This report evaluates the market size of the Global Paraffins Market and studies the strategic patterns adopted by prominent international players. The report also analyzes the market size in terms of projected future revenues. All data figures such as percentage splits and classifications are calculated from secondary sources and verified from original sources. The supply and demand aspects of the market are also covered in the study. It provides profiles and analysis of market leaders and other prominent businesses.
Data Bridge Market Research analyses that the paraffin market which was growing at a value of 5.13 billion in 2021 and is expected to reach the value of USD 7.75 billion by 2029, at a CAGR of 5.30% during the forecast period.
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Global Prominent Market Players:
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.), and Others.
Market Segmentation:
Product Type
- Fully refined
- Semi-refined
- Scales
Type
- Paraffin Wax
- Liquid Paraffins
- Kerosene Paraffins
- Petroleum Jelly Paraffins
Application
- Farming
- Packaging
- Cosmetics
- Building Materials
- PVC
- Rubber
- Tires
- Candles
- Lighting
- Chemicals
- Secondary Alcohols
- Chlorinated Paraffin
- Internal Olefins
- Sulphonates
- Oilfield Chemicals
Paraffins Market Regional Insights:
The market for paraffin is dominated by North America. The positive outlook for air care and aromatherapy, as well as rising consumer awareness of the environmental and health risks associated with the use of aerosol sprays, are expected to boost brand demand. Furthermore, changing lifestyles, hygiene concerns, and hectic work schedules have led consumers to use more fragrance products, which is expected to grow the market size in the coming years.
Europe, on the other hand, is expected to grow steadily due to increased consumer awareness of synthetic ingredients in fragrance products. Furthermore, harmful aerosol emissions, combined with strict regulations on the use of aerosol fresheners, are expected to shift consumer preference to paraffin over the forecast period.
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
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Major Market Aspects Are Highlighted In The Report:
Executive Summary: It covers a summary of the most vital studies, the Global Paraffins market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Paraffins Market, the years measured, and the study points.
Company Profile: Each Firm well-defined in this segment is screened based on a product, value, SWOT analysis, their ability and other significant features.
Manufacture by region: This Paraffins report offers data on imports and exports, sales, production and key companies in all studied regional markets
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Essential Points from Paraffins Market TOC:
Chapter 1: Paraffins Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
Chapter 2: Market Competition by Manufacturers
Chapter 3: Production by Regions
Chapter 4: Consumption by Regions
Chapter 5: Complete profiling and analysis of Manufacturers
Chapter 6: Manufacturing cost analysis, Raw materials analysis, Region-wise manufacturing expenses
Chapter 7: Industrial Chain, Sourcing Strategy, and Downstream Buyers
Chapter 8: Marketing Strategy Analysis, Distributors/Traders
Chapter 9: Market Effect Factors Analysis
Chapter 10: Paraffins Market Forecast
Chapter 11: Paraffins Research Findings and Conclusion, Appendix, methodology, and data source
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