Industrial Wax Market Booms: Paraffin and Microcrystalline Wax Drive Growth, Reaching US$ 8.36 Billion in 2024

The global Industrial Wax Market is experiencing significant growth, driven by rising demand for paraffin wax in packaging and the increasing use of microcrystalline wax in cosmetics and personal care products. The market is projected to reach US$ 12.85 billion by 2034, with North America and East Asia leading the charge. Key players like Sasol, The Blayson Group Ltd, and Indian Oil Corporation Ltd are driving innovation and expanding their presence in this booming sector.

Surprising Everyday Items Made from Oil

Many everyday items, from food to personal care products, contain hidden oil components derived from fossil fuels. Chocolate, toothpaste, perfumes, paints, pills, flavorings, petroleum jelly, laxatives, shaving cream, and air fresheners all utilize petroleum-based ingredients for various purposes.

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