Market Overview:
The global fully-refined paraffin wax market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for candles, packaging, cosmetics and other applications across the globe. Based on type, the global fully-refined paraffin wax market has been segmented into industrial grade, cosmetic grade and other types. The industrial grade segment is expected to account for a major share of the global market during the forecast period owing to its widespread use in various end-use industries such as rubber, board sizing and others. However, with rising awareness about benefits of using cosmetic grade waxes among consumers across different regions, this segment is anticipated register higher growth rate during 2018–2030. On basis of application type; candles accounted for majority share in 2017 due high adoption rates across different geographies followed by packaging and cosmetics segments respectively. Growing demand from these application segments are expected propel overall growth of Fully refined Paraffin Wax Market over next 10 years . Asia Pacific region led Global Fully Refined Paraffin Wax Market with highest revenue contribution in 2017and it is projected grow at significant CAGR over upcoming years owing growing demand from countries such as China , India etc .
Product Definition:
Fully-refined paraffin wax is a type of wax that has been purified to the point where it is nearly 100% pure. This type of wax is often used in cosmetics, candles, and other applications where a high degree of purity is desired.
Industrial Grade:
Industrial grade paraffin wax is a type of petroleum-based wax that is produced in the U.S. and Canada for use in industrial applications such as packaging, adhesives, paints & coatings, rubber processing and hot melt applications among others.
Cosmetic Grade:
Cosmetic grade paraffin wax is a fully refined product, which is obtained from the hydrocarbon-rich portion of the crude oil. It has high demand in personal care and cosmetics products such as cold creams, lipsticks, moisturizers and other skin & hair care products. The growth of these end-use industries along with increasing awareness regarding natural ingredients used in cosmetic formulations will drive the market over the forecast period.
Application Insights:
Candles were the largest application segment and accounted for over 50% of global fully-refined paraffin wax market in 2017. The candles are widely used at home, hotels, restaurants and various other commercial places as well as at home. Increasing purchasing power among consumers in developing countries including China, India and Brazil is expected to have a positive impact on the growth of this segment during the forecast period.
Packaging was one of the fastest growing segments owing to increasing demand for packaging products from food & beverage industry which is a key consumer in Asia Pacific region. Moreover, strong economic development along with flexible regulatory environment has attracted many new players into packaging industry resulting in increased competition that will drive product demand further during future years.
Regional Analysis:
Asia Pacific was the largest market for fully-refined paraffin wax in 2016, accounting for a share of over 45%. The region is expected to continue its dominance over the forecast period. This growth can be attributed to increasing demand from various end-use industries such as cosmetics and packaging. China is one of the major consumers of fully refined paraffin wax owing to easy availability at low prices coupled with high demand from other end-use industries such as candles and hotmelt adhesives.
North America emerged as the second fastest growing regional market in 2016, expanding at a CAGR of XX% during the forecast period on account rising consumption from cosmetic industry due to increased consumer spending on personal care products such as moisturizing lotions, makeups, perfumes among others.
Growth Factors:
- Increasing demand for candles and other decorative items
- Growing use in the pharmaceutical industry
- Rising popularity of personal care products
- Increasing demand from the food and beverage industry
- Growing application in coating and insulation
Scope Of The Report
Report Attributes
Report Details
Report Title
Fully-refined Paraffin Wax Market Research Report
By Type
Industrial Grade, Cosmetic Grade, Other
By Application
Candles, Packaging, Cosmetics, Hotmelts, Board Sizing, Rubber, Other
By Companies
CNPC, Sinopec, Exxon Mobile, Sasol, Shell, Petrobras, LUKOIL, PDVSA, Hansen & Rosenthal, Calumet Lubriants, Naftowax, Nippon Seiro, Petro-Canada
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Fully-refined Paraffin Wax Market Report Segments:
The global Fully-refined Paraffin Wax market is segmented on the basis of:
Types
Industrial Grade, Cosmetic Grade, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Candles, Packaging, Cosmetics, Hotmelts, Board Sizing, Rubber, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CNPC
- Sinopec
- Exxon Mobile
- Sasol
- Shell
- Petrobras
- LUKOIL
- PDVSA
- Hansen & Rosenthal
- Calumet Lubriants
- Naftowax
- Nippon Seiro
- Petro-Canada
Highlights of The Fully-refined Paraffin Wax Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Grade
- Cosmetic Grade
- Other
- By Application:
- Candles
- Packaging
- Cosmetics
- Hotmelts
- Board Sizing
- Rubber
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fully-refined Paraffin Wax Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fully-refined paraffin wax is a type of wax that has been purified and has had all impurities removed. This means that it is a high-quality wax that is perfect for use in candles, lotions, and other products. It also has a higher melting point than other types of wax, which makes it ideal for use in products that need to be heat-resistant or have a high candle flame temperature.
Some of the major players in the fully-refined paraffin wax market are CNPC, Sinopec, Exxon Mobile, Sasol, Shell, Petrobras, LUKOIL, PDVSA, Hansen & Rosenthal, Calumet Lubriants, Naftowax, Nippon Seiro, Petro-Canada.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fully-refined Paraffin Wax Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fully-refined Paraffin Wax Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fully-refined Paraffin Wax Market - Supply Chain
4.5. Global Fully-refined Paraffin Wax Market Forecast
4.5.1. Fully-refined Paraffin Wax Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fully-refined Paraffin Wax Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fully-refined Paraffin Wax Market Absolute $ Opportunity
5. Global Fully-refined Paraffin Wax Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Fully-refined Paraffin Wax Market Size and Volume Forecast by Type
5.3.1. Industrial Grade
5.3.2. Cosmetic Grade
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fully-refined Paraffin Wax Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Fully-refined Paraffin Wax Market Size and Volume Forecast by Application
6.3.1. Candles
6.3.2. Packaging
6.3.3. Cosmetics
6.3.4. Hotmelts
6.3.5. Board Sizing
6.3.6. Rubber
6.3.7. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fully-refined Paraffin Wax Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Fully-refined Paraffin Wax Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Fully-refined Paraffin Wax Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Fully-refined Paraffin Wax Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Fully-refined Paraffin Wax Demand Share Forecast, 2019-2026
9. North America Fully-refined Paraffin Wax Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Fully-refined Paraffin Wax Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Fully-refined Paraffin Wax Market Size and Volume Forecast by Application
9.4.1. Candles
9.4.2. Packaging
9.4.3. Cosmetics
9.4.4. Hotmelts
9.4.5. Board Sizing
9.4.6. Rubber
9.4.7. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fully-refined Paraffin Wax Market Size and Volume Forecast by Type
9.7.1. Industrial Grade
9.7.2. Cosmetic Grade
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Fully-refined Paraffin Wax Demand Share Forecast, 2019-2026
10. Latin America Fully-refined Paraffin Wax Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Fully-refined Paraffin Wax Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Fully-refined Paraffin Wax Market Size and Volume Forecast by Application
10.4.1. Candles
10.4.2. Packaging
10.4.3. Cosmetics
10.4.4. Hotmelts
10.4.5. Board Sizing
10.4.6. Rubber
10.4.7. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fully-refined Paraffin Wax Market Size and Volume Forecast by Type
10.7.1. Industrial Grade
10.7.2. Cosmetic Grade
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Fully-refined Paraffin Wax Demand Share Forecast, 2019-2026
11. Europe Fully-refined Paraffin Wax Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Fully-refined Paraffin Wax Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Fully-refined Paraffin Wax Market Size and Volume Forecast by Application
11.4.1. Candles
11.4.2. Packaging
11.4.3. Cosmetics
11.4.4. Hotmelts
11.4.5. Board Sizing
11.4.6. Rubber
11.4.7. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fully-refined Paraffin Wax Market Size and Volume Forecast by Type
11.7.1. Industrial Grade
11.7.2. Cosmetic Grade
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Fully-refined Paraffin Wax Demand Share, 2019-2026
12. Asia Pacific Fully-refined Paraffin Wax Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Fully-refined Paraffin Wax Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Fully-refined Paraffin Wax Market Size and Volume Forecast by Application
12.4.1. Candles
12.4.2. Packaging
12.4.3. Cosmetics
12.4.4. Hotmelts
12.4.5. Board Sizing
12.4.6. Rubber
12.4.7. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fully-refined Paraffin Wax Market Size and Volume Forecast by Type
12.7.1. Industrial Grade
12.7.2. Cosmetic Grade
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Fully-refined Paraffin Wax Demand Share, 2019-2026
13. Middle East & Africa Fully-refined Paraffin Wax Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Fully-refined Paraffin Wax Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Fully-refined Paraffin Wax Market Size and Volume Forecast by Application
13.4.1. Candles
13.4.2. Packaging
13.4.3. Cosmetics
13.4.4. Hotmelts
13.4.5. Board Sizing
13.4.6. Rubber
13.4.7. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fully-refined Paraffin Wax Market Size and Volume Forecast by Type
13.7.1. Industrial Grade
13.7.2. Cosmetic Grade
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Fully-refined Paraffin Wax Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Fully-refined Paraffin Wax Market: Market Share Analysis
14.2. Fully-refined Paraffin Wax Distributors and Customers
14.3. Fully-refined Paraffin Wax Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. CNPC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sinopec
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Exxon Mobile
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sasol
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Shell
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Petrobras
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. LUKOIL
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. PDVSA
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hansen & Rosenthal
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Calumet Lubriants
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Naftowax
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Nippon Seiro
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Petro-Canada
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
