Precise Growth of Paraffin Market Impact of Existing and Emerging Flexible Trends and Top Key Players (Sasol, Shell, ExxonMobil, Farabi Petrochem, Savita, Nippon Oil) | Future Outlook 2020-2024

The report covers a forecast and an analysis of the Paraffin Market on a global and regional level. The study provides historical data for 2015, 2016, and 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million) and volume (Kilotons). The study includes drivers and restraints of the Paraffin Market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Paraffin Market on a global level.

Global Paraffin Market Overview:

This report studies the Global Paraffin Market over the forecast period of 2020 to 2024. The Global Paraffin Market is expected to grow at an impressive Compound Annual Growth Rate (CAGR) from 2020 to 2024.

As per market report analysis, increasing demand for building materials is expected to drive the paraffin market. Building and construction industry is growing at a faster rate owing to increasing construction activities in developing countries. Changing lifestyle and rise in disposable income of consumers present in developing economies are expected to fuel paraffin consumption in cosmetic applications. However, crude oil price volatility and development of bio-based products are expected to hinder the market growth.

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The Global Paraffin Market is segmented on the basis of Type, Application and Region. Paraffin market is cover distinctive segment market estimate, both volume and value, also cover diverse businesses customers' data, which is imperative for the makers.

Based on the Type, the Global Paraffin Market is sub-segmented into Fully Refined Paraffin, Semi-refined Paraffin, Crude Paraffin and others. On the basis of Application, the Global Paraffin Market is classified into LAB, Chlorinated Paraffin and others.

In terms of the geographic analysis, The Paraffin Market in North America is expected to grow at the highest CAGR during the forecast period. Moreover, the presence of major players in the Paraffin Market ecosystem results in the increasing adoption of these systems in North America.

Global Business News:

Sasol (December 02, 2019) - Haldor Topsoe and Sasol Unite to offer Customers Single-Point Licenses for Proven Gas-To-Liquids Solutions - Today, Topsoe and Sasol announced that they have entered into a collaboration agreement to jointly license their GTL technologies. For many years, the two companies have worked together on numerous GTL projects and technologies, and Topsoe's SynCOR(TM) technologies and Sasol's Fischer-Tropsch technologies have been licensed into several world-scale GTL ventures.

Under the collaboration agreement, the companies will continue to offer these core technologies and will now also provide Topsoe's hydroprocessing and hydrogen technologies. This gives potential customers access to a single-point licensing offering that covers the entire value chain from gas feed to liquid fuels. As single-point licensors, Sasol and Topsoe will offer customers all necessary technology licenses for a complete GTL solution and in addition provide basic engineering, catalysts, and hardware.

TechnipFMC has been pre-approved to provide licensor engineering support and carry out front-end engineering design, detailed design, procurement, and construction. TechnipFMC was the engineering, procurement and construction (EPC) contractor for the Oryx GTL facility in Qatar and has performed a number of front-end engineering designs for GTL facilities, including the Uzbekistan GTL.

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Top Leading Key in Players Global Paraffin Market: Sasol, Shell, ExxonMobil, Farabi Petrochem, Savita, Nippon Oil, CEPSA, SEOJIN CHEM, Sonneborn, MORESCO, KDOC, Atlas Setayesh Mehr, Gandhar Oil, FPCC, UNICORN, Sovereign, CNPC, Sinopec, ChemChina, Yitai Petro and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.

With the presence of a large pool of participants, the Global Paraffin Market is displaying a highly competitive business landscape, finds a new research report by Business Industry Reports (BIR). Sasol, Shell, ExxonMobil, Farabi Petrochem, Savita, Nippon Oil, CEPSA, SEOJIN CHEM, Sonneborn, MORESCO, KDOC, Atlas Setayesh Mehr, Gandhar Oil, FPCC, UNICORN, Sovereign, CNPC, Sinopec, ChemChina, Yitai Petro are some of the key vendors of Paraffin across the world. These players across Paraffin Market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products.

Region segment: Paraffin Market report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Paraffin in these regions, from 2013 to 2024 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America

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Major Points in Table of Contents:

Global Paraffin Market Report 2020

1 Paraffin Product Definition

2 Global Paraffin Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Paraffin Shipments

2.2 Global Manufacturer Paraffin Business Revenue

2.3 Global Paraffin Market Overview

3 Manufacturer Paraffin Business Introduction

3.1 Sasol Paraffin Business Introduction

3.2 Shell Paraffin Business Introduction

3.3 ExxonMobil Paraffin Business Introduction

3.4 Farabi Petrochem Paraffin Business Introduction

3.5 Savita Paraffin Business Introduction

3.6 Nippon Oil Paraffin Business Introduction

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