Canada Paraffin Wax Market Size & Outlook, 2022-2030
Canada paraffin wax market, 2018-2030 (US$M)
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Canada paraffin wax market highlights
- The Canada paraffin wax market generated a revenue of USD 290.9 million in 2022 and is expected to reach USD 374.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.2% from 2023 to 2030.
- In terms of segment, packaging 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 290.9 million |
| Market revenue in 2030 | USD 374.0 million |
| Growth rate | 3.2% (CAGR from 2022 to 2030) |
| Largest segment | Packaging |
| 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, Canada accounted for 3.7% 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 North America, U.S. paraffin wax market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 456.6 million by 2030.
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Paraffin Wax Market Scope
Paraffin Wax Market Companies
| Name | Profile | # Employees | HQ | Website |
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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 30.56% in 2022. 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 2018 to 2030.
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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 Canada paraffin wax market , including forecasts for subscribers. This country databook contains high-level insights into Canada paraffin wax market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada paraffin wax market size, by application, 2018-2030 (US$M)
Canada Paraffin Wax Market Outlook Share, 2022 & 2030 (US$M)
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