North America Paraffin Wax Market Size & Outlook
North America paraffin wax market, 2018-2030 (US$M)
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North America paraffin wax market highlights
- The North America paraffin wax market generated a revenue of USD 650.9 million in 2022.
- The market is expected to grow at a CAGR of 3.7% from 2023 to 2030.
- In terms of segment, packaging was the largest revenue generating application in 2022.
- Candles is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 650.9 million |
| Market revenue in 2030 | USD 869.2 million |
| Growth rate | 3.7% (CAGR from 2022 to 2030) |
| Largest segment | Packaging |
| 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 |
Other key industry trends
- In terms of revenue, North America region accounted for 8.2% of the global paraffin wax market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,177.0 million by 2030.
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Paraffin Wax Market Scope
Paraffin Wax Market Companies
| Name | Profile | # Employees | HQ | Website |
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North 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 30.48% in 2022. Horizon Databook has segmented the North America 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 North America paraffin wax market is likely to grow on account of predominant existence of several cosmetics and personal care industry participants such as Maybelline, Procter and Gamble, ColgatePalmolive, Avon, Unilever, Johnson & Johnson and more with rising focus towards innovations in the vertical of new product releases.
The demand of men’s care product have also reflected significant sales hike in the past decade which eventually led to increased consumption of cosmetic-grade paraffin wax. The packaging market in North America is observed to be turbulent yet there lies significant scope of improvement provided Mexico impressive packaging growth coupled with retail ready packaging growth.
Although the importance of milk cartons, paper drinking cups, waxed paper and the like has declined, the growing usage in other applications has increased thereby fueling steady demand for paraffin wax in the North American market.
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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 continent-level data and insights on the North America paraffin wax market , including forecasts for subscribers. This continent databook contains high-level insights into North America paraffin wax market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America paraffin wax market size, by country, 2018-2030 (US$M)
North America Paraffin Wax Market Outlook Share, 2022 & 2030 (US$M)
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