Increase in demand from the beauty industry is a significant factor driving the global paraffin wax market revenue growth

VANCOUVER, BC, CANADA, August 2, 2022 /EINPresswire.com/ -- The global paraffin wax market size is expected to reach USD 8.58 Billion in 2030 and register a steady revenue CAGR of 5.4% over the forecast period, according to latest analysis by Emergen Research. A steady revenue growth of the paraffin wax market can be attributed to increase in demand from the beauty industry.

Mineral oils such as paraffin, which come in a variety of forms, are frequently used in face creams and body lotions. Paraffin is utilized in beauty products as it is a less expensive technique to make skin feel hydrated. When heated and applied to the skin or joint area, paraffin wax has a long history of treating a wide range of physical ailments, including enhancing blood flow, lowering pain, and treating arthritis. Additionally, an emollient, paraffin aids in softening the skin. By opening pores, the heated wax also aids in retaining moisture, leaving hands feeling softer, smoother, and better than before. Paraffin wax also becomes hard when it cools. Dead skin and grime are removed from the skin along with the wax, making the hands smoother.

A recent trend in the market is the use of paraffin wax coated sand to replace plastic mulch in farmers’ fields. To help keep moisture in the soil, farmers frequently spread sheets of plastic along the rows of their crops. However, a recent study suggests that using paraffin wax-coated sand would be a more affordable and environmentally friendly option. As a result, a group at the King Abdullah University of Science and Technology (KAUST) in Saudi Arabia is looking into silica sand that has been covered in refined paraffin wax. Paraffin wax is not especially eco-friendly in its natural state, however, the "food-grade" wax the team uses has been refined and is biodegradable as well as non-toxic, so it should not affect the environment or build up there.

𝒀𝒐𝒖 𝑪𝒂𝒏 𝑫𝒐𝒘𝒏𝒍𝒐𝒂𝒅 𝑭𝒓𝒆𝒆 𝑺𝒂𝒎𝒑𝒍𝒆 𝑷𝑫𝑭 𝑪𝒐𝒑𝒚 𝑶𝒇 𝑻𝒉𝒊𝒔 𝑹𝒆𝒑𝒐𝒓𝒕 @ https://www.emergenresearch.com/request-history/1237

Emergen Research released the research report of Paraffin Wax Market, a study that offers a meticulously studied overview of the factors and drivers of the global market. Paraffin Wax Market research report depicts the latest market scenario with updated trends and segmentation of the products and services. The study provides crucial information on the market situation, size, share, growth factors of the Paraffin Wax. This study covers the upcoming participant’s strategies, inclusive of the competitive situation, sales, revenue, and 𝒈𝒍𝒐𝒃𝒂𝒍 𝒎𝒂𝒓𝒌𝒆𝒕 𝒔𝒉𝒂𝒓𝒆 𝒐𝒇 𝒕𝒐𝒑 𝒎𝒂𝒏𝒖𝒇𝒂𝒄𝒕𝒖𝒓𝒆𝒓𝒔 𝒂𝒓𝒆:

PetroChina Company Limited, Sinopec Group, Indian Oil Corporation Ltd., Sasol Limited, Exxon Mobil Corporation, The International Group, Inc., Petrobras, Petro-Canada Lubricants Inc., Nippon Seiro Co., Ltd., and Repsol S.A.

The report offers a detailed research study of the Paraffin Wax market. It also takes into account the competitive landscape, market competition, segmentation, leading regions, regional growth, market size, and other factors crucial for the market in the forecast period. The study gives data pertaining to manufacturing processes, cost analysis, pricing structure, and other studies imperative for understanding the Paraffin Wax market.

𝙆𝙚𝙮 𝙃𝙞𝙜𝙝𝙡𝙞𝙜𝙝𝙩𝙨 𝙞𝙣 𝙩𝙝𝙚 𝙍𝙚𝙥𝙤𝙧𝙩

On 28 July 2021, Max&Bien, which is a Netherlands-based cheesemaker, debuted the world’s first vegan cheese wheel coated in paraffin wax to emulate traditional-style Dutch cheeses. This vegan cheese comes in 1.2 kilograms wheels for cheese and delicatessen stores as well as 150 grams mini-wheels. The cheese itself is made from fermented wheat and comes in three flavors: cumin, truffle, and mustard.

The semi-refined wax segment is expected to register a rapid revenue growth rate over the forecast period. This is attributed to its increasing use in various applications owing to its benefits. Oil is present in semi-refined paraffin between 0.5% to 1.5%. Semi-refined paraffin wax is used in the production of PVC, laminate, candles, paint, pyrotechnics, and matches. Additionally, it is utilized in pencils, crayons, carbon paper, floor polishes, automobiles, cable filling chemicals, electrical industries, tires, torches, and other rubber products.

The candles segment is expected to account for large revenue share in the global market over the forecast period owing to the increasing usage of aromatherapy in spas, hotels, and other commercial buildings. Paraffin wax is commonly used in skin-softening salon and spa treatments on the hands, cuticles, and feet due to its absence of color, odor, and taste. Additionally, it can be used to ease sore muscles and joints.

 For cosmetic purposes, paraffin wax is routinely used on the hands and feet. The wax is a natural emollient that helps the skin be supple and velvety. It boosts moisture levels when applied to the skin and continues to do so long after the treatment is over. Its benefits are comparable to those of heat therapy and can help increase blood flow, relieve muscular tension, and lessen joint stiffness. Paraffin wax can assist lessen swelling and muscle spasms in addition to treating sprains.

𝑨𝒄𝒄𝒆𝒔𝒔 𝑭𝒖𝒍𝒍 𝑹𝒆𝒑𝒐𝒓𝒕 𝑫𝒆𝒔𝒄𝒓𝒊𝒑𝒕𝒊𝒐𝒏, 𝑻𝑶𝑪, 𝑻𝒂𝒃𝒍𝒆 𝒐𝒇 𝑭𝒊𝒈𝒖𝒓𝒆, 𝑪𝒉𝒂𝒓𝒕, 𝑮𝒓𝒂𝒑𝒉, 𝒆𝒕𝒄. @ https://www.emergenresearch.com/industry-report/paraffin-wax-market

The report encompasses segmentation and market information break down, including key participants. If you are involved in the Global Paraffin Wax industry or aspire to be involved, this report is a must-have. The report makes an in-depth study on the market share, growth rate, market drivers, future trends, restraints, opportunities, and challenges.

Emergen Research has segmented the global paraffin wax market on the basis of type, application, and region:

Type Outlook (Revenue, USD Billion; 2019-2030)

Fully Refined Wax

Semi-refined Wax

Others

Application Outlook (Revenue, USD Billion; 2019-2030)

Candles

Packaging

Board Sizing

Rubber

Hot Melts

Cosmetics

Others

𝗠𝗮𝘁𝗰𝗵𝗮 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝗯𝘆 𝗥𝗲𝗴𝗶𝗼𝗻:

North America

Asia Pacific

Europe

Latin America

Middle East & Africa

𝐓𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐨𝐛𝐣𝐞𝐜𝐭𝐢𝐯𝐞𝐬 𝐚𝐫𝐞:

To evaluate Paraffin Wax status, future forecast, growth opportunity, key market, and key players.

To present the Global Paraffin Wax development in the different regions of the world.

To strategically study and segment the key players and comprehensively analyze their development plan and strategies.

To define, describe, and forecast the market by product type, market, and key regions.

𝑲𝒆𝒚 𝒑𝒐𝒊𝒏𝒕𝒔 𝒅𝒊𝒔𝒄𝒖𝒔𝒔𝒆𝒅 𝒊𝒏 𝒕𝒉𝒆 𝒓𝒆𝒑𝒐𝒓𝒕 𝒇𝒐𝒓 𝑮𝒍𝒐𝒃𝒂𝒍 Paraffin Wax 𝑴𝒂𝒓𝒌𝒆𝒕:

𝐂𝐡𝐚𝐩𝐭𝐞𝐫 𝟏: Introduction, market driving force product, Objectives of the Study, and Research Scope of the Paraffin Wax market

𝐂𝐡𝐚𝐩𝐭𝐞𝐫 𝟐: Exclusive Summary –vital information of the Paraffin Wax Market.

𝐂𝐡𝐚𝐩𝐭𝐞𝐫 𝟑: Market Dynamics- Drivers, Trends, and Challenges of the Paraffin Wax Market

𝗖𝗵𝗮𝗽𝘁𝗲𝗿 𝟰: Paraffin Wax Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

𝘾𝙝𝙖𝙥𝙩𝙚𝙧 5: Market segmentation by Type, End-User and Region 2021-2022

𝕮𝖍𝖆𝖕𝖙𝖊𝖗 6: Analysis of the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.

𝕮𝖍𝖆𝖕𝖙𝖊𝖗 7 & 8: Appendix, Methodology and Data Source…Continued

𝙌𝙪𝙞𝙘𝙠 𝘽𝙪𝙮- Paraffin Wax 𝙈𝙖𝙧𝙠𝙚𝙩 𝙍𝙚𝙨𝙚𝙖𝙧𝙘𝙝 𝙍𝙚𝙥𝙤𝙧𝙩 @ https://www.emergenresearch.com/select-license/1237

𝑫𝒂𝒕𝒂 𝑺𝒐𝒖𝒓𝒄𝒆𝒔 & 𝑴𝒆𝒕𝒉𝒐𝒅𝒐𝒍𝒐𝒈𝒚

The sources from where we obtain our data involve opinions of industry experts from the Global Paraffin Wax Market, including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All these sources were consulted to gather and authenticate subjective & quantitative data and determine the future predictions for this market.

In the elaborated primary research method undertaken for this report, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were utilized to attain qualitative and quantitative aspects of this research study. When it comes to secondary sources, we looked at the company’s annual reports, press releases, websites, investor presentations, conference call transcripts, webinars, journals, regulators, national customs, and industry associations.

𝐑𝐞𝐚𝐝 𝐎𝐮𝐫 𝐁𝐥𝐨𝐠 𝐀𝐭:

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𝗧𝗵𝗮𝗻𝗸 𝘆𝗼𝘂 𝗳𝗼𝗿 𝗿𝗲𝗮𝗱𝗶𝗻𝗴 𝘁𝗵𝗶𝘀 𝗮𝗿𝘁𝗶𝗰𝗹𝗲. 𝗬𝗼𝘂 𝗰𝗮𝗻 𝗮𝗹𝘀𝗼 𝗴𝗲𝘁 𝗰𝗵𝗮𝗽𝘁𝗲𝗿-𝘄𝗶𝘀𝗲 𝘀𝗲𝗰𝘁𝗶𝗼𝗻𝘀 𝗼𝗿 𝗿𝗲𝗴𝗶𝗼𝗻-𝘄𝗶𝘀𝗲 𝗿𝗲𝗽𝗼𝗿𝘁 𝗰𝗼𝘃𝗲𝗿𝗮𝗴𝗲 𝗳𝗼𝗿 𝗡𝗼𝗿𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮, 𝗘𝘂𝗿𝗼𝗽𝗲, 𝗔𝘀𝗶𝗮 𝗣𝗮𝗰𝗶𝗳𝗶𝗰, 𝗟𝗮𝘁𝗶𝗻 𝗔𝗺𝗲𝗿𝗶𝗰𝗮, 𝗮𝗻𝗱 𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁 & 𝗔𝗳𝗿𝗶𝗰𝗮.

𝑨𝒃𝒐𝒖𝒕 𝑼𝒔:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Eric Lee
Emergen Research
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