the global FT Wax (Fischer Tropsch Wax) Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 7.2% during the review period (2022 to 2027).
FT Wax (Fischer Tropsch Wax) Market Overview
FT Wax (Fischer Tropsch Wax) refers to a synthetically produced chemical via polymerization of carbon monoxide under high pressure. These compounds are generally extracted by the distillation process coupled with fuel products with melting points that range between 45°C and 106°C. The product is utilized in numerous applications such as coatings, personal care products, candles, and packaging, among others. The rise in government spending on the construction of roads and airports across the globe acts as one of the major factors driving the growth of the FT Wax (Fischer Tropsch Wax) market. The increase in the demand for the product in plastics, tires, printing ink, paint, and coatings, and polish among other sanitation goods applications owning to the factors such as low viscosity, high softening point, and high melting point, and crude oil supply & demand gap accelerate the market growth. The rise in gas to liquids fuel production and synthetic properties of Fischer-Tropsch (FT) derived products being varied in accordance with the production process due to which it can be utilized for various applications further influence the market.
Industry News
Sasol sells wax subsidiary in Germany to AWAX s.p.a.
March 8, 2022-- Sasol, a South African energy and chemical company, has sold its German subsidiary Sasol Wax GmbH to AWAX s.p.a., an international group specialising in the development, production, and distribution of wax products. Beginning March 1, 2022, Sasol Wax GmbH will be known as Hywax GmbH.
What are the major Applications, Types and Regions for FT Wax (Fischer Tropsch Wax) Market?
FT Wax (Fischer Tropsch Wax) Market is segmented based on the type, applications, companies and regions.
By Type, FT Wax (Fischer Tropsch Wax) Market has been segmented into
- C35-C80 Type
- C80-C100 Type
- C100+ Type
The end user’s industry application on FT Wax (Fischer Tropsch Wax) Market is,
- Adhesive Industry
- Ink
- Coating
- Polymer Processing
- Textiles
- Polishes
- Others
FT Wax (Fischer Tropsch Wax) Market Regional Analysis:
North America dominates the fischer-tropsch wax market due to the increasing crude oil prices and the rising importance of trade within the region. Asia-Pacific is expected to be the fastest growing market during the forecast period of 2022 to 2027 because of the increase in reconstruction activities in the region.Positive application outlook of FT removed fuels across processing industry coupled with declining production of waxes derived from petroleum and mineral source will further support the FT wax market expansion across this region. Resin production in North America is anticipated to raise at over 6.5% CAGR through 2027. This will further fuel the market progress across this region owing to application of FT compounds in formulating adhesive resins.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our FT Wax (Fischer Tropsch Wax) Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 7.2% during the review period (2022 to 2027).
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By Type
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- C35-C80 Type
- C80-C100 Type
- C100+ Type
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By Application
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- Adhesive Industry
- Ink
- Coating
- Polymer Processing
- Textiles
- Polishes
- Others
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By Companies
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Sasol Limited (NYSE:SSL), Shell plc (NYSE:SHEL), Nippon Seiro Co., Ltd(Tokyo:5010.T), Nanyang Saier and others.
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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90
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this FT Wax (Fischer Tropsch Wax) Report
- Evaluate FT Wax (Fischer Tropsch Wax) market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the FT Wax (Fischer Tropsch Wax) market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The FT Wax (Fischer Tropsch Wax) Market is studied from 2017 - 2027.
What is the growth rate of FT Wax (Fischer Tropsch Wax) Market?
The FT Wax (Fischer Tropsch Wax) Market is growing at a CAGR of 7.2% over the next 5 years.
What regions regions does this FT Wax (Fischer Tropsch Wax) Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
