Candle Market Overview :

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

Candle Market :was valued at US$ 7.73 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 8.2% through 2022 to 2029, reaching nearly US$ 14.53 Bn.

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Segmentation :

Based on the Raw Material, This is due to its ability to mould into many shapes and inexpensive cost. It's a water-resistant petroleum by-product that's commonly used to make floating candles. Furthermore, the semi-translucent and colourless properties allow for the addition of colours, giving it a decorative appearance. These are the key factor that drives the growth of the paraffin wax segment in the global market during the forecast period.

Key Players:

• Vollmar GMBH
• Baltic Candles Ltd
• Bolsius International BV
• Delsbo Candle AB
• Diana Lys A/S
• Duni AB
• Erich Kopschitz GmbH
• Hansa Candle AS
• Bekro Chemie GMBH
• KORONA Candles S.A.
• Suomen Kerta Oy

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Primary and secondary research are used to locate industry giants, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth consultation with various opinion leaders and industry professionals such as experienced front-line employees, CEOs, and marketing professionals. Secondary research included a summary of the renowned manufacturers’ annual and financial reports. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data. The following are a few companies working in the Candle industry.

Regional Analysis:

The Candle study delves into the geographic analysis, which is further subdivided into sub-regions and nations. This portion of the research includes profit estimates as well as market share data for each nation. This section of the research goes through each region’s and country’s share and growth rate during the projected time period.

After examining political, economic, social, and technological aspects impacting the Candle market in various areas, the research delivers a definitive PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America.

Key Questions Answered in the Candle Market Report are:

What is the market potential for Candle ?
Which regional market will emerge as a leader in the next years?
Which application category will see rapid growth?
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