According to a new market report released by Credence Research Global Paraffin Wax Market– Growth, Future Prospects & Competitive Analysis, 2017– 2025, the global Paraffin Wax Market is projected to increase to US$ 5.4 billion by 2025, with a CAGR of 3.9 percent during the forecast period 2017- 2025 .
Market Insights
The paraffin wax market is projected to grow significantly with increasing demand for candles in key consuming economies during the forecast period. Furthermore, rising manufacturing industries in Asia-Pacific and Europe fuel the demand for packaging products, which are expected to drive the demand for paraffin wax during the forecast. Besides this, rapid growth in disposable income of middle class in developing economies fueling the demand for cosmetic products such as personal care products, creams, lipsticks and others are projected to witness high growth in sales volumes which in turn are expected to pump the growth of the paraffin wax over the forecast period. However, increasing use of alternatives such as Beeswax and others is expected to hamper the growth of global paraffin wax market.
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Competitive Insights:
The global market for paraffin wax is segmented by its application and geography. By application, the candles segment was the dominant segment with the largest share of revenue on the global paraffin wax market in 2016. Growing demand for candles in key consuming economies of Asia-Pacific and Europe is forecasted to drive the segment’s growth over the forecast period (2017-2025). Asia Pacific was projected to be the biggest paraffin wax market in 2016 on a geographical basis. The increase in disposable income of the working class and the rapid growth of the industry in the region are forecasted to stimulate demand for paraffin wax in the region during the predicted period.
Major players in global paraffin wax market are investing in expansion of production capacity, merger and acquisition with focus on increasing market penetration.
Overall, global paraffin wax market is anticipated to register significant growth over the forecast period (2017-2025).
Key Trends:
- Merger & Acquisition
- Production capacity expansion
- Investment in research and development
ToC:
1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global Paraffin Wax Market Snapshot
2.1.1. Global Paraffin Wax Market, by Application, 2016
2.1.2. Global Paraffin Wax Market, by Geography, 2016
2.1.3. Key Players
2.1.4. Drivers, Restrains & Future Prospects
3. Global Paraffin Wax Market Dynamics
3.1. Market Overview
3.1.1. Market Definition
3.1.2. Market Size & Forecast, 2015-2025
3.2. Drivers
3.3. Challenges
3.4. Future Prospects
3.5. Impact Analysis of Drivers and Challenges
3.6. Global Production vs. Consumption Scenario (2011-2014)
3.7. Export Import Scenario of the Key Region (2011-2014)
3.8. Porter’s Five Force Analysis
3.8.1. Bargaining Power Of Suppliers
3.8.2. Bargaining Power Of Buyers
3.8.3. Threat Of Substitutes
3.8.4. Threat Of New Entrants
3.8.5. Industry Rivalry
4. Global Paraffin Wax Market Size & Forecast (Mn Tons) (US$ Mn), By Application, 2015 – 2025
4.1. Overview
4.1.1. Market Share Analysis by Application, 2016 vs. 2025
4.1.2. Attractive Investment Proposition by Application
4.2. Candles
4.3. Packaging
4.4. Adhesives
4.5. Rubber
4.6. Board Sizing
4.7. Cosmetics
4.8. Others
……………………toc continued
Browse the full Global Paraffin Wax Market by Application and Geography – Growth, Future Prospects & Competitive Analysis, 2017 – 2025 report at https://www.credenceresearch.com/report/paraffin-wax-market
Get Sample with more graphs and details for better understanding: https://www.credenceresearch.com/sample-request/58471
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“Paraffin wax is a soft colourless solid, derived from petroleum, coal or shale oil, that consists of a mixture of hydrocarbon molecules containing between twenty and forty carbon atoms. It is solid at room temperature and begins to melt above approximately 37 °C (99 °F); its boiling point is >370 °C (698 °F). Common applications for paraffin wax include lubrication, electrical insulation, and candles; dyed paraffin wax can be made into crayons. It is distinct from kerosene and other petroleum products that are sometimes called paraffin.
Un-dyed, unscented paraffin candles are odorless and bluish-white. Paraffin wax was first created in 1830 in Germany, and marked a major advancement in candlemaking technology, as it burned more cleanly and reliably than tallow candles and was cheaper to produce.
In chemistry, paraffin is used synonymously with alkane, indicating hydrocarbons with the general formula CnH2n+2. The name is derived from Latin parum (“barely”) + affinis, meaning “lacking affinity” or “lacking reactivity”, referring to paraffin’s unreactive nature.-wikipedia“
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