India Paraffin Wax Market Size & Outlook, 2022-2030
India paraffin wax market, 2018-2030 (US$M)
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India paraffin wax market highlights
- The India paraffin wax market generated a revenue of USD 306.4 million in 2022 and is expected to reach USD 477.6 million by 2030.
- The India market is expected to grow at a CAGR of 5.7% 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 306.4 million |
| Market revenue in 2030 | USD 477.6 million |
| Growth rate | 5.7% (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, India accounted for 3.9% 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 Asia Pacific, China paraffin wax market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,123.3 million by 2030.
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Paraffin Wax Market Scope
Paraffin Wax Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 41.19% in 2022. Horizon Databook has segmented the India 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 retail sector is one of the key boosters for cosmetics sale which includes racking of international brands such as Mac Cosmetics, L’Oréal, Willa Professionals, Estee Lauder and more along with the country’s inhouse brands. Herbal cosmetics is growing at a fast pace with companies such as Dabur, Lotus, Patanjali, Boutique, Himalaya and more dominating the marketspace.
Indian candles sector is majorly a home-grown recognized industry with dominance of local and regional players. However, in the third quarter of 2015, the country recorded exports of USD 9.7 million wherein the major export destination was recognized as North America. U.S. stood as the largest importer in North America with valuation of USD 4.9 million in wax imports from India.
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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 India paraffin wax market , including forecasts for subscribers. This country databook contains high-level insights into India paraffin wax market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India paraffin wax market size, by application, 2018-2030 (US$M)
India Paraffin Wax Market Outlook Share, 2022 & 2030 (US$M)
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