Press release
What's driving the FT wax market trends? | Key players are Sasol, Shell, DEUREX AG, Evonik, Nippon, Michelman, Globalwax
FT Wax Market
FT wax market is gaining immense traction and demand from the plastic, synthetic rubber, and resin applications. Aspects like low viscosity and improved heat resistance could boost product adoption in mechanical fastening, thermal bonding, and sewing purposes.
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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.
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.
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.
Major key players in the market are Sasol, Shell, DEUREX AG, Evonik Industries AG, Nippon Seiro Co., Ltd, Nanyang Saier, KPL International Ltd, King Honor International, Brenntag, Yi Mei New Material Tech Co., Ltd., TER HELL & Co. GmbH, Michelman, Industrial Raw Materials LLC, and Globalwax LLC.
Browse More News:
https://www.globenewswire.com/news-release/2020/03/24/2005379/0/en/Pretreatment-coatings-market-slated-to-surpass-15-5-billion-by-2026-Says-Global-Market-Insights-Inc.html
https://www.globenewswire.com/news-release/2020/04/15/2016912/0/en/Antimicrobial-Coatings-Market-is-slated-to-surpass-6-3-billion-by-2026-Says-Global-Market-Insights-Inc.html
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