Petroleum Wax Market Size, Demand, Scope, Growth, Applications, Types and Forecasts Report 2030

𝐏𝐞𝐭𝐫𝐨𝐥𝐞𝐮𝐦 𝐖𝐚𝐱 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧 𝐀𝐥𝐠𝐞𝐫𝐢𝐚, 𝐆𝐡𝐚𝐧𝐚, 𝐍𝐢𝐠𝐞𝐫𝐢𝐚, 𝐚𝐧𝐝 𝐈𝐯𝐨𝐫𝐲 𝐂𝐨𝐚𝐬𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

The petroleum wax market in Algeria, Ghana, Nigeria, and Ivory Coast was valued at ~US$ 71 Mn in 2019 and is anticipated to expand at a CAGR of ~5% during the forecast period. Among types, the petroleum jelly segment held a dominant share of the petroleum wax market in Algeria, Ghana, Nigeria, and Ivory Coast in 2019, primarily due to high demand from industries such as cosmetics and pharmaceutical.

Among applications, the cosmetics segment constituted a significant share of the petroleum wax market in Algeria, Ghana, Nigeria, and Ivory Coast in 2019, owing to rise in the disposable income and changing buying pattern of consumers in these countries. The petroleum wax market in Nigeria is likely to expand at a substantial pace during the forecast period, owing to significant investments in the cosmetics & personal care industry in the country.

𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.transparencymarketresearch.com/algeria-ghana-nigeria-and-ivory-coast-petroleum-wax-market.html 

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

The petroleum wax market is led by multinational players operating across the globe. Prominent players operating in the petroleum wax market in Algeria, Ghana, Nigeria, and Ivory Coast are Sonneborn LLC. Sasol, Kerax Limited, Exxon Mobil Corporation, Honeywell International Inc., Orbichem, H&R GROUP, RDR Energy, ZA PETROCHEM (PTY) LTD, and Brenntag Asia Pacific Pte Ltd.

𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐨𝐟 𝐏𝐞𝐭𝐫𝐨𝐥𝐞𝐮𝐦 𝐖𝐚𝐱 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧 𝐀𝐥𝐠𝐞𝐫𝐢𝐚, 𝐆𝐡𝐚𝐧𝐚, 𝐍𝐢𝐠𝐞𝐫𝐢𝐚, 𝐚𝐧𝐝 𝐈𝐯𝐨𝐫𝐲 𝐂𝐨𝐚𝐬𝐭

Petroleum wax is an excellent anti-rusting agent and water repellant. These properties of petroleum wax make it useful in various industries such as marine, leather, telecommunications, packaging, and metalworking. Petroleum wax is used for applications wherein rusting or water can cause severe damage to equipment as well as operations. Petroleum wax is used in the treatment of pain in the hands, the feet, the joints, and the muscles.

In this treatment, warm oil-based wax is employed to obtain relief from pain. It provides relaxation to stiff muscles; relaxes chronic joints; and improves blood circulation. This treatment helps patients with bursitis, arthritis, and other chronic pain. Furthermore, petroleum wax is employed in various drugs, creams, and ointments for lubrication. Due to these benefits, petroleum wax witnesses high demand from the pharmaceutical industry.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77359 

𝐍𝐢𝐠𝐞𝐫𝐢𝐚 𝐭𝐨 𝐋𝐞𝐚𝐝 𝐏𝐞𝐭𝐫𝐨𝐥𝐞𝐮𝐦 𝐖𝐚𝐱 𝐌𝐚𝐫𝐤𝐞𝐭

Nigeria dominated the Algeria, Ghana, Nigeria, and Ivory Coast petroleum wax market in 2019, owing to growth in industrialization and rise in the disposable income of consumers in the country. Demand for petroleum wax is expected to be high in the country during the forecast period also. The petroleum wax market in Ivory Coast is estimated to expand considerably during the forecast period, led by significant development of infrastructure related to oil and gas refineries in the country.

𝐌𝐚𝐣𝐨𝐫 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐏𝐞𝐭𝐫𝐨𝐥𝐞𝐮𝐦 𝐖𝐚𝐱 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧 𝐀𝐥𝐠𝐞𝐫𝐢𝐚, 𝐆𝐡𝐚𝐧𝐚, 𝐍𝐢𝐠𝐞𝐫𝐢𝐚, 𝐚𝐧𝐝 𝐈𝐯𝐨𝐫𝐲 𝐂𝐨𝐚𝐬𝐭

In January 2019, Brenntag AG acquired Chemgrit Cosmetics (Pty) Ltd., an independent distributor of specialty chemicals based in South Africa with its focus on personal care and cleaning industries. The deal was valued at US$ 5.9 Mn. Furthermore, in March 2017, Exxon Mobil Corporation introduced a new product under the petroleum wax category. This semi-refined petroleum wax was called Waxrex 1280.

𝐆𝐞𝐭 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐛𝐮𝐲𝐢𝐧𝐠: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=77359 

𝐏𝐞𝐭𝐫𝐨𝐥𝐞𝐮𝐦 𝐖𝐚𝐱 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧 𝐀𝐥𝐠𝐞𝐫𝐢𝐚, 𝐆𝐡𝐚𝐧𝐚, 𝐍𝐢𝐠𝐞𝐫𝐢𝐚, 𝐚𝐧𝐝 𝐈𝐯𝐨𝐫𝐲 𝐂𝐨𝐚𝐬𝐭: 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

𝐏𝐞𝐭𝐫𝐨𝐥𝐞𝐮𝐦 𝐖𝐚𝐱 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐓𝐲𝐩𝐞

Paraffin Wax

Microcrystalline Wax

Petroleum Jelly

𝐏𝐞𝐭𝐫𝐨𝐥𝐞𝐮𝐦 𝐖𝐚𝐱 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Candles

Packaging

Cardboard Coating

Cosmetics

Others (including Food, Ink, and Rubber)

𝐂𝐥𝐢𝐜𝐤 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=77359 

𝐏𝐞𝐭𝐫𝐨𝐥𝐞𝐮𝐦 𝐖𝐚𝐱 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐂𝐨𝐮𝐧𝐭𝐫𝐲

Algeria

Ghana

Ivory Coast

Nigeria

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
𝐑𝐨𝐡𝐢𝐭 𝐁𝐡𝐢𝐬𝐞𝐲
Transparency Market Research Inc.
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