Global Paraffins Market Research Report 2022-2029, allows evaluating the factors influencing the Paraffins market. Analysts analyzed the nature of developments, investments in research and development, changing consumption patterns, and the growing number of applications. Analysts also assessed possible economic changes likely to affect Paraffins markets. This Paraffins market research report is the result of a comprehensive primary and secondary research effort on the Paraffins market. It provides a thorough overview of the market's current and future targets, along with industry competitive analysis broken down by segmentation and regional trends. It also provides a detailed overview of key players' historical and current performance.
Data Bridge Market Research analyses that the paraffin market which was growing at a value of 5.13 billion in 2021 and is expected to reach the value of USD 7.75 billion by 2029, at a CAGR of 5.30% during the forecast period.
Who are the Major Players of Paraffins Market worldwide?
BASF SE (Germany), Clariant (Switzerland), Numaligarh Refinery Limited (India), Trecora Resources (U.S.), Indian Oil Corporation Ltd (IOCL) (India), Goyel Chemical Corporation (India), Nippon Seiro Co., Ltd. (Japan), AVERY DENNISON CORPORATION (U.S.), Marcusoil (U.S.), Mitsui Chemicals, Inc., (Japan), 3M (U.S.), Sika AG (Switzerland), Honeywell International Inc.,(U.S.), Westlake Corporation (U.S.), CPCL (India), Innospec (U.S.), and Others.
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Market Segmentation:
Product Type
- Fully refined
- Semi-refined
- Scales
Type
- Paraffin Wax
- Liquid Paraffins
- Kerosene Paraffins
- Petroleum Jelly Paraffins
Application
- Farming
- Packaging
- Cosmetics
- Building Materials
- PVC
- Rubber
- Tires
- Candles
- Lighting
- Chemicals
- Secondary Alcohols
- Chlorinated Paraffin
- Internal Olefins
- Sulphonates
- Oilfield Chemicals
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North America dominates the paraffin market. Demand for brands is anticipated to increase due to the promising future of air care and aromatherapy, as well as growing consumer awareness of the threats to their health and the environment posed by using aerosol sprays. In addition, consumers are using more scent items due to changing lifestyles, hygiene concerns, and busy work schedules, which is anticipated to increase market size in the upcoming years.
On the other side, Europe is anticipated to experience steady growth as a result of growing consumer knowledge of the synthetic elements found in fragrance items. Furthermore, it is anticipated that throughout the course of the forecast period, consumer preference would change from aerosol fresheners to paraffin due to dangerous aerosol emissions and severe limitations on their use.
Which regions are leading the Paraffins Market?
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Global Paraffins Market Report Crucial Points Which Helps to Give You Better Findings?
- Market Forecast: Estimate the Paraffins market value and sales between 2022-2029.
- Market development: Paraffins market trends, prospects, challenges and risks
- Macroeconomic factors: the impact of the Russo-Ukrainian War and global inflation on Paraffins
- Segment Market Analysis: Evaluate the value and sales volume of the Paraffins market segment for the period 2022-2029.
- Industry Breakdown: Paraffins Markets Status and potential for North America, Asia Pacific, Europe, Latin America, Middle East and Africa.
- Paraffins market research by country: monetary gains and sales volume in each significant country in each regional market.
- Paraffins Market Competition Dynamics and Top Companies: Review sales, price, revenue, gross margin, gross margin, product portfolio and applications of the top players in the market.
- Import and export dynamics: Paraffins Market import and export volumes in key regions.
- Paraffins Industrial Logistics: A study of suppliers, raw materials, manufacturing methods, distributors and end users in the Paraffins
- Paraffins industry policy, regulation, and news analysis.
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