Japan Paraffin Wax Market Size & Outlook, 2022-2030
Japan paraffin wax market, 2018-2030 (US$M)
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Japan paraffin wax market highlights
- The Japan paraffin wax market generated a revenue of USD 66.0 million in 2022 and is expected to reach USD 100.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.3% 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 66.0 million |
| Market revenue in 2030 | USD 100.0 million |
| Growth rate | 5.3% (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, Japan accounted for 0.8% 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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Japan 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 38.03% in 2022. Horizon Databook has segmented the Japan paraffin wax market based on candles, packaging, cosmetics, hotmelts, board sizing, rubber covering the revenue growth of each sub-segment from 2018 to 2030.
Japan has a strong and resilient packaging industry with advanced technologies in place since 2014. The major demand of packaging in Japan is from processed food packaging with Ministry of Health, Labor and Welfare regulating the dynamics of food-grade packaging materials used in the country.
Automotive industry is recognized as the largest consumer of rubber and rubber products with applications across tires and other non-tire applications such as rubber components used in automobiles.
Japan has one of the largest tire producers in the world, Bridgestone Corporation, which consumes around 300 thousand tons of natural rubber yearly and contributes to 3% of the global rubber sector output. Among other Asian countries such as India, which consumes 800 grams per capita on an average, Japan consumes more than 14% per capita.
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Target buyers of Japan 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan paraffin wax market , including forecasts for subscribers. This country databook contains high-level insights into Japan paraffin wax market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan paraffin wax market size, by application, 2018-2030 (US$M)
Japan Paraffin Wax Market Outlook Share, 2022 & 2030 (US$M)
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