Global Synthetic Paraffin Wax Market Research Report 2021

Synthetic Paraffin Wax is a white or colorless soft solid derivable from petroleum, coal or oil shale that consists of a mixture of hydrocarbon molecules containing between twenty and forty carbon atoms.
Synthetic Paraffin Wax are mainly classified into the following types: Fully Refined Wax, Semi-refined Wax and Others. Fully Refined Wax is the most widely used type which takes up about 44.2% of the total sales in 2018. Synthetic Paraffin Wax have wide range of applications, such as Candles, Food, etc. And Candles was the most widely used area which took up about 41.4% of the global total in 2018.

Market Analysis and Insights: Global Synthetic Paraffin Wax Market
The global Synthetic Paraffin Wax market was valued at US$ 6394.1 million in 2019 and it is expected to reach US$ 8555.6 million by the end of 2026, growing at a CAGR of 4.2% during 2021-2026.

Global Synthetic Paraffin Wax Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Synthetic Paraffin Wax Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Fully Refined Wax
Semi Refined Wax
Others

Segment by Application
Candles
Food
Pyrotechnics
Fiberboard
Other Industries (rubber, hammock cloth etc.)

By Company
CNPC
Exxon Mobile
Sinopec
Shell
Sasol
LUKOIL
PDVSA
Petrobras
ENI
Cepsa
MOL
Nippon Seiro
IGI
Calumet
Samir
HollyFrontier
Hansen & Rosenthal

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE