Latin America Paraffin Wax Market Size & Outlook
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Latin America paraffin wax market highlights
- The Latin America paraffin wax market generated a revenue of USD 144.5 million in 2024.
- The market is expected to grow at a CAGR of 7.2% from 2025 to 2033.
- In terms of segment, packaging was the largest revenue generating application in 2024.
- Candles is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Chile is expected to register the highest CAGR from 2025 to 2033.
Latin America data book summary
| Market revenue in 2024 | USD 144.5 million |
| Market revenue in 2033 | USD 269.1 million |
| Growth rate | 7.2% (CAGR from 2025 to 2033) |
| Largest segment | Packaging |
| Fastest growing segment | Candles |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| 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, Latin America region accounted for 2.4% of the global paraffin wax market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- MEA is the fastest growing regional market and is projected to reach USD 127.2 million by 2033.
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Paraffin Wax Market Scope
Paraffin Wax Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Origin Energy Ltd | View profile | 5630 | 100 Barangaroo Avenue, Level 32, Tower 1, Barangaroo, Sydney, NSW, Australia, 2000 | https://www.originenergy.com.au |
| Nippon Gas Co Ltd ADR | View profile | 2031 | 10, No. 7, No. 2-chome, Tokyo, Japan, 104-8540 | http://www.nichigas.co.jp |
| Calumet Specialty Products Partners LP | View profile | 1580 | 2780 Waterfront Parkway East Drive, Suite 200, Indianapolis, IN, United States, 46214 | https://www.calumetspecialty.com |
| Repsol SA | View profile | 25113 | Calle Mendez Alvaro, 44, Madrid, Spain, 28045 | https://www.repsol.com |
| China Petroleum & Chemical Corp Class H | View profile | 368450 | No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, China, People's Republic of, 100728 | http://www.sinopec.com |
| Sinclair Inc Ordinary Shares - Class A | View profile | 7300 | 10706 Beaver Dam Road, Hunt Valley, MD, United States, 21030 | https://www.sbgi.net |
| PetroChina Co Ltd Class H | View profile | 375803 | No. 9 Dongzhimen North Street, Dongcheng District, Beijing, China, People's Republic of, 100007 | http://www.petrochina.com.cn |
| Eni SpA | View profile | 33142 | 1, Piazzale Enrico Mattei, Rome, Italy, 00144 | https://www.eni.com |
| Sasol Ltd | View profile | 29073 | 50 Katherine Street, Sasol Place, Sandton, Johannesburg, GT, South Africa, 2196 | https://www.sasol.com |
| Petroleo Brasileiro SA Petrobras ADR | View profile | 40213 | Avenida Republica do Chile, 65, Rio de Janeiro, RJ, Brazil, 20031-912 | https://www.petrobras.com.br |
| Exxon Mobil Corp | View profile | 61500 | 22777 Springwoods Village Parkway, Spring, TX, United States, 77389-1425 | https://www.exxonmobil.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
Latin America 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 35.43% in 2024. Horizon Databook has segmented the Latin America paraffin wax market based on candles, packaging, cosmetics, hotmelts, board sizing, rubber covering the revenue growth of each sub-segment from 2021 to 2033.
Central & South America cosmetics market is showing high growth owing to increasing demand from countries such as Brazil, Chile and Colombia. The region is likely to create new market opportunities with various companies establishing manufacturing units especially in growing economies such as Brazil and Argentina.
The high cost of imported cosmetics products is creating opportunity for domestic producer to establish their market. Argentina government’s policy to restrict cosmetics imports is leading to reduced product availability and sales of the products which may challenge the paraffin wax market growth in near future.
Central & South America has high consumption of paraffin wax in manufacturing of candles. The region has relatively less demand for scented candles as these are mainly used for the purpose of lighting and in religious prayers. Overall revival of the economy and increasing per capita income is expected to positively affect the market in near future.
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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 continent-level data and insights on the Latin America paraffin wax market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America paraffin wax market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Latin America paraffin wax market size, by country, 2021-2033 (US$M)
Latin America Paraffin Wax Market Outlook Share, 2024 & 2033 (US$M)
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