Paraffin is a waxy and flammable substance obtained from the distillation of petroleum, coal, and shale oil. It has a hard texture and white color and is commercially manufactured by refining lubricating oil stocks. It is used as a fuel for running jet engines, rockets, and tractors and a lubricant for diesel engines. It is utilized for manufacturing candles, wax crayons, and petroleum jelly. It is incorporated into various makeup and skincare products, such as lipsticks, lip balms, and moisturizers, as it is a natural emollient and keeps the skin soft and supple. It is also employed as an electrical insulator for wires, as paraffin does not conduct current. It assists in heat therapy to relieve the pain of osteoarthritis, rheumatoid arthritis, fibromyalgia, and joint pain. It is applied as a water-repelling agent to various products, such as matchsticks, canvas, leather, and cotton. Paraffin is also required in producing insecticides as they cover and suffocate insect larvae and eggs, causing plant diseases. It aids in manufacturing various machines to extend their shelf life, reduce friction, and decrease corrosion. As paraffin is highly affordable and combustible, it finds extensive applications in the central heating system of residences across the globe.
The increasing demand for paraffin as a lubricant for heavy machinery in various industries around the world represents one of the key factors driving the market. Besides this, the rising utilization of paraffin in manufacturing personal care products, such as moisturizers, creams, petroleum jelly, and lip balms, is propelling the growth of the market. In addition, the growing demand for paraffin in producing scented candles used for aromatherapy is positively influencing the market. Apart from this, the increasing employment of paraffin for waterproofing paperboard packaging is bolstering the growth of the market. Additionally, major players operating in the industry are investing in research and development (R&D) activities to introduce bio-paraffin with sustainable qualities, which is strengthening the growth of the market.
This production cost analysis report by Syndicated Analytics is the result of a comprehensive examination of the paraffin manufacturing process. The study covers all the requisite aspects that one needs to know while making a foray into the paraffin industry. It is based on the latest economic data and presents exhaustive insights about the primary process flow, raw material requirements, reactions involved, utility costs, operating costs, capital investments, pricing, margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the paraffin industry.
The following technical and economic aspects are included in the report:
Key Questions Answered in This Report-
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1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Research Methodology
3 Executive Summary
4 Global Paraffin Market
4.1 Market Overview
4.2 Historical and Current Market Performance
4.3 Impact of COVID-19
4.4 Market Forecast
4.5 Market Breakup by Segment
4.6 Market Breakup by Region
4.7 Price Trends
4.7.1 Paraffin Price Trends
4.7.2 Product Margins
5 Paraffin Manufacturing Process
5.1 Product Overview
5.2 Detailed Process Flow
5.3 Various Types of Unit Operations Involved
5.4 Mass Balance and Raw Material Requirements
6 Production Cost Analysis
6.1 Raw Material Cost Analysis
6.1.1 Price Trend of Raw Materials Required
6.1.2 Total Expense on Raw Materials
6.2 Utility Cost Analysis
6.2.1 Electricity Costs
6.2.2 Steam Costs
6.2.3 Process Water Costs
6.2.4 Total Expense on Utilities
6.3 Operating Cost Analysis
6.3.1 Salaries and Wages
6.3.2 Plant Overheads
6.3.3 Tax and Insurance
6.3.4 Packaging Costs
6.3.5 Transportation Costs
6.3.6 Sales and Administration Costs
6.3.7 Total Operating Costs
6.4 Capital Cost Analysis
6.4.1 Land and Site Development Costs
6.4.2 Civil Work Costs
6.4.3 Plant Machinery and Commissioning Costs
6.4.3.1 Plant Machinery Costs
6.4.3.2 Auxiliary Equipment Cost
6.4.3.3 Electrical Works and Piping Costs
6.4.3.4 Other Fixed Costs
6.4.4 Working Capital Requirements for Plant Operation
6.4.5 Total Capital Investment Required
6.5 Total Production Cost
7 Annexure
7.1 Raw Material Suppliers
7.2 Pant Machinery Suppliers
List of Figures
Figure 1: Global: Paraffin Market: Major Drivers and Challenges
Figure 2: Global: Paraffin Market: Value Trends (in Million US$), 2017-2022
Figure 3: Global: Paraffin Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 4: Global: Paraffin Market: Breakup by Segment (in %), 2022
Figure 5: Global: Paraffin Market: Breakup by Region (in %), 2022
Figure 6: Paraffin: Price Trends, 2017 & 2022
Figure 7: Paraffin: Margins Across Various Stages of the Supply Chain
Figure 8: Paraffin: Breakup of Costs
Figure 9: Paraffin Price Structure
Figure 10: Paraffin: Manufacturing Process Flow
Figure 11: Paraffin: Manufacturing Process: Conversion Rate of Raw Materials
Figure 12: Paraffin: Raw Material Price Trends, 2017 & 2022
List of Tables
Table 1: Paraffin Manufacturing: Raw Material Requirements
Table 2: Paraffin Manufacturing: Raw Material Costs
Table 3: Paraffin Manufacturing: Electricity Costs
Table 4: Paraffin Manufacturing: Steam Costs
Table 5: Paraffin Manufacturing: Process Water Costs
Table 6: Paraffin Manufacturing: Total Utility Costs
Table 7: Paraffin Manufacturing Plant: Costs Related to Salaries and Wages
Table 8: Paraffin Manufacturing: Packaging Costs
Table 9: Paraffin Manufacturing: Transportation Costs
Table 10: Paraffin Manufacturing: Sales and Administration Costs
Table 11: Paraffin Manufacturing: Total Operating Costs
Table 12: Paraffin Manufacturing: Costs Related to Land and Site Development
Table 13: Paraffin Manufacturing: Costs Related to Civil Works
Table 14: Paraffin Manufacturing: Costs Related to Plant Machinery
Table 15: Paraffin Manufacturing: Costs Related to Auxiliary Equipment
Table 16: Paraffin Manufacturing: Costs Related to Electrical works and Piping
Table 17: Paraffin Manufacturing: Total Costs Related to Plant Machinery and Commissioning
Table 18: Paraffin Manufacturing: Working Capital Requirements
Table 19: Paraffin Manufacturing: Total Capital Investment Required
Table 20: Paraffin Manufacturing: Total Production Cost
Table 21: Paraffin Manufacturing: Raw Material Suppliers
Table 22: Paraffin Manufacturing: Machinery Suppliers
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