Synthetic Paraffin Wax market was valued at US$ 6252 million in 2022 and is anticipated to reach US$ 8367.2 million by 2029, witnessing a CAGR of 4.2%

Synthetic Paraffin Wax Market Size

The global Synthetic Paraffin Wax market was valued at US$ 6252 million in 2022 and is anticipated to reach US$ 8367.2 million by 2029, witnessing a CAGR of 4.2% during the forecast period 2023-2029.

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Synthetic Paraffin Wax Market Share

Global Synthetic Paraffin Wax key players include CNPC, Exxon Mobile, Sinopec, etc. Global top three manufacturers hold a share about 50%.
Asia-Pacific is the largest market, with a share about 35%, followed by Americas and Europe, both have a share about 55 percent.

In terms of product, Fully Refined Wax is the largest segment, with a share about 45%. And in terms of application, the largest application is Candles, followed by Food.

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By Type
• Fully Refined Wax
• Semi Refined Wax
• Others

By Application
• Candles
• Food
• Pyrotechnics
• Fiberboard
• Other Industries (rubber, hammock cloth etc.)

Key Players:
CNPC, Exxon Mobile, Sinopec, Shell, Sasol, LUKOIL, PDVSA, Petrobras, ENI, Cepsa, MOL, Nippon Seiro, IGI, Calumet, Samir, HollyFrontier, Hansen & Rosenthal

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