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Algeria, Ghana, Nigeria, and Ivory Coast Petroleum Wax Market

Algeria, Ghana, Nigeria, and Ivory Coast Petroleum Wax Market (Type: Paraffin Wax, Microcrystalline Wax, and Petroleum Jelly; and Application: Candles, Packaging, Cardboard Coating, Cosmetics, and Others [Food, Ink, and Rubber]) – Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Robust Business Continuity Plans Rescue Manufacturers from Supply Disruptions amidst COVID-19 Crisis

Companies in the Algeria, Ghana, Nigeria, and Ivory Coast petroleum wax market are closely monitoring the evolving situation of the COVID-19 (coronavirus) crisis in order to minimize supply chain disruptions. They are strategizing on rigorous business continuity plans to ensure the well-being of its end-use customers. Manufacturers in the petroleum wax market in Algeria, Ghana, Nigeria, and Ivory Coast are establishing a production team with a skeleton crew in offices and laboratories to ensure a continued business model amidst the COVID-19 pandemic.

Manufacturers are forming a working group that assesses and takes the necessary steps according to changing circumstances. It has been observed that many petroleum wax companies are not facing any issues in their raw material supplies. There has not been a significant impact on the supply of personal care products.

algeria ghana nigeria and ivory coast petroleum wax market infographic

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Paraffin Wax Acquires Prominence in Beauty and Personal Care Industry

Paraffin wax is being highly publicized for cosmetic products in the Algeria, Ghana, Nigeria, and Ivory Coast petroleum wax market. Paraffin wax has a melting point, which is close to natural human body temperature resulting in easy application on the skin. Hot paraffin wax is growing popular to soothe achy joints and offer back-of-the-neck relaxation. Thus, companies in the petroleum wax market in Algeria, Ghana, Nigeria, and Ivory Coast are tapping into incremental opportunities in paraffin hand treatments to create revenue streams.

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Individuals with dry or cracked skin as well as those looking to soften their calluses are increasingly opting for paraffin hand treatments. Paraffin wax distributors are entering into tie-ups with stakeholders in the beauty and personal care sector, as many salons and spas as paraffin wax pedicures and manicures are becoming increasingly mainstream in salons and spas. The trend of paraffin wax bath in households is another key driver fueling market growth.

Advantages of Highly Refined Petroleum Jelly Offset Natural Ingredients in Products

The petroleum wax market in Algeria, Ghana, Nigeria, and Ivory Coast is anticipated to progress at a favorable CAGR of ~5% during the forecast period. However, natural substitutes to petroleum jelly pose as a restraint for manufacturers. Oils derived from castor seeds, beeswax, coconut, olive, and shea are replacing petroleum jelly in most personal care products, as consumers are becoming increasingly aware about the advantages of natural ingredients in beauty products. Hence, companies in the petroleum wax market in Algeria, Ghana, Nigeria, and Ivory Coast are increasing their R&D in producing highly refined and triple-purified petroleum jelly to make personal care products safe for utilization.

In order to entice customers, manufacturers are introducing new scents, pigments, and shimmers in products to increase uptake. They are increasing awareness about how lip care products made with petroleum jelly help reduce the amount of water that evaporates through the skin over time. Manufacturers are increasing their production capabilities to develop all-purpose moisturizers that resonate with millennials and Gen Z shoppers.

Manufacturers Comply with Purity Regulations to Generate Revenue Streams in Food Packaging

There is a growing demand for high purity specialty waxes in the petroleum wax market in Algeria, Ghana, Nigeria, and Ivory Coast. Hence, manufacturers are increasing their R&D efforts in refining technologies such as distillation and de-oiling in order to produce high-quality personal care products. Apart from beauty products, manufacturers are gauging value-grab opportunities in the field of food additives and food packaging with the help of innovations in microcrystalline waxes. As such, manufacturers in the petroleum wax market in Algeria, Ghana, Nigeria, and Ivory Coast are increasing their production capacities for microcrystalline wax with the help of high-pressure hydrogenation and purification methods.

Manufacturers in the petroleum wax market in Algeria, Ghana, Nigeria, and Ivory Coast are boosting their credibility by abiding the purity and cosmetic regulations issued by the global pharmacopoeia. Ductility, smoothness, and outstanding oil-absorption capacity of microcrystalline wax is acquiring prominence in foodstuff, lip base materials, and other cosmetic formulations.

algeria ghana nigeria and ivory coast petroleum wax market segmentation

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Analysts’ Viewpoint

Companies in the petroleum wax market in Algeria, Ghana, Nigeria, and Ivory Coast are increasing efforts to remain highly dynamic amidst the COVID-19 crisis by contacting customers in case of delay in deliveries. Paraffin wax bath machines are being highly preferred by customers to rejuvenate the skin.

Microcrystalline waxes are acquiring prominence in cosmetic products to prevent sweating or oil migration after application. However, the clean beauty movement is creating increased demand for natural ingredients. Hence, companies should gain efficacy in highly refined and high-purity petroleum waxes to win consumers. They should introduce enticing ingredients such as new scents and pigments in products by promoting safety attributes of petroleum waxes.
 

    1. Executive Summary

        1.1. Market Outlook

        1.2. Key Facts and Figures

        1.3. Key Trends

        1.4. TMR’s Growth Opportunity Wheel

    2. Market Overview

        2.1. Market Segmentation

        2.2. Market Definitions

        2.3. Market Indicators

    3. Market Dynamics

        3.1. Drivers and Restraints Snapshot Analysis

            3.1.1. Drivers

            3.1.2. Restraints

            3.1.3. Opportunities

        3.2. Porter’s Five Forces Analysis

            3.2.1. Threat of Substitutes

            3.2.2. Bargaining Power of Buyers

            3.2.3. Bargaining Power of Suppliers

            3.2.4. Threat of New Entrants

            3.2.5. Degree of Competition

        3.3. Regulatory Scenario

        3.4. Value Chain Analysis

        3.5. List of Potential Customers

    4. Africa Market Outlook 

        4.1. Africa – Key Findings

        4.2. Petroleum Wax Market: Country-wise Outlook

    5. Algeria Outlook Petroleum Wax Market Overview

        5.1. Key Findings and Introduction

        5.2. Algeria Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Type, 2019–2030

            5.2.1. Algeria Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Paraffin Wax, 2019–2030

            5.2.2. Algeria Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Microcrystalline Wax, 2019–2030

            5.2.3. Algeria Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Petroleum Jelly, 2019–2030

        5.3. Algeria Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Application, 2019–2030

            5.3.1. Algeria Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Candles, 2019–2030

            5.3.2. Algeria Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Packaging, 2019–2030

            5.3.3. Algeria Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Cardboard Coating, 2019–2030

            5.3.4. Algeria Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Cosmetics, 2019–2030

            5.3.5. Algeria Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Others, 2019–2030

        5.4. Algeria Petroleum Wax Market: Price Trend Analysis & Forecast

        5.5. Algeria Petroleum Wax Market: Competition Landscape

    6. Ivory Coast Outlook Petroleum Wax Market Overview

        6.1. Key Findings and Introduction

        6.2. Ivory Coast Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Type, 2019–2030

            6.2.1. Ivory Coast Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Paraffin Wax, 2019–2030

            6.2.2. Ivory Coast Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Microcrystalline Wax, 2019–2030

            6.2.3. Ivory Coast Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Petroleum Jelly, 2019–2030

        6.3. Ivory Coast Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Application, 2019–2030

            6.3.1. Ivory Coast Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Candles, 2019–2030

            6.3.2. Ivory Coast Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Packaging, 2019–2030

            6.3.3. Ivory Coast Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Cardboard Coating, 2019–2030

            6.3.4. Ivory Coast Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Cosmetics, 2019–2030

            6.3.5. Ivory Coast Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Others, 2019–2030

        6.4. Ivory Coast Petroleum Wax Market: Price Trend Analysis & Forecast

        6.5. Ivory Coast Petroleum Wax Market: Competition Landscape

    7. Ghana Outlook Petroleum Wax Market Overview

        7.1. Key Findings and Introduction

        7.2. Ghana Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Type, 2019–2030

            7.2.1. Ghana Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Paraffin Wax, 2019–2030

            7.2.2. Ghana Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Microcrystalline Wax, 2019–2030

            7.2.3. Ghana Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Petroleum Jelly, 2019–2030

        7.3. Ghana Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Application, 2019–2030

            7.3.1. Ghana Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Candles, 2019–2030

            7.3.2. Ghana Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Packaging, 2019–2030

            7.3.3. Ghana Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Cardboard Coating, 2019–2030

            7.3.4. Ghana Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Cosmetics, 2019–2030

            7.3.5. Ghana Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Others, 2019–2030

        7.4. Ghana Petroleum Wax Market: Price Trend Analysis & Forecast

        7.5. Ghana Petroleum Wax Market: Competition Landscape

    8. Nigeria Outlook Petroleum Wax Market Overview

        8.1. Key Findings and Introduction

        8.2. Nigeria Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Type, 2019–2030

            8.2.1. Nigeria Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Paraffin Wax, 2019–2030

            8.2.2. Nigeria Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Microcrystalline Wax, 2019–2030

            8.2.3. Nigeria Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Petroleum Jelly, 2019–2030

        8.3. Nigeria Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Application, 2019–2030

            8.3.1. Nigeria Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Candles, 2019–2030

            8.3.2. Nigeria Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Packaging, 2019–2030

            8.3.3. Nigeria Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Cardboard Coating, 2019–2030

            8.3.4. Nigeria Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Cosmetics, 2019–2030

            8.3.5. Nigeria Petroleum Wax Market Volume (Tons) and Value (US$ Mn) Analysis & Forecast, by Others, 2019–2030

        8.4. Nigeria Petroleum Wax Market: Price Trend Analysis & Forecast

        8.5. Nigeria Petroleum Wax Market: Competition Landscape

    9. Company Profiles

        9.1. Sonneborn LLC 

            9.1.1. Company Details

            9.1.2. Company Description

            9.1.3. Business Overview

        9.2. Sasol

            9.2.1. Company Details

            9.2.2. Company Description

            9.2.3. Business Overview

            9.2.4. Financial Overview

        9.3. Kerax Limited

            9.3.1. Company Details

            9.3.2. Company Description

            9.3.3. Business Overview

        9.4. Exxon Mobil Corporation

            9.4.1. Company Details

            9.4.2. Company Description

            9.4.3. Business Overview

            9.4.4. Financial Overview

            9.4.5. Strategic Overview

        9.5. Honeywell International Inc.

            9.5.1. Company Details

            9.5.2. Company Description

            9.5.3. Business Overview

            9.5.4. Financial Overview

            9.5.5. Strategic Overview 

        9.6. Orbichem

            9.6.1. Company Details

            9.6.2. Company Description

            9.6.3. Business Overview

        9.7. H&R GROUP

            9.7.1. Company Details

            9.7.2. Company Description

            9.7.3. Business Overview 

            9.7.4. Financial Overview

        9.8. RDR Energy

            9.8.1. Company Details

            9.8.2. Company Description

            9.8.3. Business Overview

        9.9. Brenntag AG 

            9.9.1. Company Details

            9.9.2. Company Description

            9.9.3. Business Overview

            9.9.4. Financial Overview

            9.9.5. Strategic Overview

    10. Primary Research – Key Insights

    11. Appendix

        11.1. Research Methodology and Assumptions

    List of Tables

    Table 01: Algeria Petroleum Wax Market Volume (Tons) Forecast, by Type, 2019–2030

    Table 02: Algeria Petroleum Wax Market Value (US$ Mn) Forecast, by Type, 2019–2030

    Table 03: Algeria Petroleum Wax Market Volume (Tons) Forecast, by Application, 2019–2030

    Table 04: Algeria Petroleum Wax Market Value (US$ Mn) Forecast, by Application, 2019–2030

    Table 05: Ivory Coast Petroleum Wax Market Volume (Tons) Forecast, by Type, 2019–2030

    Table 06: Ivory Coast Petroleum Wax Market Value (US$ Mn) Forecast, by Type, 2019–2030

    Table 07: Ivory Coast Petroleum Wax Market Volume (Tons) Forecast, by Application, 2019–2030

    Table 08: Ivory Coast Petroleum Wax Market Value (US$ Mn) Forecast, by Application, 2019–2030

    Table 09: Ghana Petroleum Wax Market Volume (Tons) Forecast, by Type, 2019–2030

    Table 10: Ghana Petroleum Wax Market Value (US$ Mn) Forecast, by Type, 2019–2030

    Table 11: Ghana Petroleum Wax Market Volume (Tons) Forecast, by Application, 2019–2030

    Table 12: Ghana Petroleum Wax Market Value (US$ Mn) Forecast, by Application, 2019–2030

    Table 13: Nigeria Petroleum Wax Market Volume (Tons) Forecast, by Type, 2019–2030

    Table 14: Nigeria Petroleum Wax Market Value (US$ Mn) Forecast, by Type, 2019–2030

    Table 15: Nigeria Petroleum Wax Market Value (US$ Mn) Forecast, by Application, 2019–2030

    Table 16: Nigeria Petroleum Wax Market Value (US$ Mn) Forecast, by Application, 2019–2030 

    List of Figures

    Figure 01: Algeria Petroleum Wax Market Value Share Analysis, by Type

    Figure 02: Algeria Petroleum Wax Market Attractiveness Analysis, by Type

    Figure 03: Algeria Petroleum Wax Market Volume (Tons) and Value (US$ Mn), 2019–2030

    Figure 04: Algeria Petroleum Wax Market Value Share Analysis, by Application

    Figure 05: Algeria Petroleum Wax Market Attractiveness Analysis, by Application

    Figure 06: Algeria Price Comparison Analysis and Forecast, by Type (US$/Ton)

    Figure 07: Ivory Coast Petroleum Wax Market Value Share Analysis, by Type

    Figure 08: Ivory Coast Petroleum Wax Market Attractiveness Analysis, by Type

    Figure 09: Ivory Coast Petroleum Wax Market Volume (Tons) and Value (US$ Mn), 2019–2030

    Figure 10: Ivory Coast Petroleum Wax Market Value Share Analysis, by Application

    Figure 11: Ivory Coast Petroleum Wax Market Attractiveness Analysis, by Application

    Figure 12: Ivory Coast Price Comparison Analysis and Forecast, by Type (US$/Ton)

    Figure 13: Ghana Petroleum Wax Market Value Share Analysis, by Type

    Figure 14: Ghana Petroleum Wax Market Attractiveness Analysis, by Type

    Figure 15: Ghana Petroleum Wax Market Volume (Tons) and Value (US$ Mn), 2019–2030

    Figure 16: Ghana Petroleum Wax Market Value Share Analysis, by Application

    Figure 17: Ghana Petroleum Wax Market Attractiveness Analysis, by Application

    Figure 18: Ghana Price Comparison Analysis and Forecast, by Type (US$/Ton)

    Figure 19: Nigeria Petroleum Wax Market Value Share Analysis, by Type

    Figure 20: Nigeria Petroleum Wax Market Attractiveness Analysis, by Type

    Figure 21: Nigeria Petroleum Wax Market Volume (Tons) and Value (US$ Mn), 2019–2030

    Figure 22: Nigeria Petroleum Wax Market Value Share Analysis, by Application

    Figure 23: Nigeria Petroleum Wax Market Attractiveness Analysis, by Application

    Figure 24: Nigeria Price Comparison Analysis and Forecast, by Type (US$/Ton)

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Algeria, Ghana, Nigeria, and Ivory Coast Petroleum Wax Market

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