South Korea Paraffin Wax Market Size & Outlook, 2022-2030
South Korea paraffin wax market, 2018-2030 (US$M)
Related Markets
South Korea paraffin wax market highlights
- The South Korea paraffin wax market generated a revenue of USD 27.1 million in 2022 and is expected to reach USD 39.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4.7% 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 27.1 million |
| Market revenue in 2030 | USD 39.1 million |
| Growth rate | 4.7% (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, South Korea accounted for 0.3% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Paraffin Wax Market Scope
Paraffin Wax Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 44.28% in 2022. Horizon Databook has segmented the South Korea paraffin wax market based on candles, packaging, cosmetics, hotmelts, board sizing, rubber covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea has a substantial market for high-value cosmeceuticals such as anti-aging cream which are combination of cosmetics and pharmaceuticals. The anti-aging cream demand in overall Korea is observed to be rising by 25% among all cosmetics majorly driven by rising old-age population base in the country.
However, the other beauty cosmetic products are also on a hike due to fashion conscious consumer base with high disposable income. The South Korean consumer market base is rapidly rising with increasing penetration of Western-style food preferences.
Simultaneously, online grocery shopping is preferred over retail shopping due to lack of time availability among the younger generation, which further fueled demand of packaged food & other products.
Reasons to subscribe to South Korea paraffin wax market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea paraffin wax market databook
-
Our clientele includes a mix of paraffin wax market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 South Korea paraffin wax market , including forecasts for subscribers. This country databook contains high-level insights into South Korea paraffin wax market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea paraffin wax market size, by application, 2018-2030 (US$M)
South Korea Paraffin Wax Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
