市場調査レポート
商品コード
1277780
パラフィンワックスのインド市場の評価:タイプ別、流通チャネル別、形状別、用途別、地域別、機会、予測(2017年度~2031年度)India Paraffin Wax Market Assessment, By Type, By Distribution Channel, By Form, By Application, By Region, Opportunities, and Forecast, FY2017-2031F |
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パラフィンワックスのインド市場の評価:タイプ別、流通チャネル別、形状別、用途別、地域別、機会、予測(2017年度~2031年度) |
出版日: 2023年05月22日
発行: Market Xcel - Markets and Data
ページ情報: 英文 83 Pages
納期: 3~5営業日
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インドのパラフィンワックスの市場規模は、2023年度の6億1,717万米ドルから2031年度に11億2,552万米ドルに達し、2024年度~2031年度の予測期間にCAGRで7.80%の成長が予測されています。市場は、工業用コーティング、ホットメルト接着剤、プラスチック・ゴム加工助剤、ボディケア製品、金属鋳造、医薬品、電気絶縁体の製造における使用の増加によって成長しています。
当レポートでは、インドのパラフィンワックス市場について調査分析し、市場規模と予測、市場力学、主要企業の情勢と見通しなどを提供しています。
The India Paraffin Wax Market size was valued at USD 617.17 million in FY2023 and is estimated to reach USD 1,125.52 million by FY2031. The market is growing at a CAGR of 7.80% for the forecast period between FY2024 and FY2031, owing to increasing usage in the manufacturing of industrial coatings, hot melt adhesives, plastic & rubber processing aids, body care products, metal casting, medicines, and electrical insulations.
Additionally, the demand for aromatherapy is rising as people have become more conscious about the home environment which further fuelled the market growth. Urbanization, increase in purchasing power and change in the lifestyles of consumers have driven the India paraffin wax market significantly. In December 2022, Dolly Singh, an Indian artist and actress launched her signature range of scented candles made from Paraffin Wax with Rad Living, an India based premium scented candles manufacturer.
Over the forecasted period, the demand for paraffin wax is anticipated to be stimulated by the increasing demand and supply of candles, especially aroma candles. Aromatherapy is being used more often in spas, hotels, and other commercial locations in India. In candle making industry, semi-refined paraffin wax is typically used as a raw material in domestic companies, whereas fully refined paraffin wax is typically exported from the country to the foreign markets.
The oil content level is the main difference between fully-refined paraffin wax and semi-refined paraffin wax. Fully refined paraffin wax has an oil content of less than 0.8%, while semi-refined paraffin wax has an oil content of less than 1.8%. Additionally, a variety of scented candles are readily available, along with an increase in purchasing power of the Indian consumers, thereby leading to the growth of India paraffin wax market.
Paraffin wax is frequently used on hands and feet for the cosmetic purposes. The wax is a natural emollient that aids in suppleness and provides softness to the skin. A paraffin treatment developed on the skin is a kind of barrier that aids in retaining the oils which the body naturally produces. According to a study by the Arthritis Health Professions Association, people who dipped their hands in paraffin wax felt immediate pain relief after the procedure. Apart from treating sprains, it can be used to help reduce inflammation and muscular spasms. The various advantages of the paraffin wax, thereby helps in the market growth.
The COVID-19 pandemic had a significant impact on the India paraffin wax market. The demand and supply of products such as candles, cosmetics, and adhesives declined due to travel restrictions which led to change in lifestyles. The implementation of the lockdown resulted in the closure of several companies, including those with the largest demand for the paraffin wax, such as the cosmetic and fragrance industries. With the lifting of the lockdown, the India paraffin wax market showed a pattern of regrowth. With the removal of restrictions on mobility and mass events, the demand for candles and cosmetics had increased subsequently.
Rising crude oil prices amid the Russia-Ukraine conflict had caused a rise in the paraffin wax prices. High freight costs continue to negatively affect the India market for paraffin wax, as well as the global market. The war tensions between Ukraine and Russia have worsened the trade activities from China, especially to United States and India
Several companies are expanding their capacity to cater to the market better and increase their market share in the country. Indian Paraffin Wax is cheap and provided same level of amalgamation as the ones manufactured in China or developed countries. In March 2023, Payal Group, an India based plasticizer manufacturer expanded their chlorinated paraffin wax capacity to 35 kilo tons at Dahej facility in Gujarat, India. Post the expansion, Payal Group's total capacity reached 70 kilo tons.
Companies mentioned above DO NOT hold any order as per market share and can be changed during course of work