Global Paraffin Wax Market Size & Outlook, 2022-2030

The paraffin wax industry worldwide is expected to reach a projected revenue of US$ 11,980.0 million by 2030. A compound annual growth rate of 5.3% is expected of the worldwide paraffin wax industry from 2023 to 2030.

Revenue, 2022 (US$M)
$7,931.4
Forecast, 2030 (US$M)
$11,980.0
CAGR, 2023 - 2030
5.3%
Report Coverage
Worldwide

Global paraffin wax market highlights

  • The global paraffin wax market generated a revenue of USD 7,931.4 million in 2022 and is expected to reach USD 11,980.0 million by 2030.
  • The market is expected to grow at a CAGR (2023 - 2030) of 5.3% by 2030.
  • In terms of segment, candles accounted for a revenue of USD 3,372.2 million in 2022.
  • Candles is the most lucrative application segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2022.
  • Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.

Global data book summary

Market revenue in 2022USD 7,931.4 million
Market revenue in 2030USD 11,980.0 million
Growth rate5.3% (CAGR from 2022 to 2030)
Largest segmentCandles
Fastest growing segmentCandles
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCandles, Packaging, Cosmetics, Hotmelts, Board Sizing, Rubber

Other key industry trends

  • In terms of revenue, the North America accounted for 8.2% of the global paraffin wax market in 2022.
  • By country, the China is projected to lead the global market in terms of revenue in 2030.
  • By country, Mexico is the fastest growing regional market and is projected to reach USD 38.6 million by 2030.

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Paraffin Wax Market Scope

Paraffin wax market segmentation & scope
Candles
Packaging
Cosmetics
Hotmelts
Board Sizing
Rubber
Others

Paraffin Wax Market Companies

Name Profile # Employees HQ Website

Global paraffin wax market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to paraffin wax market will help companies and investors design strategic landscapes.


Candles was the largest segment with a revenue share of 42.52% in 2022. Horizon Databook has segmented the Global paraffin wax market based on candles, packaging, cosmetics, hotmelts, board sizing, rubber covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Paraffin Wax Application Outlook (Revenue, USD million, 2018-2030)
    • Candles
    • Packaging
    • Cosmetics
    • Hotmelts
    • Board Sizing
    • Rubber
    • Others

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  • Our clientele includes a mix of paraffin wax market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global paraffin wax market , including forecasts for subscribers. This global databook contains high-level insights into Global paraffin wax market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global paraffin wax market size, by regions, 2018-2030 (US$M)

Top 10 countries: Paraffin wax market size, 2022 (US$M)

Global paraffin wax market share, by application, 2022 & 2030 (%, US$M)

Paraffin Wax Market: Opportunity Assessment By Country

Global paraffin wax market, by region, 2022 (US$M)

Global paraffin wax market size, by regions, 2018-2030 (US$M)

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