The global paraffin wax market is expected to reach USD 8.02 billion by 2022, according to a new report by Grand View Research, Inc. Growing demand for paraffin wax in manufacturing candles, cosmetics, and packaging is expected to increase market size over the next seven years. Increasing use of paraffin wax in flexible packaging as a good barrier against odor and gas transmission is likely to drive growth. Expansion of the food & beverage sector in various countries including China, India and Brazil is expected to drive industry growth over the upcoming period.
http://www.grandviewresearch.com/industry-analysis/paraffin-wax-market
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