Global FT Wax Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast to 2025

Global FT Wax Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast to 2025

Highly channelized by the demand explosion for the product as an additive in paints, printing inks, coatings and various other purposes, the growth trajectory of FT wax market is forecast to exhibit remarkable ascent during 2019-2025. It is pivotal to note that the industry is gaining massive traction from the paints and coatings application in particular, due to minimal VOC emissions.

The product, derived from synthesis gas, possesses improved performance properties such as low viscosity, high degree of linearity, robust crystalline feature, and high thermal stability, which would propel its demand globally and stimulate the industry outlook over the forecast period.

Further, FT wax market trends are exclusively driven by the deployment of gas to liquid technology for the manufacturing process across industries. The technology makes use of carbon monoxide and hydrocarbons paired with natural gas to produce syngas.

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In the highly competitive business scenario of FT wax market, various industry biggies like Nippon Seiro Co., DUEREX AG, and others are looking forward to increasing their production capacities to enhance their revenue shares.

The worldwide FT wax market size is anticipated to be pegged at USD 1.2 billion by 2025, as suggested by a Global Market Insights, Inc., research report.

Speaking on the application terms, FT wax market is expected to garner positive outlook across myriad industries like the construction, automotive, and packaging leading to the high climb in the industry trends.

Simultaneously, expansive product applications for polymer processing and asphalt manufacturing are estimated to establish new avenues for the industry contenders. According to the industry analysts, polymers and plastics market in 2017 valued nearly USD 600 billion in terms of revenue.

Escalating demands for FT wax from polymer processing industry owing to its liner structure and less viscosity would foster the market growth in the upcoming years. In addition to that, growing inclinations towards using environment friendly materials are also likely to expedite the business dynamics.

Meanwhile, the paints industry is emerging as one of the most lucrative grounds for the global FT wax market. The primary factors fueling the segmental growth include regulated VOC emissions, high gloss retention, excess durability, robust scratch resistance, and high quality finish.

Paints industry make use of micronisation technology to produce sharp particle size distribution therefore enabling the formulation of paints with improved consistency. This in turn generates an upsurge in FT wax market share from the paints & coatings sector.

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Considering the regional landscape, Europe FT wax market is probable to amass considerable proceeds over the foreseeable time period. This can be aptly credited to the huge demands for reduced cost and environment friendly additives for innumerable applications across cosmetics, coatings, candles, and other industries.

Massively driven by the favorable factors such as high petrol prices, minimized production efficiency from mineral sources in tandem with declining production by refineries and blenders, the regional outlook is expected to produce tremendous opportunities for the major market players.

Moreover, stringent government regulations combined with low carbon footprint is predicted to enhance the product scope across the region, leading to the upscale in the global revenue share.

Apparently, Europe FT wax market size will witness an exponential growth over the stipulated timeframe, with an anticipated industry share of 25 per cent by 2025.

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