APAC Paraffin Market - Industry Trends and Forecast to 2030

List of Tables

The Asia-Pacific paraffin market is expected to reach USD 4,771,330.59 thousand by 2030 from USD 6,756,779.72 thousand in 2022, growing at a CAGR of 4.5% during the forecast period of 2023 to 2030.

Market Segmentation:

Asia-Pacific Paraffin Market, By Product (Paraffin Wax, Liquid Paraffin, Kerosene Paraffins, and Petroleum Jelly), By Form (Solid and Liquid), Application (Cosmetic/Personal Care, Lighting/Candles, Paper/Packaging, Polymers, Food, Tires/Rubbers, Fuel, Coatings/Inks, Pharmaceuticals, Agriculture, Adhesives, Textile, Lubricants, and Others), Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Philippines, Thailand, Singapore, Malaysia, and rest of Asia-Pacific) - Industry Trends and Forecast to 2030.

Some of the major factors contributing to the growth of the Asia-Pacific paraffin market:

Drivers
Positive outlook toward beauty & personal care products
Restraints
Fluctuation in raw material prices
Opportunities
Significant rise in utilization of investment casting

Market Players:

The key players operating in the Asia-Pacific paraffin market are:

Sasol
ENEOS Corporation
Exxon Mobil Corporation
Bharat Petroleum Corporation Limited
Indian Oil Corporation Ltd
LANXESS
Reliance Industries Limited.
ENI S.p.A.
Shell Asia-Pacific
H&R GROUP
FUCHS
Cepsa
Unicorn

1 INTRODUCTION 10

1.1 OBJECTIVES OF THE STUDY 10
1.2 MARKET DEFINITION 10
1.3 OVERVIEW 10
1.4 LIMITATIONS 11
1.5 MARKETS COVERED 11

2 MARKET SEGMENTATION 16

2.1 MARKETS COVERED 16
2.2 GEOGRAPHICAL SCOPE 17
2.3 YEARS CONSIDERED FOR THE STUDY 18
2.4 CURRENCY AND PRICING 18
2.5 DBMR TRIPOD DATA VALIDATION MODEL 19
2.6 TYPE LIFE LINE CURVE 22
2.7 MULTIVARIATE MODELING 23
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 24
2.9 DBMR MARKET POSITION GRID 25
2.10 MARKET APPLICATION COVERAGE GRID 26
2.11 DBMR MARKET CHALLENGE MATRIX 27
2.12 DBMR VENDOR SHARE ANALYSIS 28
2.13 SECONDARY SOURCES 29
2.14 ASSUMPTIONS 30

3 EXECUTIVE SUMMARY 31

4 PREMIUM INSIGHTS 33

4.1 PESTLE ANALYSIS 34
- 4.1.1 POLITICAL FACTORS 34
- 4.1.2 ECONOMIC FACTORS 34
- 4.1.3 SOCIAL FACTORS 35
- 4.1.4 TECHNOLOGICAL FACTORS 35
- 4.1.5 LEGAL FACTORS 35
- 4.1.6 ENVIRONMENTAL FACTORS 35
4.2 PORTER'S FIVE FORCES: 36
- 4.2.1 THE THREAT OF NEW ENTRANTS 36
- 4.2.2 THE THREAT OF SUBSTITUTES 37
- 4.2.3 CUSTOMER BARGAINING POWER 37
- 4.2.4 SUPPLIER BARGAINING POWER 37
- 4.2.5 INTERNAL COMPETITION (RIVALRY) 37
4.3 CLIMATE CHANGE SCENARIO 38
- 4.3.1 ENVIRONMENTAL CONCERNS 38
- 4.3.2 INDUSTRY RESPONSE 38
- 4.3.3 GOVERNMENT'S ROLE 38
- 4.3.4 ANALYST RECOMMENDATION 38
4.4 CONSUMER BUYING FACTORS ANALYSIS 39
- 4.4.1 OVERVIEW 39
- 4.4.2 APPLICATION AND INTENDED USE 39
- 4.4.3 BRAND REPUTATION 39
- 4.4.4 AVAILABILITY AND CONVENIENCE OF SHIPMENT 40
4.5 CONSUMER PREFERENCE AND BEHAVIOUR 41
- 4.5.1 QUALITY AND PERFORMANCE 41
- 4.5.2 APPLICATION-SPECIFIC CHARACTERISTICS 41
- 4.5.3 PRICE AND VALUE 41
- 4.5.4 SUSTAINABILITY AND ENVIRONMENTAL CONSIDERATIONS 41
- 4.5.5 SUPPLIER RELIABILITY AND TRUST 41
- 4.5.6 TECHNICAL SUPPORT AND EXPERTISE 42
4.6 PRODUCTION CONSUMPTION ANALYSIS 43
4.7 RAW MATERIAL COVERAGE 44
4.8 SUPPLY CHAIN ANALYSIS 45
- 4.8.1 OVERVIEW 45
- 4.8.2 LOGISTIC COST SCENARIO 45
- 4.8.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 46
4.9 TECHNOLOGICAL ADVANCEMENT BY MANUFACTURERS 47
- 4.9.1 ADVANCED REFINING TECHNIQUES 47
- 4.9.2 MOLECULAR MODIFICATION 47
- 4.9.3 MICROENCAPSULATION AND NANOENCAPSULATION 47
- 4.9.4 PHASE CHANGE MATERIALS (PCMS) 47
- 4.9.5 BIODEGRADABLE AND SUSTAINABLE PARAFFIN ALTERNATIVES 47
- 4.9.6 QUALITY CONTROL AND ANALYTICAL TECHNIQUES 48
4.10 VENDOR SELECTION CRITERIA 49

5 REGULATORY FRAMEWORK AND GUIDELINES 51

5.1 REGULATORY FRAMEWORK AND GUIDELINES 51

6 MARKET OVERVIEW 53

6.1 DRIVERS 55
- 6.1.1 EXTENSIVE USAGE OF PARAFFIN IN THE AUTOMOTIVE SECTOR 55
- 6.1.2 POSITIVE OUTLOOK TOWARD BEAUTY & PERSONAL CARE PRODUCTS 56
- 6.1.3 GROWING DEMAND FOR WATER-RESISTANT PACKAGING MATERIALS 56
6.2 RESTRAINTS 57
- 6.2.1 SHIFTING PREFERENCE TOWARDS RENEWABLE AND SUSTAINABLE ALTERNATIVES 57
- 6.2.2 FLUCTUATION IN RAW MATERIAL PRICES 58
6.3 OPPORTUNITIES 60
- 6.3.1 DEVELOPMENT OF BIO-BASED PARAFFIN PRODUCTS 60
- 6.3.2 SIGNIFICANT RISE IN THE UTILIZATION OF INVESTMENT CASTING 60
6.4 CHALLENGE 61
- 6.4.1 STRINGENT RULES AND REGULATIONS 61

7 ASIA PACIFIC PARAFFIN MARKET, BY REGION 63

7.1 ASIA-PACIFIC 64

8 ASIA PACIFIC PARAFFIN MARKET: COMPANY LANDSCAPE 67

8.1 COMPANY SHARE ANALYSIS: ASIA PACIFIC 67

9 SWOT ANALYSIS 68

10 COMPANY PROFILES 69

10.1 EXXON MOBIL CORPORATION 69
- 10.1.1 COMPANY SNAPSHOT 69
- 10.1.2 REVENUE ANALYSIS 69
- 10.1.3 COMPANY SHARE ANALYSIS 70
- 10.1.4 PRODUCT PORTFOLIO 70
- 10.1.5 RECENT DEVELOPMENTS 71
10.2 REPSOL 72
- 10.2.1 COMPANY SNAPSHOT 72
- 10.2.2 REVENUE ANALYSIS 72
- 10.2.3 COMPANY SHARE ANALYSIS 73
- 10.2.4 PRODUCT PORTFOLIO 73
- 10.2.5 RECENT DEVELOPMENT 73
10.3 SHELL ASIA PACIFIC 74
- 10.3.1 COMPANY SNAPSHOT 74
- 10.3.2 REVENUE ANALYSIS 74
- 10.3.3 COMPANY SHARE ANALYSIS 75
- 10.3.4 PRODUCT PORTFOLIO 75
- 10.3.5 RECENT DEVELOPMENTS 76
10.4 RELIANCE INDUSTRIES LIMITED 77
- 10.4.1 COMPANY SNAPSHOT 77
- 10.4.2 REVENUE ANALYSIS 77
- 10.4.3 COMPANY SHARE ANALYSIS 78
- 10.4.4 PRODUCT PORTFOLIO 78
- 10.4.5 RECENT DEVELOPMENT 78
10.5 ENEOS CORPORATION 79
- 10.5.1 COMPANY SNAPSHOT 79
- 10.5.2 REVENUE ANALYSIS 79
- 10.5.3 COMPANY SHARE ANALYSIS 80
- 10.5.4 PRODUCT PORTFOLIO 80
- 10.5.5 RECENT DEVELOPMENT 80
10.6 ADINATH CHEMICALS 81
- 10.6.1 COMPANY SNAPSHOT 81
- 10.6.2 PRODUCT PORTFOLIO 81
- 10.6.3 RECENT DEVELOPMENT 81
10.7 BHARAT PETROLEUM CORPORATION LIMITED 82
- 10.7.1 COMPANY SNAPSHOT 82
- 10.7.2 REVENUE ANALYSIS 82
- 10.7.3 PRODUCT PORTFOLIO 83
- 10.7.4 RECENT DEVELOPMENT 83
10.8 CALUMET SPECIALTY PRODUCTS PARTNERS, L.P. 84
- 10.8.1 COMPANY SNAPSHOT 84
- 10.8.2 REVENUE ANALYSIS 84
- 10.8.3 PRODUCT PORTFOLIO 85
- 10.8.4 RECENT DEVELOPMENT 85
10.9 CEPSA 86
- 10.9.1 COMPANY SNAPSHOT 86
- 10.9.2 PRODUCT PORTFOLIO 86
- 10.9.3 RECENT DEVELOPMENT 86
10.10 ENI S.P.A. 87
- 10.10.1 COMPANY SNAPSHOT 87
- 10.10.2 REVENUE ANALYSIS 87
- 10.10.3 PRODUCT PORTFOLIO 88
- 10.10.4 RECENT DEVELOPMENTS 88
10.11 FARABI PETROCHEMICALS CO. 89
- 10.11.1 COMPANY SNAPSHOT 89
- 10.11.2 PRODUCT PORTFOLIO 89
- 10.11.3 RECENT DEVELOPMENT 89
10.12 FUCHS 90
- 10.12.1 COMPANY SNAPSHOT 90
- 10.12.2 REVENUE ANALYSIS 90
- 10.12.3 PRODUCT PORTFOLIO 91
- 10.12.4 RECENT DEVELOPMENT 91
10.13 H&R GROUP 92
- 10.13.1 COMPANY SNAPSHOT 92
- 10.13.2 REVENUE ANALYSIS 92
- 10.13.3 PRODUCT PORTFOLIO 93
- 10.13.4 RECENT UPDATES 93
10.14 INDIAN OIL CORPORATION LTD 94
- 10.14.1 COMPANY SNAPSHOT 94
- 10.14.2 REVENUE ANALYSIS 94
- 10.14.3 PRODUCT PORTFOLIO 95
- 10.14.4 RECENT DEVELOPMENT 95
10.15 INDUSTRIAL RAW MATERIALS LLC. 96
- 10.15.1 COMPANY SNAPSHOT 96
- 10.15.2 PRODUCT PORTFOLIO 96
- 10.15.3 RECENT DEVELOPMENT 96
10.16 LANXESS 97
- 10.16.1 COMPANY SNAPSHOT 97
- 10.16.2 PRODUCT PORTFOLIO 97
- 10.16.3 REVENUE ANALYSIS 98
- 10.16.4 RECENT DEVELOPMENT 98
10.17 SASOL LIMITED. 99
- 10.17.1 COMPANY SNAPSHOT 99
- 10.17.2 REVENUE ANALYSIS 99
- 10.17.3 PRODUCT PORTFOLIO 100
- 10.17.4 RECENT DEVELOPMENTS 100
10.18 THE INTERNATIONAL GROUP, INC. 101
- 10.18.1 COMPANY SNAPSHOT 101
- 10.18.2 PRODUCT PORTFOLIO 101
- 10.18.3 RECENT DEVELOPMENT 101
10.19 UNICORN. 102
- 10.19.1 COMPANY SNAPSHOT 102
- 10.19.2 PRODUCT PORTFOLIO 102
- 10.19.3 RECENT DEVELOPMENT 102

11 QUESTIONNAIRE 103

12 RELATED REPORTS 106

LIST OF FIGURES

FIGURE 1 ASIA PACIFIC PARAFFIN MARKET 15
FIGURE 2 ASIA PACIFIC PARAFFIN MARKET: DATA TRIANGULATION 18
FIGURE 3 ASIA PACIFIC PARAFFIN MARKET: DROC ANALYSIS 19
FIGURE 4 ASIA PACIFIC PARAFFIN MARKET: ASIA PACIFIC VS REGIONAL MARKET ANALYSIS 20
FIGURE 5 ASIA PACIFIC PARAFFIN MARKET: COMPANY RESEARCH ANALYSIS 20
FIGURE 6 ASIA PACIFIC PARAFFIN MARKET: THE TYPE LIFE LINE CURVE 21
FIGURE 7 ASIA PACIFIC PARAFFIN MARKET: MULTIVARIATE MODELLING 22
FIGURE 8 ASIA PACIFIC PARAFFIN MARKET: INTERVIEW DEMOGRAPHICS 23
FIGURE 9 ASIA PACIFIC PARAFFIN MARKET: DBMR MARKET POSITION GRID 24
FIGURE 10 ASIA PACIFIC PARAFFIN MARKET: MARKET APPLICATION COVERAGE GRID 25
FIGURE 11 ASIA PACIFIC PARAFFIN MARKET: THE MARKET CHALLENGE MATRIX 26
FIGURE 12 ASIA PACIFIC PARAFFIN MARKET: VENDOR SHARE ANALYSIS 27
FIGURE 13 ASIA PACIFIC PARAFFIN MARKET: SEGMENTATION 31
FIGURE 14 GROWING DEMAND FOR PARAFFIN IN COSMETICS INDUSTRY IS EXPECTED TO DRIVE THE ASIA PACIFIC PARAFFIN MARKET IN THE FORECAST PERIOD 32
FIGURE 15 THE PARAFFIN WAX IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE ASIA PACIFIC PARAFFIN MARKET IN 2023 AND 2030 32
FIGURE 16 VENDOR SELECTION CRITERIA 48
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE ASIA PACIFIC PARAFFIN MARKET 53
FIGURE 18 FLUCTUATION IN PRICES OF CRUDE OIL ( 2018- 2022) 58
FIGURE 19 ASIA-PACIFIC PARAFFIN MARKET: SNAPSHOT (2022) 63
FIGURE 20 ASIA-PACIFIC PARAFFIN MARKET: BY COUNTRY (2022) 64
FIGURE 21 ASIA-PACIFIC PARAFFIN MARKET: BY COUNTRY (2023 & 2030) 64
FIGURE 22 ASIA-PACIFIC PARAFFIN MARKET: BY COUNTRY (2022 & 2030) 65
FIGURE 23 ASIA-PACIFIC PARAFFIN MARKET: BY CATEGORY (2023 - 2030) 65
FIGURE 24 ASIA PACIFIC PARAFFIN MARKET: COMPANY SHARE 2022 (%) 66