Europe Paraffin Market - Industry Trends and Forecast to 2030

List of Tables

The Europe paraffin market is expected to reach USD 3,080,240.34 thousand by 2030 from USD 4,245,257.86 thousand in 2022, growing at a CAGR of 4.1% during the forecast period of 2023 to 2030.

Market Segmentation:

Europe 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), Region (Western Europe, Northern Europe, Southern Europe, Eastern Europe) - Industry Trends and Forecast to 2030.

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

Drivers
Growing demand for water-resistant packaging materials
Restraints
Fluctuation in raw material prices
Opportunities
Development of bio-based paraffin products

Market Players:

The key players operating in the Europe paraffin market are:

Sasol
ENEOS Corporation
Exxon Mobil Corporation
Indian Oil Corporation Ltd
REPSOL
LANXESS
Reliance Industries Limited.
ENI S.p.A.
Shell Europe
H&R GROUP
FUCHS
Cepsa

1 INTRODUCTION 9

1.1 OBJECTIVES OF THE STUDY 9
1.2 MARKET DEFINITION 9
1.3 OVERVIEW 9
1.4 LIMITATIONS 10
1.5 MARKETS COVERED 10

2 MARKET SEGMENTATION 15

2.1 MARKETS COVERED 15
2.2 GEOGRAPHICAL SCOPE 16
2.3 YEARS CONSIDERED FOR THE STUDY 17
2.4 CURRENCY AND PRICING 17
2.5 DBMR TRIPOD DATA VALIDATION MODEL 18
2.6 TYPE LIFE LINE CURVE 21
2.7 MULTIVARIATE MODELING 22
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 23
2.9 DBMR MARKET POSITION GRID 24
2.10 MARKET APPLICATION COVERAGE GRID 25
2.11 DBMR MARKET CHALLENGE MATRIX 26
2.12 DBMR VENDOR SHARE ANALYSIS 27
2.13 SECONDARY SOURCES 28
2.14 ASSUMPTIONS 29

3 EXECUTIVE SUMMARY 30

4 PREMIUM INSIGHTS 32

4.1 PESTLE ANALYSIS 33
- 4.1.1 POLITICAL FACTORS 33
- 4.1.2 ECONOMIC FACTORS 33
- 4.1.3 SOCIAL FACTORS 34
- 4.1.4 TECHNOLOGICAL FACTORS 34
- 4.1.5 LEGAL FACTORS 34
- 4.1.6 ENVIRONMENTAL FACTORS 34
4.2 PORTER'S FIVE FORCES: 35
- 4.2.1 THE THREAT OF NEW ENTRANTS 35
- 4.2.2 THE THREAT OF SUBSTITUTES 36
- 4.2.3 CUSTOMER BARGAINING POWER 36
- 4.2.4 SUPPLIER BARGAINING POWER 36
- 4.2.5 INTERNAL COMPETITION (RIVALRY) 36
4.3 CLIMATE CHANGE SCENARIO 37
- 4.3.1 ENVIRONMENTAL CONCERNS 37
- 4.3.2 INDUSTRY RESPONSE 37
- 4.3.3 GOVERNMENT'S ROLE 37
- 4.3.4 ANALYST RECOMMENDATION 37
4.4 CONSUMER BUYING FACTORS ANALYSIS 38
- 4.4.1 OVERVIEW 38
- 4.4.2 APPLICATION AND INTENDED USE 38
- 4.4.3 BRAND REPUTATION 38
- 4.4.4 AVAILABILITY AND CONVENIENCE OF SHIPMENT 39
4.5 CONSUMER PREFERENCE AND BEHAVIOUR 40
- 4.5.1 QUALITY AND PERFORMANCE 40
- 4.5.2 APPLICATION-SPECIFIC CHARACTERISTICS 40
- 4.5.3 PRICE AND VALUE 40
- 4.5.4 SUSTAINABILITY AND ENVIRONMENTAL CONSIDERATIONS 40
- 4.5.5 SUPPLIER RELIABILITY AND TRUST 40
- 4.5.6 TECHNICAL SUPPORT AND EXPERTISE 41
4.6 PRODUCTION CONSUMPTION ANALYSIS 42
4.7 RAW MATERIAL COVERAGE 43
4.8 SUPPLY CHAIN ANALYSIS 44
- 4.8.1 OVERVIEW 44
- 4.8.2 LOGISTIC COST SCENARIO 44
- 4.8.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 45
4.9 TECHNOLOGICAL ADVANCEMENT BY MANUFACTURERS 46
- 4.9.1 ADVANCED REFINING TECHNIQUES 46
- 4.9.2 MOLECULAR MODIFICATION 46
- 4.9.3 MICROENCAPSULATION AND NANOENCAPSULATION 46
- 4.9.4 PHASE CHANGE MATERIALS (PCMS) 46
- 4.9.5 BIODEGRADABLE AND SUSTAINABLE PARAFFIN ALTERNATIVES 46
- 4.9.6 QUALITY CONTROL AND ANALYTICAL TECHNIQUES 47
4.10 VENDOR SELECTION CRITERIA 48

5 REGULATORY FRAMEWORK AND GUIDELINES 50

5.1 REGULATORY FRAMEWORK AND GUIDELINES 50

6 MARKET OVERVIEW 52

6.1 DRIVERS 54
- 6.1.1 EXTENSIVE USAGE OF PARAFFIN IN THE AUTOMOTIVE SECTOR 54
- 6.1.2 POSITIVE OUTLOOK TOWARD BEAUTY & PERSONAL CARE PRODUCTS 55
- 6.1.3 GROWING DEMAND FOR WATER-RESISTANT PACKAGING MATERIALS 55
6.2 RESTRAINTS 56
- 6.2.1 SHIFTING PREFERENCE TOWARDS RENEWABLE AND SUSTAINABLE ALTERNATIVES 56
- 6.2.2 FLUCTUATION IN RAW MATERIAL PRICES 57
6.3 OPPORTUNITIES 59
- 6.3.1 DEVELOPMENT OF BIO-BASED PARAFFIN PRODUCTS 59
- 6.3.2 SIGNIFICANT RISE IN THE UTILIZATION OF INVESTMENT CASTING 59
6.4 CHALLENGE 60
- 6.4.1 STRINGENT RULES AND REGULATIONS 60

7 EUROPE PARAFFIN MARKET, BY REGION 62

7.1 EUROPE 63

8 EUROPE PARAFFIN MARKET: COMPANY LANDSCAPE 66

8.1 COMPANY SHARE ANALYSIS: EUROPE 66

9 SWOT ANALYSIS 67

10 COMPANY PROFILES 68

10.1 EXXON MOBIL CORPORATION 68
- 10.1.1 COMPANY SNAPSHOT 68
- 10.1.2 REVENUE ANALYSIS 68
- 10.1.3 COMPANY SHARE ANALYSIS 69
- 10.1.4 PRODUCT PORTFOLIO 69
- 10.1.5 RECENT DEVELOPMENTS 70
10.2 REPSOL 71
- 10.2.1 COMPANY SNAPSHOT 71
- 10.2.2 REVENUE ANALYSIS 71
- 10.2.3 COMPANY SHARE ANALYSIS 72
- 10.2.4 PRODUCT PORTFOLIO 72
- 10.2.5 RECENT DEVELOPMENT 72
10.3 SHELL EUROPE 73
- 10.3.1 COMPANY SNAPSHOT 73
- 10.3.2 REVENUE ANALYSIS 73
- 10.3.3 COMPANY SHARE ANALYSIS 74
- 10.3.4 PRODUCT PORTFOLIO 74
- 10.3.5 RECENT DEVELOPMENTS 75
10.4 RELIANCE INDUSTRIES LIMITED 76
- 10.4.1 COMPANY SNAPSHOT 76
- 10.4.2 REVENUE ANALYSIS 76
- 10.4.3 COMPANY SHARE ANALYSIS 77
- 10.4.4 PRODUCT PORTFOLIO 77
- 10.4.5 RECENT DEVELOPMENT 77
10.5 ENEOS CORPORATION 78
- 10.5.1 COMPANY SNAPSHOT 78
- 10.5.2 REVENUE ANALYSIS 78
- 10.5.3 COMPANY SHARE ANALYSIS 79
- 10.5.4 PRODUCT PORTFOLIO 79
- 10.5.5 RECENT DEVELOPMENT 79
10.6 ADINATH CHEMICALS 80
- 10.6.1 COMPANY SNAPSHOT 80
- 10.6.2 PRODUCT PORTFOLIO 80
- 10.6.3 RECENT DEVELOPMENT 80
10.7 BHARAT PETROLEUM CORPORATION LIMITED 81
- 10.7.1 COMPANY SNAPSHOT 81
- 10.7.2 REVENUE ANALYSIS 81
- 10.7.3 PRODUCT PORTFOLIO 82
- 10.7.4 RECENT DEVELOPMENT 82
10.8 CALUMET SPECIALTY PRODUCTS PARTNERS, L.P. 83
- 10.8.1 COMPANY SNAPSHOT 83
- 10.8.2 REVENUE ANALYSIS 83
- 10.8.3 PRODUCT PORTFOLIO 84
- 10.8.4 RECENT DEVELOPMENT 84
10.9 CEPSA 85
- 10.9.1 COMPANY SNAPSHOT 85
- 10.9.2 PRODUCT PORTFOLIO 85
- 10.9.3 RECENT DEVELOPMENT 85
10.10 ENI S.P.A. 86
- 10.10.1 COMPANY SNAPSHOT 86
- 10.10.2 REVENUE ANALYSIS 86
- 10.10.3 PRODUCT PORTFOLIO 87
- 10.10.4 RECENT DEVELOPMENTS 87
10.11 FARABI PETROCHEMICALS CO. 88
- 10.11.1 COMPANY SNAPSHOT 88
- 10.11.2 PRODUCT PORTFOLIO 88
- 10.11.3 RECENT DEVELOPMENT 88
10.12 FUCHS 89
- 10.12.1 COMPANY SNAPSHOT 89
- 10.12.2 REVENUE ANALYSIS 89
- 10.12.3 PRODUCT PORTFOLIO 90
- 10.12.4 RECENT DEVELOPMENT 90
10.13 H&R GROUP 91
- 10.13.1 COMPANY SNAPSHOT 91
- 10.13.2 REVENUE ANALYSIS 91
- 10.13.3 PRODUCT PORTFOLIO 92
- 10.13.4 RECENT UPDATES 92
10.14 INDIAN OIL CORPORATION LTD 93
- 10.14.1 COMPANY SNAPSHOT 93
- 10.14.2 REVENUE ANALYSIS 93
- 10.14.3 PRODUCT PORTFOLIO 94
- 10.14.4 RECENT DEVELOPMENT 94
10.15 INDUSTRIAL RAW MATERIALS LLC. 95
- 10.15.1 COMPANY SNAPSHOT 95
- 10.15.2 PRODUCT PORTFOLIO 95
- 10.15.3 RECENT DEVELOPMENT 95
10.16 LANXESS 96
- 10.16.1 COMPANY SNAPSHOT 96
- 10.16.2 PRODUCT PORTFOLIO 96
- 10.16.3 REVENUE ANALYSIS 97
- 10.16.4 RECENT DEVELOPMENT 97
10.17 SASOL LIMITED. 98
- 10.17.1 COMPANY SNAPSHOT 98
- 10.17.2 REVENUE ANALYSIS 98
- 10.17.3 PRODUCT PORTFOLIO 99
- 10.17.4 RECENT DEVELOPMENTS 99
10.18 THE INTERNATIONAL GROUP, INC. 100
- 10.18.1 COMPANY SNAPSHOT 100
- 10.18.2 PRODUCT PORTFOLIO 100
- 10.18.3 RECENT DEVELOPMENT 100
10.19 UNICORN. 101
- 10.19.1 COMPANY SNAPSHOT 101
- 10.19.2 PRODUCT PORTFOLIO 101
- 10.19.3 RECENT DEVELOPMENT 101

11 QUESTIONNAIRE 102

12 RELATED REPORTS 105

LIST OF FIGURES

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