글로벌 식품 등급 파라핀 왁스 시장 – 2030년까지의 산업 동향 및 예측

식품 등급 파라핀 왁스 시장 분석 및 규모

지난 몇 년 동안 식품 등급 파라핀 왁스 시장은 꾸준히 성장했습니다. 식품 등급 파라핀 왁스는 앞으로도 양초 생산에 널리 사용될 것입니다. 게다가 내구성, 방수성, 비용 효율성과 같은 이점으로 인해 식품 등급 파라핀 왁스는 이제 일반적으로 방수 타포린을 제조하는 데 사용되며, 이는 작물과 차량을 보호하거나 덮는 데 널리 사용됩니다. 따라서 높은 활용도는 산업 전반에 걸쳐 식품 등급 파라핀 왁스의 인기를 더욱 높여 시장에 대한 긍정적인 전망을 가져왔습니다.

글로벌 식품 등급 파라핀 왁스 시장은 2022년에 68억 6천만 달러로 평가되었으며, 2030년까지 94억 2천만 달러에 도달할 것으로 예상되며, 2023-2030년 예측 기간 동안 6.2%의 CAGR을 기록할 것입니다. Data Bridge Market Research 팀이 큐레이팅한 시장 보고서에는 시장 가치, 성장률, 시장 세그먼트, 지리적 범위, 시장 참여자, 시장 시나리오와 같은 시장 통찰력 외에도 심층적인 전문가 분석, 수입/수출 분석, 가격 분석, 생산 소비 분석, 기후 사슬 시나리오도 포함되어 있습니다.

식품 등급 파라핀 왁스 시장 범위 및 세분화

Market Definition

Food grade paraffin wax is a colorless, soft solid derived from petroleum, coal, or oil shale as a byproduct of the oil purification process. It is derived from the dewaxing process of crude oil and then further processed for use in products. Food grade paraffin wax is made up of a mixture of hydrocarbon molecules with 20 to 40 carbon atoms. Paraffin candles that have not been dyed or scented are odorless and bluish-white in color. It is water insoluble but soluble in ether, benzene, and certain ethers. The feedstock for food grade paraffin wax is slack wax, which is a mixture of oil and wax.

Global Food Grade Paraffin Wax Market Dynamics

Drivers

• Numerous Applications of Food grade paraffin wax

The demand for food grade paraffin wax has increased due to an increase in aromatherapy with an emphasis on home scenarios. As wax is the master key in the beauty industry, food grade paraffin wax is reaching new heights of expansion for skin care products. Because the wax has a spectacular water or moisture obstacle quality that is more comfortable for cardboard coating, it is highly demanded for fragrance candles and has seen tremendous growth in the food packaging industry as well. Moreover, the high adoption of food grade paraffin wax in the production of flexible packaging for the food and beverage, pharmaceutical, and personal care industries, coupled with huge contribution to oil and gas exploration, which is likely to have an abundance of underdone substances, thereby boosting the food grade paraffin wax market.

Opportunity

• Developments and Awareness

Furthermore, various developments by the market players and significant investments in research and development activities, which further enhance the applications of the product, extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growing awareness about the benefits of food grade paraffin wax, such as malleability, hydrophobicity, and its ability to solubility in organic nonpolar solvents, will further expand the future growth of the food grade paraffin wax market.

 Restraints

• Availability Of Eco-Friendly Alternatives

Also, the availability of alternate eco-friendly products such as polyethylene wax and beeswax will further harm the demand for the food grade paraffin wax market. Consequently, this factor will challenge the food grade paraffin wax market growth rate.

Moreover, the food grade paraffin wax market is also hampered by fluctuations in crude oil prices.

This food grade paraffin wax market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the food grade paraffin wax market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• Farabi Petrochemicals Co. stated in July 2017 that it would use Honeywell UOP technologies for a new complex in Yanbu to enhance the production of biodegradable detergents. Honeywell is a major player in the market. The new complex's construction is anticipated to be completed in 2020. After completion, the Yanbu complex produces asphalt, de-aromatized specialty oils, mining chemicals, sulfonates, process oils, and lubricants, in addition to around 120,000 metric tonnes per year of LAB and 246,000 metric tonnes per year of regular paraffin
• ExxonMobil offers completely refined food grade paraffin waxes with low, mid, and high melting points under the ParvanTM brand. They are utilized in a variety of products, including candles, paper conversion, adhesives, wax mixes and emulsions, PVC extrusion lubricants, and cosmetic formulations

Global Food Grade Paraffin Wax Market Scope

The global food grade paraffin wax market is segmented on the basis of application, product type, and form. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Application

• Candles
• Packaging
• Cosmetics
• Hotmelts
• Board Sizing
• Rubber
• Others

Product Type

• Fully-Refined Food Grade Paraffin Wax
• Semi Refined Food Grade Paraffin Wax
• Others

Form

• Liquid Food Grade Paraffin Wax
• Solid Food Grade Paraffin Wax
• Others

Global Food Grade Paraffin Wax Market Regional Analysis/Insights

The global food grade paraffin wax market is analyzed, and market size insights and trends are provided by country, application, product type, and form, as referenced above.

The countries covered in the global food grade paraffin wax market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is expected to dominate the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2023-2030. The market growth in this region is attributed to the demand for hot melt adhesives in areas such as woodworking within the region. Moreover, demand for the packaging industry and fragrance candles will boost the market growth.

On the other hand, Asia-Pacific is estimated to show lucrative growth over the forecast period of 2023-2030 due to the increasing spending on research and development for applications in the region. Massive investments and the proliferation of industry leaders in countries like India and China are driving up regional demand for food grade paraffin wax.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data. 

Competitive Landscape and Global Food Grade Paraffin Wax Market Share Analysis

The global food grade paraffin wax market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies focus related to the global food grade paraffin wax market.

Some of the major players operating in the global food grade paraffin wax market are

• BASF SE (Germany)
• Clariant (Switzerland)
• Numaligarh Refinery Limited (India)
• Trecora Resources (U.S.)
• Indian Oil Corporation Ltd (IOCL) (India)
• Goyel Chemical Corporation (India)
• Nippon Seiro Co., Ltd. (Japan)
• AVERY DENNISON CORPORATION (U.S.)
• Marcusoil (U.S.)
• 미쓰이 케미칼 주식회사(일본)
• 3M(미국)
• Sika AG(스위스)
• 허니웰 인터내셔널 주식회사(미국)
• 웨스트레이크 코퍼레이션(미국)
• CPCL(인도)
• 이노스펙(미국)

SKU-52508