Industry Trend On Global FT Wax Market Overview, Key Players and Growth Opportunities by 2028 | Shell Ltd, Nippon Seiro Co., Ltd, Nanyang Saier

FT wax market share will experience a significant growth owing to increasing demand for the product for its properties as an additive in paints, varnishes, coatings formulation and printing ink. The product is known to have much better functionality under higher temperature which encourages the demand and sale across a host of other applications.

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.

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Industry trend in printing ink
Trend for synthetic waxes in printing ink industry has augured well for stakeholders eyeing to expand their penetration in FT wax market. Waxes are increasingly supplied as micronized stir-in powders, oil dispersion for sheet fed and varnish compounds.
Of late, stakeholders have exhibited traction towards the production of a number of specialized wax grades in micronized, liquid, pelletized and flaked form for use in printing industry. With the innate ability of producing superlative products to keep up with the demand of ink makers in applications, including compound producers, wax grinders and dispersion, investment in FT was is poised to surge.
Investment in paints and coatings to present favorable business outlook
Stakeholders are infusion funds in paints and coatings application portfolio given that FT wax has tremendous abrasion and scratch resistance. Accordingly, automakers and construction companies have exhibited palpability for FT wax-based paints and coatings.
FT waxes are profoundly used for the similar applications as natural hard paraffin hard waxes. FT waxes have fulfilled the rigorous requirements of the candle industry pertaining to congealing point, hardness and oil content.
Potential revenue generating opportunities in North America
Some of the factors such as good thermal stability, low melt viscosities and high crystallinity have augured well for the popularity of FT wax. Wax producers are gearing to modernize their plants, with wax emulsions and wax-based additives prevalently used for boosting the final performance of inks and coatings by controlling surface properties. Besides, FT waxes are used in hot-melt adhesives and metallocene polyolefin copolymer formulations.

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Diverse applications of FT wax :
FT wax is widely used as an additive in numerous application verticals like paints and coatings, inks, hot melt adhesives (HMAs), plastics, emulsions for averting metal corrosion, polishes and fruit coating. These waxes impart gloss to ink or a fruit coating emulsion, and minimize the viscosity of hot melt adhesives.

They also offer desirable gloss, hardness, and buff ability to emulsion paste polishes or solvents. Proliferating demand for lubricants for the production of PVC pipes could boost the demand for FT wax.

The worldwide FT wax market size is anticipated to be pegged at USD 1.2 billion by 2025, as suggested by a Global Market Insights, Inc., research report.
Speaking on the application terms, FT wax market is expected to garner positive outlook across myriad industries like the construction, automotive, and packaging leading to the high climb in the industry trends.

Simultaneously, expansive product applications for polymer processing and asphalt manufacturing are estimated to establish new avenues for the industry contenders. According to the industry analysts, polymers and plastics market in 2017 valued nearly USD 600 billion in terms of revenue.
Escalating demands for FT wax from polymer processing industry owing to its liner structure and less viscosity would foster the market growth in the upcoming years. In addition to that, growing inclinations towards using environment friendly materials are also likely to expedite the business dynamics.

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.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: sales@gminsights.com

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