Fischer Tropsch (FT) wax is synthesized from H2 (hydrogen monohydride) and CO (carbon monoxide) by using the Fischer–Tropsch process. The process is a collection of chemical reactions that occur in the presence of metal catalysts at temperatures ranging from 150°C from 300°C (302°F–572°F). This process is an important reaction in both gas-to-liquids technology and coal liquefaction for producing liquid hydrocarbons. The feedstocks for FT wax are produced from biomass, coal, natural gas in a process known as gasification.
The FT wax is generally used in inks, coatings, plastics, lubricants, adhesives, and personal care products. It is also used in rubber extrusion to improve extrusion and processing properties of rubber. It also works as an internal lubricant to improve overall hardness and reduce the friction of the final product.
High-melt FT waxes offer a unique combination of low viscosity, high melting point, and hardness, even at elevated temperatures, which ensures high-grade performance in applications such as hot melt adhesives (HMA), bitumen modification, printing inks and coatings, polymer processing, polishes, and textiles. These products are often used in conjunction with paraffin wax and lowe-melting-point microcrystalline wax.
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Top Players in the Global Fischer Tropsch Wax Market:
- Sasol
- Shell
- Nippon Seiro Co., Ltd
- Nanyang Saier
The report further discusses how the Fischer Tropsch wax (FT wax) market is expected to expand during the forecast period in different segments. The report provides qualitative and quantitative analysis in terms of opportunity analysis, market dynamics, trend projection, and holistic evaluation of consumption, sales volume, revenue, and market growth.
FT wax may witness significant demand owing to low production efficiency from mineral- and petroleum-derived sources, declining output by refineries and blenders, and increasing fuel prices. Increasing production of natural-gas-derived products and coal than the conventional petroleum product is estimated to fuel the Fischer Tropsch wax market during the forecast period.
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Market segmentation based on Type Outlook:
- C80–C100 Type
- C35–C80 Type
- C100+ Type
Application Outlook:
- Adhesives
- Inks
- Coatings
- Polymer Processing
- Textiles
- Polishes
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Fischer Tropsch Wax market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global Fischer Tropsch Wax market?
- Which regional market is expected to lead in terms of revenue share in the global Fischer Tropsch Wax market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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