South Korea Paraffin Market to 2032
Overview
The South Korea Paraffin Market is expected to reach a 476.16 USD Million by 2032 and is projected to grow at a CAGR of 5.96% from 2025 to 2032.
Revenue, 2024 (USD Million)
342.82
Forecast, 2032 (USD Million)
476.16
CAGR, 2024 - 2032
5.96%
Report Coverage
South Korea
South Korea Paraffin Market 2018-2032 USD Million
South Korea Paraffin Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 342.82 USD Million
- Projected Market Size (2032): 476.16 USD Million
- CAGR (2025-2032): 5.96%
Key Findings of South Korea Paraffin Market
- The South Korea Paraffin Market was valued at 342.82 USD Million in 2024.
- The South Korea Paraffin Market is likely to grow at a CAGR of 5.96% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Solid in Form Segment accounted for the largest share of the market with a revenue of 176.33 USD Million
- The fastest growing segment Cosmetic/Personal Care in Application Segment grew Fastest with a CAGR of 6.39% during the forecast period from 2024 to 2032.
South Korea Paraffin Market Scope
South Korea Paraffin Market Segmentation & Scope
Application
- Lubricants
- Others
- Textile
- Adhesives
- Agriculture
- Pharmaceuticals
- Coatings/Inks
- Fuel
- Tires/Rubbers
- Food
- Polymers
- Paper/Packaging
- Lighting/Candles
- Cosmetic/Personal Care
Form
- Liquid
- Solid
Product
- Petroleum Jelly
- Kerosene Paraffins
- Liquid Paraffin
- Paraffin Wax
South Korea Paraffin Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 342.82 USD Million |
| Market Value in 2032 | 476.16 USD Million |
| CAGR (2025-2032) | 5.96% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Form,Product |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 342.82 USD Million in 2024
- Key Country: South Korea, leading in terms of revenue with value of 342.82 USD Million in 2024.
Segments and Scope
-
South Korea Paraffin Market to 2032, By Application
- Cosmetic/Personal Care is the largest segment in South Korea Paraffin Market to 2032 with a revenue of 124.41 USD Million in the year 2024.
- Cosmetic/Personal Care is the Fastest growing segment in South Korea Paraffin Market to 2032 with a Growth rate of 6.39 % in forecast period 2025-2032.
-
South Korea Paraffin Market to 2032, By Form
- Solid is the largest segment in South Korea Paraffin Market to 2032 with a revenue of 176.33 USD Million in the year 2024.
- Solid is the Fastest growing segment in South Korea Paraffin Market to 2032 with a Growth rate of 6.25 % in forecast period 2025-2032.
-
South Korea Paraffin Market to 2032, By Product
- Paraffin Wax is the largest segment in South Korea Paraffin Market to 2032 with a revenue of 160.29 USD Million in the year 2024.
- Paraffin Wax is the Fastest growing segment in South Korea Paraffin Market to 2032 with a Growth rate of 6.23 % in forecast period 2025-2032.
South Korea Paraffin Market Company Share Analysis
| Company Name |
|
||
| Exxon Mobil Corporation | |||
| Shell | |||
| Repsol | |||
| Reliance Industries Limited | |||
| ENEOS Corporation | |||
South Korea Paraffin Market Geographical Sales Distribution, 2018-2032 USD Million
South Korea Paraffin Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Paraffin Market is segmented based on Segmentation Application,Form,Product.
South Korea Paraffin Market was valued at USD 342.82(Revenue in USD Million) in 2021.
South Korea Paraffin Market is projected to grow at a CAGR of 5.96% during the forecast period of 2024 to 2032.
The Solid segment is expected to dominate the South Korea Paraffin Market, holding a largest market share of 176.33 USD Million in 2024
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South Korea Paraffin Market Scope
South Korea Paraffin Market Segmentation & Scope
Application
- Lubricants
- Others
- Textile
- Adhesives
- Agriculture
- Pharmaceuticals
- Coatings/Inks
- Fuel
- Tires/Rubbers
- Food
- Polymers
- Paper/Packaging
- Lighting/Candles
- Cosmetic/Personal Care
Form
- Liquid
- Solid
Product
- Petroleum Jelly
- Kerosene Paraffins
- Liquid Paraffin
- Paraffin Wax
Frequently Asked Questions
The South Korea Paraffin Market is segmented based on Segmentation Application,Form,Product.
South Korea Paraffin Market was valued at USD 342.82(Revenue in USD Million) in 2021.
South Korea Paraffin Market is projected to grow at a CAGR of 5.96% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Paraffin Market for final year is USD 476.16 (USD Million).
South Korea Paraffin Market Company Profiling
Frequently Asked Questions
The South Korea Paraffin Market is segmented based on Segmentation Application,Form,Product.
South Korea Paraffin Market was valued at USD 342.82(Revenue in USD Million) in 2021.
South Korea Paraffin Market is projected to grow at a CAGR of 5.96% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Paraffin Market for final year is USD 476.16 (USD Million).
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