Global Paraffin Wax Market - Analysis, Technologies & Forecasts to 2021

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05 Oct, 2017, 11:45 GMT

DUBLIN, October 5, 2017 /PRNewswire/ --

The "Global Paraffin Wax Market 2017-2021" report has been added to Research and Markets' offering.

The global paraffin wax market is forecast to grow at a CAGR of 3.93% during the period 2017-2021.

The report, Global Paraffin Wax Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is use of paraffin wax in tarpaulin. Currently, paraffin wax is popularly used to manufacture waterproof tarpaulin. These tarpaulins have the advantages of waterproofing, durability, and cost-effectiveness. Tarpaulins are widely used for either protecting or covering agricultural crops and vehicles.

According to the report, one driver in the market is increasing market growth. Candle manufacturing is a multibillion-dollar market. During the holiday season, more than one-third of the candle sales take place. Candles come in all sorts of shapes, sizes, colors, and scents. They are primarily used as household items as well as gift items. They are available as pillar candles, floating candles, votive candles, and gel candles. Votive candles, which are generally used for prayers, have the largest market share. The candle market is experiencing an increasing demand based on the popularity of aromatherapy and home fragrance products. Consumers are also using candles for fragrance and as fragrance diffusers.

Further, the report states that one challenge in the market is shifting demand for natural wax. Renewable alternatives to paraffin wax are trending in the market. The high prices of paraffin wax, growing consumer preference for greener products, and the supply decline for petroleum wax are some of the factors that are driving end users toward natural wax. Candle manufacturing companies, which occupy the largest share in the wax market, are also shifting from petroleum-based wax to vegetable feedstock such as soybean oil and palm oil.

Key vendors

  • ExxonMobil
  • China Petrochemical Corporation'
  • PetroChina International
  • SASOL
  • Shell International

Other prominent vendors

  • AromaChimie
  • Blended Waxes
  • Fushun NingYuan Peterochemicals
  • H&R Group
  • Indian Oil Corporation
  • International Group
  • Others

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Application

Part 07: Geographical Segmentation

Part 08: Decision Framework

Part 09: Drivers And Challenges

Part 10: Market Trends

Part 11: Key Vendor Analysis

Part 12: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/chtglx/global_paraffin

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