Paraffin Wax Market Price

The global paraffin wax market size was valued at USD 7,931.39 million in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 5.3%

Market size value in 2023: USD 8279.30 million.This is attributable to growing applications in candles, as paraffin wax is the most widely used wax type in the production of candles. Refined paraffin wax is one of the main ingredients used in the production of candles. Moreover, the growing demand for the product market is owing to its excellent water barrier property and protection which boost its consumption for coating paper & cardboard used for the food industry.
Global Paraffin Wax Market Segmentation:
This report forecasts revenue growth at global, regional, and country levels in addition to provide an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030
Application Outlook (Revenue, USD Million, 2018 – 2030):
Candles
Packaging
Cosmetics
Hot melts
Board Sizing
others