Market Overview:
The global paraffin wax semi refined market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for candles, packaging, cosmetics, and hotmelts applications. In terms of type, the melting point 52/54 segment is expected to grow at a higher CAGR than the melting point 54/56 segment during the forecast period. Regionally, North America is expected to lead the global paraffin wax semi refined market in terms of revenue by 2030 owing to high demand from end-use industries such as candles and packaging.
Product Definition:
A type of wax that is made from petroleum and used in a variety of industrial and household products, including candles, crayons, food packaging, and polishes.
Melting Point 52/54:
Melting point 52/54 is a type of wax that has a melting point between the range of 40°C to 50°C and boiling point between the range of 150 °C to 160 °C. It’s also known as liquid paraffin or semi-refined wax.
Melting Point 54/56:
Melting point 54/56 is a type of petroleum wax that has a melting range between 40 °C and 46 °C. It is also known as the semi-refined paraffin wax or microcrystalline wax. Melting point 54/56 has applications in cosmetics, pharmaceuticals, food & beverages and rubber industries. The major application of this product is in the production of candles which are used for religious purposes across various churches on Christmas, Easter and other festivals.
Application Insights:
Candles were the leading application segment and accounted for over 60.0% of global paraffin wax semi refined market in 2017. The candles are widely used for home fragrance as well as for decorative purposes. Increasing purchasing power, especially in major economies such as China, India and the U.S., is expected to drive demand from the decorative segment over the forecast period.
The packaging segment is projected to witness significant growth at a CAGR of XX%, in terms of volume during the forecast period owing to high product utilization in food packaging applications including cheese wheels, meatballs and chicken nuggets among others which are popularly known as ¢â‚¬Ëœfast foods¢â‚¬â„¢ across various regions globally due to their increasing consumption rate among consumers particularly those living in emerging nations such as China.
Regional Analysis:
Asia Pacific was the largest market for global paraffin wax semi refined and accounted for a revenue share of over 45% in 2017. The region is expected to witness significant growth in demand on account of increasing product consumption in packaging, candles, cosmetics and hotmelt applications. China is one of the major consumers owing to growing domestic production coupled with low manufacturing cost as compared to other countries.
North America emerged as the second-largest consumer due to high demand from end-use industries such as cosmetics, food & beverage and pharmaceuticals along with increased usage in industrial applications including board sizing. U.S.
Growth Factors:
- Increasing demand from end-use industries such as cosmetics, pharmaceuticals, and food & beverages
- Rising investment in R&D by paraffin wax manufacturers to develop new products and applications
- Growing popularity of candles and other decorative items made from paraffin wax
- Increasing use of paraffin wax in manufacturing advanced composites and insulation materials
- Proliferation of online retail platforms that offer a wide range of paraffin wax products at competitive prices
Scope Of The Report
Report Attributes
Report Details
Report Title
Paraffin Wax Semi Refined Market Research Report
By Type
Melting Point 52/54, Melting Point 54/56
By Application
Candles, Packaging, Cosmetics, Hotmelts, Board Sizing
By Companies
C.J. Robinson, Dhariwal Corp, Sasol, ExxonMobil, Petrobras, Shell, Nippon Seiro, Repsol, MNF Petroleum Products
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Paraffin Wax Semi Refined Market Report Segments:
The global Paraffin Wax Semi Refined market is segmented on the basis of:
Types
Melting Point 52/54, Melting Point 54/56
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
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:
- C.J. Robinson
- Dhariwal Corp
- Sasol
- ExxonMobil
- Petrobras
- Shell
- Nippon Seiro
- Repsol
- MNF Petroleum Products
Highlights of The Paraffin Wax Semi Refined 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:
- Melting Point 52/54
- Melting Point 54/56
- By Application:
- Candles
- Packaging
- Cosmetics
- Hotmelts
- Board Sizing
- 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 Paraffin Wax Semi Refined 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Paraffin wax semi refined is a type of wax that has had the majority of the impurities removed. This leaves it with a higher melting point and a more refined texture than other types of wax.
Some of the key players operating in the paraffin wax semi refined market are C.J. Robinson, Dhariwal Corp, Sasol, ExxonMobil, Petrobras, Shell, Nippon Seiro, Repsol, MNF Petroleum Products.
The paraffin wax semi refined market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Paraffin Wax Semi Refined 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. Paraffin Wax Semi Refined Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Paraffin Wax Semi Refined Market - Supply Chain
4.5. Global Paraffin Wax Semi Refined Market Forecast
4.5.1. Paraffin Wax Semi Refined Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Paraffin Wax Semi Refined Market Size (000 Units) and Y-o-Y Growth
4.5.3. Paraffin Wax Semi Refined Market Absolute $ Opportunity
5. Global Paraffin Wax Semi Refined 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. Paraffin Wax Semi Refined Market Size and Volume Forecast by Type
5.3.1. Melting Point 52/54
5.3.2. Melting Point 54/56
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Paraffin Wax Semi Refined 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. Paraffin Wax Semi Refined 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
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Paraffin Wax Semi Refined 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. Paraffin Wax Semi Refined 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 Paraffin Wax Semi Refined 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. Paraffin Wax Semi Refined 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 Paraffin Wax Semi Refined Demand Share Forecast, 2019-2029
9. North America Paraffin Wax Semi Refined 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 Paraffin Wax Semi Refined 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 Paraffin Wax Semi Refined 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
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Paraffin Wax Semi Refined Market Size and Volume Forecast by Type
9.7.1. Melting Point 52/54
9.7.2. Melting Point 54/56
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 Paraffin Wax Semi Refined Demand Share Forecast, 2019-2029
10. Latin America Paraffin Wax Semi Refined 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 Paraffin Wax Semi Refined 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 Paraffin Wax Semi Refined 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
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Paraffin Wax Semi Refined Market Size and Volume Forecast by Type
10.7.1. Melting Point 52/54
10.7.2. Melting Point 54/56
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 Paraffin Wax Semi Refined Demand Share Forecast, 2019-2029
11. Europe Paraffin Wax Semi Refined 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 Paraffin Wax Semi Refined 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 Paraffin Wax Semi Refined 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
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Paraffin Wax Semi Refined Market Size and Volume Forecast by Type
11.7.1. Melting Point 52/54
11.7.2. Melting Point 54/56
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 Paraffin Wax Semi Refined Demand Share, 2019-2029
12. Asia Pacific Paraffin Wax Semi Refined 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 Paraffin Wax Semi Refined 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 Paraffin Wax Semi Refined 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
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Paraffin Wax Semi Refined Market Size and Volume Forecast by Type
12.7.1. Melting Point 52/54
12.7.2. Melting Point 54/56
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 Paraffin Wax Semi Refined Demand Share, 2019-2029
13. Middle East & Africa Paraffin Wax Semi Refined 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 Paraffin Wax Semi Refined 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 Paraffin Wax Semi Refined 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
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Paraffin Wax Semi Refined Market Size and Volume Forecast by Type
13.7.1. Melting Point 52/54
13.7.2. Melting Point 54/56
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 Paraffin Wax Semi Refined Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Paraffin Wax Semi Refined Market: Market Share Analysis
14.2. Paraffin Wax Semi Refined Distributors and Customers
14.3. Paraffin Wax Semi Refined Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. C.J. Robinson
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Dhariwal Corp
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sasol
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ExxonMobil
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Petrobras
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shell
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nippon Seiro
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Repsol
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. MNF Petroleum Products
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
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