Paraffin Wax Market Price, Industry Analysis, Growth, Statistics, and Forecast to 2022 | Research Cosmos

“Paraffin Wax Market | Research Cosmos”
A colourless, soft solid substance, derived from petroleum, the paraffin is an element comprising of several hydrocarbons. Its manufacturing is via the refining of crude oil to petroleum. It can be in the form of scaled, semi refined and fully refined. Paraffin has several applications which include, packaging, inks, building materials, candles, cosmetics, polishes, tires and rubbers

Paraffin Wax Market Value:

Paraffin Wax Market achieved prominent success in the recent years. As per our report the Paraffin Wax Market witnessed USD XX Million in 2017 and our research analysts predicted that this market will reach USD XX Million by 2022.

Paraffin Wax Market Outline Analysis:

In the cosmetic industry, paraffin is used as a thickening agent with the additional benefits of emollient and protective qualities. Recent development in the usage of pharmaceuticals has also boosted the market. It is used in easing eczema irritation and diaper rashes, and also used widely in the automotive sector as a wax to give the vehicle a shine and attract less dust.

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Paraffin Wax Market Regional Analysis:

Europe, however, lags, owing to its strict regulations regarding the release of toxic substances on using products made of paraffin

Paraffin Wax Market Geographical Analysis:

  • North America (United States, Canada and Mexico)
  • Asia-Pacific (China, Japan, Southeast Asia, India and Korea)
  • Europe (Germany, UK, France, Italy and Russia etc.
  • South America (Brazil, Chile, Peru and Argentina)
  • Middle East and Africa (Egypt, South Africa, Saudi Arabia)

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Paraffin Wax Market Competition Study:

However, being used in packaging to provide freshness, lock moisture and prevent outside elements to contaminate the item is a benefit firms aren’t willing to let go off. Most of this demand arises from food and beverage industries. And with the likely possibility of the food market, and other salient markets never dying out, the paraffin market is expected to stay afloat for years to come.

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Paraffin Wax Market Major Key Players:

Some of the big players are BASF SE, CITGO Petroleum Corp., Blended Waxes Inc., Marcus Oil & Chemical, PetroFerm Inc., Clariant AG, Chemtura Corp., ExxonMobil Corp., Lubrizol Corp., Koster Keunen Hooland BV, Micro Powsers Inc, Hexion Specialty Chemicals Inc. among others. 

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