Global and United States Waxy Crude Oil Market Report & Forecast 2022-2028

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.
Market Analysis and Insights: Global and United States Waxy Crude Oil Market
This report focuses on global and United States Waxy Crude Oil market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Waxy Crude Oil market size is estimated to be worth US$ 833.4 million in 2022 and is forecast to a readjusted size of US$ 1110.4 million by 2028 with a CAGR of 4.9% during the review period. Fully considering the economic change by this health crisis, by Type, Medium Waxy Crude Oil accounting for % of the Waxy Crude Oil global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Petroleum Fuel was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
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.
Global Waxy Crude Oil Scope and Market Size
Waxy Crude Oil market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Waxy Crude Oil market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Waxy Crude Oil market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Medium Waxy Crude Oil
Light Waxy Crude Oil
Segment by Application
Petroleum Fuel
Lubricants and Greases
Wax, Bitumen and Petroleum Coke
Solvents and Petrochemicals
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Saudi Aramco
National Iranian
Rosneft
CNPC
Kuwait Petroleum
ExxonMobil
BP
Petrobras
Pemex
Lukoil
ADNOC
Shell
Chevron
Qatar Petroleum