Selbyville, Delaware, Oct. 09, 2019 (GLOBE NEWSWIRE) --
The FT wax market should witness significant growth from 2019 to 2025 as the product derived from synthesis gas have enhanced performance properties including low viscosity, high degree of linearity, crystallinity and thermal stability.
Strong demand as an additive in printing inks, paints, varnishes and coatings formulation due to better functionality under high temperature supporting product sales. The gas to liquids (GTL) technology incorporated in the production process uses carbon monoxide and hydrocarbons as sustainable feedstock along with natural gas to produce syngas.
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Extensive product usage for polymer processing and asphalt manufacturing will offer myriad opportunities to FT wax market participants. As per industry trends, the global polymers and plastics market was estimated at around USD 600 billion in 2017. However, with increasing regulatory pressure manufacturers are expected to adopt advanced materials with superior properties and low environmental impact.
Factors such as liner structure and low viscosity will support the product demand across polymer processing industry. Also, paradigm shift for using materials having environmental properties characterized by inherent biodegradability and non-cumulative effects will further support the market advancement.
Key benefits including minimal VOC emissions, superior gloss retention, durability, scratch resistance, and high-quality finish are among the major factors driving the FT wax market application scope across paint industry.
Micronisation technology used in the production process offers sharp particle size distribution thus enabling formulation of paints with enhanced consistency. When used for coatings application the creasing effect of water marks and stripes can be obtained when used in the fine powder form. Adding powder coating resin can reduce energy consumption & screw torque, lubricate the extrusion process, and can improve the overall production efficiency.
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Europe FT wax market is expected to hold notable share of above 25% by 2025 owing to strong demand for low cost and environmentally friendly additives for cosmetics, coatings, candles, building material, chlorinated paraffin, chewing gum, crayon, food, ink and polishes.
The market growth in the region is attributed to factors such as high petroleum prices, low production efficiency from mineral derived sources along with declining production by refineries and blenders. Also, because of growing pressure from regulatory bodies regarding pollution concerns, GTL technology is anticipated to expand which will further the product sales for coming years.
The companies operating in the FT wax market are focusing on increasing production capacity to gain significant market share. As the demand for gas derived product increases, the competitive landscape is expected to become more intense with key vendors focusing more on technology development and pricing strategies to stay ahead of competition. Some key players include DEUREX AG, Nippon Seiro Co., Ltd, Shell, Sasol, Evonik Industries, etc.
Browse key industry insights spread across 250 pages with 148 market data tables and 9 figures & charts from the report, “FT Wax Market By Application (Paint and Coating, Resin, Plastics and Synthetic Rubber, Tire, Polish and Other Sanitation Goods, Corrugated and Solid Fiber Boxes, Printing Ink), Regional Outlook, Competitive Market Share & Forecast 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/ft-wax-market
Table of Contents (ToC) of the report:
Chapter 3 FT Wax Market Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014-2025
3.3. Industry ecosystem analysis
3.3.1. Raw material suppliers
3.3.2 Manufacturers
3.3.3 Distribution channel analysis
3.3.4 Profit margin trends
3.3.5. Vendor matrix
3.4. Technology landscape
3.5. Raw material trends
3.6. Regulatory landscape, by region
3.6.1. U.S.
3.6.2 Europe
3.6.3 China
3.6.4 South Africa
3.7. Pricing analysis, 2014-2025
3.7.1. Regional pricing
3.7.1.1 North America
3.7.1.2 Europe
3.7.1.3 Asia Pacific
3.7.1.4 Latin America
3.7.1.5 MEA
3.7.2. Cost structure analysis, 2018
3.8. Industry impact forces
3.8.1. Growth drivers
3.8.2. Industry pitfalls & challenges
3.9 Growth potential analysis, 2018
3.10. Competitive landscape, 2018
3.10.1. Company market share analysis, 2018
3.10.2. Top players overview
3.10.3. Key stake holders
3.10.4. Strategy dashboard
3.11 Porter's analysis
3.12 PESTEL analysis
Browse Complete Table of Contents (ToC) @
https://www.gminsights.com/toc/detail/ft-wax-market
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