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Paraffin Wax Industry Global Developing Trends Forecasted till 2025

Increasing demand for paraffin waxes in flexible packaging, candle manufacturing, rubber, and cosmetics is expected to aid in market expansion over the next nine years. Rising consumption of these products as a rheology modifier, electrical insulator, friction reducer, plasticizer, and flame retardant is expected to increase market size over the forecast period.

The Global Paraffin Wax Market is expected to reach USD 7.27 billion by 2025, according to a new report published by Grand View Research, Inc.


Paraffin waxes are used in flexible packaging as they provide an excellent barrier against odor and gas transmission. The growing food & beverage sector in developing countries including China, Japan, India, South Korea, South Africa, and Brazil is expected to stimulate packaging growth, which in turn will drive product demand over the upcoming years.

The global industry demand was 3,461.8 kilo tons in 2015 and is expected to grow substantially on account of increasing demand for home fragrance products in countries including China, the UK, India, and the U.S. Cosmetic application segment is projected to show volume grow at a CAGR of 4.2% from 2016 to 2025. Increasing usage of these products as body moisturizers in dermatology is likely to fuel growth.

To Know More About Paraffin Wax Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/paraffin-wax-market

Rising demand for creams, lipsticks, ointments, and personal care products is expected to drive industry growth. Developing personal care industry in countries including the U.S., India, France, China, Brazil, Argentina, Russia, Indonesia, South Africa, Thailand, Saudi Arabia, and UAE is further expected to create growth opportunities for the product over the upcoming years.

Top Players of Paraffin Wax Market:

Key players include ExxonMobil, PetroChina Company Limited, Sinopec, International Group Inc., Repsol, IOCL, and Sasol.

Market Segmentation of Paraffin Wax Market:

The Global Paraffin Wax Market segmented on the basis of Application and Region.

By Application:

    Candles
    Packaging
    Cosmetics
    Hotmelts
    Board Sizing
    Rubber

By Region:

    North America
    Europe
    Asia Pacific
    Central & South America
    MEA

Inquire about Paraffin Wax Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1440
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