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 deman...