| Product Code: ETC082840 | Publication Date: Jun 2021 | Updated Date: Oct 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
China paraffin wax import market saw a significant increase in concentration levels in 2024, with a very high Herfindahl-Hirschman Index (HHI). The top countries exporting to China in 2024 were Japan, USA, Germany, Australia, and China itself. Despite the high concentration, the market experienced a negative compound annual growth rate (CAGR) of -21.29% from 2020 to 2024, with a further decline in growth rate from 2023 to 2024 at -26.78%. This trend indicates a challenging environment for paraffin wax importers, necessitating strategic adaptations to navigate the market dynamics effectively.
The Paraffin Wax market in China is growing as paraffin wax is widely used in applications such as candles, cosmetics, and packaging. Paraffin wax, derived from petroleum, is valued for its versatility and performance in various products. The market is driven by increasing demand for candles and personal care products, as well as advancements in wax processing technologies. Chinese wax producers are investing in paraffin wax to support diverse applications and meet growing consumer needs.
The Paraffin Wax market in China is expanding due to the demand for wax used in various applications, including candles, coatings, and packaging. Paraffin wax offers benefits such as excellent melting properties and versatility. Market growth is supported by increasing consumer demand for candles and coated products, advancements in wax production technologies, and the expansion of the personal care and packaging industries.
The paraffin wax market in China is confronted with issues related to raw material shortages and environmental regulations. The production of paraffin wax is closely tied to the petroleum industry, which is subject to price volatility and supply chain disruptions. Additionally, increasing environmental regulations aimed at reducing carbon emissions and waste are putting pressure on paraffin wax manufacturers to adopt cleaner technologies.
The paraffin wax market in China is guided by government regulations related to chemical safety and industrial standards. The government establishes standards for the production and use of paraffin wax to ensure it meets industry requirements. Policies support the development and adoption of advanced wax technologies and address concerns related to environmental impact and safety.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 China Paraffin Wax Market Overview |
3.1 China Country Macro Economic Indicators |
3.2 China Paraffin Wax Market Revenues & Volume, 2021 & 2031F |
3.3 China Paraffin Wax Market - Industry Life Cycle |
3.4 China Paraffin Wax Market - Porter's Five Forces |
3.5 China Paraffin Wax Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 China Paraffin Wax Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 China Paraffin Wax Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for paraffin wax in various industries such as cosmetics, pharmaceuticals, and packaging. |
4.2.2 Growth in the manufacturing sector in China leading to higher consumption of paraffin wax for industrial applications. |
4.2.3 Favorable government policies and regulations supporting the production and export of paraffin wax. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of crude oil impacting the cost of production of paraffin wax. |
4.3.2 Competition from alternative products such as synthetic waxes and vegetable waxes. |
4.3.3 Environmental concerns and regulations regarding the use of paraffin wax, leading to a shift towards more sustainable alternatives. |
5 China Paraffin Wax Market Trends |
6 China Paraffin Wax Market, By Types |
6.1 China Paraffin Wax Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 China Paraffin Wax Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 China Paraffin Wax Market Revenues & Volume, By Fully Refined Wax, 2021-2031F |
6.1.4 China Paraffin Wax Market Revenues & Volume, By Semi-Refined Wax, 2021-2031F |
6.1.5 China Paraffin Wax Market Revenues & Volume, By Others, 2021-2031F |
6.2 China Paraffin Wax Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 China Paraffin Wax Market Revenues & Volume, By Candles, 2021-2031F |
6.2.3 China Paraffin Wax Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.4 China Paraffin Wax Market Revenues & Volume, By Board Sizing, 2021-2031F |
6.2.5 China Paraffin Wax Market Revenues & Volume, By Rubber, 2021-2031F |
6.2.6 China Paraffin Wax Market Revenues & Volume, By Hot Melts, 2021-2031F |
6.2.7 China Paraffin Wax Market Revenues & Volume, By Cosmetics, 2021-2031F |
7 China Paraffin Wax Market Import-Export Trade Statistics |
7.1 China Paraffin Wax Market Export to Major Countries |
7.2 China Paraffin Wax Market Imports from Major Countries |
8 China Paraffin Wax Market Key Performance Indicators |
8.1 Average selling price of paraffin wax in the market. |
8.2 Growth rate of key end-user industries consuming paraffin wax. |
8.3 Import and export volume of paraffin wax in China. |
8.4 Research and development investment in enhancing the quality and applications of paraffin wax. |
8.5 Adoption rate of eco-friendly production methods in the paraffin wax industry. |
9 China Paraffin Wax Market - Opportunity Assessment |
9.1 China Paraffin Wax Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 China Paraffin Wax Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 China Paraffin Wax Market - Competitive Landscape |
10.1 China Paraffin Wax Market Revenue Share, By Companies, 2024 |
10.2 China Paraffin Wax Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |