Asia-Pacific Leads Global Demand: China, India, and Southeast Asia...

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2025-08-14 10:52:50 - Translate

Asia-Pacific Leads Global Demand: China, India, and Southeast Asia in the Paraffin Wax Landscape

The global paraffin wax market, valued at USD 5.79 billion in 2024, is projected to grow at a compound annual growth rate (CAGR) of 6.9% from 2025 to 2034, driven by sustained demand across industrial, packaging, and consumer goods sectors. As a versatile hydrocarbon derived primarily from crude oil refining, paraffin wax serves as a critical material in applications ranging from candle...

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