Food-grade paraffin wax is composed of vegetable oils, palm oil derivatives, synthetic resins and other materials. Paraffin wax acts as a chemical preservative for food and helps foods look great and continue to stay fresh.
This report contains market size and forecasts of Food Grade Paraffin Wax in global, including the following market information:
Global Food Grade Paraffin Wax Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Food Grade Paraffin Wax Market Sales, 2017-2022, 2023-2028, (K Tons)
Global top five Food Grade Paraffin Wax companies in 2021 (%)
The global Food Grade Paraffin Wax market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Fully Refined Wax Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Food Grade Paraffin Wax include China Petrochemical Corporation, ExxonMobil, The International Group, NIPPON SEIRO, Fuchs Petrolub, Numaligarh Refinery Limited, Repsol, H&R GROUP and Indian Oil Corporation, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Food Grade Paraffin Wax manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Food Grade Paraffin Wax Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Tons)
Global Food Grade Paraffin Wax Market Segment Percentages, by Type, 2021 (%)
Fully Refined Wax
Semi-Refined Wax
Global Food Grade Paraffin Wax Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Tons)
Global Food Grade Paraffin Wax Market Segment Percentages, by Application, 2021 (%)
Candles
Food Packaging
Others
Global Food Grade Paraffin Wax Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Tons)
Global Food Grade Paraffin Wax Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Food Grade Paraffin Wax revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Food Grade Paraffin Wax revenues share in global market, 2021 (%)
Key companies Food Grade Paraffin Wax sales in global market, 2017-2022 (Estimated), (K Tons)
Key companies Food Grade Paraffin Wax sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
China Petrochemical Corporation
ExxonMobil
The International Group
NIPPON SEIRO
Fuchs Petrolub
Numaligarh Refinery Limited
Repsol
H&R GROUP
Indian Oil Corporation
Eni S.p.A.
Cepsa
Honeywell International
Petrobras
Suncor Energy
Sasol Germany GmbH