According to a new report, published by KBV research, The Global Paraffin Wax Market size is expected to reach $11.4 billion by 2030, rising at a market growth of 5.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 4,381.4 kilo tonnes experiencing a growth of 4.7% (2019-2022).
The Cosmetics segment would experience a CAGR of 8.4% during (2023 - 2030). Paraffin waxes, which originated from petroleum, gained prominence during the early 20th century due to their increasing utilization in the cosmetics industry. Vaseline, Vaseline oils, and crystalline paraffin are the primary petroleum products utilized in the cosmetics industry. It finds utility in many products, including creams, antiperspirants, hair serums, cosmetic products, and beauty masks.
The Asia Pacific region dominated the Global Paraffin Wax Market by Region in 2022 thereby, achieving a market value of $6.2 billion by 2030, growing at a CAGR of 5.2 % during the forecast period. The Europe region would witness a CAGR of 4.3% during (2023 - 2030). Additionally, The North America region is experiencing a CAGR of 4.7% during (2023 - 2030).
Full Report:https://www.kbvresearch.com/paraffin-wax-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Companies Profiled
Unique Offerings 
