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Paraffins in the US Procurement Price, Data and Insights
Paraffin wax is distinct from kerosene, which is another petroleum-based product often referred to as paraffin. The product's applications are wide and diverse, including as a water repellant in composite building materials, manufacturing-grade lubricants, and in consumer goods, such as cosmetics and chewing gum. Buyers in this market participate in the cosmetics, construction and chemical industries and suppliers are chemical manufacturers and wholesalers.
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What’s included in this market coverage
IBISWorld's research coverage on the Paraffins procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Paraffins market in the United States includes Fully-Refined Paraffin Wax, Semi-Refined Paraffin Wax, Slack Wax, Microcrystalline Wax and Synthetic Paraffin Wax. Standard coding in this coverage includes HS-271220-Paraffin Wax; Containing By Weight Less Than 0.75% Of Oil, Obtained By Synthesis Or By Other Processes, Whether Or Not Coloured, ISIC-192-Manufacture of refined petroleum products, NACE-19.20-Manufacture Of Refined Petroleum Products, NAICS-324110-Petroleum Refineries and UNSPSC-12181503-Paraffins.
What common market terminology is included?
Common market terminology included in the Paraffins procurement coverage includes Base Oil (A petroleum stock oil that has be purified from crude oil so that it can be blended with additives to create other oil-based goods.), Group II+ Oils (These base oils (Group II, III and IV) are considered high performing compared to Group I oils because they are manufactured using newer processes and have lower levels of impurities.), Slack Wax (Residual wax collected from refining crude oil and is primarily used to produce finished waxes, such as paraffin wax.) and Free on Board (FOB) (This designation determines that vendors are responsible for costs are pertaining to the delivery of a good up to a designated port for delivery. After that point, buyers are obligated to pay for further delivery costs.).
What companies are included as top suppliers?
The top companies covered in the Paraffins procurement report as suppliers are Chevron Phillips Chemical Company Llc, American Refining Group, Inc., Aldon Corporation, Calumet Specialty Products Partners LP and Ergon, Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Paraffins market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per metric ton, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Paraffins market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Paraffins procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Paraffins market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Paraffins market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Paraffins?
The 2026 benchmark market price for Paraffins is $1850 per metric ton. Prices have increased at a CAGR of 2.06 from 2023-26.
Who are the top vendors in the Paraffins market?
The top vendors in the Paraffins market include Chevron Phillips Chemical Company Llc, American Refining Group, Inc., Aldon Corporation, Calumet Specialty Products Partners LP and Ergon, Inc..
What industries supply the Paraffins market?
The top industries supplying the Paraffins market are Petroleum Refining in the US, Oil & Gas Field Services in the US and Oil Drilling & Gas Extraction in the US.
What is the supply chain risk for Paraffins?
High market concentration reduces competition and strengthens supplier pricing power. The paraffin market is dominated by large, established corporations within the oil and gas sector, creating a high level of concentration. This structure limits competition and grants major suppliers greater control over pricing, which weakens buyer leverage. Buyers should counteract this by benchmarking across multiple vendors, negotiating long-term agreements that cap annual increases, and exploring regional suppliers where feasible. Diversifying supply channels is key to limiting dependence on dominant players and maintaining negotiation power in a concentrated market.
What factors affect the price of Paraffins?
Higher levels of purity typically lead to higher prices, as more consistent and pure products are required from premium industries like cosmetics and pharmaceuticals.
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