Newark, Sept. 20, 2023 (GLOBE NEWSWIRE) — The global paraffin wax market is anticipated to grow from USD 4.91 billion in 2020 to USD 7.80 billion by 2028, at a CAGR of 5.82% during the forecast period 2021-2028. Global paraffin wax market is growing at a steady growth rate, owing to increasing demand for paraffin wax in a variety of end-use applications such as candle manufacturing, rubber, and cosmetics. Furthermore, growing consumer awareness regarding home ambience, further increasing demand for candles, resulting in the growth of paraffin wax.
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