Press release
Paraffin Market to Reach USD 8.54 Bn by 2029, emerging at a CAGR of 4.12 percent and forecast 2023-2029
Paraffin Market
Our comprehensive Paraffin Market report delves into the 2022 base year, exploring its significance as a reference point for real market output. Special attention is given to the profound effects of lockdowns on supply and demand dynamics and their continued impact over the next two years. The report encompasses a strategic analysis of companies that demonstrated resilience during lockdowns and achieved success.
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Paraffin Market Research Methodology:
The report combines primary and secondary data sources to offer a comprehensive analysis of the Paraffin Market. The study scrutinizes all influential factors affecting the market, considering economic fluctuations, regulatory changes, and the impact of lockdowns. A bottom-up approach and multiple data triangulation methodologies are employed to estimate market size and forecasts. Percentage splits, market shares, and segment breakdowns are derived based on utilization rates and average sale prices. Regional analysis is based on the percentage adoption or utilization of the market size in each region or country.
What are Paraffin Market Dynamics:
The Paraffin Market is experiencing transformative dynamics, particularly in candle production. Candles, traditionally a source of light, have evolved into a creative, brand-conscious market, captivating consumers with product shape, design, color, and aroma. In 2022, the EU-28 countries produced approximately 857 kilotons of candles, with a 3.72% increase in candle imports. The United States and nine European countries accounted for 18.51% and 48.54% of total candle imports, respectively, while China and Poland contributed 28.21% and 29.25% of total exports. The growing candle industry is driving steady paraffin demand.
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What is Paraffin Market Segmentation:
by Type
Paraffin Wax
Liquid Paraffin
Kerosene
Petroleum Jelly
by Application
Candles
Packaging
Coatings
Polishing
Hot Melt Adhesive
Tire & Rubber
Cosmetics
Personal Care
Food
Others
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Who are Paraffin Market Key Players:
1. Sinopec Corp.
2. China National Petroleum Corp.
3. HollyFrontier Corp.
4. BP PLC
5. Nippon Seiro Co., Ltd.
6. Baker Hughes
7. Exxon Mobil Corp.
8. Sasol Ltd.
9. International Group Inc.
10. Evonik Industries AG
11. BASF SE
12. Honeywell International Inc.
13. Royal Dutch Shell Plc
14. Mitsui Chemicals
15. Cepsa
16. Eni SPA
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Table of content for the Paraffin Market Includes:
Paraffin Market : Research Methodology
Paraffin Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Paraffin Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Paraffin Market Regional Insights:
Asia Pacific Dominance: In 2022, the Asia Pacific region dominated the Paraffin Market, accounting for over 35% of the global market in terms of revenue. It is poised to be the largest and fastest-growing regional market. This growth can be attributed to increased construction activity worldwide, driving demand for paraffin wax in adhesive applications. Technical advancements have also boosted adhesive demand in the region, further promoting market growth.
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Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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