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Fischer-Tropsch Waxes - Market: Size, Share, Growth, Analysis, Key Players, Revenue, | Valuates Reports
Fischer-Tropsch Waxes - MarketThis report studies the FT Wax market, Fischer-Tropsch (FT) wax is a synthetic wax produced by the polymerization of carbon monoxide under high pressure.
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The Fischer-Tropsch process is a collection of chemical reactions that converts a mixture of carbon monoxide and hydrogen into liquid hydrocarbons. FT processes for FT Wax can be differentiated according to their feedstock for synthesis gas production:
• Natural Gas - GTL, Gas to Liquid
• Coal - CTL, Coal to Liquid
The global market for Fischer-Tropsch Waxes was estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2024-2030.
Currently, there are many producing companies in the world. The main market players are Sasol, Shell, Lu'an Group, and Nippon Seiro Co., Ltd, with about 49% market shares.
North America is the largest consumption area of FT Wax, with a consumption market share nearly 32%. The second place is Asia-Pacific with the consumption market share over 29%. China is another important consumption market of FT Wax.
FT Wax is used in many areas including Adhesive Industry, Ink, Coating, Polymer Processing, Textiles, Polishes and Others. Report data showed that 33% of the FT Wax market demand in Adhesive Industry, 11% in Ink, and 11% in Coating.
There are three kinds of FT Wax including C35-C80 Type, C80-C100 Type and C100+ Type. C80-C100 Type FT Wax is an important FT Wax, with a consumption market share nearly 46%.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Fischer-Tropsch Waxes, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Fischer-Tropsch Waxes by region & country, by Type, and by Application.
The Fischer-Tropsch Waxes market size, estimations, and forecasts are provided in terms of sales volume (MT) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Fischer-Tropsch Waxes.
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Segment by Type:
• High-melt FT Waxes
• Medium-melt FT Waxes
Segment by Application
• Performance Additives
• Printing Inks and Coatings
• Polymer Processing and Polishes
• Textiles.
• Construction
• Waterproofing
By Company
Evonik, Deurex AG, Eastman, BASF, Clariant, Sasol Performance Chemicals, Yimeiwax
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