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FT Wax Market size to see 7.6% CAGR over 2020-2025: Sasol, Shell, DEUREX AG, Evonik Industries AG

05-19-2020 07:02 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: DecResearch.com

FT Wax Market

FT Wax Market

The FT Wax Market research study provides a detailed survey of the vital players - this is based on the financial highlights, company outline, SWOT Analysis, Product Portfolio, as well as major strategies and the expansion plans of industry contenders. This report is also anticipated to reflect consistent growth in years to come, since consumers are now being rather aware of product quality. This market analysis of an industry is a crucial factor that numerous stakeholders such as investors, traders, CEOs, suppliers, and more, need to be aware of.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/1818

Increasing production of coal and natural gas derived products over conventional petroleum will support the FT wax market growth. Favorable policies and implementation of advanced processing technologies in U.S., China and Germany utilizing coal reserves for producing FT wax fueling industry development. Factors such as abundant feedstock availability, higher carbon and thermal efficiency of the product will further support the market growth as low carbon footprint is becoming part of business zeitgeist.

The competitive analysis comprising numerous market players is a rather noteworthy feature of the FT wax market report, as it provides details about the direct and indirect competitors in the market. The report also provides the company profile of these market players inclusive of certain specifications, technologies, and their future development plans.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Sasol
2. Shell
3. DEUREX AG
4. Evonik Industries A
5. Nippon Seiro Co., Ltd
6. Nanyang Saier
7. KPL International Ltd
8. King Honor International
9. Brenntag
10. Yi Mei New Material Tech Co., Ltd.
11. TER HELL & Co. GmbH
12. Michelman
13. Industrial Raw Materials LLC
14. Globalwax LLC

Strong demand as an additive in various applications, such as in inks, paints and coatings, plastics, hot melt adhesives (HMAs), fruit coating, emulsions for preventing metal corrosion and polishes likely to augment product sales. These waxes reduce the viscosity of a hot melt adhesive, impart gloss to a fruit coating emulsion or ink. Increasing demand for lubricants during the manufacture of PVC pipes or lend desirable buffability, gloss and hardness properties to a solvent or emulsion paste polish supporting production penetration rate.

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Also, the strengths and weakness profiles of the competitive firms have been provided, so that the efficiency and the overall productivity of these companies will depict a rise. The FT wax market report segmentation also aims to identify the high yield segments of the industry. The market is divided with respect to the product type, end-use, and regional reach. Also, the report compares the growth rate and production value of the FT wax market spanning different geographies.

Resin, plastic and synthetic rubber application is expected to hold dominating share in the FT wax market. Factors such as enhanced heat resistance and low viscosity will propel product demand for sewing, mechanical fastening and thermal bonding applications. Industry participants are expected to invest in new technologies to reduce the carbon footprint and launch new tailor-made blends to gain competitive edge in the market.

North America is displaying a robust growth in the FT wax industry owing to the rapid growth of automobile and resin processing sectors along with a rise in research and development activities. The U.S. is among the major contributors to the industry growth due to increasing crude oil demand & supply gap and favorable government policies formulated for facilitating production of synthetic waxes in the country. With rising involvement & direction from government authorities and mounting demand for ecofriendly products, it is expected that the product will continue to experience substantial growth in the North America region.

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Main Features of the Global Market Research Report:

The report delivers the market valuation as well as the projected growth rate of the market spanning all years till 2025.

-The report also describes the major drivers of the market by considering as well as taking calculated risks, in tandem with identifying and testing new strategies.

-The research report endorses a detailed industry chain analysis. Also, it covers the production process of market, upstream raw material supplier information, raw material costs, labor costs, manufacturing costs, marketing channels, as well as the downstream buyers of the market.

-The report provides detailed knowledge about the competitive scenario of the global market, and also discusses the numerous marketing strategies adopted by companies to stay ahead in the competition.

-The report analyses the various market segments and also provides their contribution to the development of the global industry.

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Contact Us

Arun Hegde
Corporate Sales, USA
Decresearch
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

About Us

Decresearch, headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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