Europe Fischer-Tropsch Wax Market is Slated to Clock at a CAGR of 4.4% from 2022 to 2031

Europe Fischer-Tropsch Wax Market Outlook 2031

The Europe Fischer-Tropsch wax market was valued at US$ 29.6 Mn in 2021
It is slated to clock at a CAGR of 4.4% from 2022 to 2031
The Europe Fischer-Tropsch wax market is expected to reach US$ 45.7 Mn by the end of2031

Read Report Overview -https://www.transparencymarketresearch.com/europe-fischer-tropsch-wax-market.html

Overview of Europe Fischer-Tropsch Wax Market
Fischer-Tropsch wax (FT Wax) is a synthetic wax that is produced from natural gas and air using the Fischer-Tropsch process. It consists primarily of unbranched chains and has a linear structure, which results in low viscosity. Fischer-Tropsch wax exhibits an increased hardness and high-temperature resistance compared to other waxes. It is rich in saturated straight-chain hydrocarbons, which allows for a narrower carbon number distribution, lower oil content, higher melting point, and greater hardness. Fischer-Tropsch hard wax is synthetically produced by using the gas-to-liquids (GTL) technology. Fischer-Tropsch medium wax is widely used in a range of applications such as household & consumer goods and industrial products.

Fischer-Tropsch wax is a pure hydrocarbon wax, ranging from medium to very hard in terms of type. It is commonly used in inks, coatings, plastics, lubricants, adhesives, and personal care products. It is also used in rubber extrusion to improve the extrusion and processing properties of rubber. Unlike naturally occurring paraffin wax in crude oil, white synthetic paraffin wax is synthesized using molecules of carbon and hydrogen, giving it excellent specific properties and accuracy. White synthetic paraffin wax is widely used as an effective external lubricant for extrusion and molding in rigid PVC applications. It is compatible with lead, tin, and mixed metal stabilizer base systems.

Get PDF sample for Industrial Insights and business Intelligence -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=84793

Players operating in the global Fischer-Tropsch wax market are boosting their output capabilities in FT wax, owing to its superior properties such as the hydrophobic nature of wax, specifically for inks and coatings & plastic applications.

Fischer-Tropsch wax is used in paints to change the rheology properties of films. Paint stripper formulas can benefit from the use of Fischer-Tropsch wax, which prevents solvents from volatilizing. Furthermore, the introduction of favorable environmental regulations is expected to boost the Fischer-Tropsch wax market in Europe in the next few years.

To gauge the scope of customization in our reports Ask for a Sample

Excellent Abrasion & Scratch Resistance Properties of Fischer-Tropsch Wax to Increase Use in Inks and Coatings
In terms of revenue, the inks and coatings segment accounted for a 30.7% share of the Europe Fischer-Tropsch wax market in 2021. The segment is expected to grow substantially during the forecast period. Fischer-Tropsch wax is used in coatings (powder coatings, can coatings, industrial coatings, and wood coatings) and printing inks due to its high melting point & excellent abrasion & scratch resistance. Furthermore, it improves chemical and weather resistance.

Request Customization -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=84793

Wax is used as an additive in printing inks, primarily to improve the resistance of the ink film. Fischer-Tropsch wax is used in printing inks and varnishes to improve abrasion resistance, matting, and scratch resistance.

Fischer-Tropsch wax is combined with particulate powder in inks in order to improve the wear and wrinkle resistance of applied materials. The wrinkling effect is achieved when Fischer-Tropsch wax is applied to coatings, and the wrinkling effect of stripes and watermarks is formed when the wax is used in fine powder form. Adding powder coating resins can also lubricate the extrusion process, reduce screw torque and energy consumption, and improve production efficiency.

Thus, an increase in demand for Fischer-Tropsch wax in various inks and coatings is likely to propel the Fischer-Tropsch wax market in Europe during the forecast period.

Rise in Demand for PVC Products to Offer Lucrative Opportunities to Europe Fischer-Tropsch Wax Market Players
Fischer-Tropsch wax is used in plastic processing such as injection molding, extrusion, and pelletizing. When used in color and the production of modified plastics, Fischer-Tropsch wax aids filler dispersion and improves mixture smoothness. It is also used in the production of masterbatches and modified plastics to help disperse fillers and provide excellent slip in the mixing process.

Make an Enquiry before Buying -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=84793

PVC is externally lubricated with Fischer-Tropsch wax. Products with low viscosity can be manufactured more quickly by using Fischer-Tropsch wax. Fischer-Tropsch wax helps in the dispersion of fillers during mixing, especially in the extrusion of high viscosity systems. It costs 40% to 50% less than regular polyethylene wax and can significantly improve product surface gloss.

Fischer-Tropsch wax is PVC-compatible and can be used as an internal or external lubricant. It can be employed as an effective internal lubricant to control shear conditions, promote flow, and control friction and melt properties. Thus, it improves thermal stability. Simultaneously, Fischer-Tropsch wax provides strong physical and processing properties to PVC products due to its high crystallinity and linearity structure.

Thus, a rise in the demand for PVC components in various countries is likely to propel the Fischer-Tropsch wax market during the forecast period.

State Tower, 90 State Street, Suite 700, Albany NY - 12207, United StatesAbout Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants.

The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website:https://www.transparencymarketresearch.com

This release was published on openPR.