As per Future Market Insights’ latest industry analysis, the global paraffin wax industry value reached USD 10028.3 million in 2023. Over the forecast period, the value is anticipated to rise at 5.7% CAGR. Due to their greater water resistance compared to packaging materials, paraffin wax market share is also anticipated to increase significantly during the …
Tag Archives: Paraffin Wax
Paraffin Wax Market is projected to undergo promising growth at approximately 4.8% CAGR during the projection period 2019-2029
The paraffin wax market is pegged at a steady CAGR of approximately 4.8% through the forecast period (2019-2029). The market is projected to receive impetus from aromatherapy and packaging applications through 2029. Growing sentience among consumers for home ambience is expanding the paraffin wax market. Moreover, role of paraffin wax in cosmetic industry is contributing to steady …