Global Paraffin Wax Market Size & Outlook, 2022-2030
Global paraffin wax market, 2018-2030 (US$M)
Related Markets
Global paraffin wax market highlights
- The global paraffin wax market generated a revenue of USD 7,931.4 million in 2022 and is expected to reach USD 11,980.0 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5.3% by 2030.
- In terms of segment, candles accounted for a revenue of USD 3,372.2 million in 2022.
- Candles is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 7,931.4 million |
| Market revenue in 2030 | USD 11,980.0 million |
| Growth rate | 5.3% (CAGR from 2022 to 2030) |
| Largest segment | Candles |
| Fastest growing segment | Candles |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Candles, Packaging, Cosmetics, Hotmelts, Board Sizing, Rubber |
Other key industry trends
- In terms of revenue, the North America accounted for 8.2% of the global paraffin wax market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 38.6 million by 2030.
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Paraffin Wax Market Scope
Paraffin Wax Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global paraffin wax market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to paraffin wax market will help companies and investors design strategic landscapes.
Candles was the largest segment with a revenue share of 42.52% in 2022. Horizon Databook has segmented the Global paraffin wax market based on candles, packaging, cosmetics, hotmelts, board sizing, rubber covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Paraffin Wax Application Outlook (Revenue, USD million, 2018-2030)
- Candles
- Packaging
- Cosmetics
- Hotmelts
- Board Sizing
- Rubber
- Others
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Our clientele includes a mix of paraffin wax market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global paraffin wax market , including forecasts for subscribers. This global databook contains high-level insights into Global paraffin wax market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global paraffin wax market size, by regions, 2018-2030 (US$M)
Top 10 countries: Paraffin wax market size, 2022 (US$M)
Global paraffin wax market share, by application, 2022 & 2030 (%, US$M)
Paraffin wax market: Opportunity assessment by country
Global paraffin wax market, by region, 2022 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 638.2 | 649.1 | 586.8 | 613.6 | 650.9 | 660.4 | 679.7 | 703.4 | 729.3 | 762.0 | 797.8 | 832.8 | 869.2 | 3.7% |
| Europe | 1,104.4 | 906.3 | 878.2 | 912.8 | 972.5 | 1,004.1 | 1,043.3 | 1,088.2 | 1,129.2 | 1,179.1 | 1,235.1 | 1,294.0 | 1,355.8 | 4.2% |
| Asia Pacific | 4,669.6 | 5,876.7 | 4,712.2 | 4,992.7 | 5,228.4 | 5,517.4 | 5,836.0 | 6,147.4 | 6,482.3 | 6,836.2 | 7,236.4 | 7,634.9 | 8,177.0 | 5.8% |
| Latin America | 407.5 | 377.4 | 383.1 | 396.0 | 425.2 | 430.7 | 451.3 | 471.9 | 493.0 | 516.7 | 525.6 | 543.0 | 560.4 | 3.5% |
| MEA | 442.6 | 512.1 | 596.5 | 623.2 | 654.5 | 666.8 | 694.5 | 725.9 | 757.1 | 791.6 | 878.6 | 933.9 | 1,017.7 | 5.7% |
| Overall | 7,262.3 | 8,321.6 | 7,156.7 | 7,538.3 | 7,931.4 | 8,279.3 | 8,704.8 | 9,136.8 | 9,590.8 | 10,085.6 | 10,673.4 | 11,238.5 | 11,980.0 | 5.3% |
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