Liquid Paraffin Market is projected to reach USD 2.36 Billion at a CAGR 1.24% by 2028

The Liquid Paraffin market is projected to grow at a rate of 1.24% by 2028, to reach USD 2.36 Billion in 2028 from USD 2.14 Billion in 2020.  The global cosmetic industry grew at an estimate of 4% in 2016. The Skincare products market accounted to approximately 36% of the total global cosmetics market in 2016. Skincare being the most lucrative segment is subject to increasing demand primarily in low temperature markets like North America and Europe. However, Increasing awareness, economic developments and increasing population are implying increase in demand for skincare products in regions like Asia Pacific and MEA. The Global Skincare products market is projected to generate approximately 21.1 Billion USD by 2020 and is anticipated to be lucrative product segment in the cosmetics industry over the forecast period. The Asia Pacific mass beauty market is expected to grow nearly to 14.9 Billion USD by 2022. The rise in cosmetics industry directly implies a rise in consumption of Liquid Paraffin. Liquid Paraffin is used in various cosmetics products like lipsticks, eye liners etc. The cosmetic market in MEA was 16.36 Billion USD with a CAGR of 6.43% from 2012 to 2016. This market is estimated to reach 25.1 Billion USD by 2022 with a CAGR of 7.57%.

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Top Players in the Global Liquid Paraffin Market:

Sasol Ltd, Shell, ExxonMobil Corporation, Farabi Petrochemical Company, Savita Oil Technologies Ltd., JXTG Nippon Oil and Energy Corporation, CEPSA, Sonneborn, MORESCO Corporation, KDOC, Atlas Setayesh Mehr, Gandhar Oils Refinery India, FPCC and UNICORN.

The Per capital income of USA has shown a considerable increase from USD 51,404 in 2012 to USD 59.501 in 2017 and is expected to witness a further rise to USD 70,165 by 2022. This implies an equivalent rise in the disposable income of the population in USA.  The increasing disposable along with rising awareness about cosmetic product indicate a potential demand for liquid paraffin over the forecast period.

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Market segmentation based on Grade Type Outlook:

  • C10-C13
  • C11-C14
  • C12-C14
  • C14-C17
  • C17-C20

By Product Type Outlook:

  • Light
  • Heavy

By Application Outlook:

  • LAB
  • Chlorinated Paraffin
  • Others

Regional Outlook:

  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK.
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Rest of MEA

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Frequently Asked Questions Answered in the Report:

  • What is the estimated revenue growth rate of the global Liquid Paraffin market over the forecast period?
  • What are the major factors driving the global market revenue growth?
  • Which are the leading manufacturers and suppliers in the global Liquid Paraffin market?
  • Which regional market is expected to lead in terms of revenue share in the global Liquid Paraffin market over the forecast years?
  • What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?

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