Brand Story
24 Nov 2022, 07:45 GMT+10
The global paraffin market is estimated to secure a market value of US$ 9.4 Billion by 2032 while expanding at a CAGR of 4.4%. The market valued US$ 5.9 Billion in 2021. The industry is anticipated to garner US$ 5.9 Billion in 2021.
The growth of the market can be attributed to the expansion of key end use industries, such as the paperboard and packaging sector, and personal beauty care, among others. Demand from the food industry for surface protection is projected to be another factor driving the industry growth in the forecast period.
Furthermore, expanding candle industry is predicted to propel the market. Yankee Candle Company launched a Sunday Brunch Candle collection. The candle was launched in various fragrances such as; vanilla, honey lavender, and others.
Such initiatives are anticipated to boost the demand for Paraffin and propel the industry growth in the forecast period. In addition, rising demand for personal care products, principally in developing countries, like India, South Korea, and others are predicted to drive the market in the forecast period.
Get a Sample Copy of the Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-14757
Rapid urbanization and the surging number of working women are other important factors contributing to the surged demand for paraffin in the forecast period.
Key Takeaways from the Global Paraffin Market:
"Rapid growth of personal and beauty care sector, owing to the increasing disposable income and swift development of paper board and packaging industry is expected to play a significant role in driving the global market for paraffin in the forecast period."
Competition Analysis
Key players in the global paraffin market include Exxon Mobil Corporation, Sasol, LANXESS, China Petroleum & Chemical Corporation, and ENEOS Corporation.
Recent key developments in the market are as follows:
Use promo code ->> FMITODAY to get flat 20% discount
Key Segments Profiled in the Global Paraffins Market
Paraffins Market by Type:
Paraffins Market by Application:
Paraffins Market by Region:
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global paraffin market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
Request for Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-14757
The study reveals essential insights on the basis of type (paraffin wax, liquid paraffin, kerosene, petroleum jelly) and application (cosmetics and personal care, paperboard and packaging, fuel, rubber, lubricants, other applications), across five major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa)
Explore FMI's Extensive ongoing Coverage on Chemicals & Materials Domain
Hot Melt Adhesives Market: Global demand for hot melt adhesives is expected to register a CAGR of 5.3% by accumulating a market value of US$ 12,675.5 Million. As of 2022, the market is expected to be valued at US$ 7,562.9 Million.
Iron Oxide Market: The global iron oxide market size is estimated to be valued at around US$ 2,525.85 Mn in 2022. Sales of iron oxide are projected to increase at a healthy CAGR of 4.1% from 2022 to 2032.
Pearlescent Pigment Market: The global pearlescent pigment market to reach a valuation of US$ 3,601.70 Mn by the end of 2022. Sales prospects in the pearlescent pigment is anticipated to witness a steady growth at 4.0% CAGR, surpassing US$ 5,331.4 Mn by 2032.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: [email protected]
Report: https://www.futuremarketinsights.com/reports/paraffins-market
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
The post Paraffins Market Size To Reach USD 9.4 Billion By 2032 | New Opportunities Planning By Future Market Insights.Inc appeared first on Future Market Insights.
This content is published on behalf of the above source. Please contact them directly for any concern related to the above.
This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Get a daily dose of Pittsburgh Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Pittsburgh Star.
More Information]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
Washington DC [US], June 29 (ANI): Fans of iconic singer-songwriter Paul Simon were left disappointed after the artist cancelled his...
(250626) -- NEW YORK, June 26, 2025 (Xinhua) -- Khaman Maluach (R) poses for a photo with NBA commissioner Adam Silver after being...
In reality, China, as the second-largest source of U.S. imports, supplies high-quality, competitively priced goods that have helped...
WASHINGTON, 7th June, 2025 (WAM) -- The United States recorded 122 new measles cases this week, with only four reported in Texas. Health...
WASHINGTON, 27th May, 2025 (WAM) -- Two people were killed and nine others, including three teenagers, injured in a shooting at Philadelphia's...
EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...