Paraffin Wax - Global Strategic Business Report

Report
93 Pages
December 2023
Region: Global
Global Industry Analysts, Inc
ID: 5303824

Quick Summary:

The Global Paraffin Wax Market is set on an upward trajectory, and being privy to accurate, comprehensive data becomes a business necessity in today's competitive environment. This meticulously crafted market research report provides you with the necessary insights, aimed at shaping strategic decisions and effective planning with the potential to unlock new growth avenues.

A projected increase from US$5.9 Billion in 2022 to a revised size of US$9.3 Billion by 2030 signifies a highly promising landscape for investors. With increases observed across various segments, particularly 'Candles' and 'Packaging', this report underscores the opportunities lying ahead. Get a deep dive into the respective growth rates in major markets like U.S, China, Japan, Canada and Europe to tailor your strategies accordingly. Capture a broader understanding of your market position with exclusive competitor analysis. Arm yourself with a competitive edge and create the future you envision through informed decisions and forward-thinking strategies. Bolster your business efforts with our report - an invaluable tool charting the future of the Paraffin Wax market.

Global Paraffin Wax Market to Reach $9.3 Billion by 2030

The global market for Paraffin Wax estimated at US$5.9 Billion in the year 2022, is projected to reach a revised size of US$9.3 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2022-2030. Candles, one of the segments analyzed in the report, is projected to record 6.9% CAGR and reach US$4.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Packaging segment is readjusted to a revised 6.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 9.3% CAGR

The Paraffin Wax market in the U.S. is estimated at US$1.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2030 trailing a CAGR of 9.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.

Select Competitors (Total 42 Featured) -

Big West Oil LLC
CEPSA
Cepsa Company
ExxonMobil
H&R Group
Honeywell
IOCL
Marathon Oil Corporation
Naftowax
Nippon Seiro Co., Ltd.
Petrobras
Petro-Canada
PetroChina Company Limited
Repsol
Royal Dutch Shell Plc
Sasol
Sinopec
The International Group, Inc.
Venezuela National Oil Company

What's New?

Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year

Frequently Asked Questions about the Global Market for Paraffin Wax

What is the estimated value of the Global Market for Paraffin Wax?

The Global Market for Paraffin Wax was estimated to be valued at $5.9 Billion in 2022.

What is the growth rate of the Global Market for Paraffin Wax?

The growth rate of the Global Market for Paraffin Wax is 5.9%, with an estimated value of $9.3 Billion by 2030.

What is the forecasted size of the Global Market for Paraffin Wax?

The Global Market for Paraffin Wax is estimated to be worth $9.3 Billion by 2030.

Who are the key companies in the Global Market for Paraffin Wax?

Key companies in the Global Market for Paraffin Wax include Big West Oil LLC, CEPSA, Cepsa Company, ExxonMobil, H&R Group, Honeywell, IOCL, Marathon Oil Corporation, Naftowax and Nippon Seiro Co., Ltd..

Report Attribute	Details
No. of Pages	93
Published	December 2023
Forecast Period	2022 - 2030
Estimated Market Value ( USD ) in 2022	$ 5.9 Billion
Forecasted Market Value ( USD ) by 2030	$ 9.3 Billion
Compound Annual Growth Rate	5.9%
Regions Covered	Global

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Paraffin Wax - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Recent Past, Current & Future Analysis for Paraffin Wax by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 2: World Historic Review for Paraffin Wax by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 3: World 16-Year Perspective for Paraffin Wax by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
Table 4: World Recent Past, Current & Future Analysis for Candles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 5: World Historic Review for Candles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 6: World 16-Year Perspective for Candles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 7: World Recent Past, Current & Future Analysis for Packaging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 8: World Historic Review for Packaging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 9: World 16-Year Perspective for Packaging by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 10: World Recent Past, Current & Future Analysis for Board Sizing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 11: World Historic Review for Board Sizing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 12: World 16-Year Perspective for Board Sizing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 13: World Recent Past, Current & Future Analysis for Hotmelts by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 14: World Historic Review for Hotmelts by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 15: World 16-Year Perspective for Hotmelts by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 16: World Recent Past, Current & Future Analysis for Rubber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 17: World Historic Review for Rubber by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 18: World 16-Year Perspective for Rubber by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 19: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 20: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 21: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
Table 22: World Paraffin Wax Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030

III. MARKET ANALYSIS

UNITED STATES

Paraffin Wax Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
Table 23: USA Recent Past, Current & Future Analysis for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 24: USA Historic Review for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 25: USA 16-Year Perspective for Paraffin Wax by Application - Percentage Breakdown of Value Sales for Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications for the Years 2014, 2023 & 2030

CANADA

Table 26: Canada Recent Past, Current & Future Analysis for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 27: Canada Historic Review for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 28: Canada 16-Year Perspective for Paraffin Wax by Application - Percentage Breakdown of Value Sales for Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications for the Years 2014, 2023 & 2030

JAPAN

Paraffin Wax Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
Table 29: Japan Recent Past, Current & Future Analysis for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 30: Japan Historic Review for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 31: Japan 16-Year Perspective for Paraffin Wax by Application - Percentage Breakdown of Value Sales for Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications for the Years 2014, 2023 & 2030

CHINA

Paraffin Wax Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
Table 32: China Recent Past, Current & Future Analysis for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 33: China Historic Review for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 34: China 16-Year Perspective for Paraffin Wax by Application - Percentage Breakdown of Value Sales for Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications for the Years 2014, 2023 & 2030

EUROPE

Paraffin Wax Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
Table 35: Europe Recent Past, Current & Future Analysis for Paraffin Wax by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 36: Europe Historic Review for Paraffin Wax by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 37: Europe 16-Year Perspective for Paraffin Wax by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2023 & 2030
Table 38: Europe Recent Past, Current & Future Analysis for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 39: Europe Historic Review for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 40: Europe 16-Year Perspective for Paraffin Wax by Application - Percentage Breakdown of Value Sales for Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications for the Years 2014, 2023 & 2030

FRANCE

Paraffin Wax Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
Table 41: France Recent Past, Current & Future Analysis for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 42: France Historic Review for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 43: France 16-Year Perspective for Paraffin Wax by Application - Percentage Breakdown of Value Sales for Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications for the Years 2014, 2023 & 2030

GERMANY

Paraffin Wax Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
Table 44: Germany Recent Past, Current & Future Analysis for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 45: Germany Historic Review for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 46: Germany 16-Year Perspective for Paraffin Wax by Application - Percentage Breakdown of Value Sales for Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications for the Years 2014, 2023 & 2030

ITALY

Table 47: Italy Recent Past, Current & Future Analysis for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 48: Italy Historic Review for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 49: Italy 16-Year Perspective for Paraffin Wax by Application - Percentage Breakdown of Value Sales for Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications for the Years 2014, 2023 & 2030

UNITED KINGDOM

Paraffin Wax Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
Table 50: UK Recent Past, Current & Future Analysis for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 51: UK Historic Review for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 52: UK 16-Year Perspective for Paraffin Wax by Application - Percentage Breakdown of Value Sales for Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications for the Years 2014, 2023 & 2030

SPAIN

Table 53: Spain Recent Past, Current & Future Analysis for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 54: Spain Historic Review for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 55: Spain 16-Year Perspective for Paraffin Wax by Application - Percentage Breakdown of Value Sales for Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications for the Years 2014, 2023 & 2030

RUSSIA

Table 56: Russia Recent Past, Current & Future Analysis for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 57: Russia Historic Review for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 58: Russia 16-Year Perspective for Paraffin Wax by Application - Percentage Breakdown of Value Sales for Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications for the Years 2014, 2023 & 2030

REST OF EUROPE

Table 59: Rest of Europe Recent Past, Current & Future Analysis for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 60: Rest of Europe Historic Review for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 61: Rest of Europe 16-Year Perspective for Paraffin Wax by Application - Percentage Breakdown of Value Sales for Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications for the Years 2014, 2023 & 2030

ASIA-PACIFIC

Paraffin Wax Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
Table 62: Asia-Pacific Recent Past, Current & Future Analysis for Paraffin Wax by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 63: Asia-Pacific Historic Review for Paraffin Wax by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 64: Asia-Pacific 16-Year Perspective for Paraffin Wax by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2023 & 2030
Table 65: Asia-Pacific Recent Past, Current & Future Analysis for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
Table 66: Asia-Pacific Historic Review for Paraffin Wax by Application - Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 67: Asia-Pacific 16-Year Perspective for Paraffin Wax by Application - Percentage Breakdown of Value Sales for Candles, Packaging, Board Sizing, Hotmelts, Rubber and Other Applications for the Years 2014, 2023 & 2030

AUSTRALIA

Paraffin Wax Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)

INDIA

Paraffin Wax Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)

SOUTH KOREAREST OF ASIA-PACIFIC

LATIN AMERICA

Paraffin Wax Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)

ARGENTINABRAZILMEXICOREST OF LATIN AMERICA

MIDDLE EAST

Paraffin Wax Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)

IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST

AFRICA

Paraffin Wax Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)

IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

Big West Oil LLC
CEPSA
Cepsa Company
ExxonMobil
H&R Group
Honeywell
IOCL
Marathon Oil Corporation
Naftowax
Nippon Seiro Co., Ltd.
Petrobras
Petro-Canada
PetroChina Company Limited
Repsol
Royal Dutch Shell Plc
Sasol
Sinopec
The International Group, Inc.
Venezuela National Oil Company

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Quick Summary:

Global Paraffin Wax Market to Reach $9.3 Billion by 2030

The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 9.3% CAGR

Select Competitors (Total 42 Featured) -

What's New?

What is the estimated value of the Global Market for Paraffin Wax?

What is the growth rate of the Global Market for Paraffin Wax?

What is the forecasted size of the Global Market for Paraffin Wax?

Who are the key companies in the Global Market for Paraffin Wax?

Table of Contents

Companies Mentioned

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