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Global FT (Fischer Tropsch) Wax Industry Market Dynamics & Strategic Insights 2021-2030

Published : Feb 2021

Report ID: FMO8289

Pages : 209

Format :

FT (Fischer-Tropsch) wax is a synthetically produced chemical by the polymerization of carbon monoxide under high pressure. These compounds are extracted out by distillation process along with fuel products with melting points ranging between 45°C and 106°C. They are used in a variety of applications including candles, coatings, packaging, and personal care products. Factors such as low viscosity, high softening point, and high melting point support FT wax market demand across paint and coatings, plastics, tire, polish, printing ink, and other sanitation goods application.


Global FT (Fischer Tropsch) Wax Market іѕ ѕеgmеntеd on the bаѕіѕ оf Application (Paint and coating, Resin, plastics, and synthetic rubber, Tire, Polish and other sanitation goods, Corrugated and solid fiber boxes, Printing ink, and Others (Candles)) and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).


The Global FT (Fischer Tropsch) Wax Market wаѕ vаluеd аt UЅD 920.3 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 7.6% frоm 2021 tо 2030.


The report on Global FT (Fischer Tropsch) Wax Market which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the Global FT (Fischer Tropsch) Wax Market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global FT (Fischer Tropsch) Wax Market, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global FT (Fischer Tropsch) Wax Market from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global FT (Fischer Tropsch) Wax Market.


Market Dynamics:


 


Increasing demand for synthetic rubber from the automotive industry for a car tire and other sectors including footwear, foam, etc. is a factor expected to fuel the growth of the global market during the forecast period. Changing consumer preference for enhanced aesthetic appearance and attractive textures will propel product adoption rate across paints & coatings is a factor expected to drive the growth of the global market. Increasing demand for fischer tropsch, due to enhanced UV protection, low cost, easy to use, and color retention capabilities are among the major factors driving fischer tropsch wax market revenue. The rapid expansion of the paints & coatings industry with growing construction and automotive production will create a positive business outlook for manufacturers. Increasing application of Fischer-Tropsch wax for improving the functionality of processing agents for modified plastic products will support the FT wax market development for coming years.


However, fluctuations in prices of raw materials, such as crude oil, is projected to hamper the global Fischer–Tropsch wax market during the forecast period.


Segmental Analysis:


 


Among the application segments, the adhesive segment is projected to register significant revenue in the global market, owing to it used for making hot-melt formulation of metallocene polyolefin and ethyl-vinyl acetate-based, the resulting formulation is used for packaging of frozen food.  The personal care & pharmaceutical segment is expected to moderate growth in the global market, due to it extensively employed as a processing aid, such as a softener, in several lotions and creams. Also, waxes act as a base for personnel care products such as creams, lipsticks, rouge, and eye cosmetics.


Regional Analysis:


North America market is expected to account for major revenue share and is expected to register faster growth in terms of revenue in the global market, due to rising construction activities and focused on building better infrastructure and road facilities in the region. This, in turn, is likely to boost the demand for Fischer-Tropsch wax in the Asia Pacific during the forecast period. Further, the downward trend in blender and refinery production from the US, along with the increasing importance of trade, has propelled the demand for synthetically derived fuels. The Asia Pacific market is expected to accounts for the significant revenue share in the global market, due to the rising population and demand for housing facilities in the region. Also, increasing reconstruction activities is likely to act as a driving factor for the Fischer-Tropsch wax in the region.


Global FT (Fischer Tropsch) Wax Market Segmentation:


 


Segmentation by Application:



  • Paint and coating

  • Resin, plastics, and synthetic rubber

  • Tire

  • Polish and other sanitation goods

  • Corrugated and solid fiber boxes

  • Printing ink

  • Adhesives

  • Asphalt additives

  • Construction boards & wood

  • Polymer additives

  • Textile

  • Personal care & pharmaceutical

  • Others (Candles)


Segmentation by region:


North America


Europe


Asia Pacific


Latin America


Middle East & Africa


 


Key Players:


 


Sasol, Shell


DEUREX AG


Evonik Industries AG


Nippon Seiro Co., Ltd


Nanyang Saier


KPL International Ltd


King Honor International


Brenntag


Yi Mei New Material Tech Co., Ltd.


TER HELL & Co. GmbH


Michelman


Industrial Raw Materials LLC


Globalwax LLC

Scope:

Report Data Market
Forecast 2022 XX million/billion (2022-2032)
CAGR 2022 - 2032%
Analysis Period2022 - 2032
Base Year2021
Forecast Data2022 - 2032
Segments CoveredBy Type, By Application, And by Regions
Regional ScopeNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled.
Key Segments

By Type

By Applications

Report CoverageMarket Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Frequently Asked Questions

What is the future market value of the ?

The current market value for is expected USD XX million/billion by 2022.

What is the CAGR of the Market?

The is to grow at a CAGR of 5.3% during the forecast by 2032.

What is the Market segment?

On the basis of type, the is segmented into Types.

Who are the key players operating in the ?

The major players operating in the are Company.

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Published Date : Feb 2021 | Formats :

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