Paraffin oil is basically a mineral oil and is known as a by-product of crude oil distillation. It is transparent, odorless, colorless, and tasteless oil, which is mainly composed of high-boiling alkane derivatives. Paraffin oil has medicinal properties. Paraffin oil is a hydrating and cleansing agent. Hence, it is utilized in several cosmetics, both for skin and hair products. It is commonly applied to treat dry skin, constipation, and eczema.
MARKET DYNAMICS
The paraffin oil market has witnessed significant growth owing to factors such as wider application in food, cosmetics & personal care, paperboard & packaging, textile auxiliaries, and others. With an increasing focus toward aging population, personal appearance, rise in disposable income, and quality of living, the use of cosmetic & personal care products is increasing, which is further propelling the studied market growth. However, the development of bio-based products is expected to hinder the growth of the paraffin market in the forecast period. Nevertheless, with the steady growth in the packaging industry and cosmetic industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Paraffin Oil Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the paraffin oil market with detailed market segmentation by type, application, and geography. The global paraffin oil market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading paraffin oil market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global paraffin oil market is segmented on the basis of type and application. On the basis of type, the paraffin oil market is segmented into industrial paraffin oil and medical paraffin oil. The paraffin oil market on the basis of the application is classified into food, cosmetics & personal care, paperboard & packaging, textile auxiliaries, and other.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global paraffin oil market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The paraffin oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the paraffin oil market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the paraffin oil market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global paraffin oil market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The paraffin oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the paraffin oil market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the paraffin oil market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global paraffin oil market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from paraffin oil market are anticipated to lucrative growth opportunities in the future with the rising demand for paraffin oil in the global market. Below mentioned is the list of few companies engaged in the paraffin oil market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the paraffin oil market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aromachimie Ltd
- Calumet Specialty Products Partners LP
- China Petroleum & Chemical Corporation (Sinopec Corp)
- Exxon Mobil Corporation.
- H and R GROUP
- HollyFrontier Refining & Marketing LLC
- Indian Oil Corporation Ltd
- JXTG Nippon Oil & Energy Corporation
- LANXESS
- Sasol
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Paraffin Oil Market - By Type
1.3.2 Paraffin Oil Market - By Application
1.3.3 Paraffin Oil Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PARAFFIN OIL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. PARAFFIN OIL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. PARAFFIN OIL MARKET - GLOBAL MARKET ANALYSIS
6.1. PARAFFIN OIL - GLOBAL MARKET OVERVIEW
6.2. PARAFFIN OIL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PARAFFIN OIL MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. INDUSTRIAL PARAFFIN OIL
7.3.1. Overview
7.3.2. Industrial Paraffin Oil Market Forecast and Analysis
7.4. MEDICAL PARAFFIN OIL
7.4.1. Overview
7.4.2. Medical Paraffin Oil Market Forecast and Analysis
8. PARAFFIN OIL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FOOD
8.3.1. Overview
8.3.2. Food Market Forecast and Analysis
8.4. COSMETICS AND PERSONAL CARE
8.4.1. Overview
8.4.2. Cosmetics and Personal Care Market Forecast and Analysis
8.5. PAPERBOARD AND PACKAGING
8.5.1. Overview
8.5.2. Paperboard and Packaging Market Forecast and Analysis
8.6. TEXTILE AUXILIARIES
8.6.1. Overview
8.6.2. Textile Auxiliaries Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. PARAFFIN OIL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Paraffin Oil Market Overview
9.1.2 North America Paraffin Oil Market Forecasts and Analysis
9.1.3 North America Paraffin Oil Market Forecasts and Analysis - By Type
9.1.4 North America Paraffin Oil Market Forecasts and Analysis - By Application
9.1.5 North America Paraffin Oil Market Forecasts and Analysis - By Countries
9.1.5.1 United States Paraffin Oil Market
9.1.5.1.1 United States Paraffin Oil Market by Type
9.1.5.1.2 United States Paraffin Oil Market by Application
9.1.5.2 Canada Paraffin Oil Market
9.1.5.2.1 Canada Paraffin Oil Market by Type
9.1.5.2.2 Canada Paraffin Oil Market by Application
9.1.5.3 Mexico Paraffin Oil Market
9.1.5.3.1 Mexico Paraffin Oil Market by Type
9.1.5.3.2 Mexico Paraffin Oil Market by Application
9.2. EUROPE
9.2.1 Europe Paraffin Oil Market Overview
9.2.2 Europe Paraffin Oil Market Forecasts and Analysis
9.2.3 Europe Paraffin Oil Market Forecasts and Analysis - By Type
9.2.4 Europe Paraffin Oil Market Forecasts and Analysis - By Application
9.2.5 Europe Paraffin Oil Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Paraffin Oil Market
9.2.5.1.1 Germany Paraffin Oil Market by Type
9.2.5.1.2 Germany Paraffin Oil Market by Application
9.2.5.2 France Paraffin Oil Market
9.2.5.2.1 France Paraffin Oil Market by Type
9.2.5.2.2 France Paraffin Oil Market by Application
9.2.5.3 Italy Paraffin Oil Market
9.2.5.3.1 Italy Paraffin Oil Market by Type
9.2.5.3.2 Italy Paraffin Oil Market by Application
9.2.5.4 United Kingdom Paraffin Oil Market
9.2.5.4.1 United Kingdom Paraffin Oil Market by Type
9.2.5.4.2 United Kingdom Paraffin Oil Market by Application
9.2.5.5 Russia Paraffin Oil Market
9.2.5.5.1 Russia Paraffin Oil Market by Type
9.2.5.5.2 Russia Paraffin Oil Market by Application
9.2.5.6 Rest of Europe Paraffin Oil Market
9.2.5.6.1 Rest of Europe Paraffin Oil Market by Type
9.2.5.6.2 Rest of Europe Paraffin Oil Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Paraffin Oil Market Overview
9.3.2 Asia-Pacific Paraffin Oil Market Forecasts and Analysis
9.3.3 Asia-Pacific Paraffin Oil Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Paraffin Oil Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Paraffin Oil Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Paraffin Oil Market
9.3.5.1.1 Australia Paraffin Oil Market by Type
9.3.5.1.2 Australia Paraffin Oil Market by Application
9.3.5.2 China Paraffin Oil Market
9.3.5.2.1 China Paraffin Oil Market by Type
9.3.5.2.2 China Paraffin Oil Market by Application
9.3.5.3 India Paraffin Oil Market
9.3.5.3.1 India Paraffin Oil Market by Type
9.3.5.3.2 India Paraffin Oil Market by Application
9.3.5.4 Japan Paraffin Oil Market
9.3.5.4.1 Japan Paraffin Oil Market by Type
9.3.5.4.2 Japan Paraffin Oil Market by Application
9.3.5.5 South Korea Paraffin Oil Market
9.3.5.5.1 South Korea Paraffin Oil Market by Type
9.3.5.5.2 South Korea Paraffin Oil Market by Application
9.3.5.6 Rest of Asia-Pacific Paraffin Oil Market
9.3.5.6.1 Rest of Asia-Pacific Paraffin Oil Market by Type
9.3.5.6.2 Rest of Asia-Pacific Paraffin Oil Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Paraffin Oil Market Overview
9.4.2 Middle East and Africa Paraffin Oil Market Forecasts and Analysis
9.4.3 Middle East and Africa Paraffin Oil Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Paraffin Oil Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Paraffin Oil Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Paraffin Oil Market
9.4.5.1.1 South Africa Paraffin Oil Market by Type
9.4.5.1.2 South Africa Paraffin Oil Market by Application
9.4.5.2 Saudi Arabia Paraffin Oil Market
9.4.5.2.1 Saudi Arabia Paraffin Oil Market by Type
9.4.5.2.2 Saudi Arabia Paraffin Oil Market by Application
9.4.5.3 U.A.E Paraffin Oil Market
9.4.5.3.1 U.A.E Paraffin Oil Market by Type
9.4.5.3.2 U.A.E Paraffin Oil Market by Application
9.4.5.4 Rest of Middle East and Africa Paraffin Oil Market
9.4.5.4.1 Rest of Middle East and Africa Paraffin Oil Market by Type
9.4.5.4.2 Rest of Middle East and Africa Paraffin Oil Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Paraffin Oil Market Overview
9.5.2 South and Central America Paraffin Oil Market Forecasts and Analysis
9.5.3 South and Central America Paraffin Oil Market Forecasts and Analysis - By Type
9.5.4 South and Central America Paraffin Oil Market Forecasts and Analysis - By Application
9.5.5 South and Central America Paraffin Oil Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Paraffin Oil Market
9.5.5.1.1 Brazil Paraffin Oil Market by Type
9.5.5.1.2 Brazil Paraffin Oil Market by Application
9.5.5.2 Argentina Paraffin Oil Market
9.5.5.2.1 Argentina Paraffin Oil Market by Type
9.5.5.2.2 Argentina Paraffin Oil Market by Application
9.5.5.3 Rest of South and Central America Paraffin Oil Market
9.5.5.3.1 Rest of South and Central America Paraffin Oil Market by Type
9.5.5.3.2 Rest of South and Central America Paraffin Oil Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PARAFFIN OIL MARKET, KEY COMPANY PROFILES
11.1. AROMACHIMIE LTD
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CALUMET SPECIALTY PRODUCTS PARTNERS LP
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CHINA PETROLEUM AND CHEMICAL CORPORATION (SINOPEC CORP)
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. EXXON MOBIL CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. H AND R GROUP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HOLLYFRONTIER REFINING AND MARKETING LLC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. INDIAN OIL CORPORATION LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. JXTG NIPPON OIL AND ENERGY CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. LANXESS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SASOL
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Aromachimie Ltd
2. Calumet Specialty Products Partners LP
3. China Petroleum and Chemical Corporation (Sinopec Corp)
4. Exxon Mobil Corporation
5. H and R GROUP
6. HollyFrontier Refining and Marketing LLC
7. Indian Oil Corporation Ltd
8. JXTG Nippon Oil and Energy Corporation
9. LANXESS
10. Sasol
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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