Global Fischer-Tropsch (FT) Waxes Market Growth 2023-2029

Global Fischer-Tropsch (FT) Waxes Market Growth 2023-2029

Product Code:547522

Published Date: Jan 02,2023

Pages: 101

Region: Global

Category: Chemical & Material

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This report studies the FT Wax market, Fischer-Tropsch (FT) wax is a synthetic wax produced by the polymerization of carbon monoxide under high pressure.

The Fischer–Tropsch process is a collection of chemical reactions that converts a mixture of carbon monoxide and hydrogen into liquid hydrocarbons. FT processes for FT Wax can be differentiated according to their feedstock for synthesis gas production:
• Natural Gas – GTL, Gas to Liquid
• Coal – CTL, Coal to Liquid
LPI (LP Information)' newest research report, the “Fischer-Tropsch (FT) Waxes Industry Forecast” looks at past sales and reviews total world Fischer-Tropsch (FT) Waxes sales in 2022, providing a comprehensive analysis by region and market sector of projected Fischer-Tropsch (FT) Waxes sales for 2023 through 2029. With Fischer-Tropsch (FT) Waxes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Fischer-Tropsch (FT) Waxes industry.

This Insight Report provides a comprehensive analysis of the global Fischer-Tropsch (FT) Waxes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Fischer-Tropsch (FT) Waxes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Fischer-Tropsch (FT) Waxes market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Fischer-Tropsch (FT) Waxes and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Fischer-Tropsch (FT) Waxes.

The global Fischer-Tropsch (FT) Waxes market size is projected to grow from US$ 982.2 million in 2022 to US$ 1269.5 million in 2029; it is expected to grow at a CAGR of 1269.5 from 2023 to 2029.

Currently, there are many producing companies in the world. The main market players are Sasol, Shell, Lu'an Group, and Nippon Seiro Co., Ltd, with about 49% market shares.

North America is the largest consumption area of FT Wax, with a consumption market share nearly 32%. The second place is Asia-Pacific with the consumption market share over 29%. China is another important consumption market of FT Wax.

FT Wax is used in many areas including Adhesive Industry, Ink, Coating, Polymer Processing, Textiles, Polishes and Others. Report data showed that 33% of the FT Wax market demand in Adhesive Industry, 11% in Ink, and 11% in Coating. 
There are three kinds of FT Wax including C35-C80 Type, C80-C100 Type and C100+ Type. C80-C100 Type FT Wax is an important FT Wax, with a consumption market share nearly 46%.

This report presents a comprehensive overview, market shares, and growth opportunities of Fischer-Tropsch (FT) Waxes market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Crude FT-Waxes
    Modified FT-Waxes

Segmentation by application
    Plastics
    Textiles
    Coating
    Adhesives & Lubricants
    Other

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Sasol
    Evonik
    Shell
    Eastman
    Michelman
    Nippon
    Aimei Chem
    Deurex
    Westlake Chemical
    Nanyang Saier
    Zibo Texiang Zaoli
    Faer
    TER Chemicals

Key Questions Addressed in this Report
What is the 10-year outlook for the global Fischer-Tropsch (FT) Waxes market?
What factors are driving Fischer-Tropsch (FT) Waxes market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Fischer-Tropsch (FT) Waxes market opportunities vary by end market size?
How does Fischer-Tropsch (FT) Waxes break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?