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Paraffin Oil Market By Grade, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 280 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5712917
The paraffin oil market was valued at $2.2 billion in 2021, and is projected to reach $3.3 billion by 2031, growing at a CAGR of 4.4% from 2022 to 2031.

Paraffin oil is colorless, highly refined, and odorless mineral oil and is usually a by-product of petroleum. Paraffin oil, also known as liquid paraffin oil or mineral oil, is obtained in the crude oil distillation process. Paraffin oil and paraffin-based oil mixtures are used in the packaging business to provide freshness seals, gloss, grease barriers, and moisture to the package. In recent years, paraffin oil has found a numerous range of medical, industrial, and cosmetic uses. It is mostly used as a laxative to treat constipation. It decreases fine lines from the face and softens skin. It also helps treat scalp problems with dry skin like dandruff.

For the purpose of analysis, the paraffin oil market scope covers segments by grade, utility, application, and region. The report outlines the details about paraffin oil grades including technical, pharmaceutical and cosmetics. The use of paraffin oil in various end-use industries, including cosmetics & personal care, pharmaceuticals, food, textiles and others are analyzed in the report. Moreover, it analyzes the current market trends of paraffin oil across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities.

The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.

In addition, the report covers profiles of key industry participants such as The major players operating in the global Paraffin oil market include BASF SE, Baker Hughes, BP plc, Cepsa, China National Petroleum Corporation, Evonik, Eni S.P.A, Exxon Mobil, Gulf Oil International, Honeywell International, HollyFrontier Refining & Marketing LLC, Linde Plc, Mitsui Chemicals, Sasol, and Shell Plc.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the paraffin oil market analysis from 2021 to 2031 to identify the prevailing paraffin oil market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the paraffin oil market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global paraffin oil market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Grade

  • Technical
  • Pharmaceutical
  • Cosmetics

By Application

  • Cosmetic and Personal Care
  • Pharmaceuticals
  • Food
  • Textiles
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest Of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest Of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest Of LAMEA

Key Market Players

  • BASF SE
  • BAKER HUGHES
  • BP plc
  • Cepsa
  • China National Petroleum Corporation
  • evonik industries ag
  • Eni S.P.A
  • Exxon Mobil Corporation
  • gulf oil international group
  • Honeywell International Inc.
  • HollyFrontier Refining and Marketing LLC
  • Linde plc
  • Mitsui Chemicals
  • Sasol Limited
  • Royal Dutch Shell Plc
Frequently Asked Questions about the Paraffin Oil Market

What is the estimated value of the Paraffin Oil Market?

The Paraffin Oil Market was estimated to be valued at $2.2 billion in 2021.

What is the growth rate of the Paraffin Oil Market?

The growth rate of the Paraffin Oil Market is 4.1%, with an estimated value of $3.3 billion by 2031.

What is the forecasted size of the Paraffin Oil Market?

The Paraffin Oil Market is estimated to be worth $3.3 billion by 2031.

Who are the key companies in the Paraffin Oil Market?

Key companies in the Paraffin Oil Market include BASF SE, BAKER HUGHES, BP plc, Cepsa, China National Petroleum Corporation, evonik industries ag, Eni S.P.A, Exxon Mobil Corporation and Honeywell International Inc..

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Value Chain Analysis
3.9. Market Share Analysis
3.10. Patent Landscape

CHAPTER 4: PARAFFIN OIL MARKET, BY GRADE
4.1 Overview
4.1.1 Market size and forecast
4.2 Technical
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Pharmaceutical
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Cosmetics
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country

CHAPTER 5: PARAFFIN OIL MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Cosmetic and Personal Care
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Pharmaceuticals
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Food
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Textiles
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country

CHAPTER 6: PARAFFIN OIL MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Grade
6.2.3 North America Market size and forecast, by Application
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Grade
6.2.4.1.2 Market size and forecast, by Application
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Grade
6.2.4.2.2 Market size and forecast, by Application
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Grade
6.2.4.3.2 Market size and forecast, by Application
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Grade
6.3.3 Europe Market size and forecast, by Application
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Grade
6.3.4.1.2 Market size and forecast, by Application
6.3.4.2 UK
6.3.4.2.1 Market size and forecast, by Grade
6.3.4.2.2 Market size and forecast, by Application
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Grade
6.3.4.3.2 Market size and forecast, by Application
6.3.4.4 Spain
6.3.4.4.1 Market size and forecast, by Grade
6.3.4.4.2 Market size and forecast, by Application
6.3.4.5 Italy
6.3.4.5.1 Market size and forecast, by Grade
6.3.4.5.2 Market size and forecast, by Application
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Grade
6.3.4.6.2 Market size and forecast, by Application
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Grade
6.4.3 Asia-Pacific Market size and forecast, by Application
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Grade
6.4.4.1.2 Market size and forecast, by Application
6.4.4.2 India
6.4.4.2.1 Market size and forecast, by Grade
6.4.4.2.2 Market size and forecast, by Application
6.4.4.3 Japan
6.4.4.3.1 Market size and forecast, by Grade
6.4.4.3.2 Market size and forecast, by Application
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Grade
6.4.4.4.2 Market size and forecast, by Application
6.4.4.5 Australia
6.4.4.5.1 Market size and forecast, by Grade
6.4.4.5.2 Market size and forecast, by Application
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Market size and forecast, by Grade
6.4.4.6.2 Market size and forecast, by Application
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Grade
6.5.3 LAMEA Market size and forecast, by Application
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Grade
6.5.4.1.2 Market size and forecast, by Application
6.5.4.2 Saudi Arabia
6.5.4.2.1 Market size and forecast, by Grade
6.5.4.2.2 Market size and forecast, by Application
6.5.4.3 South Africa
6.5.4.3.1 Market size and forecast, by Grade
6.5.4.3.2 Market size and forecast, by Application
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Market size and forecast, by Grade
6.5.4.4.2 Market size and forecast, by Application

CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments

CHAPTER 8: COMPANY PROFILES
8.1 BASF SE
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 BAKER HUGHES
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 BP plc
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Cepsa
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 China National Petroleum Corporation
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 evonik industries ag
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Eni S. P. A
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Exxon Mobil Corporation
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 gulf oil international group
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Honeywell International Inc.
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
8.11 HollyFrontier Refining and Marketing LLC
8.11.1 Company overview
8.11.2 Company snapshot
8.11.3 Operating business segments
8.11.4 Product portfolio
8.11.5 Business performance
8.11.6 Key strategic moves and developments
8.12 Linde plc
8.12.1 Company overview
8.12.2 Company snapshot
8.12.3 Operating business segments
8.12.4 Product portfolio
8.12.5 Business performance
8.12.6 Key strategic moves and developments
8.13 Mitsui Chemicals
8.13.1 Company overview
8.13.2 Company snapshot
8.13.3 Operating business segments
8.13.4 Product portfolio
8.13.5 Business performance
8.13.6 Key strategic moves and developments
8.14 Sasol Limited
8.14.1 Company overview
8.14.2 Company snapshot
8.14.3 Operating business segments
8.14.4 Product portfolio
8.14.5 Business performance
8.14.6 Key strategic moves and developments
8.15 Royal Dutch Shell Plc
8.15.1 Company overview
8.15.2 Company snapshot
8.15.3 Operating business segments
8.15.4 Product portfolio
8.15.5 Business performance
8.15.6 Key strategic moves and developments

List of Tables
Table 1. Global Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 2. Global Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 3. Paraffin Oil Market, for Technical, by Region, 2021-2031 ($Million)
Table 4. Paraffin Oil Market, for Technical, by Region, 2021-2031 (Kiloton)
Table 5. Paraffin Oil Market for Technical, by Country, 2021-2031 ($Million)
Table 6. Paraffin Oil Market for Technical, by Country, 2021-2031 (Kiloton)
Table 7. Paraffin Oil Market, for Pharmaceutical, by Region, 2021-2031 ($Million)
Table 8. Paraffin Oil Market, for Pharmaceutical, by Region, 2021-2031 (Kiloton)
Table 9. Paraffin Oil Market for Pharmaceutical, by Country, 2021-2031 ($Million)
Table 10. Paraffin Oil Market for Pharmaceutical, by Country, 2021-2031 (Kiloton)
Table 11. Paraffin Oil Market, for Cosmetics, by Region, 2021-2031 ($Million)
Table 12. Paraffin Oil Market, for Cosmetics, by Region, 2021-2031 (Kiloton)
Table 13. Paraffin Oil Market for Cosmetics, by Country, 2021-2031 ($Million)
Table 14. Paraffin Oil Market for Cosmetics, by Country, 2021-2031 (Kiloton)
Table 15. Global Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 16. Global Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 17. Paraffin Oil Market, for Cosmetic and Personal Care, by Region, 2021-2031 ($Million)
Table 18. Paraffin Oil Market, for Cosmetic and Personal Care, by Region, 2021-2031 (Kiloton)
Table 19. Paraffin Oil Market for Cosmetic and Personal Care, by Country, 2021-2031 ($Million)
Table 20. Paraffin Oil Market for Cosmetic and Personal Care, by Country, 2021-2031 (Kiloton)
Table 21. Paraffin Oil Market, for Pharmaceuticals, by Region, 2021-2031 ($Million)
Table 22. Paraffin Oil Market, for Pharmaceuticals, by Region, 2021-2031 (Kiloton)
Table 23. Paraffin Oil Market for Pharmaceuticals, by Country, 2021-2031 ($Million)
Table 24. Paraffin Oil Market for Pharmaceuticals, by Country, 2021-2031 (Kiloton)
Table 25. Paraffin Oil Market, for Food, by Region, 2021-2031 ($Million)
Table 26. Paraffin Oil Market, for Food, by Region, 2021-2031 (Kiloton)
Table 27. Paraffin Oil Market for Food, by Country, 2021-2031 ($Million)
Table 28. Paraffin Oil Market for Food, by Country, 2021-2031 (Kiloton)
Table 29. Paraffin Oil Market, for Textiles, by Region, 2021-2031 ($Million)
Table 30. Paraffin Oil Market, for Textiles, by Region, 2021-2031 (Kiloton)
Table 31. Paraffin Oil Market for Textiles, by Country, 2021-2031 ($Million)
Table 32. Paraffin Oil Market for Textiles, by Country, 2021-2031 (Kiloton)
Table 33. Paraffin Oil Market, for Others, by Region, 2021-2031 ($Million)
Table 34. Paraffin Oil Market, for Others, by Region, 2021-2031 (Kiloton)
Table 35. Paraffin Oil Market for Others, by Country, 2021-2031 ($Million)
Table 36. Paraffin Oil Market for Others, by Country, 2021-2031 (Kiloton)
Table 37. Paraffin Oil Market, by Region, 2021-2031 ($Million)
Table 38. Paraffin Oil Market, by Region, 2021-2031 (Kiloton)
Table 39. North America Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 40. North America Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 41. North America Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 42. North America Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 43. North America Paraffin Oil Market, by Country, 2021-2031 ($Million)
Table 44. North America Paraffin Oil Market, by Country, 2021-2031 (Kiloton)
Table 45. U.S. Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 46. U.S. Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 47. U.S. Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 48. U.S. Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 49. Canada Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 50. Canada Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 51. Canada Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 52. Canada Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 53. Mexico Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 54. Mexico Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 55. Mexico Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 56. Mexico Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 57. Europe Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 58. Europe Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 59. Europe Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 60. Europe Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 61. Europe Paraffin Oil Market, by Country, 2021-2031 ($Million)
Table 62. Europe Paraffin Oil Market, by Country, 2021-2031 (Kiloton)
Table 63. Germany Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 64. Germany Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 65. Germany Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 66. Germany Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 67. UK Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 68. UK Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 69. UK Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 70. UK Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 71. France Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 72. France Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 73. France Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 74. France Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 75. Spain Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 76. Spain Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 77. Spain Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 78. Spain Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 79. Italy Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 80. Italy Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 81. Italy Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 82. Italy Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 83. Rest of Europe Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 84. Rest of Europe Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 85. Rest of Europe Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 86. Rest of Europe Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 87. Asia-Pacific Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 88. Asia-Pacific Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 89. Asia-Pacific Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 90. Asia-Pacific Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 91. Asia-Pacific Paraffin Oil Market, by Country, 2021-2031 ($Million)
Table 92. Asia-Pacific Paraffin Oil Market, by Country, 2021-2031 (Kiloton)
Table 93. China Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 94. China Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 95. China Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 96. China Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 97. India Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 98. India Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 99. India Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 100. India Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 101. Japan Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 102. Japan Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 103. Japan Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 104. Japan Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 105. South Korea Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 106. South Korea Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 107. South Korea Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 108. South Korea Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 109. Australia Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 110. Australia Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 111. Australia Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 112. Australia Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 113. Rest of Asia-Pacific Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 114. Rest of Asia-Pacific Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 115. Rest of Asia-Pacific Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 116. Rest of Asia-Pacific Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 117. LAMEA Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 118. LAMEA Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 119. LAMEA Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 120. LAMEA Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 121. LAMEA Paraffin Oil Market, by Country, 2021-2031 ($Million)
Table 122. LAMEA Paraffin Oil Market, by Country, 2021-2031 (Kiloton)
Table 123. Brazil Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 124. Brazil Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 125. Brazil Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 126. Brazil Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 127. Saudi Arabia Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 128. Saudi Arabia Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 129. Saudi Arabia Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 130. Saudi Arabia Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 131. South Africa Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 132. South Africa Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 133. South Africa Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 134. South Africa Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 135. Rest of LAMEA Paraffin Oil Market, by Grade, 2021-2031 ($Million)
Table 136. Rest of LAMEA Paraffin Oil Market, by Grade, 2021-2031 (Kiloton)
Table 137. Rest of LAMEA Paraffin Oil Market, by Application, 2021-2031 ($Million)
Table 138. Rest of LAMEA Paraffin Oil Market, by Application, 2021-2031 (Kiloton)
Table 139. BASF SE: Company Snapshot
Table 140. BASF SE: Operating Segments
Table 141. BASF SE: Product Portfolio
Table 142. BASF SE: Net Sales
Table 143. BASF SE: Key Strategies
Table 144. Baker Hughes: Company Snapshot
Table 145. Baker Hughes: Operating Segments
Table 146. Baker Hughes: Product Portfolio
Table 147. Baker Hughes: Net Sales
Table 148. Baker Hughes: Key Strategies
Table 149. Bp PLC: Company Snapshot
Table 150. Bp PLC: Operating Segments
Table 151. Bp PLC: Product Portfolio
Table 152. Bp PLC: Net Sales
Table 153. Bp PLC: Key Strategies
Table 154. Cepsa: Company Snapshot
Table 155. Cepsa: Operating Segments
Table 156. Cepsa: Product Portfolio
Table 157. Cepsa: Net Sales
Table 158. Cepsa: Key Strategies
Table 159. China National Petroleum Corporation: Company Snapshot
Table 160. China National Petroleum Corporation: Operating Segments
Table 161. China National Petroleum Corporation: Product Portfolio
Table 162. China National Petroleum Corporation: Net Sales
Table 163. China National Petroleum Corporation: Key Strategies
Table 164. Evonik Industries AG: Company Snapshot
Table 165. Evonik Industries AG: Operating Segments
Table 166. Evonik Industries AG: Product Portfolio
Table 167. Evonik Industries AG: Net Sales
Table 168. Evonik Industries AG: Key Strategies
Table 169. Eni S. P. A: Company Snapshot
Table 170. Eni S. P. A: Operating Segments
Table 171. Eni S. P. A: Product Portfolio
Table 172. Eni S. P. A: Net Sales
Table 173. Eni S. P. A: Key Strategies
Table 174. Exxon Mobil Corporation: Company Snapshot
Table 175. Exxon Mobil Corporation: Operating Segments
Table 176. Exxon Mobil Corporation: Product Portfolio
Table 177. Exxon Mobil Corporation: Net Sales
Table 178. Exxon Mobil Corporation: Key Strategies
Table 179. Gulf Oil International Group: Company Snapshot
Table 180. Gulf Oil International Group: Operating Segments
Table 181. Gulf Oil International Group: Product Portfolio
Table 182. Gulf Oil International Group: Net Sales
Table 183. Gulf Oil International Group: Key Strategies
Table 184. Honeywell International Inc.: Company Snapshot
Table 185. Honeywell International Inc.: Operating Segments
Table 186. Honeywell International Inc.: Product Portfolio
Table 187. Honeywell International Inc.: Net Sales
Table 188. Honeywell International Inc.: Key Strategies
Table 189. Hollyfrontier Refining and Marketing LLC: Company Snapshot
Table 190. Hollyfrontier Refining and Marketing LLC: Operating Segments
Table 191. Hollyfrontier Refining and Marketing LLC: Product Portfolio
Table 192. Hollyfrontier Refining and Marketing LLC: Net Sales
Table 193. Hollyfrontier Refining and Marketing LLC: Key Strategies
Table 194. Linde PLC: Company Snapshot
Table 195. Linde PLC: Operating Segments
Table 196. Linde PLC: Product Portfolio
Table 197. Linde PLC: Net Sales
Table 198. Linde PLC: Key Strategies
Table 199. Mitsui Chemicals: Company Snapshot
Table 200. Mitsui Chemicals: Operating Segments
Table 201. Mitsui Chemicals: Product Portfolio
Table 202. Mitsui Chemicals: Net Sales
Table 203. Mitsui Chemicals: Key Strategies
Table 204. Sasol Limited: Company Snapshot
Table 205. Sasol Limited: Operating Segments
Table 206. Sasol Limited: Product Portfolio
Table 207. Sasol Limited: Net Sales
Table 208. Sasol Limited: Key Strategies
Table 209. Royal Dutch Shell PLC: Company Snapshot
Table 210. Royal Dutch Shell PLC: Operating Segments
Table 211. Royal Dutch Shell PLC: Product Portfolio
Table 212. Royal Dutch Shell PLC: Net Sales
Table 213. Royal Dutch Shell PLC: Key Strategies

List of Figures
Figure 1. Paraffin Oil Market Segmentation
Figure 2. Paraffin Oil Market, 2021-2031
Figure 3. Paraffin Oil Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Paraffin Oil Mark.:Drivers, Restraints and Opportunities
Figure 12. Pricing Analysis
Figure 13. Value Chain Analysis
Figure 14. Market Share Analysis
Figure 15. Patent Analysis by Company
Figure 16. Patent Analysis by Country
Figure 17. Paraffin Oil Market, By Grade, 2021(%)
Figure 18. Comparative Share Analysis of Technical Paraffin Oil Market, 2021-2031(%)
Figure 19. Comparative Share Analysis of Pharmaceutical Paraffin Oil Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of Cosmetics Paraffin Oil Market, 2021-2031(%)
Figure 21. Paraffin Oil Market, By Application, 2021(%)
Figure 22. Comparative Share Analysis of Cosmetic and Personal Care Paraffin Oil Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Pharmaceuticals Paraffin Oil Market, 2021-2031(%)
Figure 24. Comparative Share Analysis of Food Paraffin Oil Market, 2021-2031(%)
Figure 25. Comparative Share Analysis of Textiles Paraffin Oil Market, 2021-2031(%)
Figure 26. Comparative Share Analysis of Others Paraffin Oil Market, 2021-2031(%)
Figure 27. Paraffin Oil Market by Region, 2021
Figure 28. U.S. Paraffin Oil Market, 2021-2031($Million)
Figure 29. Canada Paraffin Oil Market, 2021-2031($Million)
Figure 30. Mexico Paraffin Oil Market, 2021-2031($Million)
Figure 31. Germany Paraffin Oil Market, 2021-2031($Million)
Figure 32. Uk Paraffin Oil Market, 2021-2031($Million)
Figure 33. France Paraffin Oil Market, 2021-2031($Million)
Figure 34. Spain Paraffin Oil Market, 2021-2031($Million)
Figure 35. Italy Paraffin Oil Market, 2021-2031($Million)
Figure 36. Rest of Europe Paraffin Oil Market, 2021-2031($Million)
Figure 37. China Paraffin Oil Market, 2021-2031($Million)
Figure 38. India Paraffin Oil Market, 2021-2031($Million)
Figure 39. Japan Paraffin Oil Market, 2021-2031($Million)
Figure 40. South Korea Paraffin Oil Market, 2021-2031($Million)
Figure 41. Australia Paraffin Oil Market, 2021-2031($Million)
Figure 42. Rest of Asia-Pacific Paraffin Oil Market, 2021-2031($Million)
Figure 43. Brazil Paraffin Oil Market, 2021-2031($Million)
Figure 44. Saudi Arabia Paraffin Oil Market, 2021-2031($Million)
Figure 45. South Africa Paraffin Oil Market, 2021-2031($Million)
Figure 46. Rest of LAMEA Paraffin Oil Market, 2021-2031($Million)
Figure 47. Top Winning Strategies, by Year
Figure 48. Top Winning Strategies, by Development
Figure 49. Top Winning Strategies, by Company
Figure 50. Product Mapping of Top 10 Players
Figure 51. Competitive Dashboard
Figure 52. Competitive Heatmap of Top 10 Key Players
Figure 53. Basf S.: Net Sales, ($Million)
Figure 54. Baker Hughe.: Net Sales, ($Million)
Figure 55. Bp pl.: Net Sales, ($Million)
Figure 56. Ceps.: Net Sales, ($Million)
Figure 57. China National Petroleum Corporatio.: Net Sales, ($Million)
Figure 58. Evonik Industries A.: Net Sales, ($Million)
Figure 59. Eni S.P..: Net Sales, ($Million)
Figure 60. Exxon Mobil Corporatio.: Net Sales, ($Million)
Figure 61. Gulf Oil International Grou.: Net Sales, ($Million)
Figure 62. Honeywell International Inc.: Net Sales, ($Million)
Figure 63. Hollyfrontier Refining and Marketing LL.: Net Sales, ($Million)
Figure 64. Linde pl.: Net Sales, ($Million)
Figure 65. Mitsui Chemical.: Net Sales, ($Million)
Figure 66. Sasol Limite.: Net Sales, ($Million)
Figure 67. Royal Dutch Shell pl.: Net Sales, ($Million)

Executive Summary

According to the report, “Paraffin Oil Market," the paraffin oil market size was valued at $2.2 billion in 2021, and is estimated to reach $3.3 billion by 2031, growing at a CAGR of 4.4% from 2022 to 2031.

Paraffin oil is an oily, clear, colorless liquid with a high boiling point. Paraffin oil, also known as white oil, is used as a raw material in the manufacture of creams, lotions, baby oil, ointments, gels, lubricants, hair oils, shampoos, and other items such as pharmaceutical, industrial, and packaging goods.

Further, paraffin oil is a raw ingredient used in the production of creams, lotions, baby oil, ointments, gels, lubricants, hair oils, and shampoos. Paraffin oils are used in a variety of personal and cosmetics items, including emulsions, haircare, lotions, lip balm, baby oil, and emollients. It is used for the preparation of a number of solid and liquid brilliantine, cold cream, moisturizers, and lotions, as well as in makeup products such as lip balm, lipstick, and foundation cream. It is also employed in skin treatment, particularly in treating diaper rash and eczema and to preserve unstable or reactive substances. It is used in body and hand care cosmetics in concentrations ranging from 1% to 98%.

The growth of the global paraffin oil market is majorly attributable to its wide applications in various industries such as pharmaceuticals, cosmetics, food, textiles and others. Paraffin oil is a by-product of the petroleum distillation process which is a colourless, odourless, tasteless, and water insoluble oil. It is extensively used across many applications such as cosmetics & personal care, pharmaceuticals, food, textiles and others. In cosmetics, paraffin oil forms a thin, oily protective coating on the skin, protecting it from allergens and irritants while sealing moisture into the skin. In pharmaceutical industry, it is used in the production of penicillin and is a vital ingredient in multiple medicated creams, balms, and ointments. It is also used as a heat treatment for hand and joint pain and relieve the pain of fibromyalgia, rheumatoid arthritis, muscle cramps, spine pains, simple inflammation, and others. It is also used for removing dead cells, as diluted paraffin oil is ideal for use on the skin as it does not cause any skin sores at high temperatures. Paraffin oil, which is a chemical preservative, is used in the food industry to make fruits, vegetables, and confectionery seem glossy; it also helps delay moisture loss and spoiling. Paraffin oil is also utilized in lubrication, electrical insulation, and candles. In the textile industry, paraffin oil is primarily used for weaving, spinning, and lubricating the sewing machines.

However, development of bio-based products is projected to hinder the expansion of the market. On the contrary, growth in the packaging industry is expected to offer ample growth opportunities for the paraffin oil industry. In packaging, paraffin oil and paraffin-based oil mixtures are used to provide gloss, sealing, moisture, freshness, and grease barriers. Water vapor resistance, gas and odor barrier, improved process efficiency are all advantages of paraffin oil packing. The food and beverage industries account for the majority of packaging demand. Medical items, on the other hand, are the most prominent consumers of folding boxes.

The paraffin oil market is segmented into grade, application, and region. On the basis of grade, the market is categorized into technical, pharmaceutical and cosmetics. On the basis of application, the market is categorized into cosmetics & personal care, pharmaceuticals, food, textiles and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The paraffin oil market share is analyzes across all significant regions and countries.

The major players operating in the global Paraffin oil market include BASF SE, Baker Hughes, BP plc, Cepsa, China National Petroleum Corporation, Evonik, Eni S.P.A, Exxon Mobil, Gulf Oil International, Honeywell International, HollyFrontier Refining & Marketing LLC, Linde Plc, Mitsui Chemicals, Sasol, and Shell Plc.

COVID-19 impact analysis:

The demand for paraffin oil declined during the COVID-19 in higher in matured markets such as the U.S., Germany, France, and the UK since these nations were among the most affected during the first wave of COVID-19, encountering temporary closures or decline in production activities in various factories.

During the pandemic, consumers purchased less makeup and clothes and hence, demand for paraffin oils declined in the cosmetics & personal care and textile industries. Further, the closure of restaurants and bars led to a drop in paraffin oils demand in the food sector. However, the pharmaceuticals industry registered an upsurge in paraffin oils demand due to rise in pharmaceutical production and consumers buying more than their average number of medications during the COVID-19 crisis.

Further, the COVID-19 pandemic has had a detrimental effect on the cosmetics industry globally, causing great loss to businesses that cannot be measured causing tremendous loss to businesses that cannot be quantified. However, demand for cosmetics and personal care has been slightly increasing from mid-2020 in the U.S.

Therefore, increasing demand from the pharmaceuticals industry along with growing demand for cosmetics & personal care products is predicted to propel the paraffin oil market during the pandemic.

Key Findings of the Study:

  • By grade, the pharmaceutical segment was the highest revenue contributor to the market in 2021.
  • By application, the pharmaceuticals segment is the fastest growing segment.
  • By region, Asia-Pacific was the highest revenue contributor to the market in 2021, growing with a CAGR of 4.7%.
  • China was the highest revenue contributor to the market in 2021, growing with a CAGR of 4.8%.
  • South Korea and Japan are expected to witness considerable CAGRs of 4.0% and 4.5%, respectively, during the forecast period.

Companies Mentioned

  • BASF SE
  • BAKER HUGHES
  • BP plc
  • Cepsa
  • China National Petroleum Corporation
  • evonik industries ag
  • Eni S.P.A
  • Exxon Mobil Corporation
  • gulf oil international group
  • Honeywell International Inc.
  • HollyFrontier Refining and Marketing LLC
  • Linde plc
  • Mitsui Chemicals
  • Sasol Limited
  • Royal Dutch Shell Plc

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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