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As the world reaches the end of the oil era and transitions into bio-fuels and other sources of energy there is less investment in the refineries that manufacture paraffin wax. As a result, paraffin is in short supply and prices for this wax are rising.
Soy Wax is Made from Vegetable Oil and Plants
Most of the candles available on the market today are made from vegetable oils, such as soy wax. These waxes are a renewable, sustainable resource that is non-toxic and emits insignificant amounts of soot. These oils are also better for the environment than classic paraffin wax, which is made from petroleum and is non-renewable.
Soy Wax Burns Longer and Cleaner than Paraffin
Soy wax burns cleaner than paraffin wax, as it releases less soot into the air. Moreover, it can last longer as well since the wick does not melt as fast as traditional paraffin wax. This means that your soy candles will be a longer-lasting candle and they will have a richer fragrance as well.
The Price of Soy Wax Is Still High
The soy wax price is currently quite high and it is expected to increase in the coming months. This is due to several factors, most notably the rising cost of crude oil which has pushed up prices for both soybeans and paraffin wax.
These price increases are a bit of a shock to the system and are unlikely to go away anytime soon. However, they aren't unsustainable, and we should see some stabilizing shortly.
This price increase is driven by the booming demand for soybeans and other agricultural products. As more and more people become interested in organic, eco-friendly options, there is an increased demand for these crops.
There is also a growing trend to make candles with natural ingredients, like soy wax. This trend is especially prevalent among people who practice a vegan lifestyle. This is because soy wax contains no animal products and does not require any chemicals to scent it.
In the United States, there are about 100 million people who are vegetarian or vegan, and it's estimated that if all of these people ate soy candles instead of paraffin wax they would save over 4 billion dollars each year!
Despite the popularity of soy wax, there are still a lot of questions surrounding it. For one thing, some soy wax blends contain paraffin, which releases toxins into the air when burned. Therefore, when choosing a soy wax blend be sure to look for 100% soy wax candles or ones that are made from soy and coconut waxes.
Another big issue is the GM soy that has been developed. This soy is often grown on monocultures, which have wiped out vast amounts of rain and soil quality, at the expense of our global water tables and other resources.
If you are a new candle maker, it is important to know the price of soy wax before you decide on how much you want to charge for your candles. The price you decide on will impact your profit margin and your ability to grow your business. It is crucial to price your candles based on the market you are targeting rather than a set of targets or margins that are not relevant to your business.
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