Canada Paraffin Wax Market Size & Outlook, 2025-2033
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Canada paraffin wax market highlights
- The Canada paraffin wax market generated a revenue of USD 207.6 million in 2024 and is expected to reach USD 413.0 million by 2033.
- The Canada market is expected to grow at a CAGR of 7.9% from 2025 to 2033.
- In terms of segment, packaging was the largest revenue generating application in 2024.
- Candles is the most lucrative application segment registering the fastest growth during the forecast period.
Paraffin wax market data book summary
| Market revenue in 2024 | USD 207.6 million |
| Market revenue in 2033 | USD 413.0 million |
| Growth rate | 7.9% (CAGR from 2025 to 2033) |
| Largest segment | Packaging |
| Fastest growing segment | Candles |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| 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, Canada accounted for 3.5% of the global paraffin wax market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. paraffin wax market is projected to lead the regional market in terms of revenue in 2033.
- Canada is the fastest growing regional market in North America and is projected to reach USD 413.0 million by 2033.
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Paraffin Wax Market Scope
Paraffin Wax Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Origin Energy Ltd | View profile | 5630 | 100 Barangaroo Avenue, Level 32, Tower 1, Barangaroo, Sydney, NSW, Australia, 2000 | https://www.originenergy.com.au |
| Nippon Gas Co Ltd ADR | View profile | 2031 | 10, No. 7, No. 2-chome, Tokyo, Japan, 104-8540 | http://www.nichigas.co.jp |
| Calumet Specialty Products Partners LP | View profile | 1580 | 2780 Waterfront Parkway East Drive, Suite 200, Indianapolis, IN, United States, 46214 | https://www.calumetspecialty.com |
| Repsol SA | View profile | 25113 | Calle Mendez Alvaro, 44, Madrid, Spain, 28045 | https://www.repsol.com |
| China Petroleum & Chemical Corp Class H | View profile | 368450 | No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, China, People's Republic of, 100728 | http://www.sinopec.com |
| Sinclair Inc Ordinary Shares - Class A | View profile | 7300 | 10706 Beaver Dam Road, Hunt Valley, MD, United States, 21030 | https://www.sbgi.net |
| PetroChina Co Ltd Class H | View profile | 375803 | No. 9 Dongzhimen North Street, Dongcheng District, Beijing, China, People's Republic of, 100007 | http://www.petrochina.com.cn |
| Eni SpA | View profile | 33142 | 1, Piazzale Enrico Mattei, Rome, Italy, 00144 | https://www.eni.com |
| Sasol Ltd | View profile | 29073 | 50 Katherine Street, Sasol Place, Sandton, Johannesburg, GT, South Africa, 2196 | https://www.sasol.com |
| Petroleo Brasileiro SA Petrobras ADR | View profile | 40213 | Avenida Republica do Chile, 65, Rio de Janeiro, RJ, Brazil, 20031-912 | https://www.petrobras.com.br |
| Exxon Mobil Corp | View profile | 61500 | 22777 Springwoods Village Parkway, Spring, TX, United States, 77389-1425 | https://www.exxonmobil.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
Canada 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.
Packaging was the largest segment with a revenue share of 36.08% in 2024. Horizon Databook has segmented the Canada paraffin wax market based on candles, packaging, cosmetics, hotmelts, board sizing, rubber covering the revenue growth of each sub-segment from 2021 to 2033.
Canada has a robust market when it comes to cosmetics division with industry indulgence of over 3,100 manufacturers of various products such as lipsticks, facial creams, hair care products and more. Skin care product segment has reflected a significant rise in terms of sales with approximately more than 25% of residents purchasing the products exceptionally frequently.
The country’s best selling products are identified to be dominated by companies including Marc Antony, Nudestix, Ilia, Mac Cosmetics, Lise Watier and more. The rubber industry in Canada is yet another key contributor to the country’s GDP growth with demand generated from tire as well as non-tire applications as well.
The strong non-tire requirements are typically driven from rubber components for vehicles, office supplies and construction materials among others. However, the growth might be affected by rising demand from foreign manufacturers. As a counter strategy, local manufacturers are focusing on supply contracts with input companies, quick adoption of technologies and more.
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Target buyers of Canada 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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada paraffin wax market , including forecasts for subscribers. This country databook contains high-level insights into Canada paraffin wax market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Canada paraffin wax market size, by application, 2021-2033 (US$M)
Canada Paraffin Wax Market Outlook Share, 2024 & 2033 (US$M)
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