Paraffin Wax Market - Growth, Future Prospects & Competitive Analysis, 2017 - 2025, the Global Paraffin Wax Market is expected to reach US$ 5.4 Bn by 2025, expanding at a CAGR of 3.9% during the forecast period 2017 - 2025.
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Market Insights
Paraffin wax market is projected to witness significant growth with growing demand for candles in key consuming economies during the forecast period. Further, growing manufacturing industries especially in Asia Pacific and Europe fueling the demand for the packaging products which in turn is anticipated to drive the demand for paraffin wax during the forecast period. Besides this, rapid growth in disposable income of middle class in developing economies fueling the demand for cosmetic products such as personal care products, creams, lipsticks and others are projected to witness high growth in sales volumes which in turn are expected to pump the growth of the paraffin wax over the forecast period. However, increasing use of alternatives such as Beeswax and others is expected to hamper the growth of global paraffin wax market.
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Competitive Insights:
Global paraffin wax market is segmented on the basis of application and geography. By application, in 2016 candles segment was the most dominant segment accounting for largest revenue share in global paraffin wax market. Growing demand for candles in key consuming economies of Asia Pacific and Europe are projected to drive the growth of the segment during the forecast period (2017-2025). On the basis of geography, Asia Pacific was estimated to be the largest market for paraffin wax in 2016. Growth in disposable income of middle class coupled with rapid industry development in the region is projected to spur the demand for paraffin wax in the region during the forecast period.
Major players in global paraffin wax market are investing in expansion of production capacity, merger and acquisition with focus on increasing market penetration.
Overall, global paraffin wax market is anticipated to register significant growth over the forecast period (2017-2025).
Overall, global paraffin wax market is anticipated to register significant growth over the forecast period (2017-2025).
Key Trends:
• Merger & Acquisition
• Production capacity expansion
• Investment in research and development
• Production capacity expansion
• Investment in research and development
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Table of Content :
1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global Paraffin Wax Market Snapshot
2.1.1. Global Paraffin Wax Market, by Application, 2016
2.1.2. Global Paraffin Wax Market, by Geography, 2016
2.1.3. Key Players
2.1.4. Drivers, Restrains & Future Prospects
2.1. Global Paraffin Wax Market Snapshot
2.1.1. Global Paraffin Wax Market, by Application, 2016
2.1.2. Global Paraffin Wax Market, by Geography, 2016
2.1.3. Key Players
2.1.4. Drivers, Restrains & Future Prospects
3. Global Paraffin Wax Market Dynamics
3.1. Market Overview
3.1.1. Market Definition
3.1.2. Market Size & Forecast, 2015-2025
3.2. Drivers
3.3. Challenges
3.4. Future Prospects
3.5. Impact Analysis of Drivers and Challenges
3.6. Global Production vs. Consumption Scenario (2011-2014)
3.7. Export Import Scenario of the Key Region (2011-2014)
3.8. Porter’s Five Force Analysis
3.8.1. Bargaining Power Of Suppliers
3.8.2. Bargaining Power Of Buyers
3.8.3. Threat Of Substitutes
3.8.4. Threat Of New Entrants
3.8.5. Industry Rivalry
3.1. Market Overview
3.1.1. Market Definition
3.1.2. Market Size & Forecast, 2015-2025
3.2. Drivers
3.3. Challenges
3.4. Future Prospects
3.5. Impact Analysis of Drivers and Challenges
3.6. Global Production vs. Consumption Scenario (2011-2014)
3.7. Export Import Scenario of the Key Region (2011-2014)
3.8. Porter’s Five Force Analysis
3.8.1. Bargaining Power Of Suppliers
3.8.2. Bargaining Power Of Buyers
3.8.3. Threat Of Substitutes
3.8.4. Threat Of New Entrants
3.8.5. Industry Rivalry
4. Global Paraffin Wax Market Size & Forecast (Mn Tons) (US$ Mn), By Application, 2015 – 2025
4.1. Overview
4.1.1. Market Share Analysis by Application, 2016 vs. 2025
4.1.2. Attractive Investment Proposition by Application
4.2. Candles
4.3. Packaging
4.4. Adhesives
4.5. Rubber
4.6. Board Sizing
4.7. Cosmetics
4.8. Others
4.1. Overview
4.1.1. Market Share Analysis by Application, 2016 vs. 2025
4.1.2. Attractive Investment Proposition by Application
4.2. Candles
4.3. Packaging
4.4. Adhesives
4.5. Rubber
4.6. Board Sizing
4.7. Cosmetics
4.8. Others
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