Global Paraffin Wax Market report published by Reports and Data offers basic details about the market description, market overview, product portfolio, market scope, specifications, top companies, key applications and types, and overall industry overview.
The global paraffin wax market is expected to reach USD 7.72 Billion by 2027, according to a new report by Reports and Data. Paraffin wax has widespread application in the making of functional candle, owing to its several benefits such as ease of dyeing with all types of candle dyes, and compatibility with all types of fragrance oils and additives used in making of candles. Also, it is very economical in comparison to other kinds of waxes to manufacture candles.
Paraffin wax finds application in the cosmetic industry for application on the hands and feet. It is a natural emollient effect that aids in making skin soft and supple. On application to the skin, it imparts moisture and carries on to improve the moisture levels of the skin post completion of the treatment. Moreover, it helps to exfoliate skin and open pores, thereby giving a smoother and fresher appearance to the skin.
Combinations of paraffin and micro waxes find usage in the rubber industry to avert cracking of the rubber; the blend of wax moves to the surface of the rubber product and forms a protective layer. Also, this layer acts as a release agent, assisting the product separate from its mold.
Additionally, paraffin wax may be implemented in pain-relieving therapies in the hands and legs of people with rheumatoid arthritis, osteoarthritis, and fibromyalgia, among other joint mobility issues. It functions as a form of heat therapy and may help increase blood flow, relax muscles, and reduce stiffness of joints. It is also helpful in the reduction of muscle spasms and inflammation along with treatment of sprains.
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Top companies profiled in the report include:
ExxonMobil, Sinopec, PetroChina Company Limited, Sasol, The International Group, Honeywell, Nippon Seiro Company Limited, Petrobras, Repsol, and Indian Oil Corporation Ltd., among others.
The global Paraffin Wax market research report is an investigative study that includes accurate market insights, crucial market facts, and key statistical information to offer clear picture of the Paraffin Wax market to readers, clients, industry professionals, stakeholders, and businesses.
The market research report offers a thorough assessment of the key companies operating in the market and provides a comprehensive overview of their company overview, product portfolio, manufacturing and production capacity, R&D activities, gross profit, global market position, financial standing, sales network and distribution channels, and product developments. It also provides exhaustive analysis of the recent strategic alliances such mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, and agreements, among others.
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Global Paraffin Wax Market Segmentation:
- Fully-Refined Paraffin Wax
- Semi-Refined Paraffin Wax
- Board Sizing
- Hot Melts
Regional Analysis covers:
- North America
- Rest of EU
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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