UK Paraffin Wax Market Size & Outlook, 2022-2030
UK paraffin wax market, 2018-2030 (US$M)
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UK paraffin wax market highlights
- The UK paraffin wax market generated a revenue of USD 72.4 million in 2022 and is expected to reach USD 115.6 million by 2030.
- The UK market is expected to grow at a CAGR of 6% 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 72.4 million |
| Market revenue in 2030 | USD 115.6 million |
| Growth rate | 6% (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, UK accounted for 0.9% 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 Europe, Germany paraffin wax market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 115.6 million by 2030.
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Paraffin Wax Market Scope
Paraffin Wax Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 39.23% in 2022. Horizon Databook has segmented the UK paraffin wax market based on candles, packaging, cosmetics, hotmelts, board sizing, rubber covering the revenue growth of each sub-segment from 2018 to 2030.
Consumer’s preference for the candles for in house decoration is highly increased owing to a feeling of relaxation and cozy ambience creation with a burning candle in the room. UK is the world’s sixth largest market for beauty and personal care products with per capita spending of approximately 153 Pounds per year.
The cosmetics industry continued to rise in terms of sales after Brexit polls. It may impact the market if country exits, owing to alterations in regulations and product compliance with export markets.
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Target buyers of UK 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 UK paraffin wax market , including forecasts for subscribers. This country databook contains high-level insights into UK paraffin wax market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK paraffin wax market size, by application, 2018-2030 (US$M)
UK Paraffin Wax Market Outlook Share, 2022 & 2030 (US$M)
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