Market revenue in 2022 | USD 654.5 million |
Market revenue in 2030 | USD 1,017.7 million |
Growth rate | 5.7% (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 |
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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 43.74% in 2022. Horizon Databook has segmented the Middle East & Africa paraffin wax market based on candles, packaging, cosmetics, hotmelts, board sizing, rubber covering the revenue growth of each sub-segment from 2018 to 2030.
Middle East is the world’s fastest growing cosmetics market valued at 25 Billion. Saudi Arabia and UAE accounts for quarter of the total sales in the region. In 2015, UAE had the highest per capita spending of USD 239. Over the imported products, domestic brands are making exceptional growth in the market owing to high preference of consumers for halal beauty products.
High literacy rate, high consumer spending capacity, young population with high social media access and affordable prices are expected to propel the cosmetics market in the region. Middle East and Africa is the second largest market in food and beverage after Asia Pacific.
Specifically, the packaging sector in Africa is expected to outburst over the coming years with growing food and beverage market in the country. Africa’s food and beverage market has shown 18% growth in year 2017- 2018 and thus increasing demand for the packaging materials subsequently.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa paraffin wax market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa paraffin wax market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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