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Global Paraffin Wax Market 2017-2021

About Paraffin Wax

Wax is an organic compound with water resistance and malleability. It is soft under normal temperature and turns into a liquid with low viscosity when heated. The chemical nature of the compound is complex. It is used in various industries such as candles, packaging, rubber, cosmetics, and adhesives. Paraffin wax is a petroleum derivative and contains a mixture of different hydrocarbons, especially solid alkanes. Liquid paraffin is used in cosmetics and medicines. It is unreactive like all other alkanes.

Technavio’s analysts forecast the global paraffin wax market to grow at a CAGR of 3.93% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global paraffin wax market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
  • ROW
Technavio's report, Global Paraffin Wax Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ExxonMobil
  • China Petrochemical Corporation’
  • PetroChina International
  • SASOL
  • Shell International
Other prominent vendors
  • AromaChimie
  • Blended Waxes
  • Calumet Specialty Products Partners
  • CEPSA
  • CHEMACT(LIAONING) PETROCHEMICALS
  • Ergon
  • Fushun NingYuan Peterochemicals
  • H&R Group
  • Indian Oil Corporation
  • International Group
  • JSC MINERAL WAX PLANT
  • Marcus Oil & Chemical
  • Nippon Seiro
  • PersiaParaffin
  • Petrobras
Market driver
  • Increasing market growth
  • For a full, detailed list, view our report
Market challenge
  • Shifting demand for natural wax
  • For a full, detailed list, view our report
Market trend
  • Use of paraffin wax in tarpaulin
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Paraffin Wax Market 2017-2021

Technavio recognizes the following companies as the key players in the global paraffin wax market: ExxonMobil, China Petrochemical Corporation, PetroChina International, SASOL, and Shell International.

Other Prominent Vendors in the market are: AromaChimie, Blended Waxes, Calumet Specialty Products Partners, CEPSA, CHEMACT(LIAONING) PETROCHEMICALS, Ergon, Fushun NingYuan Peterochemicals, H&R Group, Indian Oil Corporation, International Group, JSC MINERAL WAX PLANT, arcus Oil & Chemical, Nippon Seiro, PersiaParaffin, and Petrobras.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is use of paraffin wax in tarpaulin. Currently, paraffin wax is popularly used to manufacture waterproof tarpaulin. These tarpaulins have the advantages of waterproofing, durability, and cost-effectiveness. Tarpaulins are widely used for either protecting or covering agricultural crops and vehicles.”

According to the report, one driver in the market is increasing market growth. Candle manufacturing is a multibillion-dollar market. During the holiday season, more than one-third of the candle sales take place. Candles come in all sorts of shapes, sizes, colors, and scents. They are primarily used as household items as well as gift items. They are available as pillar candles, floating candles, votive candles, and gel candles. Votive candles, which are generally used for prayers, have the largest market share. The candle market is experiencing an increasing demand based on the popularity of aromatherapy and home fragrance products. Consumers are also using candles for fragrance and as fragrance diffusers.

Further, the report states that one challenge in the market is shifting demand for natural wax. Renewable alternatives to paraffin wax are trending in the market. The high prices of paraffin wax, growing consumer preference for greener products, and the supply decline for petroleum wax are some of the factors that are driving end users toward natural wax. Candle manufacturing companies, which occupy the largest share in the wax market, are also shifting from petroleum-based wax to vegetable feedstock such as soybean oil and palm oil.

Companies Mentioned

ExxonMobil, China Petrochemical Corporation, PetroChina International, SASOL, Shell International, AromaChimie, Blended Waxes, Calumet Specialty Products Partners, CEPSA, CHEMACT(LIAONING) PETROCHEMICALS, Ergon, Fushun NingYuan Peterochemicals, H&R Group, Indian Oil Corporation, International Group, JSC MINERAL WAX PLANT, arcus Oil & Chemical, Nippon Seiro, PersiaParaffin, and Petrobras.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Segmentation of global wax market by product
      • Table Segmentation of global wax market by type
      • Table Paraffin production process from crude oil
      • Table Advantages and disadvantages of paraffin wax
  • Market landscape
    • Market size and forecast
      • Table Global paraffin wax market 2016 and 2021 ($ millions)
      • Table Market forecast: Global paraffin wax market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Overview: Global paraffin wax market by application
      • Table Global paraffin wax market by application 2016
      • Table Global paraffin wax market by application 2021
    • Global paraffin wax market for candle segment
      • Table Global paraffin wax market for candle segment 2016 and 2021 ($ millions)
      • Table Market forecast: Global paraffin wax market for candle segment 2016-2021
    • Global paraffin wax market for packaging segment
      • Table Global paraffin wax market for packaging segment 2016 and 2021 ($ millions)
      • Table Market forecast: Global paraffin wax market for packaging segment 2016-2021
    • Global paraffin wax market for board sizing segment
      • Table Global paraffin wax market for board sizing segment 2016 and 2021 ($ millions)
      • Table Market forecast: Global paraffin wax market for board sizing segment 2016-2021
    • Global paraffin wax market for rubber segment
      • Table Global paraffin wax market for rubber segment 2016 and 2021 ($ millions)
      • Table Market forecast: Global paraffin wax market for rubber segment 2016-2021
    • Global paraffin wax market for hotmelts segment
      • Table Global paraffin wax market for hotmelts segment 2016 and 2021 ($ millions)
      • Table Market forecast: Global paraffin wax market for hotmelts segment 2016-2021
    • Global paraffin wax market for cosmetics segment
      • Table Global paraffin wax market for cosmetics segment 2016 and 2021 ($ millions)
      • Table Market forecast: Global paraffin wax market for cosmetics segment 2016-2021
    • Global paraffin wax market for others segment
      • Table Global paraffin wax market for others segment 2016 and 2021 ($ millions)
      • Table Market forecast: Global paraffin wax market for others segment 2016-2021
  • Geographical segmentation
    • Overview: Global paraffin wax market by geography
      • Table Global paraffin wax market by geography 2016
      • Table Global paraffin wax market by geography 2021
      • Table Market forecast: Global paraffin wax market by geography 2016 and 2021
    • Paraffin wax market in APAC
      • Table Paraffin wax market in APAC 2016 and 2021 ($ millions)
      • Table Market forecast: Paraffin wax market in APAC 2016-2021
    • Paraffin wax market in Americas
      • Table Paraffin wax market in Americas 2016 and 2021 ($ millions)
      • Table Market forecast: Paraffin wax market in Americas 2016-2021
    • Paraffin wax market in Europe
      • Table Paraffin wax market in Europe 2016 and 2021 ($ millions)
      • Table Market forecast: Paraffin wax market in Europe 2016-2021
    • Paraffin wax market in ROW
      • Table Paraffin wax market in ROW 2016 and 2021 ($ millions)
      • Table Market forecast: Paraffin wax market in ROW 2016-2021
  • Decisio n framework
  • Drivers and challenges
    • Market drivers
      • Table Cosmetics using paraffin as a key ingredient and benefits
    • Market challenges
      • Table Comparison between paraffin wax and natural wax
  • Market trends
    • Use of paraffin wax in tarpaulin
    • Expansion of production capacity
    • Decreasing oil production capacities in Europe
  • Vendor landscape
    • Competitive scenario
      • Table Major players in the market
    • Other prominent vendors
  • Key vendor analysis
    • PetroChina International
      • Table PetroChina International.: Business segmentation by revenue 2016
      • Table PetroChina International: Geographical segmentation by revenue 2016
      • Table PetroChina International: Business segmentation by type
    • China Petrochemical Corporation
      • Table China Petrochemical Corporation: Business segmentation by revenue 2016
      • Table China Petrochemical Corporation: Geographical segmentation by revenue 2016
      • Table China Petrochemical Corporation: Business segmentation by product and servicetype
      • Table China Petrochemical Corporation: Recent developments
    • SASOL
      • Table SASOL: Business segmentation by revenue 2016
      • Table SASOL: Geographical segmentation by revenue 2016
      • Table SASOL: Business segmentation by product and service type
    • Shell International
      • Table Shell International: Business segmentation by revenue 2016
      • Table Shell International: Geographical segmentation by revenue 2016
      • Table Shell International: Business segmentation by end user
    • ExxonMobil
      • Table ExxonMobil: Business segmentation by revenue 2016
      • Table ExxonMobil: Geographical segmentation by revenue 2016
      • Table ExxonMobil: Business segmentation by type
  • Appendix
    • List of abbreviations
  • Explore Technavio

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