Liquid Paraffin Market Size, Share & Trends | Industry Report, 2018-2026
Increase in demand from cosmetics Industry is likely to fuel the growth of Liquid Paraffin market Market Size – USD 2.09 billion in 2018, Market Growth - CAGR of 1.2%, Market Trends – Increase in investments in Cosmetics Industry The Liquid Paraffin market is projected to grow at a rate of 1.2% by 2026, to reach USD 2.30 billion in 2026 from USD 2.09 billion in 2018, according to a new report by Reports and Data. Short-term growth till 2022 is projected to grow at a healthy pace of 0.7%. Turmoil in the physical commodity market price index along with surplus inventory stock for liquid paraffin is anticipated to decline the growth of this market during the period 2023-2026. Moving forward to 2019 and the following years, vulnerability in raw material prices remains a concern for this industry along with unpredictable trade policies adopted by major consumers and manufacturers’ country. Cosmetics, food & beverages, detergents and lubricant industry will continu...