Europe Paraffin Wax Market Size & Outlook, 2022-2030
Europe paraffin wax market, 2018-2030 (US$M)
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Europe paraffin wax market highlights
- The Europe paraffin wax market generated a revenue of USD 972.5 million in 2022.
- The market is expected to grow at a CAGR of 4.2% 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.
- Country-wise, UK is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 972.5 million |
| Market revenue in 2030 | USD 1,355.8 million |
| Growth rate | 4.2% (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 |
| 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, Europe region accounted for 12.3% of the global paraffin wax market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,177.0 million by 2030.
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Paraffin Wax Market Scope
Paraffin Wax Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 41.84% in 2022. Horizon Databook has segmented the Europe paraffin wax market based on candles, packaging, cosmetics, hotmelts, board sizing, rubber covering the revenue growth of each sub-segment from 2018 to 2030.
Europe has high demand of wax candles than its total domestic production mainly in countries such as Germany, France and UK. Among all types of candles, paraffin wax based candles accounts for more than 80%. Poland is the second largest manufacturer of paraffin wax candles in the world.
Instead of main function of candle to provide light, it is extensively used as decorative home accessory to enhance atmosphere in the room. Hotmelts is expected to show continuous growth in the European market during the projected period.
The quick setting property of hotmelts is the major reason behind why they are used in consumer goods which are produced at high speeds. It is used in various segments such as book binding, packaging, labelling and tapes.
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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 continent-level data and insights on the Europe paraffin wax market , including forecasts for subscribers. This continent databook contains high-level insights into Europe paraffin wax market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe paraffin wax market size, by country, 2018-2030 (US$M)
Europe Paraffin Wax Market Outlook Share, 2022 & 2030 (US$M)
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