Pyrotechnics
Fiberboard
Other
By Company
CNPC
Exxon Mobile
Sinopec
Shell
Sasol
LUKOIL
PDVSA
Petrobras
ENI
Cepsa
MOL
Nippon Seiro
IGI
Calumet
Samir
HollyFrontier
Hansen & Rosenthal
Production by Region
North America
China
Southeast Asia
South America
Europe
Japan
Mid East & Africa
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

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