Product Code: IRTNTR77034
Abstract
The paraffin wax market is forecasted to grow by USD 1.57 bn during 2023-2028, accelerating at a CAGR of 5.82% during the forecast period. The report on the paraffin wax market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising application in packaging solutions, diversified product portfolio of key vendors, and growing industrial applications of paraffin wax.
Market Scope |
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 4.8% |
CAGR | 5.82% |
Incremental Value | $1.57bn |
Technavio's paraffin wax market is segmented as below:
By Application
- Candles
- Packaging
- Hotmelts
- Cosmetics and personal care
- Board sizing and others
By Type
- Fully refined
- Semi refined
- Others
By Geography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the expansions in cosmetic and personal care applications as one of the prime reasons driving the paraffin wax market growth during the next few years. Also, sustainable and eco-friendly formulations of paraffin wax and rising trend of decorative candles will lead to sizable demand in the market.
The report on the paraffin wax market covers the following areas:
- Paraffin wax market sizing
- Paraffin wax market forecast
- Paraffin wax market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading paraffin wax market vendors that include Calumet Specialty Products Partners L.P., China Petrochemical Corp., Compania Espanola de Petroleos SA, ENEOS Holdings Inc., Eni SpA, Ergon Inc., Exxon Mobil Corp., FUSHUN HENGYI Petro and Chemical Co Ltd, Gandhar Oil Refinery India Ltd., HollyFrontier Corp., Honeywell International Inc., Indian Oil Corp. Ltd., NIPPON SEIRO CO. LTD., Numaligarh Refinery Ltd., PetroChina Co. Ltd., Petroleo Brasileiro SA, Repsol SA, Sasol Ltd., SpecialChem S.A., and The International Group Inc.. Also, the paraffin wax market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary - Chart on Market Overview
- Exhibit 02: Executive Summary - Data Table on Market Overview
- Exhibit 03: Executive Summary - Chart on Global Market Characteristics
- Exhibit 04: Executive Summary - Chart on Market by Geography
- Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary - Chart on Incremental Growth
- Exhibit 08: Executive Summary - Data Table on Incremental Growth
- Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global paraffin wax market 2018 - 2022
- Exhibit 18: Historic Market Size - Data Table on global paraffin wax market 2018 - 2022 ($ billion)
- 4.2 Application Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
- 4.3 Type Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
- 4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- 4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
- 6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application
- 6.3 Candles - Market size and forecast 2023-2028
- Exhibit 34: Chart on Candles - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Data Table on Candles - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Chart on Candles - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Candles - Year-over-year growth 2023-2028 (%)
- 6.4 Packaging - Market size and forecast 2023-2028
- Exhibit 38: Chart on Packaging - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Data Table on Packaging - Market size and forecast 2023-2028 ($ billion)
- Exhibit 40: Chart on Packaging - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Packaging - Year-over-year growth 2023-2028 (%)
- 6.5 Hotmelts - Market size and forecast 2023-2028
- Exhibit 42: Chart on Hotmelts - Market size and forecast 2023-2028 ($ billion)
- Exhibit 43: Data Table on Hotmelts - Market size and forecast 2023-2028 ($ billion)
- Exhibit 44: Chart on Hotmelts - Year-over-year growth 2023-2028 (%)
- Exhibit 45: Data Table on Hotmelts - Year-over-year growth 2023-2028 (%)
- 6.6 Cosmetics and personal care - Market size and forecast 2023-2028
- Exhibit 46: Chart on Cosmetics and personal care - Market size and forecast 2023-2028 ($ billion)
- Exhibit 47: Data Table on Cosmetics and personal care - Market size and forecast 2023-2028 ($ billion)
- Exhibit 48: Chart on Cosmetics and personal care - Year-over-year growth 2023-2028 (%)
- Exhibit 49: Data Table on Cosmetics and personal care - Year-over-year growth 2023-2028 (%)
- 6.7 Board sizing and others - Market size and forecast 2023-2028
- Exhibit 50: Chart on Board sizing and others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 51: Data Table on Board sizing and others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 52: Chart on Board sizing and others - Year-over-year growth 2023-2028 (%)
- Exhibit 53: Data Table on Board sizing and others - Year-over-year growth 2023-2028 (%)
- 6.8 Market opportunity by Application
- Exhibit 54: Market opportunity by Application ($ billion)
- Exhibit 55: Data Table on Market opportunity by Application ($ billion)
7 Market Segmentation by Type
- 7.1 Market segments
- Exhibit 56: Chart on Type - Market share 2023-2028 (%)
- Exhibit 57: Data Table on Type - Market share 2023-2028 (%)
- 7.2 Comparison by Type
- Exhibit 58: Chart on Comparison by Type
- Exhibit 59: Data Table on Comparison by Type
- 7.3 Fully refined - Market size and forecast 2023-2028
- Exhibit 60: Chart on Fully refined - Market size and forecast 2023-2028 ($ billion)
- Exhibit 61: Data Table on Fully refined - Market size and forecast 2023-2028 ($ billion)
- Exhibit 62: Chart on Fully refined - Year-over-year growth 2023-2028 (%)
- Exhibit 63: Data Table on Fully refined - Year-over-year growth 2023-2028 (%)
- 7.4 Semi refined - Market size and forecast 2023-2028
- Exhibit 64: Chart on Semi refined - Market size and forecast 2023-2028 ($ billion)
- Exhibit 65: Data Table on Semi refined - Market size and forecast 2023-2028 ($ billion)
- Exhibit 66: Chart on Semi refined - Year-over-year growth 2023-2028 (%)
- Exhibit 67: Data Table on Semi refined - Year-over-year growth 2023-2028 (%)
- 7.5 Others - Market size and forecast 2023-2028
- Exhibit 68: Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 69: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 70: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 71: Data Table on Others - Year-over-year growth 2023-2028 (%)
- 7.6 Market opportunity by Type
- Exhibit 72: Market opportunity by Type ($ billion)
- Exhibit 73: Data Table on Market opportunity by Type ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 75: Chart on Market share by geography 2023-2028 (%)
- Exhibit 76: Data Table on Market share by geography 2023-2028 (%)
- 9.2 Geographic comparison
- Exhibit 77: Chart on Geographic comparison
- Exhibit 78: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 North America - Market size and forecast 2023-2028
- Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.5 Europe - Market size and forecast 2023-2028
- Exhibit 87: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 88: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 89: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.6 South America - Market size and forecast 2023-2028
- Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.7 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.8 US - Market size and forecast 2023-2028
- Exhibit 99: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 100: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 101: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.9 China - Market size and forecast 2023-2028
- Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.10 Germany - Market size and forecast 2023-2028
- Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.11 Japan - Market size and forecast 2023-2028
- Exhibit 111: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 112: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 113: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 114: Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 9.12 Canada - Market size and forecast 2023-2028
- Exhibit 115: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
- Exhibit 116: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
- Exhibit 117: Chart on Canada - Year-over-year growth 2023-2028 (%)
- Exhibit 118: Data Table on Canada - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity by geography
- Exhibit 119: Market opportunity by geography ($ billion)
- Exhibit 120: Data Tables on Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 121: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 123: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 124: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 125: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 126: Matrix on vendor position and classification
- 12.3 Calumet Specialty Products Partners L.P.
- Exhibit 127: Calumet Specialty Products Partners L.P. - Overview
- Exhibit 128: Calumet Specialty Products Partners L.P. - Business segments
- Exhibit 129: Calumet Specialty Products Partners L.P. - Key offerings
- Exhibit 130: Calumet Specialty Products Partners L.P. - Segment focus
- 12.4 China Petrochemical Corp.
- Exhibit 131: China Petrochemical Corp. - Overview
- Exhibit 132: China Petrochemical Corp. - Business segments
- Exhibit 133: China Petrochemical Corp. - Key offerings
- Exhibit 134: China Petrochemical Corp. - Segment focus
- 12.5 Compania Espanola de Petroleos SA
- Exhibit 135: Compania Espanola de Petroleos SA - Overview
- Exhibit 136: Compania Espanola de Petroleos SA - Business segments
- Exhibit 137: Compania Espanola de Petroleos SA - Key offerings
- Exhibit 138: Compania Espanola de Petroleos SA - Segment focus
- 12.6 Eni SpA
- Exhibit 139: Eni SpA - Overview
- Exhibit 140: Eni SpA - Business segments
- Exhibit 141: Eni SpA - Key offerings
- Exhibit 142: Eni SpA - Segment focus
- 12.7 Ergon Inc.
- Exhibit 143: Ergon Inc. - Overview
- Exhibit 144: Ergon Inc. - Product / Service
- Exhibit 145: Ergon Inc. - Key offerings
- 12.8 Exxon Mobil Corp.
- Exhibit 146: Exxon Mobil Corp. - Overview
- Exhibit 147: Exxon Mobil Corp. - Business segments
- Exhibit 148: Exxon Mobil Corp. - Key offerings
- Exhibit 149: Exxon Mobil Corp. - Segment focus
- 12.9 HollyFrontier Corp.
- Exhibit 150: HollyFrontier Corp. - Overview
- Exhibit 151: HollyFrontier Corp. - Business segments
- Exhibit 152: HollyFrontier Corp. - Key offerings
- Exhibit 153: HollyFrontier Corp. - Segment focus
- 12.10 Honeywell International Inc.
- Exhibit 154: Honeywell International Inc. - Overview
- Exhibit 155: Honeywell International Inc. - Business segments
- Exhibit 156: Honeywell International Inc. - Key news
- Exhibit 157: Honeywell International Inc. - Key offerings
- Exhibit 158: Honeywell International Inc. - Segment focus
- 12.11 Indian Oil Corp. Ltd.
- Exhibit 159: Indian Oil Corp. Ltd. - Overview
- Exhibit 160: Indian Oil Corp. Ltd. - Business segments
- Exhibit 161: Indian Oil Corp. Ltd. - Key offerings
- Exhibit 162: Indian Oil Corp. Ltd. - Segment focus
- 12.12 NIPPON SEIRO CO. LTD.
- Exhibit 163: NIPPON SEIRO CO. LTD. - Overview
- Exhibit 164: NIPPON SEIRO CO. LTD. - Product / Service
- Exhibit 165: NIPPON SEIRO CO. LTD. - Key offerings
- 12.13 PetroChina Co. Ltd.
- Exhibit 166: PetroChina Co. Ltd. - Overview
- Exhibit 167: PetroChina Co. Ltd. - Business segments
- Exhibit 168: PetroChina Co. Ltd. - Key offerings
- Exhibit 169: PetroChina Co. Ltd. - Segment focus
- 12.14 Petroleo Brasileiro SA
- Exhibit 170: Petroleo Brasileiro SA - Overview
- Exhibit 171: Petroleo Brasileiro SA - Business segments
- Exhibit 172: Petroleo Brasileiro SA - Key offerings
- Exhibit 173: Petroleo Brasileiro SA - Segment focus
- 12.15 Repsol SA
- Exhibit 174: Repsol SA - Overview
- Exhibit 175: Repsol SA - Product / Service
- Exhibit 176: Repsol SA - Key offerings
- 12.16 Sasol Ltd.
- Exhibit 177: Sasol Ltd. - Overview
- Exhibit 178: Sasol Ltd. - Business segments
- Exhibit 179: Sasol Ltd. - Key news
- Exhibit 180: Sasol Ltd. - Key offerings
- Exhibit 181: Sasol Ltd. - Segment focus
- 12.17 The International Group Inc.
- Exhibit 182: The International Group Inc. - Overview
- Exhibit 183: The International Group Inc. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 184: Inclusions checklist
- Exhibit 185: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 186: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 187: Research methodology
- Exhibit 188: Validation techniques employed for market sizing
- Exhibit 189: Information sources
- 13.5 List of abbreviations
- Exhibit 190: List of abbreviations