Global Synthetic Paraffin Wax Market Growth 2023-2029

Global Synthetic Paraffin Wax Market Growth 2023-2029

Product Code:455660

Published Date: Feb 08,2023

Pages: 111

Region: Global

Category: Chemical & Material

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Synthetic Paraffin Wax is a white or colorless soft solid derivable from petroleum, coal or oil shale that consists of a mixture of hydrocarbon molecules containing between twenty and forty carbon atoms.

LPI (LP Information)' newest research report, the “Synthetic Paraffin Wax Industry Forecast” looks at past sales and reviews total world Synthetic Paraffin Wax sales in 2022, providing a comprehensive analysis by region and market sector of projected Synthetic Paraffin Wax sales for 2023 through 2029. With Synthetic Paraffin Wax sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Synthetic Paraffin Wax industry.

This Insight Report provides a comprehensive analysis of the global Synthetic Paraffin Wax landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Synthetic Paraffin Wax portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Synthetic Paraffin Wax market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Synthetic Paraffin Wax and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Synthetic Paraffin Wax.

The global Synthetic Paraffin Wax market size is projected to grow from US$ 6116 million in 2022 to US$ 8243.6 million in 2029; it is expected to grow at a CAGR of 8243.6 from 2023 to 2029.

Global Synthetic Paraffin Wax key players include CNPC, Exxon Mobile, Sinopec, etc. Global top three manufacturers hold a share about 50%.

Asia-Pacific is the largest market, with a share about 35%, followed by Americas and Europe, both have a share about 55 percent. 
In terms of product, Fully Refined Wax is the largest segment, with a share about 45%. And in terms of application, the largest application is Candles, followed by Food.

This report presents a comprehensive overview, market shares, and growth opportunities of Synthetic Paraffin Wax market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Fully Refined Wax
    Semi Refined Wax
    Others

Segmentation by application
    Candles
    Food
    Pyrotechnics
    Fiberboard
    Other Industries (rubber, hammock cloth etc.)

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    CNPC
    Exxon Mobile
    Sinopec
    Shell
    Sasol
    LUKOIL
    PDVSA
    Petrobras
    ENI
    Cepsa
    MOL
    Nippon Seiro
    IGI
    Calumet
    Samir
    HollyFrontier
    Hansen & Rosenthal

Key Questions Addressed in this Report
What is the 10-year outlook for the global Synthetic Paraffin Wax market?
What factors are driving Synthetic Paraffin Wax market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Synthetic Paraffin Wax market opportunities vary by end market size?
How does Synthetic Paraffin Wax break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?