|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Request for Real Time Paraffin Prices: https://www.procurementresource.com/resource-center/paraffin-price-trends/pricerequest
Paraffin is a waxy crystalline substance that is mainly composed of petroleum, coal, or oil shale. The chemical formula of CnH2n+2 and its boiling point is 370 °C (698 °F). It is white solid in appearance and is odourless in nature.
The flash point of paraffin is 200–240 °C (392–464 °F; 473–513 K) and its solubility in water is 1 mg/L. It is highly soluble in water and is also combustible in nature.
It contains a mixture of hydrocarbon molecules, which contains 20 to 40 carbon atoms. It is also referred to as paraffin oil, paraffin wax, and liquid paraffin.
The top paraffin-producing countries are China, Indonesia, India, Thailand, and Japan.
Key Details About the Paraffin Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the paraffin price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The paraffin price trend, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Paraffin Price Trend:
It is commonly used as fuel for jet engines, and rockets and is also used as a fuel component in diesel and tractor engines.
Additionally, it is employed in lubricants, crayons, candles, petroleum jelly, and electrical insulation. Other than that, it also finds its application in medicines, agriculture, and cosmetic industries.
During outdoor activities and mountaineering, it is used as fuel in portable stoves. It helps in extending the life of expensive machinery and equipment by reducing binding, friction, and wear.
It is also utilised as a coolant for electric systems, as a hydraulic fluid, and as a solvent for insecticides and greases.
Key Market Players:
- Paraffinwaxco, Inc.,
- PetroChina Company Limited,
- Chennai Petroleum Corporation Limited,
- Numaligarh Refinery Limited,
- UNICORN PETROLEUM INDUSTRIES PVT. LTD.
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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