North American Food Grade Paraffin Wax Market Insights August 2018
Explore the North American food grade paraffin wax market trends for August 2018. This detailed report covers FDA regulations, application volumes, production, supply, demand, imports, and more.
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North American Food Grade Paraffin Wax Market August 2018
Explanation Explanation NA North America FDA Approved Paraffin Wax Specialty Commodity This product complies with the following F.D.A. regulations: Sections 172.886 Direct food additive use Sections 178.3710 Indirect food additive use
NA FDA Paraffin Application Volumes Total NA Usage 1,083,,000,000 pounds Candle & Molded Products 355,000,000 pounds Paper & Packaging 405,000,000 pounds Rubber 50,000,000 pounds PVC 35,000,000 pounds Coatings 30,000,000 pounds Casting 25,000,000 pounds Cosmetic & Medical 18,000,000 pounds Adhesives - 55,000,000 pounds Industrial 65,000,000 pounds Other 35,000,000 pounds Export 10,000,000 pounds
NA FDA Applications Candle & Molded Products Paper & Packaging Appication Usage Rubber PVC Industrial Coatings Casting Products Cosmetic & Medical Adhesives Industrial Other
North American Production Exxon Baton Rouge 250,000,000 pounds IGI Pennsylvania 125,000,000 pounds IGI Toronto Canada 150,000,000 pounds Calumet Louisiana 90,000,000 pounds Holly Frontier Tulsa 70,000,000 pounds Other Various 10,000,000 pounds Total NA Production 695,000,000 pounds
NA FDA Paraffin Supply 450,000,000 400,000,000 350,000,000 300,000,000 250,000,000 200,000,000 150,000,000 NA Supply Volumes 100,000,000 50,000,000 0
North American Demand vs. North American Production 1,200,000,000 1,000,000,000 800,000,000 600,000,000 400,000,000 200,000,000 0 NA Demand NA NA Production Production Shortfall NA-North American
NA FDA Paraffin Imports 2017 China 57% 219,000,000 pounds Taiwan 13% 51,000,000 pounds Canada 9% 35,000,000 pounds Japan 9% 37,000,000 pounds South Africa 2% 7,000,000 pounds Germany 5% 20,000,000 pounds Other 5% 17,000,000 pounds Total Imports - 386,000,000 pounds
2017 NA FDA Paraffin Imports January February March April May June July August September October November December China 17 10.9 29.1 9.33 28.1 16.1 13.8 19 16.03 20.4 27.5 12.3 219.4 57% Canada 3.04 2.05 2.28 2.5 3.4 3.26 3.44 3 2.95 3.48 2.92 2.5 34.82 9% India 0.98 0.54 0.49 0.36 1.25 0.25 0.96 2.12 6.95 2% Taiwan 0.83 22.4 4.32 1.43 5.23 2.27 1.06 2 1.73 3.15 3.35 3.79 51.56 13% Japan 0.47 0.53 7.13 6.12 0.77 0.53 3.72 0.5 4.66 7.12 0.29 4.87 36.71 9% Germany 3.01 0.66 4.82 0.41 4.66 0.34 0.5 4.65 0.41 0.53 0.32 20.31 5% South Africa 0.3 0.75 0.35 0.3 0.77 0.8 0.59 0.6 0.58 0.92 0.5 0.59 7.05 2% Turkey 0.08 0.16 0.16 0.24 0.16 0.8 0.2% Vietnam 0.08 0.09 0.17 0.04% Malaysia 0.08 0.26 0.08 0.17 0.59 0.15% UK 0.24 0.24 0.06% Israel 0.08 0.08 0.02% Brazil 5.76 5.76 1.5% Thailand 0.21 0.21 0.05% Others 0.08 0.24 0.36 0.11 0.41 0.16 0.54 0.25 0.18 0.25 0.13 0.26 2.97 0.77% 22.9 40.5 44.9 24.9 39.7 29.1 29.5 25.9 30.95 36.2 36.3 26.9 387.62 100%
NA FDA Paraffin Imports 250,000,000 200,000,000 150,000,000 100,000,000 NA Imports 50,000,000 0
Key FDA Paraffin Applications Packaging of Produce from Field to Market Packaging of Chicken & Fish for Healthy Shipment to Market Wax Paper Wrap for Restaurant Food Packaging Religious Candles for Broad Range of Religions Worship Tissue Imbedding Products for Cancer Research Casting Molds for Aircraft & Government Applications Rubber Applications for Tire & Auto Parts PVC Products for Building and Factory Construction Protective Coatings for Highway & Bridge Construction Adhesive Products important for Food Packaging
Tariff Impact On NA Paraffin Market 10% Duty on All Chinese Paraffin Products Market Cost Escalation on all NA Wax Applications Paraffin Imports Key Part of NA Wax Demand/Supply Shortages of Specific Chinese Waxes Critical on Key Applications Food Applications Critical for Healthy Food Supply Casting Aircraft & Govt. Parts for Defense Adhesive Products for Safe Food Packaging Medical Treatments and Cancer Research Ingredients in Food and Pharm Applications
