Germany Paraffin Wax Market Size & Outlook, 2022-2030
Germany paraffin wax market, 2018-2030 (US$M)
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Germany paraffin wax market highlights
- The Germany paraffin wax market generated a revenue of USD 188.7 million in 2022 and is expected to reach USD 279.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 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 188.7 million |
| Market revenue in 2030 | USD 279.7 million |
| Growth rate | 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, Germany accounted for 2.4% 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 Europe, Germany paraffin wax market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 115.6 million by 2030.
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Paraffin Wax Market Scope
Paraffin Wax Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 42.98% in 2022. Horizon Databook has segmented the Germany paraffin wax market based on candles, packaging, cosmetics, hotmelts, board sizing, rubber covering the revenue growth of each sub-segment from 2018 to 2030.
Germany is the Europe’s largest cosmetics market with per capita spending of more than EUR 153 per year. German cosmetics market is dominated by largest selling brands such as Procter & Gamble Germany GmbH, L'Oreal Deutschland GmbH, Unilever, Deutschland GmbH and Coty Deutschland GmbH and Henkel AG.
Drugstores are the largest selling channels for cosmetics products accounting for about half of total sales annually. Germany is the fourth largest manufacturer of wax candles in the world.
Though it has witnessed large number of candle manufacturers shutting down their production plants owing to fluctuating raw material prices, high labor & transportation cost and low cost of imported candles especially from countries such as China.
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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 Germany paraffin wax market , including forecasts for subscribers. This country databook contains high-level insights into Germany paraffin wax market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany paraffin wax market size, by application, 2018-2030 (US$M)
Germany Paraffin Wax Market Outlook Share, 2022 & 2030 (US$M)
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