The Global Paraffins Market is estimated to exhibit a CAGR of 9.75% during the forecast period of 2021-2028. Rise in the demand for its applications such as olefins, sulphonates, chlorinated paraffin, propels the market to grow. Looking on the other side, the technological advancements in extensive usage of electric lamps have affected the candle industry, hence negatively affecting the market’s growth, all the other competing personalities, with same production and better ideas, restraints the market’s growth rate.
Global Paraffins Market Scenario
According to Data Bridge Market Research, the paraffins market will exhibit a significant rise in its market value. Paraffin is used in production of end uses like, candles, packaging, explosives and others, which boosts the market growth. Another driving factor for this industry would be the expanding industries and its infrastructure as it is helping to grow the market on a high scale. There is a great opportunity for the market to enhance the product, and maintain stability in prices so that there is a consistency maintained.
Currently, North America dominates the global paraffins market in terms of market share and market revenue owing to the increasing number of research and development activities in the region coupled with rising infrastructural and construction activities.
Now the question is which are the other regions that the global paraffins market is targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific owing to the growing population and per-capita income of people.
For more analysis on the global paraffins market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-paraffins-market
Scope of the Paraffins Market
The global paraffins market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
- The global paraffins market is further segmented on the basis of product into fully-refined, semi-refined and others. On the basis of application, the paraffins market is segmented into farming, packaging, cosmetics, building materials, PVC, rubber, tires, candles, lighting, chemicals, secondary alcohols, chlorinated paraffin, internal olefins, sulphonates and oilfield chemicals.
- Paraffin is a wax which is soft and colorless in nature derived from petroleum, coal or oil shale that consists of a mixture of hydrocarbon molecules. In other words, paraffin is made out of saturated hydrocarbons.
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Key Pointers Covered in the Paraffins Market Industry Trends and Forecast to 2028
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Regulatory Framework and Changes
- Prices and Reimbursement Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
Key Market Competitors Covered in the Paraffins Market report
- Exxon Mobil Corporation
- BASF SE
- The Lubrizol Corporation
- Blended Waxes Inc.
- Micro Powders, Inc.
- Clariant
- Marcus Oil & Chemical
- Hexion
- MP Holland b.v.
- Aromachimie
- SINOPEC
- Calumet speciality Products Partners, L.P
- Cepsa
- H & R Group
- HollyFrontier Corporation
- IndianOil Corporation Ltd
- JX Nippon Oil & Gas Corporation
- LANXESS
- Repsol
- PetrobrasLimited
Above are the key players covered in the report, to know about more and exhaustive list of paraffins market companies contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-paraffins-market
Research Methodology: Global Paraffins Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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