Paraffin Wax Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition

Paraffin Wax Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition

Report Format: PDF+Excel | Report ID: SR112025A22395

Paraffin Wax Price Trend, Index and Forecast

Track real-time and historical paraffin wax prices across global regions. Updated monthly with market insights, drivers, and forecasts.

Paraffin Wax Prices September 2025

Region Price (USD/Kg) Latest Movement
Africa 1.57 -5.6% ↓ Down
Northeast Asia 0.69 3.3% ↑ Up
Europe 1.78 -9.5% ↓ Down
Southeast Asia 1.16 15.3% ↑ Up
North America 1.20 -2.4% ↓ Down


Market Overview Q3 Ending September 2025

Africa: In Africa, paraffin wax prices softened as demand from the packaging and candle-making sectors eased amid weaker consumer spending. The paraffin wax price index indicated lower procurement activity from cosmetics and pharmaceuticals, which further weighed on regional consumption. Adequate imports, supported by stable feedstock supply from petroleum refining, kept supply levels sufficient, contributing to the bearish trend. Additionally, reduced export activity limited price resilience, pushing values downward in this quarter.

Northeast Asia: In Northeast Asia, paraffin wax prices edged upward due to firm demand from the packaging and electronics sectors. The paraffin wax price index reflected rising consumption in cosmetics and personal care applications, while steady demand from the candle industry also provided support. Supply disruptions in some refining hubs and tighter logistics slightly constrained availability, lending strength to regional pricing. Overall, stable feedstock costs and a balanced demand-supply scenario kept sentiment cautiously positive.

Europe: In Europe, paraffin wax prices declined notably as consumption from packaging and industrial applications weakened. The paraffin wax price index showed downward momentum due to subdued demand from the cosmetics and pharmaceutical industries, combined with high inventory levels among distributors. Falling feedstock costs and reduced refinery utilization rates further contributed to bearish sentiment. Import competition and cautious buying behavior among end-users reinforced the downward trajectory, putting additional pressure on domestic suppliers.

Southeast Asia: In Southeast Asia, paraffin wax prices increased strongly, driven by heightened demand from the candle-making industry and steady consumption in packaging applications. The paraffin wax price index was supported by robust procurement from the cosmetics and personal care sectors, while higher regional exports further bolstered prices. Limited refinery output and temporary supply bottlenecks in certain markets contributed to tighter availability, amplifying the upward movement and creating a bullish sentiment across the region this quarter.

North America: In North America, paraffin wax prices eased as demand from packaging and industrial sectors moderated. The paraffin wax price index reflected weaker activity in the candle and cosmetics markets, which weighed on regional consumption. Ample domestic refinery output ensured adequate supply, while stable feedstock availability limited opportunities for upward adjustments. Competitive imports and cautious downstream procurement further pressured the market, resulting in modest price declines this quarter.

Paraffin Wax Price Trend, Market Analysis, and News

IMARC's latest publication, “Paraffin Wax Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the paraffin wax market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of paraffin wax at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed paraffin wax prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting paraffin wax pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Paraffin Wax Prices, Trend, Chart, Demand, Market

Paraffin Wax Industry Analysis

The global paraffin wax industry size reached USD 6.12 Billion in 2024. By 2033, IMARC Group expects the market to reach USD 9.91 Billion, at a projected CAGR of 5.23% during 2025-2033. Growth is driven by increasing demand in packaging, rising use in cosmetics and personal care products, and expanding applications in candles and coatings, supported by advancements in petroleum refining and rising consumption across emerging economies.

Latest developments in the Paraffin Wax Industry:

  • June 2025: Lords Chloro Alkali Ltd. announced it plans to double its chlorinated paraffin wax capacity at its Rajasthan plant, raising capacity from 50 TPD to 100 TPD by fiscal 2025–26. This expansion, costing about INR 30 crore and funded via internal accruals and credit, is in response to rising demand and over 80% utilization.
     
  • December 2022: Saudi Aramco, SABIC, and Sinopec announced a collaboration to build a 1.5 million-ton/year petrochemical cracker and a 320,000 barrel/day refinery, with operations expected to commence by end-2025, to expand their petrochemical and refining footprint in China and Saudi Arabia.
     
  • November 2022: Eneos Corporation entered into an agreement with Niigata Public Corporation of Agriculture and Forestry to further forest conservation and carbon credit (J credit) generation. This supports Eneos’ goal of reducing CO₂ emissions by 46 % relative to 2013 levels by 2030.

Product Description

Paraffin wax is a white or colorless soft solid derived from petroleum, coal, or oil shale through the dewaxing of light lubricating oil stocks. Chemically, it consists of a mixture of saturated hydrocarbons (alkanes) with carbon chain lengths typically ranging from C20 to C40. It is odorless, tasteless, and insoluble in water but soluble in organic solvents. Paraffin wax is widely used in the candle industry due to its clean-burning properties and ease of molding. In packaging, it provides moisture resistance when applied as coatings on paper and cardboard. Additionally, paraffin wax is utilized in cosmetics, pharmaceuticals, rubber processing, and electrical insulation. Its versatile properties, such as low thermal conductivity and high chemical stability, make it a valuable material across diverse industrial applications.

Report Coverage

Key Attributes Details
Product Name Paraffin Wax
Report Features Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Paraffin Wax Price Analysis, and Segment-Wise Assessment.
Currency/Units US$ (Data can also be provided in local currency) or Metric Tons
Region/Countries Covered The current coverage includes analysis at the global and regional levels only. 
 
Based on your requirements, we can also customize the report and provide specific information for the following countries: 
 
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
 
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* 
 
North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*

Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*

*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client.
Information Covered for Key Suppliers
  • Company Overview
  • Business Description
  • Recent Trends and Developments
Customization Scope The report can be customized as per the requirements of the customer
Report Price and Purchase Option

Plan A: Monthly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Month
    • Forecast for Next Month
  • Total Deliverables Per Year: 12 (One Per Month)
  • Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year

Plan B: Quarterly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Quarter
    • Forecast for Next Quarter
  • Total Deliverables Per Year: 4 (One Per Quarter)
  • Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year

Plan C: Biannually Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Half
    • Forecast for the Next Half
  • Total Deliverables Per Year: 2 (One Per 6 Months)
  • Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
Post-Sale Analyst Support  360-degree analyst support after report delivery
Delivery Format PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) 


Key Benefits for Stakeholders:

  • IMARC’s report presents a detailed analysis of paraffin wax pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
  • The study examines factors affecting paraffin wax price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
  • The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
  • IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The paraffin wax price charts ensure our clients remain at the forefront of the industry.

Key Questions Answered in This Report

The paraffin wax prices in September 2025 were 1.57 USD/KG in Africa, 0.69 USD/KG in Northeast Asia, 1.78 USD/KG in Europe, 1.16 USD/KG in Southeast Asia, and 1.20 USD/KG in North America.

The paraffin wax pricing data is updated on a monthly basis.

We provide the pricing data primarily in the form of an Excel sheet and a PDF.

Yes, our report includes a forecast for paraffin wax prices.

The regions covered include North America, Europe, Asia Pacific, Middle East, and Latin America. Countries can be customized based on the request (additional charges may be applicable).

Yes, we provide both FOB and CIF prices in our report.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Paraffin Wax Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition
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