Global Paraffin wax candles Market Overview:
Candles are largely used in aromatherapy in hotels, spas, and other commercial businesses. In cosmetics, paraffin wax is used for skin softening in salon and spa treatment. Paraffin wax is a soft colorless solid derived from petroleum, coal, or oil shale. It is a byproduct of the oil purification method. Paraffin wax is derived from the dewaxing method that petroleum undergoes. It's then processed more for usage in products. Paraffin consists of the mixture of organic compound molecules that contains twenty carbon atoms to forty carbon atoms. Uncolored and unscented paraffin candles are odourless and bluish-white in color. Paraffin is insoluble in water, however soluble in ether, benzene, and certain ethers. Slack wax, that is that the mixture of oil and wax, is the feedstock for paraffin wax.
Growth Drivers
- Increasing Disposable Income
- Increasing Numerous Designs in The Candle
Roadblocks
- Fluctuating Price of Raw Materials
Opportunities
- Increasing Sale from The E-Commerce Platform
Challenges
- Intense Competition in The Market
Competitive Landscape:
The wax candles are in high demand due to the attractive look that it offers which gives grace to the surrounding. The enhanced look of the surroundings gives a joyful feeling which in turn is affecting the demand and hence the market is expected to grow in coming years. Even though there are many competitors coming in the market expected to grow with many new opportunities.
Some of the key players profiled in the report are Yankee Candle (Newell Brands) (United States), Luminex Home Décor & Fragrance Holding Corporation (United States), Bolsius (Netherlands), MVP Group International, Inc (United States), Gies (United States), Talent (United States), Universal Candle (United States), Qingdao Kingking Applied Chemistry Co., LTD (China), Vollmar (Germany) and Empire Candle Co., LLC (United States). Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Paraffin wax candles market.
What Can be Explored with the Paraffin wax candles Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Paraffin wax candles Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Paraffin wax candles
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Paraffin wax candles market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Paraffin wax candles market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Paraffin wax candles, Suppliers and distributors of Paraffin wax candles, Vendors of Paraffin wax candles, Raw Material Supplier of Paraffin wax candles, Governmental and Regulatory bodies and End-Users.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.