Paraffin Wax Market was valued at USD 5.19 billion in 2021 and is expected to reach USD 8.16 billion by 2029
Market Analysis and Size
Over the last few years, the paraffin wax market has grown steadily. Paraffin wax will continue to be widely used in the production of candles. Moreover, due to its benefits such as durability, waterproofing, and cost-effectiveness, paraffin wax is now commonly used to manufacture waterproof tarpaulin, which is widely used to protect or cover crops and vehicles. Therefore, high utilization further boosts the popularity of paraffin wax across the industries, thus resulting in positive outlook for the market.
Paraffin Wax Market was valued at USD 5.19 billion in 2021 and is expected to reach USD 8.16 billion by 2029, registering a CAGR of 5.80% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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The countries covered in the paraffin wax market report are:
- Canada and Mexico in North America,
- Germany,
- France,
- K.,
- Netherlands,
- Switzerland,
- Belgium,
- Russia,
- Italy,
- Spain,
- Turkey,
- Rest of Europe in Europe,
- China,
- Japan,
- India,
- South Korea,
- Singapore,
- Malaysia,
- Australia,
- Thailand,
- Indonesia,
- Philippines,
- Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC),
- Saudi Arabia,
- A.E,
- Israel,
- Egypt,
- South Africa,
- Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA),
- Brazil,
- Argentina and Rest of South America as part of South America.
Some of the major players operating in the paraffin wax market are
- BASF SE (Germany)
- Clariant (Switzerland)
- Numaligarh Refinery Limited (India)
- Trecora Resources (U.S.)
- Indian Oil Corporation Ltd (IOCL) (India)
- Goyel Chemical Corporation (India)
- Nippon Seiro Co., Ltd. (Japan)
- AVERY DENNISON CORPORATION (U.S.)
- Marcusoil (U.S.)
- Mitsui Chemicals, Inc., (Japan)
- 3M (U.S.)
- Sika AG (Switzerland)
- Honeywell International Inc.,(U.S.)
- Westlake Corporation (U.S.)
- CPCL (India)
- Innospec (U.S.)
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major toc of the report:
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Cost of Care Analysis
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