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.

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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.

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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.
 

Petroleum Wax Market in Algeria, Ghana, Nigeria, and Ivory Coast – Scope of the Report

A latest study collated and published by Transparency Market Research (TMR) analyzes the historical and present-day scenario of the Algeria, Ghana, Nigeria, and Ivory Coast petroleum wax market to accurately gauge its future growth. The study presents detailed information about important growth factors, restraints, and trends that are creating a landscape for growth of the Algeria, Ghana, Nigeria, and Ivory Coast petroleum wax market in order to identify opportunities for market stakeholders. The report also provides insightful information about how the Algeria, Ghana, Nigeria, and Ivory Coast petroleum wax market is expected to expand during the forecast period i.e. from 2020 to 2030.

The report offers intricate dynamics about different aspects of the Algeria, Ghana, Nigeria, and Ivory Coast petroleum wax market, which aids companies operating in the market in making strategic development decisions. TMR’s study also elaborates on significant changes that are anticipated to configure growth of the Algeria, Ghana, Nigeria, and Ivory Coast petroleum wax market during the forecast period. It also includes key indicator assessment that highlights growth prospects for the Algeria, Ghana, Nigeria, and Ivory Coast petroleum wax market and estimates statistics related to growth of the market in terms of value (US$ Mn) and volume (Tons).

This study covers a detailed segmentation of the Algeria, Ghana, Nigeria, and Ivory Coast petroleum wax market, along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the Algeria, Ghana, Nigeria, and Ivory Coast petroleum wax market, wherein various development, expansion, and winning strategies practiced and implemented by leading players have been presented in detail.

Key Questions Answered in TMR’s Report on Petroleum Wax Market in Algeria, Ghana, Nigeria, and Ivory Coast

The report provides detailed information about the petroleum wax market in Algeria, Ghana, Nigeria, and Ivory Coast on the basis of comprehensive research on various factors that are playing a key role in accelerating the growth of the market. Information mentioned in the report answers path-breaking questions for companies that are currently operating in the market and are looking for innovative methods to create a unique benchmark in the petroleum wax market in Algeria, Ghana, Nigeria, and Ivory Coast so as to help them design successful strategies and make target-driven decisions.

Key Queries Addressed in Report

  • Which type segment of petroleum wax market would emerge as a leading revenue generator for the market during the forecast period?
  • How are key market players successfully earning revenues in the competitive petroleum wax market?
  • What would be the Y-o-Y growth trend of the petroleum wax market between 2020 and 2030?
  • What are the winning imperatives of leading players operating in the petroleum wax market?
  • Which application segment is expected to create lucrative opportunities for the petroleum wax market during the forecast period?

Research Methodology – Petroleum Wax Market in Algeria, Ghana, Nigeria, and Ivory Coast

The research methodology adopted by analysts for compiling the report on the Algeria, Ghana, Nigeria, and Ivory Coast petroleum wax market is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Algeria, Ghana, Nigeria, and Ivory Coast petroleum wax market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales & marketing managers. Based on the data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the Algeria, Ghana, Nigeria, and Ivory Coast petroleum wax market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the Algeria, Ghana, Nigeria, and Ivory Coast petroleum wax market.

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Algeria Ghana Nigeria And Ivory Coast Petroleum Wax Market

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