Global Paraffin Wax Market 2024-2028

The paraffin wax market is forecasted to grow by USD 1.57 bn during 2023-2028, accelerating at a CAGR of 5.82% during the forecast period. The report on the paraffin wax market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising application in packaging solutions, diversified product portfolio of key vendors, and growing industrial applications of paraffin wax.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	4.8%
CAGR	5.82%
Incremental Value	$1.57bn

Technavio's paraffin wax market is segmented as below:

By Application

Candles
Packaging
Hotmelts
Cosmetics and personal care
Board sizing and others

By Type

Fully refined
Semi refined
Others

By Geography

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the expansions in cosmetic and personal care applications as one of the prime reasons driving the paraffin wax market growth during the next few years. Also, sustainable and eco-friendly formulations of paraffin wax and rising trend of decorative candles will lead to sizable demand in the market.

The report on the paraffin wax market covers the following areas:

Paraffin wax market sizing
Paraffin wax market forecast
Paraffin wax market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading paraffin wax market vendors that include Calumet Specialty Products Partners L.P., China Petrochemical Corp., Compania Espanola de Petroleos SA, ENEOS Holdings Inc., Eni SpA, Ergon Inc., Exxon Mobil Corp., FUSHUN HENGYI Petro and Chemical Co Ltd, Gandhar Oil Refinery India Ltd., HollyFrontier Corp., Honeywell International Inc., Indian Oil Corp. Ltd., NIPPON SEIRO CO. LTD., Numaligarh Refinery Ltd., PetroChina Co. Ltd., Petroleo Brasileiro SA, Repsol SA, Sasol Ltd., SpecialChem S.A., and The International Group Inc.. Also, the paraffin wax market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR77034

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global paraffin wax market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global paraffin wax market 2018 - 2022 ($ billion)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
4.3 Type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2023-2028 (%)
Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Candles - Market size and forecast 2023-2028
Exhibit 34: Chart on Candles - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Candles - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Candles - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Candles - Year-over-year growth 2023-2028 (%)
6.4 Packaging - Market size and forecast 2023-2028
Exhibit 38: Chart on Packaging - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Packaging - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Packaging - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Packaging - Year-over-year growth 2023-2028 (%)
6.5 Hotmelts - Market size and forecast 2023-2028
Exhibit 42: Chart on Hotmelts - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Hotmelts - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Hotmelts - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Hotmelts - Year-over-year growth 2023-2028 (%)
6.6 Cosmetics and personal care - Market size and forecast 2023-2028
Exhibit 46: Chart on Cosmetics and personal care - Market size and forecast 2023-2028 ($ billion)
Exhibit 47: Data Table on Cosmetics and personal care - Market size and forecast 2023-2028 ($ billion)
Exhibit 48: Chart on Cosmetics and personal care - Year-over-year growth 2023-2028 (%)
Exhibit 49: Data Table on Cosmetics and personal care - Year-over-year growth 2023-2028 (%)
6.7 Board sizing and others - Market size and forecast 2023-2028
Exhibit 50: Chart on Board sizing and others - Market size and forecast 2023-2028 ($ billion)
Exhibit 51: Data Table on Board sizing and others - Market size and forecast 2023-2028 ($ billion)
Exhibit 52: Chart on Board sizing and others - Year-over-year growth 2023-2028 (%)
Exhibit 53: Data Table on Board sizing and others - Year-over-year growth 2023-2028 (%)
6.8 Market opportunity by Application
Exhibit 54: Market opportunity by Application ($ billion)
Exhibit 55: Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 56: Chart on Type - Market share 2023-2028 (%)
Exhibit 57: Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Exhibit 58: Chart on Comparison by Type
Exhibit 59: Data Table on Comparison by Type
7.3 Fully refined - Market size and forecast 2023-2028
Exhibit 60: Chart on Fully refined - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Fully refined - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Fully refined - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Fully refined - Year-over-year growth 2023-2028 (%)
7.4 Semi refined - Market size and forecast 2023-2028
Exhibit 64: Chart on Semi refined - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Data Table on Semi refined - Market size and forecast 2023-2028 ($ billion)
Exhibit 66: Chart on Semi refined - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on Semi refined - Year-over-year growth 2023-2028 (%)
7.5 Others - Market size and forecast 2023-2028
Exhibit 68: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 70: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 71: Data Table on Others - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Type
Exhibit 72: Market opportunity by Type ($ billion)
Exhibit 73: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 75: Chart on Market share by geography 2023-2028 (%)
Exhibit 76: Data Table on Market share by geography 2023-2028 (%)
9.2 Geographic comparison
Exhibit 77: Chart on Geographic comparison
Exhibit 78: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Exhibit 87: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 99: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 Japan - Market size and forecast 2023-2028
Exhibit 111: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 112: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 113: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 114: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.12 Canada - Market size and forecast 2023-2028
Exhibit 115: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 116: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 117: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 118: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity by geography
Exhibit 119: Market opportunity by geography ($ billion)
Exhibit 120: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 121: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 123: Overview on factors of disruption
11.4 Industry risks
Exhibit 124: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 125: Vendors covered
12.2 Market positioning of vendors
Exhibit 126: Matrix on vendor position and classification
12.3 Calumet Specialty Products Partners L.P.
Exhibit 127: Calumet Specialty Products Partners L.P. - Overview
Exhibit 128: Calumet Specialty Products Partners L.P. - Business segments
Exhibit 129: Calumet Specialty Products Partners L.P. - Key offerings
Exhibit 130: Calumet Specialty Products Partners L.P. - Segment focus
12.4 China Petrochemical Corp.
Exhibit 131: China Petrochemical Corp. - Overview
Exhibit 132: China Petrochemical Corp. - Business segments
Exhibit 133: China Petrochemical Corp. - Key offerings
Exhibit 134: China Petrochemical Corp. - Segment focus
12.5 Compania Espanola de Petroleos SA
Exhibit 135: Compania Espanola de Petroleos SA - Overview
Exhibit 136: Compania Espanola de Petroleos SA - Business segments
Exhibit 137: Compania Espanola de Petroleos SA - Key offerings
Exhibit 138: Compania Espanola de Petroleos SA - Segment focus
12.6 Eni SpA
Exhibit 139: Eni SpA - Overview
Exhibit 140: Eni SpA - Business segments
Exhibit 141: Eni SpA - Key offerings
Exhibit 142: Eni SpA - Segment focus
12.7 Ergon Inc.
Exhibit 143: Ergon Inc. - Overview
Exhibit 144: Ergon Inc. - Product / Service
Exhibit 145: Ergon Inc. - Key offerings
12.8 Exxon Mobil Corp.
Exhibit 146: Exxon Mobil Corp. - Overview
Exhibit 147: Exxon Mobil Corp. - Business segments
Exhibit 148: Exxon Mobil Corp. - Key offerings
Exhibit 149: Exxon Mobil Corp. - Segment focus
12.9 HollyFrontier Corp.
Exhibit 150: HollyFrontier Corp. - Overview
Exhibit 151: HollyFrontier Corp. - Business segments
Exhibit 152: HollyFrontier Corp. - Key offerings
Exhibit 153: HollyFrontier Corp. - Segment focus
12.10 Honeywell International Inc.
Exhibit 154: Honeywell International Inc. - Overview
Exhibit 155: Honeywell International Inc. - Business segments
Exhibit 156: Honeywell International Inc. - Key news
Exhibit 157: Honeywell International Inc. - Key offerings
Exhibit 158: Honeywell International Inc. - Segment focus
12.11 Indian Oil Corp. Ltd.
Exhibit 159: Indian Oil Corp. Ltd. - Overview
Exhibit 160: Indian Oil Corp. Ltd. - Business segments
Exhibit 161: Indian Oil Corp. Ltd. - Key offerings
Exhibit 162: Indian Oil Corp. Ltd. - Segment focus
12.12 NIPPON SEIRO CO. LTD.
Exhibit 163: NIPPON SEIRO CO. LTD. - Overview
Exhibit 164: NIPPON SEIRO CO. LTD. - Product / Service
Exhibit 165: NIPPON SEIRO CO. LTD. - Key offerings
12.13 PetroChina Co. Ltd.
Exhibit 166: PetroChina Co. Ltd. - Overview
Exhibit 167: PetroChina Co. Ltd. - Business segments
Exhibit 168: PetroChina Co. Ltd. - Key offerings
Exhibit 169: PetroChina Co. Ltd. - Segment focus
12.14 Petroleo Brasileiro SA
Exhibit 170: Petroleo Brasileiro SA - Overview
Exhibit 171: Petroleo Brasileiro SA - Business segments
Exhibit 172: Petroleo Brasileiro SA - Key offerings
Exhibit 173: Petroleo Brasileiro SA - Segment focus
12.15 Repsol SA
Exhibit 174: Repsol SA - Overview
Exhibit 175: Repsol SA - Product / Service
Exhibit 176: Repsol SA - Key offerings
12.16 Sasol Ltd.
Exhibit 177: Sasol Ltd. - Overview
Exhibit 178: Sasol Ltd. - Business segments
Exhibit 179: Sasol Ltd. - Key news
Exhibit 180: Sasol Ltd. - Key offerings
Exhibit 181: Sasol Ltd. - Segment focus
12.17 The International Group Inc.
Exhibit 182: The International Group Inc. - Overview
Exhibit 183: The International Group Inc. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 184: Inclusions checklist
Exhibit 185: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 186: Currency conversion rates for US$
13.4 Research methodology
Exhibit 187: Research methodology
Exhibit 188: Validation techniques employed for market sizing
Exhibit 189: Information sources
13.5 List of abbreviations
Exhibit 190: List of abbreviations