Track real-time and historical paraffin wax prices across global regions. Updated monthly with market insights, drivers, and forecasts.
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 |
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.
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.
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.
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.
Key Attributes | Details |
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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 |
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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
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
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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:
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.
IMARC offers trustworthy, data-centric insights into commodity pricing and evolving market trends, enabling businesses to make well-informed decisions in areas such as procurement, strategic planning, and investments. With in-depth knowledge spanning more than 1000 commodities and a vast global presence in over 150 countries, we provide tailored, actionable intelligence designed to meet the specific needs of diverse industries and markets.
1000
+Commodities
150
+Countries Covered
3000
+Clients
20
+Industry
IMARC delivers precise commodity pricing insights using proven methodologies and a wealth of data to support strategic decision-making.
Our extensive databases provide detailed commodity pricing, import-export trade statistics, and shipment-level tracking for comprehensive market analysis.
Through direct supplier surveys and expert interviews, we gather real-time market data to enhance pricing accuracy and trend forecasting.
We analyze industry reports, trade publications, and market studies to offer tailored intelligence and actionable commodity market insights.
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