Bulletin
Investor Alert

May 19, 2020, 3:01 a.m. EDT

Paraffin Wax Market Scrutiny by Types and Applications to Grow at 3.9% of CAGR till 2027 | ExxonMobil, Sinopec, PetroChina Company Limited, Sasol, etc

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

May 19, 2020 (CDN Newswire via Comtex) -- Industry Overview of Paraffin Wax Market Report 2020

Reports and data have recently published a new report on the global Paraffin Wax market. The report is backed by data that has been derived from primary and secondary sources. All the data have been analyzed and certified by market experts to confirm their representation of the true scenario of the market. The report has been segmented and sub-segmented into regions, competitive landscape, players in the market, and strategies that have been employed and proven successful in the industry's eco-system.

The paraffin wax market is projected to register a CAGR of 3.9% in terms of value, from 2019 to reach USD 7.72 Billion by 2027.

The global Paraffin Wax market also reviews how the market has been bolstering its foothold internationally by influencing and heavily contributing to global revenue generation.

The study proves to be unique due to the inclusion of the effects and impacts of COID-19 on the market. The industries have been severely attacked and affected by the virus, and the report assesses the market, keeping in mind the aftereffects of the pandemic.

To avail your copy of the sample of the Paraffin Wax market report click@: https://www.reportsanddata.com/sample-enquiry-form/2416

Insights of the report:

  • The valuation for the paraffin wax market was USD 5.42 billion in 2018, and it is expected to reach USD 7.72 billion by 2027.

  • By product type, semi-refined paraffin wax occupied a considerable market size in 2018. It is used in making of candles along with PVC lubricant, shoe polishes, paint & varnish removers, floor polishes, leather treating, explosives, corrosion inhibitor, batteries. Some industrial unit blend paraffin wax 3-5% with 1-1.5% to get a better quality.

  • By availability, liquid paraffin wax is likely to witness a faster growth rate in the forecast period.

  • North American market is likely to grow at a rate of 3.4% in the forecast period.

  • The packaging industry in Europe is expected to grow at a rate of 3.8% in the period 2019-2027.

  • The increasing application of eco-friendly substitutes, including soybeans, beeswax, and polyethylene as well as the hazardous effect of this wax on human health, may create hindrances in the growth of the market in the upcoming years.

Key players who influence the Paraffin Wax market:

ExxonMobil, Sinopec, PetroChina Company Limited, Sasol, The International Group, Honeywell, Nippon Seiro Company Limited, Petrobras, Repsol, and Indian Oil Corporation Ltd., among others.

Based on type the Paraffin Wax global industry is segmented into:

  • Fully-Refined Paraffin Wax

  • Semi-Refined Paraffin Wax

  • Others

Based on application of the products of the global Paraffin Wax market are:

  • Candle

  • Packaging

  • Board Sizing

  • Rubber

1 2
This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.