Global Petroleum Waxes Market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 1.2 billion by 2030 from USD 0.9 billion in 2018. The market is driven by the increasing demand for petroleum waxes in various applications such as candles, food, pyrotechnics and fiberboards. The increasing demand for petroleum waxes in these applications is attributed to their properties such as low melting point and high viscosity which make them suitable for use in these applications.
The global market for fully refined waxes was valued at USD 0.6 billion in 2018 and is expected to grow at a CAGR of 4% during the forecast period, reaching USD 0.8 billion by 2030 from 2019-2021 (USD 0 million). Fully refined waxes are used mainly as raw material for other products such as candles or food additives due to their high purity level and low impurities content which makes them suitable for use in these applications where purity matters more than cost effectiveness or price competitiveness.
- Petroleum waxes are used in a wide range of industries, including the automotive industry, construction industry, and furniture industry.
- The demand for petroleum waxes is expected to increase as the global population increases and more people buy cars and homes.
- Petroleum waxes are also used in the production of candles, which is an increasing market due to environmental concerns about other types of lighting sources such as incandescent bulbs or fluorescent lights.
- The price of petroleum waxes has been relatively stable over time because it is not affected by fluctuations in oil prices like crude oil or natural gas prices are; this makes it a good investment for investors looking for stability in their investments over time.
- Petroleum waxes have low volatility because they are not traded on any major exchanges; this means that there is no way to short sell them or use them as hedges against other investments like stocks or bonds.
Industry Growth Insights published a new data on “Petroleum Waxes Market”. The research report is titled “Petroleum Waxes Market research by Types (Fully Refined Waxes, Semi-refined Waxes, Others), By Applications (Candles, Food, Pyrotechnics, Fiberboards, Others), By Players/Companies CNPC, Exxon Mobile, Sinopec, Shell, Sasol, LUKOIL, PDVSA, Petrobras, ENI, Cepsa, MOL, Nippon Seiro, IGI, Calumet, Samir, HollyFrontier, Hansen & Rosenthal”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Petroleum Waxes Market Research Report
By Type
Fully Refined Waxes, Semi-refined Waxes, Others
By Application
Candles, Food, Pyrotechnics, Fiberboards, Others
By Companies
CNPC, Exxon Mobile, Sinopec, Shell, Sasol, LUKOIL, PDVSA, Petrobras, ENI, Cepsa, MOL, Nippon Seiro, IGI, Calumet, Samir, HollyFrontier, Hansen & Rosenthal
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Petroleum Waxes Market Report Segments:
The global Petroleum Waxes market is segmented on the basis of:
Types
Fully Refined Waxes, Semi-refined Waxes, Others
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, Food, Pyrotechnics, Fiberboards, Others
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
- Exxon Mobile
- Sinopec
- Shell
- Sasol
- LUKOIL
- PDVSA
- Petrobras
- ENI
- Cepsa
- MOL
- Nippon Seiro
- IGI
- Calumet
- Samir
- HollyFrontier
- Hansen & Rosenthal
Highlights of The Petroleum Waxes 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:
- Fully Refined Waxes
- Semi-refined Waxes
- Others
- By Application:
- Candles
- Food
- Pyrotechnics
- Fiberboards
- Others
- 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 Petroleum Waxes 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
- 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?
Petroleum waxes are a type of wax that is derived from crude oil. They are used in a variety of products, including candles, polish, and sealants.
Some of the major players in the petroleum waxes market are CNPC, Exxon Mobile, Sinopec, Shell, Sasol, LUKOIL, PDVSA, Petrobras, ENI, Cepsa, MOL, Nippon Seiro, IGI, Calumet, Samir, HollyFrontier, Hansen & Rosenthal.
The petroleum waxes market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Petroleum Waxes 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. Petroleum Waxes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Petroleum Waxes Market - Supply Chain
4.5. Global Petroleum Waxes Market Forecast
4.5.1. Petroleum Waxes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Petroleum Waxes Market Size (000 Units) and Y-o-Y Growth
4.5.3. Petroleum Waxes Market Absolute $ Opportunity
5. Global Petroleum Waxes 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. Petroleum Waxes Market Size and Volume Forecast by Type
5.3.1. Fully Refined Waxes
5.3.2. Semi-refined Waxes
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Petroleum Waxes 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. Petroleum Waxes Market Size and Volume Forecast by Application
6.3.1. Candles
6.3.2. Food
6.3.3. Pyrotechnics
6.3.4. Fiberboards
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Petroleum Waxes 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. Petroleum Waxes 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 Petroleum Waxes 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. Petroleum Waxes 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 Petroleum Waxes Demand Share Forecast, 2019-2026
9. North America Petroleum Waxes 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 Petroleum Waxes 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 Petroleum Waxes Market Size and Volume Forecast by Application
9.4.1. Candles
9.4.2. Food
9.4.3. Pyrotechnics
9.4.4. Fiberboards
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Petroleum Waxes Market Size and Volume Forecast by Type
9.7.1. Fully Refined Waxes
9.7.2. Semi-refined Waxes
9.7.3. Others
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 Petroleum Waxes Demand Share Forecast, 2019-2026
10. Latin America Petroleum Waxes 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 Petroleum Waxes 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 Petroleum Waxes Market Size and Volume Forecast by Application
10.4.1. Candles
10.4.2. Food
10.4.3. Pyrotechnics
10.4.4. Fiberboards
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Petroleum Waxes Market Size and Volume Forecast by Type
10.7.1. Fully Refined Waxes
10.7.2. Semi-refined Waxes
10.7.3. Others
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 Petroleum Waxes Demand Share Forecast, 2019-2026
11. Europe Petroleum Waxes 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 Petroleum Waxes 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 Petroleum Waxes Market Size and Volume Forecast by Application
11.4.1. Candles
11.4.2. Food
11.4.3. Pyrotechnics
11.4.4. Fiberboards
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Petroleum Waxes Market Size and Volume Forecast by Type
11.7.1. Fully Refined Waxes
11.7.2. Semi-refined Waxes
11.7.3. Others
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 Petroleum Waxes Demand Share, 2019-2026
12. Asia Pacific Petroleum Waxes 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 Petroleum Waxes 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 Petroleum Waxes Market Size and Volume Forecast by Application
12.4.1. Candles
12.4.2. Food
12.4.3. Pyrotechnics
12.4.4. Fiberboards
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Petroleum Waxes Market Size and Volume Forecast by Type
12.7.1. Fully Refined Waxes
12.7.2. Semi-refined Waxes
12.7.3. Others
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 Petroleum Waxes Demand Share, 2019-2026
13. Middle East & Africa Petroleum Waxes 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 Petroleum Waxes 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 Petroleum Waxes Market Size and Volume Forecast by Application
13.4.1. Candles
13.4.2. Food
13.4.3. Pyrotechnics
13.4.4. Fiberboards
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Petroleum Waxes Market Size and Volume Forecast by Type
13.7.1. Fully Refined Waxes
13.7.2. Semi-refined Waxes
13.7.3. Others
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 Petroleum Waxes Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Petroleum Waxes Market: Market Share Analysis
14.2. Petroleum Waxes Distributors and Customers
14.3. Petroleum Waxes 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. Exxon Mobile
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sinopec
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Shell
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sasol
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. LUKOIL
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. PDVSA
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Petrobras
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ENI
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cepsa
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. MOL
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. IGI
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Calumet
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Samir
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. HollyFrontier
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Hansen & Rosenthal
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
