Brazil Paraffin Wax Market Size & Outlook, 2022-2030
Brazil paraffin wax market, 2018-2030 (US$M)
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Brazil paraffin wax market highlights
- The Brazil paraffin wax market generated a revenue of USD 242.8 million in 2022 and is expected to reach USD 320.0 million by 2030.
- The Brazil market is expected to grow at a CAGR of 3.5% from 2023 to 2030.
- In terms of segment, candles was the largest revenue generating application in 2022.
- Candles is the most lucrative application segment registering the fastest growth during the forecast period.
Paraffin wax market data book summary
| Market revenue in 2022 | USD 242.8 million |
| Market revenue in 2030 | USD 320.0 million |
| Growth rate | 3.5% (CAGR from 2022 to 2030) |
| Largest segment | Candles |
| Fastest growing segment | Candles |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Candles, Packaging, Cosmetics, Hotmelts, Board Sizing, Rubber |
| Key market players worldwide | PetroChina Co Ltd Class H, China Petroleum & Chemical Corp Class H, Sasol Ltd, Exxon Mobil Corp, Petroleo Brasileiro SA Petrobras ADR, Nippon Gas Co Ltd ADR, Repsol SA, Sinclair Inc Ordinary Shares - Class A, Honeywell International Inc, Origin Energy Ltd, Calumet Specialty Products Partners LP, Eni SpA |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.1% of the global paraffin wax market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil paraffin wax market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 320.0 million by 2030.
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Paraffin Wax Market Scope
Paraffin Wax Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 41.1% in 2022. Horizon Databook has segmented the Brazil paraffin wax market based on candles, packaging, cosmetics, hotmelts, board sizing, rubber covering the revenue growth of each sub-segment from 2018 to 2030.
The country has highest consumption of paraffin wax in candle manufacturing for its functional use and religious purpose. Among other applications, Brazil is expected to exhibit increasing demand in packaging and cosmetics sector. The country is witnessing considerable growth in food and beverages sector with regulatory support and implementation of Economic Stabilization Program at domestic level.
Demand of personal care products in Brazil is increasing with increasing use of beauty care and cosmetics products by working women. Increasing standard of living, rising per capita income and revival of country’s economy is likely to contribute in growth of paraffin wax in near future.
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Target buyers of Brazil paraffin wax market databook
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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 country-level data and insights on the Brazil paraffin wax market , including forecasts for subscribers. This country databook contains high-level insights into Brazil paraffin wax market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil paraffin wax market size, by application, 2018-2030 (US$M)
Brazil Paraffin Wax Market Outlook Share, 2022 & 2030 (US$M)
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