LAMEA 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 Latin America, Middle East and Africa Paraffin Wax Market would witness market growth of 6.5% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 585.3 kilo tonnes, showcasing a growth of 6.8% (2023-2030).

Environmental concerns and the push for sustainable techniques have led to a growing interest in bio-based waxes as alternatives to traditional paraffin wax. Manufacturers are increasingly exploring and investing in developing bio-based paraffin substitutes derived from renewable sources such as soy and palm. The market is witnessing growth towards producing specialty grades of paraffin wax tailored to specific industrial requirements. Specialty grades offer enhanced properties such as increased melting points, improved hardness, and better adhesion, catering to the diverse needs of end-users in sectors like adhesives, rubber, and coatings.

Ongoing advancements in refining and processing technologies are enhancing the quality and purity of paraffin wax. These improvements contribute to the overall efficiency of production processes and result in paraffin wax with superior characteristics, meeting the stringent standards of various industries. This aspect involves extracting and refining paraffin wax from crude oil or other sources. Refining processes are crucial to obtaining paraffin wax with specific properties suitable for various industrial applications.

Paraffin wax is used in the adhesives and sealants industry, contributing to the properties of these products. The growth of construction and manufacturing activities in the LAMEA region may contribute to the demand for adhesives, positively impacting the paraffin wax market. Overall, economic development and industrialization in countries within the LAMEA region have created a favorable environment for the paraffin wax market. The above aspects will expand the market growth across the region in the upcoming years.

The Brazil market dominated the LAMEA Paraffin Wax Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $337.9 million by 2030. The Argentina market is showcasing a CAGR of 7.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7.1% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Worldwide Paraffin Wax Market is Projected 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)

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

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 LAMEA Paraffin Wax Market, by Application
1.4.2 LAMEA 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. LAMEA Paraffin Wax Market by Application
4.1 LAMEA Candles Market by Country
4.2 LAMEA Cosmetics Market by Country
4.3 LAMEA Packaging Market by Country
4.4 LAMEA Hot Melts Market by Country
4.5 LAMEA Rubber Market by Country
4.6 LAMEA Board Sizing Market by Country
4.7 LAMEA Others Market by Country

Chapter 5. LAMEA Paraffin Wax Market by Country
5.1 Brazil Paraffin Wax Market
5.1.1 Brazil Paraffin Wax Market by Application
5.2 Argentina Paraffin Wax Market
5.2.1 Argentina Paraffin Wax Market by Application
5.3 UAE Paraffin Wax Market
5.3.1 UAE Paraffin Wax Market by Application
5.4 Saudi Arabia Paraffin Wax Market
5.4.1 Saudi Arabia Paraffin Wax Market by Application
5.5 South Africa Paraffin Wax Market
5.5.1 South Africa Paraffin Wax Market by Application
5.6 Nigeria Paraffin Wax Market
5.6.1 Nigeria Paraffin Wax Market by Application
5.7 Rest of LAMEA Paraffin Wax Market
5.7.1 Rest of LAMEA 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 LAMEA Paraffin Wax Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Paraffin Wax Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Paraffin Wax Market, 2019 - 2022, Kilo Tonnes
TABLE 4 LAMEA Paraffin Wax Market, 2023 - 2030, Kilo Tonnes
TABLE 5 LAMEA Paraffin Wax Market by Application, 2019 - 2022, USD Million
TABLE 6 LAMEA Paraffin Wax Market by Application, 2023 - 2030, USD Million
TABLE 7 LAMEA Paraffin Wax Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 8 LAMEA Paraffin Wax Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 9 LAMEA Candles Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Candles Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Candles Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 LAMEA Candles Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 LAMEA Cosmetics Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Cosmetics Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Cosmetics Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 LAMEA Cosmetics Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 LAMEA Packaging Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Packaging Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Packaging Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 LAMEA Packaging Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 LAMEA Hot Melts Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Hot Melts Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Hot Melts Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 LAMEA Hot Melts Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 LAMEA Rubber Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Rubber Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Rubber Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 LAMEA Rubber Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 LAMEA Board Sizing Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Board Sizing Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA Board Sizing Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 LAMEA Board Sizing Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 35 LAMEA Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 LAMEA Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 LAMEA Paraffin Wax Market by Country, 2019 - 2022, USD Million
TABLE 38 LAMEA Paraffin Wax Market by Country, 2023 - 2030, USD Million
TABLE 39 LAMEA Paraffin Wax Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 LAMEA Paraffin Wax Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 Brazil Paraffin Wax Market, 2019 - 2022, USD Million
TABLE 42 Brazil Paraffin Wax Market, 2023 - 2030, USD Million
TABLE 43 Brazil Paraffin Wax Market, 2019 - 2022, Kilo Tonnes
TABLE 44 Brazil Paraffin Wax Market, 2023 - 2030, Kilo Tonnes
TABLE 45 Brazil Paraffin Wax Market by Application, 2019 - 2022, USD Million
TABLE 46 Brazil Paraffin Wax Market by Application, 2023 - 2030, USD Million
TABLE 47 Brazil Paraffin Wax Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 48 Brazil Paraffin Wax Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 49 Argentina Paraffin Wax Market, 2019 - 2022, USD Million
TABLE 50 Argentina Paraffin Wax Market, 2023 - 2030, USD Million
TABLE 51 Argentina Paraffin Wax Market, 2019 - 2022, Kilo Tonnes
TABLE 52 Argentina Paraffin Wax Market, 2023 - 2030, Kilo Tonnes
TABLE 53 Argentina Paraffin Wax Market by Application, 2019 - 2022, USD Million
TABLE 54 Argentina Paraffin Wax Market by Application, 2023 - 2030, USD Million
TABLE 55 Argentina Paraffin Wax Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 56 Argentina Paraffin Wax Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 57 UAE Paraffin Wax Market, 2019 - 2022, USD Million
TABLE 58 UAE Paraffin Wax Market, 2023 - 2030, USD Million
TABLE 59 UAE Paraffin Wax Market, 2019 - 2022, Kilo Tonnes
TABLE 60 UAE Paraffin Wax Market, 2023 - 2030, Kilo Tonnes
TABLE 61 UAE Paraffin Wax Market by Application, 2019 - 2022, USD Million
TABLE 62 UAE Paraffin Wax Market by Application, 2023 - 2030, USD Million
TABLE 63 UAE Paraffin Wax Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 64 UAE Paraffin Wax Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 65 Saudi Arabia Paraffin Wax Market, 2019 - 2022, USD Million
TABLE 66 Saudi Arabia Paraffin Wax Market, 2023 - 2030, USD Million
TABLE 67 Saudi Arabia Paraffin Wax Market, 2019 - 2022, Kilo Tonnes
TABLE 68 Saudi Arabia Paraffin Wax Market, 2023 - 2030, Kilo Tonnes
TABLE 69 Saudi Arabia Paraffin Wax Market by Application, 2019 - 2022, USD Million
TABLE 70 Saudi Arabia Paraffin Wax Market by Application, 2023 - 2030, USD Million
TABLE 71 Saudi Arabia Paraffin Wax Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 72 Saudi Arabia Paraffin Wax Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 73 South Africa Paraffin Wax Market, 2019 - 2022, USD Million
TABLE 74 South Africa Paraffin Wax Market, 2023 - 2030, USD Million
TABLE 75 South Africa Paraffin Wax Market, 2019 - 2022, Kilo Tonnes
TABLE 76 South Africa Paraffin Wax Market, 2023 - 2030, Kilo Tonnes
TABLE 77 South Africa Paraffin Wax Market by Application, 2019 - 2022, USD Million
TABLE 78 South Africa Paraffin Wax Market by Application, 2023 - 2030, USD Million
TABLE 79 South Africa Paraffin Wax Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 80 South Africa Paraffin Wax Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 81 Nigeria Paraffin Wax Market, 2019 - 2022, USD Million
TABLE 82 Nigeria Paraffin Wax Market, 2023 - 2030, USD Million
TABLE 83 Nigeria Paraffin Wax Market, 2019 - 2022, Kilo Tonnes
TABLE 84 Nigeria Paraffin Wax Market, 2023 - 2030, Kilo Tonnes
TABLE 85 Nigeria Paraffin Wax Market by Application, 2019 - 2022, USD Million
TABLE 86 Nigeria Paraffin Wax Market by Application, 2023 - 2030, USD Million
TABLE 87 Nigeria Paraffin Wax Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 88 Nigeria Paraffin Wax Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 89 Rest of LAMEA Paraffin Wax Market, 2019 - 2022, USD Million
TABLE 90 Rest of LAMEA Paraffin Wax Market, 2023 - 2030, USD Million
TABLE 91 Rest of LAMEA Paraffin Wax Market, 2019 - 2022, Kilo Tonnes
TABLE 92 Rest of LAMEA Paraffin Wax Market, 2023 - 2030, Kilo Tonnes
TABLE 93 Rest of LAMEA Paraffin Wax Market by Application, 2019 - 2022, USD Million
TABLE 94 Rest of LAMEA Paraffin Wax Market by Application, 2023 - 2030, USD Million
TABLE 95 Rest of LAMEA Paraffin Wax Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 96 Rest of LAMEA 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 LAMEA 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 LAMEA Paraffin Wax Market share by Application, 2022
FIG 6 LAMEA Paraffin Wax Market share by Application, 2030
FIG 7 LAMEA Paraffin Wax Market by Application, 2019 - 2030, USD Million
FIG 8 LAMEA Paraffin Wax Market share by Country, 2022
FIG 9 LAMEA Paraffin Wax Market share by Country, 2030
FIG 10 LAMEA 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.