Asia Pacific Paraffin Wax Market Size, Share & Industry Trends Analysis Report By Application (Candles, Cosmetics, Packaging, Hot Melts, Rubber, Board Sizing and Others), By Country and Growth Forecast, 2023 - 2030

The Asia Pacific Paraffin Wax Market would witness market growth of 5.2% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,913.6 kilo tonnes, showcasing a growth of 4.8% (2019-2022).

As developing economies continue to experience rapid industrialization, the demand for paraffin wax has surged. Industries such as packaging, rubber, and textiles rely heavily on paraffin wax for its lubricating and moisture-resistant properties, driving market growth in regions where industrialization is rising. Traditionally, the candle industry has been one of the largest consumers of paraffin wax. The ease of moldability, clean burn characteristics, and cost-effectiveness of paraffin wax make it the preferred choice for candle manufacturers globally. As the demand for decorative and scented candles grows, so does the need for high-quality paraffin wax.

Paraffin wax is employed in food packaging for its moisture-resistant and protective properties. Additionally, it is used in the preservation of certain fruits and cheeses. The food industry's constant need for efficient packaging solutions and extending the shelf life of products contributes to the growth of the paraffin wax market. With the rise of the flexible packaging industry, paraffin wax-coated papers and boards have become integral in providing a barrier against moisture and improving the overall quality of packaging materials. The versatility of paraffin wax in this context has led to increased adoption across various packaging applications.

The packaging industry in Asia-Pacific, driven by the growth of e-commerce and consumer goods, has contributed to the demand for paraffin wax. It is used to enhance the properties of packaging materials, providing moisture resistance and improving durability. The textile industry in Asia-Pacific extensively uses paraffin wax in processes such as sizing and finishing. The pharmaceutical industry in India, with its focus on healthcare and wound management, can drive the demand for such products. The aforementioned factors will drive the market growth in this region.

The China market dominated the Asia Pacific Paraffin Wax Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,663.4 million by 2030. The Japan market is registering a CAGR of 4.6% during (2023 - 2030). Additionally, The India market would experience a CAGR of 5.8% during (2023 - 2030).

Based on Application, the market is segmented into Candles, Cosmetics, Packaging, Hot Melts, Rubber, Board Sizing and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Global Paraffin Wax Market is Predict to reach USD 11.4 Billion by 2030, at a CAGR of 5.1%

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Petro China Company Limited (China National Petroleum Corporation), Sinopec Group (China Petrochemical Corporation), Sasol Limited, Exxon Mobil Corporation, (Petrobras) Petróleo Brasileiro S.A, Nippon Seiro Co., Ltd., H&R Gmbh & Co. KGaA, Honeywell International Inc., Cepsa (COMPAÑÍA ESPAÑOLA DE PETRÓLEOS, S.A.)

Scope of the Study

Market Segments Covered in the Report:

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)

• Candles
• Cosmetics
• Packaging
• Hot Melts
• Rubber
• Board Sizing
• Others

By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

• Petro China Company Limited (China National Petroleum Corporation)
• Sinopec Group (China Petrochemical Corporation)
• Sasol Limited
• Exxon Mobil Corporation
• (Petrobras) Petróleo Brasileiro S.A
• Nippon Seiro Co., Ltd.
• H&R Gmbh & Co. KGaA
• Honeywell International Inc.
• Cepsa (COMPAÑÍA ESPAÑOLA DE PETRÓLEOS, S.A.)

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Paraffin Wax Market, by Application
1.4.2 Asia Pacific Paraffin Wax Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis

Chapter 4. Asia Pacific Paraffin Wax Market by Application
4.1 Asia Pacific Candles Market by Country
4.2 Asia Pacific Cosmetics Market by Country
4.3 Asia Pacific Packaging Market by Country
4.4 Asia Pacific Hot Melts Market by Country
4.5 Asia Pacific Rubber Market by Country
4.6 Asia Pacific Board Sizing Market by Country
4.7 Asia Pacific Others Market by Country

Chapter 5. Asia Pacific Paraffin Wax Market by Country
5.1 China Paraffin Wax Market
5.1.1 China Paraffin Wax Market by Application
5.2 Japan Paraffin Wax Market
5.2.1 Japan Paraffin Wax Market by Application
5.3 India Paraffin Wax Market
5.3.1 India Paraffin Wax Market by Application
5.4 South Korea Paraffin Wax Market
5.4.1 South Korea Paraffin Wax Market by Application
5.5 Singapore Paraffin Wax Market
5.5.1 Singapore Paraffin Wax Market by Application
5.6 Malaysia Paraffin Wax Market
5.6.1 Malaysia Paraffin Wax Market by Application
5.7 Rest of Asia Pacific Paraffin Wax Market
5.7.1 Rest of Asia Pacific Paraffin Wax Market by Application

Chapter 6. Company Profiles
6.1 Petro China Company Limited (China National Petroleum Corporation)
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expenses
6.1.5 SWOT Analysis
6.2 Petrobras (Petróleo Brasileiro S.A.)
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 SWOT Analysis
6.3 Nippon Seiro Co., Ltd
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Regional Analysis
6.4 H&R Gmbh & Co. KGaA
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expenses
6.5 Cepsa (COMPAÑÍA ESPAÑOLA DE PETRÓLEOS, S.A.)
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 SWOT Analysis
6.6 Sinopec Group (China Petrochemical Corporation)
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Research & Development Expenses
6.6.4 SWOT Analysis
6.7 Exxon Mobil Corporation
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental and Regional Analysis
6.7.4 Research & Development Expenses
6.7.5 SWOT Analysis
6.8 Honeywell International, Inc.
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expenses
6.8.5 SWOT Analysis
6.9 Sasol Limited
6.9.1 Company Overview
6.9.2 Financial Analysis

TABLE 1 Asia Pacific Paraffin Wax Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Paraffin Wax Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Paraffin Wax Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Asia Pacific Paraffin Wax Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Asia Pacific Paraffin Wax Market by Application, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Paraffin Wax Market by Application, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Paraffin Wax Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 8 Asia Pacific Paraffin Wax Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 9 Asia Pacific Candles Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Candles Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Candles Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 Asia Pacific Candles Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 Asia Pacific Cosmetics Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Cosmetics Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Cosmetics Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 Asia Pacific Cosmetics Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 Asia Pacific Packaging Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Packaging Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Packaging Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 Asia Pacific Packaging Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 Asia Pacific Hot Melts Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Hot Melts Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Hot Melts Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 Asia Pacific Hot Melts Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 Asia Pacific Rubber Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Rubber Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Rubber Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 Asia Pacific Rubber Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 Asia Pacific Board Sizing Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Board Sizing Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Board Sizing Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 Asia Pacific Board Sizing Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 Asia Pacific Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 Asia Pacific Paraffin Wax Market by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Paraffin Wax Market by Country, 2023 - 2030, USD Million
TABLE 39 Asia Pacific Paraffin Wax Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 Asia Pacific Paraffin Wax Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 China Paraffin Wax Market, 2019 - 2022, USD Million
TABLE 42 China Paraffin Wax Market, 2023 - 2030, USD Million
TABLE 43 China Paraffin Wax Market, 2019 - 2022, Kilo Tonnes
TABLE 44 China Paraffin Wax Market, 2023 - 2030, Kilo Tonnes
TABLE 45 China Paraffin Wax Market by Application, 2019 - 2022, USD Million
TABLE 46 China Paraffin Wax Market by Application, 2023 - 2030, USD Million
TABLE 47 China Paraffin Wax Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 48 China Paraffin Wax Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 49 Japan Paraffin Wax Market, 2019 - 2022, USD Million
TABLE 50 Japan Paraffin Wax Market, 2023 - 2030, USD Million
TABLE 51 Japan Paraffin Wax Market, 2019 - 2022, Kilo Tonnes
TABLE 52 Japan Paraffin Wax Market, 2023 - 2030, Kilo Tonnes
TABLE 53 Japan Paraffin Wax Market by Application, 2019 - 2022, USD Million
TABLE 54 Japan Paraffin Wax Market by Application, 2023 - 2030, USD Million
TABLE 55 Japan Paraffin Wax Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 56 Japan Paraffin Wax Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 57 India Paraffin Wax Market, 2019 - 2022, USD Million
TABLE 58 India Paraffin Wax Market, 2023 - 2030, USD Million
TABLE 59 India Paraffin Wax Market, 2019 - 2022, Kilo Tonnes
TABLE 60 India Paraffin Wax Market, 2023 - 2030, Kilo Tonnes
TABLE 61 India Paraffin Wax Market by Application, 2019 - 2022, USD Million
TABLE 62 India Paraffin Wax Market by Application, 2023 - 2030, USD Million
TABLE 63 India Paraffin Wax Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 64 India Paraffin Wax Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 65 South Korea Paraffin Wax Market, 2019 - 2022, USD Million
TABLE 66 South Korea Paraffin Wax Market, 2023 - 2030, USD Million
TABLE 67 South Korea Paraffin Wax Market, 2019 - 2022, Kilo Tonnes
TABLE 68 South Korea Paraffin Wax Market, 2023 - 2030, Kilo Tonnes
TABLE 69 South Korea Paraffin Wax Market by Application, 2019 - 2022, USD Million
TABLE 70 South Korea Paraffin Wax Market by Application, 2023 - 2030, USD Million
TABLE 71 South Korea Paraffin Wax Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 72 South Korea Paraffin Wax Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 73 Singapore Paraffin Wax Market, 2019 - 2022, USD Million
TABLE 74 Singapore Paraffin Wax Market, 2023 - 2030, USD Million
TABLE 75 Singapore Paraffin Wax Market, 2019 - 2022, Kilo Tonnes
TABLE 76 Singapore Paraffin Wax Market, 2023 - 2030, Kilo Tonnes
TABLE 77 Singapore Paraffin Wax Market by Application, 2019 - 2022, USD Million
TABLE 78 Singapore Paraffin Wax Market by Application, 2023 - 2030, USD Million
TABLE 79 Singapore Paraffin Wax Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 80 Singapore Paraffin Wax Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 81 Malaysia Paraffin Wax Market, 2019 - 2022, USD Million
TABLE 82 Malaysia Paraffin Wax Market, 2023 - 2030, USD Million
TABLE 83 Malaysia Paraffin Wax Market, 2019 - 2022, Kilo Tonnes
TABLE 84 Malaysia Paraffin Wax Market, 2023 - 2030, Kilo Tonnes
TABLE 85 Malaysia Paraffin Wax Market by Application, 2019 - 2022, USD Million
TABLE 86 Malaysia Paraffin Wax Market by Application, 2023 - 2030, USD Million
TABLE 87 Malaysia Paraffin Wax Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 88 Malaysia Paraffin Wax Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 89 Rest of Asia Pacific Paraffin Wax Market, 2019 - 2022, USD Million
TABLE 90 Rest of Asia Pacific Paraffin Wax Market, 2023 - 2030, USD Million
TABLE 91 Rest of Asia Pacific Paraffin Wax Market, 2019 - 2022, Kilo Tonnes
TABLE 92 Rest of Asia Pacific Paraffin Wax Market, 2023 - 2030, Kilo Tonnes
TABLE 93 Rest of Asia Pacific Paraffin Wax Market by Application, 2019 - 2022, USD Million
TABLE 94 Rest of Asia Pacific Paraffin Wax Market by Application, 2023 - 2030, USD Million
TABLE 95 Rest of Asia Pacific Paraffin Wax Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 96 Rest of Asia Pacific Paraffin Wax Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 97 Key Information Petro China company limited
TABLE 98 Key Information Petrobras
TABLE 99 Key Information Nippon seiro co., ltd.
TABLE 100 Key Information H&R Gmbh & co. kgaa
TABLE 101 Key Information Cepsa
TABLE 102 Key Information Sinopec Group
TABLE 103 Key Information Exxon Mobil Corporation
TABLE 104 Key Information Honeywell International, Inc.
TABLE 105 Key Information Sasol Limited

List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Paraffin Wax Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Paraffin Wax Market
FIG 4 Porter’s Five Forces Analysis Paraffin wax market
FIG 5 Asia Pacific Paraffin Wax Market share by Application, 2022
FIG 6 Asia Pacific Paraffin Wax Market share by Application, 2030
FIG 7 Asia Pacific Paraffin Wax Market by Application, 2019 - 2030, USD Million
FIG 8 Asia Pacific Paraffin Wax Market share by Country, 2022
FIG 9 Asia Pacific Paraffin Wax Market share by Country, 2030
FIG 10 Asia Pacific Paraffin Wax Market by Country, 2019 - 2030, USD Million
FIG 11 Swot analysis: Petro China Company Limited
FIG 12 Swot analysis: Petrobras
FIG 13 Swot analysis: Cepsa
FIG 14 Swot Analysis: China Petrochemical Corporation
FIG 15 SWOT Analysis: Exxon Mobil Corporation
FIG 16 Swot analysis: Honeywell international, inc.