Maximize Market Research's latest report, " Global Paraffin Market Global Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
Global Paraffin Market was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX % during the forecast period.
Global Paraffin Market Overview
Growing demand for candles, packaging and building materials is expected to drive the paraffin market. However, crude oil price fluctuation and the development of bio-based products are expected to limit the market growth. While, applications in food, the rubber industry and increasing usage of the investment casting process are expected to open new opportunities for the growth of the market in the near forecast. At present, the paraffin market is facing capacity rationalization and cost issues. Producers are worried that future market requirements will not be met without difficulty.
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Global Paraffin Market Major Market Players
• BASF SE
• Blended Waxes Inc.
• CITGO Petroleum Corp.
• Marcus Oil & Chemical
• PetroFerm Inc
• Clariant AG
• Chemtura Corp
• ExxonMobil Corp.
• Sinopec Beijing Yanshan Company
• Lubrizol Corp.
• Micro Powsers Inc
• Koster Keunen Holland BV
• Hexion Specialty Chemicals Inc.
• Sasol
• Shell
• LANXESS
• JXTG Nippon Oil & Energy Corporation
• China Petroleum and Chemical Corporation
• Hooland BV
• CEPSA
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Paraffin Market by Types and Applications:
Global Paraffin Market, by Type
• Paraffin Wax
• Liquid Paraffin
• Kerosene
• Petroleum Jelly
Global Paraffin Market, by End Use
• Packaging
• Candles
• Cosmetics
• Building Materials
• Inks
• PVC
• Polishes
• Rubber
• Tires
The report has covered the market size by country (regions) for the global Paraffin market. Segment by Application. The Paraffin Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Paraffin Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Paraffin Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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