Paraffin Wax Market
Paraffin Wax Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Paraffin Wax Market Size and Growth
The global paraffin wax market research report reveals a steady growth trajectory driven by increasing demand in industries like cosmetics, packaging, and healthcare. The market size is projected to reach $6.5 billion by 2025, with Asia-Pacific emerging as a key market due to expanding manufacturing and consumer goods sectors. Request
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Companies Covered (Covid 19 Impact Covered)
◍ CNPC
◍ Exxon Mobile
◍ Sinopec
◍ Shell
◍ Sasol
◍ LUKOIL
◍ PDVSA
◍ Petrobras
◍ ENI
◍ Cepsa
◍ MOL
◍ Nippon Seiro
◍ IGI
◍ Calumet
◍ Samir
◍ HollyFrontier
◍ Hansen & Rosenthal
The global paraffin wax market is highly competitive with key players including CNPC, Exxon Mobil, Sinopec, Shell, Sasol, LUKOIL, PDVSA, Petrobras, ENI, Cepsa, MOL, Nippon Seiro, IGI, Calumet, Samir, HollyFrontier, and Hansen & Rosenthal. These companies utilize paraffin wax in various industries such as candles, packaging, cosmetics, and pharmaceuticals to drive market growth.
- Exxon Mobil reported sales revenue of $218.61 billion in 2020.
- Shell reported sales revenue of $180.16 billion in 2020.
- Petrobras reported sales revenue of $55.34 billion in 2020.
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Market Segmentation
By Application
◍ Candles
◍ Food
◍ Pyrotechnics
◍ Fiberboard
◍ Other
By Product
◍ Fully Refined Wax
◍ Semi-refined Wax
◍ Others (Food Grade, Ceresine Wax etc.)
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$ X Billion USD
Market Growth
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