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North America Paraffin Wax & Emulsions Market Size, Share & Trends Analysis Report By Paraffin Wax Application (Candles, Packaging), By Paraffin Wax Emulsions Application (Woodworking, Paper), And Segment Forecasts, 2021 - 2028

November 2021 | 110 pages | ID: NBA18CFA721AEN
Grand View Research, Inc.

US$ 5,950.00

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North America Paraffin Wax & Emulsions Market Growth & Trends

The North America paraffin wax & emulsions market size is estimated to reach USD 941.79 million by 2028, registering a CAGR of 6.3% over the forecast period, according to a new report by Grand View Research, Inc. The market growth is expected to be directly influenced by the demand from the end-user industries. The demand in the region is majorly from the packaging industry and candle producers in the region. The growing demand for candles in North American is likely to directly influence the market growth over the forecasted period.

The product demand is expected to be negatively influenced by the increasing popularity of paraffin wax alternatives derived from vegetables and natural sources, such as soybean, palm oil, and beeswax. The popularity of these is due to their several superior and adaptable characteristics over paraffin wax, one of them is their eco-friendly nature. Soy and beeswax candles burn more slowly compared to paraffin wax candles and there is a distinct aroma of candles made from waxes derived from natural sources. Also, synthetic waxes are posing a significant challenge to petroleum-based waxes and are emerging as a major challenge to the petroleum wax industry.

The rising trade war conflict between China and the U.S. is creating uncertainty in the global trade landscape and directly affecting a large number of sectors. China is one of the major suppliers of paraffin wax in the world and caters to a significant market in North America and Europe. However, due to rising trade conflict between China and the U.S, China has diverted its products to the European market, which has created a supply gap. However, to bridge the supply gap, the manufacturers in the North America and South America regions have increased their production capacity to meet the rising demand from the end-user industries. This trade war also provides opportunities for new market players to enter the market.

North America Paraffin Wax & Emulsions Market Report Highlights
  • The candles application segment is estimated to register the fastest CAGR from 2021 to 2028 owing to the presence of established candle producers in the region and high a high demand for paraffin wax-based candles
  • In 2020, the board sizing application segment accounted for more than 15% revenue share of the overall market due to its wide utilization in wooden composite boards, particleboards, oriented strand boards, medium-density boards, paperboards, and fiberboards
  • The textile & fiber application segment is projected to have a significant growth from 2021 to 2028 on account of the rising utilization of paraffin wax emulsions as a textile & yarn finishing agent
  • As per the National Institutes of Health National Center for Complementary and Integrative Health, Americans spend over USD 30.2 billion annually on aromatherapy
  • Three-fourth of the candle buyers in the region believe that fragrance is an extremely important characteristic, which affects their purchasing decision
  • Countries in the developing regions offer lucrative opportunities for petroleum wax products due to the rapid industrialization
CHAPTER 1 METHODOLOGY & SCOPE

1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Information Procurement
  1.3.1 Information analysis
  1.3.2 Market formulation & data visualization
  1.3.3 Data validation & publishing
1.4 Research scope and assumptions
  1.4.1 List to Data Sources

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Market Outlook - Paraffin Wax
2.2 Market Outlook - Paraffin Wax Emulsions
2.3 Segment Outlook
2.4 Competitive Insight

CHAPTER 3 NORTH AMERICA PARAFFIN WAX & WAX EMULSIONS MARKET VARIABLES, TRENDS & SCOPE

3.1 Industry Value Chain Analysis
  3.1.1 Key Raw Material Suppliers & Feedstock Movement
  3.1.2 Key Manufacturers & Market Impact
  3.1.3 Consumer Purchasing Behavior
  3.1.4 Profit Margin Analysis
3.2 Market Dynamics
  3.2.1 Market Driver Analysis
    3.2.1.1 Increased Demand for packaging and paper
    3.2.1.2 Increase in Demand for Candles in North America
    3.2.1.3 Growth In The Cosmetics Industry
    3.2.1.4 Increasing consumption of wax emulsions in inks and coatings
  3.2.2 Market Restraint
    3.2.2.1 Fluctuating Raw Material Prices
    3.2.2.2 Presence of harmful substances in paraffin wax
  3.2.3 Industry Challenges
    3.2.3.1 High maintenance costs
    3.2.3.2 Threat of substitutes
3.3 Price Trend Analysis & Future Projections
  3.3.1 Factors Influencing Prices
3.4 Trade Analysis, in Canada and the U.S., 2016 to 2020
  3.4.1 Net Importers, Key Country Analysis, 2016 - 2020, As per HS Code - 271220 (Paraffin wax containing <0.75% by weight of oil)
  3.4.2 Net Importers, Key Country Analysis, 2016 - 2020, As per HS Code - 271290 (Paraffin wax, microcrystalline petroleum wax, slack wax, and others)
  3.4.3 Net Exporters, Key Country Analysis, 2016 - 2020, As per HS Code - 271220 (Paraffin Wax Containing < 0,75% By Weight Of Oil)
  3.4.4 Net Exporters, Key Country Analysis, 2016 - 2020, As per HS Code - 271290 ((Paraffin wax, microcrystalline petroleum wax, slack wax, and others)
3.5 Industry Risk Assessment
3.6 Comparative Analysis, by Waxes
  3.6.1 Demand & Supply

CHAPTER 4 NORTH AMERICA PARAFFIN WAX MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

4.1 Market Share, 2020 & 2028
4.2 Market Estimates & Forecast, by Application, 2017 - 2028 (Kilotons) (USD Million)
  4.2.1 Candles
    4.2.1.1 Market Estimates & Forecasts, in Candles, 2017 - 2028 (Kilotons) (USD Million)
  4.2.2 Packaging
    4.2.2.1 Market Estimates & Forecasts, in Packaging, 2017 - 2028 (Kilotons) (USD Million)
  4.2.3 Cosmetics
    4.2.3.1 Market Estimates & Forecasts, in Cosmetics, 2017 - 2028 (Kilotons) (USD Million)
  4.2.4 Hotmelts
    4.2.4.1 Market Estimates & Forecasts, in Hotmelts, 2017 - 2028 (Kilotons) (USD Million)
  4.2.5 Board Sizing
    4.2.5.1 Market Estimates & Forecasts, in Board Sizing, 2017 - 2028 (Kilotons) (USD Million)
  4.2.6 Rubber
    4.2.6.1 Market Estimates & Forecasts, in Rubber, 2017 - 2028 (Kilotons) (USD Million)
  4.2.7 Others
    4.2.7.1 Market Estimates & Forecasts, in Others, 2017 - 2028 (Kilotons) (USD Million)

CHAPTER 5 NORTH AMERICA PARAFFIN WAX EMULSIONS MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

5.1 Market Share, 2020 & 2028
5.2 Market Estimates & Forecast, by Application, 2017 - 2028 (Kilotons) (USD Million)
  5.2.1 Woodworking
    5.2.1.1 Market Estimates & Forecasts, in Woodworking, 2017 - 2028 (Kilotons) (USD Million)
  5.2.2 Inks & Coatings
    5.2.1.1 Market Estimates & Forecasts, in Inks & Coatings, 2017 - 2028 (Kilotons) (USD Million)
  5.2.3 Paper
    5.2.1.1 Market Estimates & Forecasts, in Paper, 2017 - 2028 (Kilotons) (USD Million)
  5.2.4 Textile & Fiber
    5.2.1.1 Market Estimates & Forecasts, in Textile & Fiber, 2017 - 2028 (Kilotons) (USD Million)
  5.2.5 Others
    5.2.1.1 Market Estimates & Forecasts, in Others, 2017 - 2028 (Kilotons) (USD Million)

CHAPTER 6 NORTH AMERICA PARAFFIN WAX & PARAFFIN WAX EMULSIONS MARKET: COUNTRY ESTIMATES & TREND ANALYSIS

6.1 Country Movement Analysis & Market Share, 2020 & 2028
6.2 U.S.
  6.2.1 Market estimates & forecast, by application, 2017 - 2028 (Kilotons) (USD Million)
  6.2.2 Market estimates & forecast, by application, 2017 - 2028 (Kilotons) (USD Million)
  6.2.3 South Carolina
    6.2.3.1 Market estimates & forecast, by application 2017 - 2028 (Kilotons) (USD Million)
    6.2.3.2 Market estimates & forecast, by application, 2017 - 2028 (Kilotons) (USD Million)
  6.2.4 North Carolina
    6.2.4.1 Market estimates & forecast, by application 2017 - 2028 (Kilotons) (USD Million)
    6.2.4.2 Market estimates & forecast, by application, 2017 - 2028 (Kilotons) (USD Million)
  6.2.5 Arkansas
    6.2.5.1 Market estimates & forecast,by application 2017 - 2028 (Kilotons) (USD Million)
    6.2.5.2 Market estimates & forecast, by application, 2017 - 2028 (Kilotons) (USD Million)
  6.2.6 Oregon
    6.2.6.1 Market estimates & forecast, by application, 2017 - 2028 (Kilotons) (USD Million)
    6.2.6.2 Market estimates & forecast, by application, 2017 - 2028 (Kilotons) (USD Million)
  6.2.7 Michigan
    6.2.7.1 Market estimates & forecast,by application 2017 - 2028 (Kilotons) (USD Million)
    6.2.7.2 Market estimates & forecast, by application, 2017 - 2028 (Kilotons) (USD Million)
6.3 Canada
  6.3.1 Market estimates & forecast, by application, 2017 - 2028 (Kilotons) (USD Million)
  6.3.2 Market estimates & forecast, by application, 2017 - 2028 (Kilotons) (USD Million)
  6.3.3 Ontario
    6.3.3.1 Market estimates & forecast,by application 2017 - 2028 (Kilotons) (USD Million)
    6.3.3.2 Market estimates & forecast, by application, 2017 - 2028 (Kilotons) (USD Million)
  6.3.4 New Brunswick
    6.3.4.1 Market estimates & forecast,by application 2017 - 2028 (Kilotons) (USD Million)
    6.3.4.2 Market estimates & forecast, by application, 2017 - 2028 (Kilotons) (USD Million)
6.4 Mexico
  6.4.1 Market estimates & forecast, by application, 2017 - 2028 (Kilotons) (USD Million)
  6.4.2 Market estimates & forecast, by application, 2017 - 2028 (Kilotons) (USD Million)

CHAPTER 7 NORTH AMERICA PARAFFIN WAX & WAX EMULSIONS MARKET: COMPETITIVE ANALYSIS

7.1 Key Global Players & Recent Developments & Their Impact on the Industry
7.2 Vendor landscape
  7.2.1 List of Key Manufacturers
  7.2.2 List of Key Distributors and Channel Partners
  7.2.3 List of Key Raw Material Suppliers
  7.2.4 List of Potential Customers, by Country

CHAPTER 8 NORTH AMERICA PARAFFIN WAX & WAX EMULSIONS MARKET: COMPETITIVE LANDSCAPE

8.1 Dominion Chemical Company
  8.1.1 Company Overview
  8.1.2 Financial Performance
  8.1.3 Product Portfolio
8.2 Hexion
  8.2.1 Company Overview
  8.2.2 Financial Performance
  8.2.3 Product Portfolio
  8.2.4 Strategic Initiatives
8.3 The International Group, Inc.
  8.3.1 Company Overview
  8.3.2 Financial Performance
  8.3.3 Product Portfolio
8.4 Walker Industries
  8.4.1 Company Overview
  8.4.2 Financial Performance
  8.4.3 Product Portfolio
  8.4.4 Strategic Initiatives
8.5 Willamette Valley Company
  8.5.1 Company Overview
  8.5.2 Financial Performance
  8.5.3 Product Portfolio
8.6 Accu-Blend Corporation
  8.6.1 Company Overview
  8.6.2 Financial Performance
  8.6.3 Product Portfolio
8.7 KING HONOR INTERNATIONAL LTD
  8.7.1 Company Overview
  8.7.2 Financial Performance
  8.7.3 Product Portfolio
  8.7.4 Strategic Initiatives
8.8 Clariant
  8.8.1 Company Overview
  8.8.2 Financial Performance
  8.8.3 Product Portfolio
  8.8.4 Strategic Initiatives
8.9 Moretex Chemical
  8.9.1 Company Overview
  8.9.2 Financial Performance
  8.9.3 Product Portfolio
  8.9.4 Strategic Initiatives

LIST OF TABLES

Table 1 Key importers, by country, 2016 - 2020 (Tons)
Table 2 Key importers, by country, 2016 - 2020 (USD Thousand)
Table 3 Key importers, by country, 2016 - 2020 (Tons)
Table 4 Key importers, by country, 2016 - 2020 (USD Thousand)
Table 5 Key Exporters, by country, 2016 - 2020 (Tons)
Table 6 Key Exporters, by country, 2016 - 2020 (USD Thousand)
Table 7 Key Exporters, by country, 2016 - 2020 (Tons)
Table 8 Key Exporters, by country, 2016 - 2020 (USD Thousand)
Table 9 North America paraffin wax market volume, by application, 2017 - 2028 (Kilotons)
Table 10 North America paraffin wax market revenue, by application, 2017 - 2028 (USD Million)
Table 11 North America paraffin wax emulsions market volume, by application, 2017 - 2028 (Kilotons)
Table 12 North America paraffin wax emulsions market revenue, by application, 2017 - 2028 (USD Million)
Table 13 U.S. paraffin wax market volume, by application, 2017 - 2028 (Kilotons)
Table 14 U.S. paraffin wax market revenue, by application, 2017 - 2028 (USD Million)
Table 15 U.S. paraffin wax emulsions market volume, by application, 2017 - 2028 (Kilotons)
Table 16 U.S. paraffin wax emulsions market revenue, by application, 2017 - 2028 (USD Million)
Table 17 South Carolina paraffin wax market volume, by application, 2017 - 2028 (Kilotons)
Table 18 South Carolina paraffin wax market revenue, by application, 2017 - 2028 (USD Million)
Table 19 South Carolina paraffin wax emulsions market volume, by application, 2017 - 2028 (Kilotons)
Table 20 South Carolina paraffin wax emulsions market revenue, by application, 2017 - 2028 (USD Million)
Table 21 North Carolina paraffin wax market volume, by application, 2017 - 2028 (Kilotons)
Table 22 North Carolina paraffin wax market revenue, by application, 2017 - 2028 (USD Million)
Table 23 North Carolina paraffin wax emulsions market volume, by application, 2017 - 2028 (Kilotons)
Table 24 North Carolina paraffin wax emulsions market revenue, by application, 2017 - 2028 (USD Million)
Table 25 Arkansas paraffin wax market volume, by application, 2017 - 2028 (Kilotons)
Table 26 Arkansas paraffin wax market revenue, by application, 2017 - 2028 (USD Million)
Table 27 Arkansas paraffin wax emulsions market volume, by application, 2017 - 2028 (Kilotons)
Table 28 Arkansas paraffin wax emulsions market revenue, by application, 2017 - 2028 (USD Million)
Table 29 Oregon paraffin wax market volume, by application, 2017 - 2028 (Kilotons)
Table 30 Oregon paraffin wax market revenue, by application, 2017 - 2028 (USD Million)
Table 31 Oregon paraffin wax emulsions market volume, by application, 2017 - 2028 (Kilotons)
Table 32 Oregon paraffin wax emulsions market revenue, by application, 2017 - 2028 (USD Million)
Table 33 Michigan paraffin wax market volume, by application, 2017 - 2028 (Kilotons)
Table 34 Michigan paraffin wax market revenue, by application, 2017 - 2028 (USD Million)
Table 35 Michigan paraffin wax emulsions market volume, by application, 2017 - 2028 (Kilotons)
Table 36 Michigan paraffin wax emulsions market revenue, by application, 2017 - 2028 (USD Million)
Table 37 Canada paraffin wax market volume, by application, 2017 - 2028 (Kilotons)
Table 38 Canada paraffin wax market revenue, by application, 2017 - 2028 (USD Million)
Table 39 Canada paraffin wax emulsions market volume, by application, 2017 - 2028 (Kilotons)
Table 40 Canada paraffin wax emulsions market revenue, by application, 2017 - 2028 (USD Million)
Table 41 Ontario paraffin wax market volume, by application, 2017 - 2028 (Kilotons)
Table 42 Ontario paraffin wax market revenue, by application, 2017 - 2028 (USD Million)
Table 43 Ontario paraffin wax emulsions market volume, by application, 2017 - 2028 (Kilotons)
Table 44 Ontario paraffin wax emulsions market revenue, by application, 2017 - 2028 (USD Million)
Table 45 New Brunswick paraffin wax market volume, by application, 2017 - 2028 (Kilotons)
Table 46 New Brunswick paraffin wax market revenue, by application, 2017 - 2028 (USD Million)
Table 47 New Brunswick paraffin wax emulsions market volume, by application, 2017 - 2028 (Kilotons)
Table 48 New Brunswick paraffin wax emulsions market revenue, by application, 2017 - 2028 (USD Million)
Table 49 Mexico paraffin wax market volume, by application, 2017 - 2028 (Kilotons)
Table 50 Mexico paraffin wax market revenue, by application, 2017 - 2028 (USD Million)
Table 51 Mexico paraffin wax emulsions market volume, by application, 2017 - 2028 (Kilotons)
Table 52 Mexico paraffin wax emulsions market revenue, by application, 2017 - 2028 (USD Million)
Table 53 List of Key Manufacturers (Plants locations & capacity)
Table 54 List of Potential End Users For paraffin wax:
Table 55 List of Potential End Users For paraffin wax Emulsion:

LIST OF FIGURES

Fig. 1 North America paraffin wax & paraffin wax emulsions market segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 North America paraffin wax market outlook
Fig. 7 North America paraffin wax emulsions market outlook
Fig. 8 North America paraffin wax - Segmental outlook, 2020 (Kilotons)
Fig. 9 North America paraffin wax emulsions - Segmental outlook, 2020 (Kilotons)
Fig. 10 North America paraffin wax market: Value chain analysis
Fig. 11 North America paraffin wax emulsions market: Value chain analysis
Fig. 12 Paraffin wax, consumption, and production, U.S., 2016-2018
Fig. 13 North America paraffin wax & paraffin wax emulsions Market dynamics
Fig. 14 Corrugated Board Consumption in North America, 2017 - 2028 (Million tons)
Fig. 15 North America, Beauty & Personal Care industry, 2016 - 2028 (USD Billion)
Fig. 16 U.S. coating industry (2016-2021) (Kilotons)
Fig. 17 Raw materials & manufacturing process of paraffin wax & paraffin wax emulsions
Fig. 18 Crude Oil Price Trend, 2016-2019 (USD/Barrel)
Fig. 19 North America Paraffin Wax - Price Trend Analysis, 2017 - 2028
Fig. 20 North America paraffin wax market volume, by application, 2020 & 2028 (Kilotons)
Fig. 21 North America paraffin wax emulsions market volume, by application, 2020 & 2028 (Kilotons)
Fig. 22 North America paraffin wax market revenue, by country, 2020 & 2028 (Kilotons)
Fig. 23 North America paraffin wax emulsions market revenue, by country, 2020 & 2028 (Kilotons)


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