Normal paraffin is a clear liquid that consists of saturated hydrocarbons along with a straight chain structure. It is obtained from kerosene by the process of extraction. It is used in the production of linear alkylbenzene, which utilizes about 80 percent of normal paraffin. The rest is used in the manufacture of paraffin barbeque lights, oil lamps, sealants, adhesives, and lubricants. Normal paraffin is highly distilled and refined when extracted from kerosene.
MARKET DYNAMICS
Normal paraffin C5 and C8 can be processed further to manufacture chemical compounds like n-pentane and n-hexane. The rise in the demand for n-pentane and n-hexane drives the growth of the normal paraffin market. Besides this, an increase in the demand from candles, packaging, and personal care industries also drives the market growth. However, the development of bio-based products restricts the growth of the normal paraffin market. An upsurge in the precision casting of metals in aerospace, electronics & automobile together with the need of normal paraffin for casting is expected to boost the market for normal paraffin in the near future.
MARKET SCOPE
The "Global Normal Paraffin Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the normal paraffin market with detailed market segmentation by application and geography. The global normal paraffin market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading normal paraffin market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global normal paraffin market is segmented on the basis of application. On the basis of application, the market is broken into linear alkyl benzene, chlorinated paraffin wax, plasticizers and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global normal paraffin market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The normal paraffin market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the normal paraffin market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the normal paraffin market in these regions.
MARKET PLAYERS
The reports cover key developments in the normal paraffin market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from normal paraffin market are anticipated to lucrative growth opportunities in the future with the rising demand for normal paraffin market in the global market. Below mentioned is the list of few companies engaged in the normal paraffin market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the normal paraffin market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Cepsa Chemicals
- Exxon Mobil Corporation
- Farabi Petrochemicals
- JXTG Nippon Oil & Energy Corporation
- Lanxess AG
- Raha Paraffin Company
- Royal Dutch Shell PLC
- Sasol Limited
- Sinopec Corp
- Tavoil Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.