FT Wax Market to grow at over 7.6% CAGR between 2020 and 2025 | Shell Ltd, Nippon Seiro Co., Ltd, Nanyang Saier, Sasol Limited, DEUREX AG, Evonik Industries
Request a sample of this research report @
The production process has been incorporated with the gas to liquid (GTL) technology and uses hydrocarbons and carbon monoxide as sustainable feedstock coupled with the natural gas in order to produce syngas. The product is essentially derived from synthesis gas that enhances its performance features such as high degree of linearity, thermal stability, crystallinity and low viscosity, fostering FT wax market trends over the forecast timeframe.
Shell Ltd, Nippon Seiro Co., Ltd, Nanyang Saier, Sasol Limited, DEUREX AG, Liaoning Fushun TongYi Special Paraffin Wax Products Co., Ltd, and Evonik Industries
Listed below are some of the main factors driving FT wax market forecast in the next few years:
1) Increased consumption of polymers
The product is being widely used in the manufacturing of asphalt and polymer processing which will help the industry players to explore an array of opportunities. Major properties like low viscosity and liner structure of the product will encourage its demand in the polymer processing industry. Moreover, there is a major inclination towards using materials that are environment-friendly with non-cumulative effects and inherent biodegradability which in turn will drive FT wax market outlook.
According to the trends in the industry, both plastic and global polymer markets were recorded at nearly USD 600 billion in the year 2017. Rise in the regulatory pressure has induced the manufacturers to opt for advanced materials with low environmental impact and better performance.
2) Widening application scope in paints
Major factors that have helped fuel the application scope in the paint industry are few important benefits of the product such as superior gloss retention, scratch resistance, VOC emissions, high-quality finish and durability. The micronisation technology that is used in the production process provides the distribution of sharp particle which helps keep the formulation of paint with improved consistency.
FT wax is used for coating applications and if used in the form of fine powder, it can obtain the creasing effect of stripes and watermark. The addition of powder coating resin is capable of lowering energy consumption as well as screw torque, lubricating the extrusion process and enhancing the total production efficiency.
3) Strict regulations by government bodies
FT wax industry share across the Europe region will depict a notable growth owing to factors like low production efficiency of mineral-based sources, high prices for petroleum as well as the reducing production in blenders and refineries. The GTL technology will experience further growth on account of surging pressure by the regulatory bodies pertaining to pollution issues which will boost the sales of the product.
Europe FT wax market size has been anticipated to account for over 25% of global share by 2025 due to the steadily rising demand for reduced cost and additives that are environmental-friendly, for coatings, building material, chewing gum, food, polishes, cosmetics, candles, chlorinated paraffin, crayon and ink.
Request for an in-depth table of contents for this report @
Key players comprising the industry’s competitive dynamics include Nippon Seiro Co., Sasol, DEUREX AG, Shell and Evonik Industries, among others. These companies have lain heavy emphasis on the production capacity to obtain a major amount of market share. With the growing demand for the gas derived products, the business will gain a faster momentum owing to key players focusing on pricing strategy and technology development.
Browse More News:
About Global Market Insights:
Global Market Insights, Inc., 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.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release FT Wax Market to grow at over 7.6% CAGR between 2020 and 2025 | Shell Ltd, Nippon Seiro Co., Ltd, Nanyang Saier, Sasol Limited, DEUREX AG, Evonik Industries here
News-ID: 2278335 • Views: 384
More Releases from Global Market Insights Inc.
Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Incl …
The agricultural adjuvants market is expected to observe noteworthy growth on account of increasing demand for high-quality crops. Adjuvants commonly act as an additive in pesticides that increase its effectiveness and smoothen its mixing application. The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - …
The U.S. minoxidil industry has been impacted by the COVID-19 pandemic in the form of increased stress amid job losses and health issues, creating rising incidences of hair fall and associated problems. The industry is expected to gain commendable proceeds on account of an upsurge in research studies concerned with the effectiveness of minoxidil. Citing one such instance, in January 2021, a study published in the Dermatologic Therapy supported the efficacy
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Tren …
Owing to these factors, estimates have revealed that the global sulfosuccinate market size will exceed USD 475.7 million in annual estimation by 2024. Increasing adoption of high-performance materials that meet application-specific requirements across various industries, including pharmaceuticals will stimulate the need for sulfosuccinate compounds. The surging disposable incomes of consumers mainly across the developing nations have also fueled their spending capacities on household and personal care. Sulfosuccinates are mainly a mild type
By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, an …
The global Graphene Market is slated to gain significant momentum over the forthcoming years, as a result of the growing product consumption in the electronics sector, particularly in developing countries. This high consumption can be attributed to its superior qualities such as high electrical conductivity, durability, and toughness. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/233 Top Key Players in The Market are: Graphenea S.A., Applied Graphene Materials plc, ACS
More Releases for Shell
Shell Mill Holders Market to Witness Robust Expansion by 2023
New report published by Market Research Report Store (MRRS) which offers insights on the global Shell Mill Holders market. Click to view the full report TOC, figure and tables: https://www.marketresearchreportstore.com/reports/212016/global-shell-mill-holders-market Global Shell Mill Holders Market: Forecast by Type / Application / Region According to this study, over the next five years the Shell Mill Holders market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million
Laptop Shell Market: Competitive Dynamics & Global Outlook 2025 - QY Research
Summary The global Laptop Shell market is valued at xx million US$ in 2017 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2018 and 2025. The Global Laptop Shell Market Research Report 2018 report released by QYResearch provides a basic overview of the Laptop Shellindustry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as
Global Neodecanoic Acid Market 2018 - Shell, JH Chemical, Mobil
"Eminent Market Reports, recently published a detailed market research study focused on the “Neodecanoic Acid Market” across the global, regional and country level. The report provides 360° analysis of “Neodecanoic Acid Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Neodecanoic Acid on
Global Intermediate Base Oil Market 2018 - BP, Pemex, Shell
Apex Market Reports, recently published a detailed market research study focused on the “Intermediate Base Oil Market” across the global, regional and country level. The report provides 360° analysis of “Intermediate Base Oil Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Intermediate
Global Building Asphalt Market - Shell Bitumen, Valero Energy, Royal Dutch Shell …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Building Asphalt market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in need
Ethoxylates Market 2017 - BASF S.E., Shell Chemicals (Subsidiary of Royal Dutch …
The Global Ethoxylates Market 2017 Industry Research Report focused on global and regional market, major manufacturers, as well as the current state of the Ethoxylates industry. First, "Global Ethoxylates Industry 2017" report analyzed the basic scope of this industry like definition, specification, classification, application, industry policy, news analysis and Ethoxylates industry chain structure. Major Companies Covered in this report:- BASF S.E., Shell Chemicals (Subsidiary of Royal Dutch Shell PLC), Huntsman International LLC,