Published by mark itwired
Posted on September 7, 2021
The paraffin wax market is pegged at a steady CAGR of approximately 4.8% through the forecast period (2019-2029). The market is projected to receive impetus from aromatherapy and packaging applications through 2029. Growing sentience among consumers for home ambience is expanding the paraffin wax market. Moreover, role of paraffin wax in cosmetic industry is contributing to steady demand.
Premier companies must form joint ventures with other industry leaders to expand their wax production capacity in high-growth regions for solidifying their place in global paraffin wax market.
Visit For Sample>>https://www.futuremarketinsights.com/reports/sample/rep-gb-11138
China and India are leading growth contributors in Asia Pacific paraffin wax market in terms of production and consumption. Escalating demand for cosmetic products in the region is bolstering the paraffin wax market. On that premise, Asia Pacific accounts for approximately 39.5% revenue share in paraffin wax market. The trend is projected to continue over the forecast period.
Thriving pharmaceutical, cosmetic, packaged food & beverages industries are creating stream of opportunities for paraffin wax manufacturers in developed countries. North America, particularly United States will contribute substantially to regional market growth. Moreover, the market is receiving tailwinds from heightened demand for fragrance products.
Major players profiled in this study include, but are not limited to, Venezuela National Oil Company, Royal Dutch Shell Plc, Sasol Wax, CNPC (Sinopec), Petrobras, Marathon Oil Corporation, Naftowax, Big West Oil LLC, Petro Canada Lubricants, Nippon Siero Co, and Cepsa Company. Key stakeholders continue to opt for joint ventures to bolster their credibility in paraffin wax market.
For instance, SINOPEC created a joint venture with NOVATEK and Gazprombank (2019) to market natural gas and Liquid Natural Gas (LNG) in China. Besides, capacity expansion activities by key players is underpinning the growth of paraffin wax market. However, stringent environmental regulations will present significant hurdles for prominent manufacturers.
FMI’s study offers an in-depth market forecast and analysis on the global paraffin wax market. The major categories encompassed by the report include type (fully-refined wax and semi-refined wax), application (rubber, board sizing, hot melts, cosmetics, packaging, and candles) across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).
The key players in paraffin wax market include, CNPC (Sinopec), Royal Dutch Shell Plc, Sasol Wax, Venezuela National Oil Company, Petrobras, Petro Canada Lubricants, Marathon Oil Corporation, Cepsa Company, Big West Oil LLC, Naftowax, and, Nippon Siero Co. Major players continue to bank on expanding their wax production capacity to maintain prominence.
For instance, companies such as PetroChina, Sinopec, and ExxonMobil are focusing their efforts towards expanding their base oil plants. Moreover, they will continue to innovate new wax production technologies through 2029. Deoiling wax production technology in particular is a significant area of research. In addition, industry leaders will accelerate oil exploration and production activities through the duration of forecast period.
The global paraffin wax market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
Type
Application
Region
The post Paraffin Wax Market to Suffer Slight Decline in 2021, Efforts to Mitigate Coronavirus-related Disruptions Ramp Up first appeared on Market Research Blog.
The paraffin wax market is pegged at a steady CAGR of approximately 4.8% through the forecast period (2019-2029). The market is projected to receive impetus from aromatherapy and packaging applications through 2029. Growing sentience among consumers for home ambience is expanding the paraffin wax market. Moreover, role of paraffin wax in cosmetic industry is contributing to steady demand.
Premier companies must form joint ventures with other industry leaders to expand their wax production capacity in high-growth regions for solidifying their place in global paraffin wax market.
Visit For Sample>>https://www.futuremarketinsights.com/reports/sample/rep-gb-11138
China and India are leading growth contributors in Asia Pacific paraffin wax market in terms of production and consumption. Escalating demand for cosmetic products in the region is bolstering the paraffin wax market. On that premise, Asia Pacific accounts for approximately 39.5% revenue share in paraffin wax market. The trend is projected to continue over the forecast period.
Thriving pharmaceutical, cosmetic, packaged food & beverages industries are creating stream of opportunities for paraffin wax manufacturers in developed countries. North America, particularly United States will contribute substantially to regional market growth. Moreover, the market is receiving tailwinds from heightened demand for fragrance products.
Major players profiled in this study include, but are not limited to, Venezuela National Oil Company, Royal Dutch Shell Plc, Sasol Wax, CNPC (Sinopec), Petrobras, Marathon Oil Corporation, Naftowax, Big West Oil LLC, Petro Canada Lubricants, Nippon Siero Co, and Cepsa Company. Key stakeholders continue to opt for joint ventures to bolster their credibility in paraffin wax market.
For instance, SINOPEC created a joint venture with NOVATEK and Gazprombank (2019) to market natural gas and Liquid Natural Gas (LNG) in China. Besides, capacity expansion activities by key players is underpinning the growth of paraffin wax market. However, stringent environmental regulations will present significant hurdles for prominent manufacturers.
FMI’s study offers an in-depth market forecast and analysis on the global paraffin wax market. The major categories encompassed by the report include type (fully-refined wax and semi-refined wax), application (rubber, board sizing, hot melts, cosmetics, packaging, and candles) across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).
The key players in paraffin wax market include, CNPC (Sinopec), Royal Dutch Shell Plc, Sasol Wax, Venezuela National Oil Company, Petrobras, Petro Canada Lubricants, Marathon Oil Corporation, Cepsa Company, Big West Oil LLC, Naftowax, and, Nippon Siero Co. Major players continue to bank on expanding their wax production capacity to maintain prominence.
For instance, companies such as PetroChina, Sinopec, and ExxonMobil are focusing their efforts towards expanding their base oil plants. Moreover, they will continue to innovate new wax production technologies through 2029. Deoiling wax production technology in particular is a significant area of research. In addition, industry leaders will accelerate oil exploration and production activities through the duration of forecast period.
The global paraffin wax market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
Type
Application
Region
The post Paraffin Wax Market to Suffer Slight Decline in 2021, Efforts to Mitigate Coronavirus-related Disruptions Ramp Up first appeared on Market Research Blog.
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