Paraffin Wax Emulsion Market to Worth USD 860.3 Million by

Pune, India, Oct. 27, 2022 (GLOBE NEWSWIRE) — The global paraffin wax emulsion market size was valued at USD 527.6 million in 2021. The market is projected to grow from USD 550.7 million in 2022 to USD 860.3 million by 2030, exhibiting a CAGR of 5.7% during the forecast period.

This information is provided by Fortune Business Insights, in its report, titled, “Paraffin Wax Emulsion Market, 2022-2030.”

COVID-19 Impacts:

Restrictions in Manufacturing and Supply Activities owing to COVID-19 Obstructed Growth

The COVID-19 pandemic affected numerous people across the globe and key economies inflicted restraints and stop-work rules. In the last year, the market observed a deterioration in company sales and marketing, momentary business lockdowns, and supply chain & production commotions. During the outbreak of COVID-19, the construction, production, hotel, and tourism sectors were adversely impacted.

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List of Key Players Mentioned in the Report:

• PMC Crystal (U.S.)
• Sasol (South Africa)
• Altana AG (Germany)
• Lubrizol Corporation (U.S.)
• Nippon Seiro Co., Ltd (Japan)
• Michelman, Inc. (U.S.)
• TIANSHI WAX (China)
• BASF SE (Germany)
• Repsol (Spain)

Paints & Coatings Segment to Account for Biggest Share Owing to Huge Demand from Various Industries

On the basis of application, the market is segmented into leather, agriculture, construction, paper, paints & coatings, and others. The rising utilization of leather by the clothing and consumer goods companies thrusts the segment growth.

Geographically, the market is segregated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Scope & Segmentation