The globalparaffin wax marketsize is expected to reach USD 8.58 Billion in 2030 and register a steady revenue CAGR of 5.4% over the forecast period, according to latest analysis by Emergen Research. A steady revenue growth of the paraffin wax market can be attributed to increase in demand from the beauty industry. Mineral oils such as paraffin, which come in a variety of forms, are frequently used in face creams and body lotions. Paraffin is utilized in beauty products as it is a less expensive technique to make skin feel hydrated.
When heated and applied to the skin or joint area, paraffin wax has a long history of treating a wide range of physical ailments, including enhancing blood flow, lowering pain, and treating arthritis. Additionally, an emollient, paraffin aids in softening the skin. By opening pores, the heated wax also aids in retaining moisture, leaving hands feeling softer, smoother, and better than before. Paraffin wax also becomes hard when it cools. Dead skin and grime are removed from the skin along with the wax, making the hands smoother.
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A recent trend in the market is the use of paraffin wax coated sand to replace plastic mulch in farmers fields. To help keep moisture in the soil, farmers frequently spread sheets of plastic along the rows of their crops. However, a recent study suggests that using paraffin wax-coated sand would be a more affordable and environmentally friendly option. As a result, a group at the King Abdullah University of Science and Technology (KAUST) in Saudi Arabia is looking into silica sand that has been covered in refined paraffin wax.
The Global Paraffin Wax Market Research Report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.
Some major companies operating in the global market include:
PetroChina Company Limited,
Sinopec Group,
Indian Oil Corporation Ltd.,
Sasol Limited,
Exxon Mobil Corporation,
The International Group, Inc.,
Petrobras,
Petro-Canada Lubricants Inc.,
Nippon Seiro Co., Ltd., and
Repsol S.A.
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The Global Paraffin Wax Market is further analyzed across the key geographical locations where the market has expanded to a significant size. The key region analyzed are North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The report offers a country-wise analysis to provide a comprehensive analysis of the Paraffin Wax market in terms of production and consumption patterns, supply and demand ratio, import/export, revenue contribution, trends, and presence of prominent players in each region.
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Emergen Research has segmented the global paraffin wax market on the basis of type, application, and region:
Type Outlook (Revenue, USD Billion; 2019-2030)
Fully Refined Wax
Semi-refined Wax
Others
Application Outlook (Revenue, USD Billion; 2019-2030)
Candles
Packaging
Board Sizing
Rubber
Hot Melts
Cosmetics
Others
Highlights of Table of Contents (TOC):
Overview of Global Paraffin Wax Market
Competitive analysis of the Paraffin Wax market
Regional analysis of Global Paraffin Wax market production and revenue
Regional analysis of Global Paraffin Wax market supply, consumption, and export import
Type-based market analysis of global Paraffin Wax production, revenue, and price trends
Application-based analysis of the global Paraffin Wax market
Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Paraffin Wax market
Global Paraffin Wax market forecast (2022-2030)
Conclusion of the research report
Appendix
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