The global Waxy Crude Oil market was valued at 1055.96 Million USD in 2021 and will grow with a CAGR of 4.88% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Waxy crude oils are normally found in petroleum reservoirs. The crude oil that possesses a high amount of wax, known as waxy crude oil. Waxy crude oil can be defined as the crude oil that contains high amount of long-chain paraffin wax (alkanes) components, making the crude to possess a high pour point and, may be, a low API gravity.The leading manufactures mainly are Saudi Aramco, CNPC, Rosneft, Chevron, Shell, Kuwait Petroleum, ExxonMobil, National Iranian, BP, Petrobras and etc. Saudi Aramco is the largest manufacturer, its revenue of global market exceeds 28.53% in 2019. The separation of petroleum yields many useful products. These products are useful for transportation, fuel oil for heating and electricity generation, and asphalt. Products include gasoline, jet fuel (or kerosene), propane, petroleum coke, bitumen, plastics and waxes. In this report, the main application (downstream) include Petroleum Fuel, Lubricants and Greases, Wax, Bitumen and Petroleum Coke, Solvents and Petrochemicals. In 2019, more than 69% by volume of the Waxy Crude Oil was used to produce Petroleum Fuel, followed by Solvents and Petrochemicals, which accouted about 14.9% of Waxy Crude Oil application.

By Market Verdors:

Saudi Aramco

National Iranian

Rosneft

CNPC

Kuwait Petroleum

ExxonMobil

BP

Petrobras

Pemex

Lukoil

ADNOC

Shell

Chevron

Qatar Petroleum

By Types:

Medium Waxy Crude Oil

Light Waxy Crude Oil

By Applications:

Petroleum Fuel

Lubricants and Greases

Wax, Bitumen and Petroleum Coke

Solvents and Petrochemicals

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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