Liquid Paraffin Market Size, Share, Development by 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Liquid Paraffin market.

Liquid Paraffin (sometimes also called Base Oil，White Mineral Oil，Liquid Paraffin Wax，Normal Paraffin，White Oil etc.) is a transparent, colourless, odourless, or almost odourless, oily liquid composed of saturated hydrocarbons came from petroleum, coal or natural gas etc. It is a complex composition of hydrocarbons and consists mainly of mixtures of straight-chain alkanes.

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Global Liquid Paraffin Market: Forecast by Type / Application / Region

The liquid paraffin industry concentration is not high; there are a large number of manufacturers in the world, top ten players took up 2/3 of the global total market. But, the largest two producers share over 70% in China in the past years.

Many companies usually have several plants; and some plants are close to raw material source, such as China, Qatar, Saudi Arabia, India, Malaysia, etc. There are some international big companies set up factories in Middle East, such as Shell, Sasol, Exxon Mobil, etc. because of the rich oil and gas resources there.

With the technology development of surfactant, many new types (E.g. MES) are replacing the traditional surfactant LBS, which is the end downstream of liquid paraffin. As we know, Sasol acquired the Condea, once the largest producer of liquid paraffin, but closed the paraffin plants with an output of about 200 K MT in Italy in 2007, after two years, Exxon Mobil closed its n- paraffin business. Simultaneously, Shell, Sasol and Exxon Mobil developed their GTL (Gas to liquid) business in Middle East in 2000s. Now, the Middle East becomes a new important market of liquid paraffin and LAB, etc.

The liquid paraffin, especially heavy liquid paraffin in China is mainly used to manufacture chlorinated paraffin 52, although liquid paraffin can be used in cosmetic, food, drugs, additives, solutions, etc.

Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area; the future will still have more new investment enter the field.

Although sales of semiconductor silicon wafer brought a lot of opportunity, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the semiconductor silicon wafer field.

Over the next five years, LPI(LP Information) projects that Liquid Paraffin will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.

Global Liquid Paraffin Market: Key Players
Sasol
Shell
Exxon Mobil
Farabi Petrochem
Savita
Nippon Oil
CEPSA
SEOJIN CHEM
Sonneborn
MORESCO
KDOC
Atlas Setayesh Mehr
Gandhar Oil
FPCC
UNICORN
Sovereign
CNPC
Sinopec
ChemChina
Yitai Petro

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Related Information:
United States Liquid Paraffin Market Research Report 2018
Europe Liquid Paraffin Market Research Report 2018
North America Liquid Paraffin Market Research Report 2018
Asia-Pacific Liquid Paraffin Market Research Report 2018
China Liquid Paraffin Market Research Report 2018
EMEA Liquid Paraffin Market Research Report 2018
Global Liquid Paraffin Market Research Report 2018

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