Global Petroleum Paraffin Industry 2017 Research Report
The Petroleum Paraffin industry analysis is ready for the international markets including development trends, competitive landscape analysis, and key regions development status.
It initially provides a basic overview of the industry that covers definition, applications and manufacturing technology, post which the report explores into the international players in the market.
This is a professional and in-depth study on the current state of the Petroleum Paraffin Market. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure.
Global Petroleum Paraffin Market Segment by Regions
this report splits Global into several key Region, with production, consumption, revenue, market share and growth rate of Petroleum Paraffin in these regions, from 2011 to 2021 .
like North America, China, Europe, Japan, India, Southeast Asia split by product type, with production, revenue, price, market share and growth rate of each type Split by application.
this report focuses on consumption, market share and growth rate of Petroleum Paraffin Market in each application.
This report studies Petroleum Paraffin in Global market, focuses on top manufacturers in global market, with sales, price, revenue and market share for each manufacturer.
With the list of tables and figures the Petroleum Paraffin Market report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Major Points in paraffin and petrolatum business
1 Petroleum Paraffin Market Overview
2 Global Petroleum Paraffin Market Competition by Manufacturers
3 Global Petroleum Paraffin Production, Revenue
4 Iran Paraffin Supply (Production), Consumption, Export, Import by
5 Production, Revenue (Value), Price Trend by Type
6 Market Analysis by Application
7 Manufacturers Profiles/Analysis
8 Market Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analyses, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Petroleum Paraffin Market Forecast (2017-2022)
13 Research Findings and Conclusion
The global paraffin industry refers to the market surrounding paraffin wax, which is a widely used byproduct of petroleum refining. Paraffin wax is typically a white or colorless solid and is composed of saturated hydrocarbons. It has numerous applications in various industries such as candles, cosmetics, food, pharmaceuticals, and packaging. Below are some key aspects of the global paraffin industry:
1. Market Size and Growth
- The global paraffin wax market is significant, with the demand driven by its use in candles, cosmetics, and food packaging, among other sectors. It has shown steady growth due to its versatility, ease of use, and availability.
- Growth in emerging markets, such as those in Asia Pacific and Latin America, is a major driver. The demand for candles and cosmetics, along with the expanding packaging industry, are expected to boost market growth.
- Some forecasts predict that the market could grow at a compound annual growth rate (CAGR) of around 4-5% during the next few years.
2. Applications of Paraffin Wax
- Candles: The largest segment by far is the candle industry, where paraffin wax is the most commonly for material due to its low cost, ease of use, and good burning qualities.
- Cosmetics and Personal Care: Paraffin wax is in skincare products like lotions and lip balms for its moisturizing properties. It is also used in hair care products and as a component in lipsticks.
- Packaging: Paraffin wax is for coating paper and cardboard products to provide a moisture-resistant barrier. It’s also employed in the food packaging sector for coating fruits and vegetables to maintain freshness.
- Pharmaceuticals: In the pharmaceutical industry, paraffin wax is as a binder and coating agent in tablets and capsules.
- Others: It’s also in industrial applications, such as in electrical insulation and lubricants.
3. Key Regions
- North America and Europe: These regions are significant consumers of paraffin wax, driven by demand in the candle and cosmetic industries. The food and pharmaceutical sectors also contribute to the demand.
- Asia-Pacific: Asia-Pacific, especially China and India, is seeing rapid growth in the paraffin wax industry due to the booming consumer products sector. The increase in disposable income and expanding middle class in these regions has led to higher consumption.
- Middle East and Africa: The Middle East is both a key supplier and consumer of paraffin wax, as it is a major region for petroleum production, which is where paraffin is derived.
4. Types of Paraffin Wax
- Fully Refined Paraffin Wax: This is the most common type of paraffin wax, used in candles, cosmetics, and food packaging. It has a high degree of refinement, giving it a clean, white appearance.
- Semi-Refined Paraffin Wax: This is less refined and used for industrial purposes such as coating materials or as a base for lubricants.
- Microcrystalline Wax: This variant has a higher melting point and a more elastic structure compared to regular paraffin wax. It is used in cosmetics, food coatings, and in industrial applications like adhesives.
5. Market Trends
- Sustainability Concerns: There is growing pressure on the paraffin wax industry to become more sustainable, given that paraffin is a byproduct of fossil fuel. Some companies are exploring alternative sources, such as bio-based waxes, to reduce the environmental impact.
- Shift Towards Eco-Friendly Products: As consumer preferences shift toward sustainable and natural products, there is an increasing demand for paraffin-free candles, with alternatives such as soy or beeswax gaining popularity.
6. Key Players in the Industry
- Major players in the global paraffin wax market include companies like Shell, ExxonMobil, Sasol, China National Petroleum Corporation (CNPC), and Shaanxi Yanchang Petroleum (Group).
- The industry also includes a range of smaller manufacturers and regional suppliers.
7. Challenges
- Environmental Impact: As a petroleum derivative, paraffin wax faces scrutiny over its environmental footprint. Efforts to reduce emissions and reliance on fossil fuels could impact the industry.
- Price Volatility: The price of paraffin wax is closely linked to crude oil prices. Therefore, fluctuations in oil prices can directly affect the cost of production and supply of paraffin wax.
Conclusion
The global paraffin industry is a dynamic and essential sector within the broader petroleum and manufacturing industries. Despite challenges such as environmental concerns and market volatility, the demand for paraffin wax in candles, cosmetics, and packaging continues to drive the market.
As the industry evolves, innovations in sustainable production processes and materials are expected to play an increasingly important role in shaping its future.
