Liquid Paraffin Market Trends, Revenue, Major Players, Share Analysis & Forecast Till 2028

Liquid Paraffin Market

 The ‘Global Liquid Paraffin Market Report,’ published by Reports and Data, offers a panoramic vision of the global Liquid Paraffin market. The report presents accurate details on market size and revenue growth rate over the forecast period. It expounds on the current industry scenario and offers a detailed assessment of the latest and emerging market trends. The report contains key industry statistics presented in a tabular format to give readers an exclusive picture of the global Liquid Paraffin market.

The latest industry analysis report offers in-depth information regarding the key segments and sub-segments of the global Liquid Paraffin industry and emphasizes the current pandemic situation that has significantly disrupted the industry’s growth trend. Key dynamics impacting market growth include drivers, restraints, opportunities, supply & demand ratios, emerging market trends, technological innovations, and value chain analysis. The report further highlights some major challenges, imminent risks and threats, and stringent government policies and regulations that are expected to impede market growth during the forecast period. The report is aimed at enabling readers to gain deep insights into the global Liquid Paraffin market and its core mechanism and capitalize on the favorable market growth prospects. It further offers a concise summary of the Liquid Paraffin market’s intensely competitive landscape and lists down the leading players in the market. This section of the report also highlights the strategic initiatives undertaken by these players for long-term business growth. According to the report, the global Liquid Paraffin market is projected to reach a whopping market size of USD 2.36 Billion in 2028 from USD 2.14 Billion in 2020, registering a robust 1.2% CAGR.

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The top companies profiled in the report include Sasol Ltd, Shell, ExxonMobil Corporation, Farabi Petrochemical Company, Savita Oil Technologies Ltd., JXTG Nippon Oil and Energy Corporation, CEPSA, Sonneborn, MORESCO Corporation, KDOC, Atlas Setayesh Mehr, Gandhar Oils Refinery India, FPCC and UNICORN

LAB continues to be the largest application segment in this market valuing USD 1.5 Billion in 2018 and reaching up to USD 1.74 Billion as demand for LAB has seen an overall increase of 6 during the past three years. Installed capacity has seen an increase of 26% combing Africa, LATM, Asia and Middle East. Sales of detergents both industrial and domestic are witnessing a rapid north rise therefore tangentially increasing the demand rate for liquid paraffin.

LAB continues to be the largest application segment in this market valuing USD 1.5 Billion in 2020 and reaching up to USD 1.74 Billion as demand for LAB has seen an overall increase of 6 during the past three years. Installed capacity has seen an increase of 26% combing Africa, LATM, Asia and Middle East. Sales of detergents both industrial and domestic are witnessing a rapid north rise therefore tangentially increasing the demand rate for liquid paraffin.

Major factors driving revenue growth of the global materials & chemicals industry are rise in global population, tremendous increase in demand for essential consumer products such as food & beverages, cosmetics, and personal care & hygiene products, and extensive use of chemicals and raw materials in industries including buildings & construction, automotive, agriculture, textiles, packaging, electronics, and several other industries. Other major factors bolstering market revenue growth are increasing focus of manufacturers on using eco-friendly and sustainable materials & chemicals for reduced environmental impact, introduction of organic and highly sustainable chemicals, and increasing demand for high-performance agrochemicals and specialty chemicals.

Global Liquid Paraffin Market: Regional Segmentation

North America

U.S.

Canada

Mexico

Europe

Russia

U.K.

Germany

France

BENELUX

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Rest of Asia Pacific

Latin America

Brazil

Rest of Latin America

Middle East & Africa

Saudi Arabia

U.A.E.

Israel

Rest of Middle East & Africa

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Market Segmentation:

The global Liquid Paraffin market is segmented in terms of product type, application, end-use, and region.

By Grade Type Outlook 

C11-C14

C12-C14

C14-C17

C17-C20

By Product Type Outlook 

Light

Heavy

By Application Outlook 

LAB

Chlorinated Paraffin

Others

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