FT Wax Market Size, Industry Analysis Report, Regional Outlook Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Growth in personal care industry is anticipated to drive the FT wax market. The industry is expecting growth of over 3% in the forecast time frame. It is used in lotions and creams and added in cosmetic item for moisturizing and nourishment. Demand for personal care products are driven by both the genders. It was estimated that over 40% of saloon business is driven by men.

Global wax demand will rise at over 1% annually, this will positively influence FT wax market. The merchandise is widely used in black liquor gasification, that is produced to burn in boilers to produce electricity. It is formed by coal gasification, that is further used in producing green diesel, kerosene, jet fuel and naphtha and also widely used to manufacturer candles.

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FT Wax Market size will gain prominence in the forecast time period. These synthetic materials are manufactured in a controlled environment using hydrogen and carbon monoxide as feedstock. Source of product is mineral that include insects, animals, plants and crude petroleum. It is widely consumed in inks, paper, packaging and personal care. It is solid at room temperature but behaves as a free-flowing liquid at little high temperature.

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Challenges faced by FT wax market includes declining wax industry. Demand for the merchandise will face a slowdown owing to decline in petroleum industry. The commodity is mainly used in producing petroleum products such as lubricants, gasoline, green diesel and kerosene. Other factors affecting goods demand is shortage of its supply. Growing supply of synthetic and natural resources is not adequate to meet increasing commodity demand.

FT wax market is segmented based on form that includes granules, massive and powder. The product processes are of two types hard and medium. Product is consumed in various industries such as petroleum, personal care, plastic and coating. It is used for various application including lubricants, ink, moisturizer, and adhesive. It is extensively consumed in petroleum products such as naphtha, kerosene, jet fuel, diesel, detergents, steam and electricity.

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North America followed by US is major region in FT wax market. Growth in global industry is driving demand in this region. The good is used in various application in the region including building material, candles, coating, chlorinated paraffin, cosmetic, chewing gum, crayon, food, ink and polishes. Increasing usage of these application will subsequently raise commodity demand in the country.

Reasons to Buy This Report:
1. FT Wax Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. FT Wax Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles

MEA will witness a noticeable growth in the forecast time frame. It is world’s fastest growing region owing to the product usage in moisturizers and lotions. Upsurge in cosmetic industry in the country will accelerate FT wax market during the forecast period.

The FT Wax Market Report Consists of:
1. Methodology and Scope
2. Executive Summary
3. FT Wax Industry Insights
4. Industry segmentation
5. Industry size, forecast and growth expectations, 2017 - 2024
6. Industry ecosystem analysis Raw material insights
7. Technology insights
8. Regulatory framework
9. Industry dynamics
10. Key growth opportunities
11. Porter's analysis
12. Company market share, 2017
13. PESTEL analysis
14. Regional price trends
15. FT Wax Product Insights
16. FT Wax Application Insights
17.FT Wax Regional Insights
18. Competitor Profiles

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Key manufacturers in FT wax market are Sasol, AFPM, Faer, Zibo Texiang Zoali, Westlake Chemicals, Nippon, Shell, Michelman and IRM. Sasol increases its hard and medium material capacity at the site. The company serves various application that includes construction, packaging, personal care, paper and tyre industry. Growing demand in the various industries has led to expansion of company’s production facility.

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