Global Paraffin Wax Market to be Dominated by Candles Segment Through 2032
According to ChemAnalyst report, “ Global Paraffin Wax Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-Use, Sales Channel, Regional Demand, Company Share, Manufacturing Process, and Policy and Regulatory Landscape, 2015-2032,” the market for paraffin wax is likely to reach (volume) by 2032 at an impressive CAGR of 2.50% during the forecast period. The market is expected to gain from the increase in candle production and the rise in demand from the packaging industry over the forecast period. Paraffin wax, derived from crude oil, has seen increased demand due to rising oil production. It is utilized for flexible packaging, offering moisture and grease resistance, gloss, and freshness preservation. Its advantages include gas and odor barriers, operational efficiency, water resistance, and cost-effectiveness. The quality depends on crude oil source, refining, and composition. The global paraffin wax marke...