Global Fischer-Tropsch Wax Market is expected to reach USD 1713.43 Mn. by 2030, at a CAGR of 7.8% during the forecast period. The global Fischer-Tropsch Wax market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Fischer-Tropsch Wax report also provides trends by market segments, technology, and investment with a competitive landscape.Global Fischer-Tropsch Wax Market Overview:
Fischer-Tropsch wax is extracted out by a distillation process coupled with fuel products and is used in various applications like candles, coatings, packaging, and personal care products. Favorable properties of a product including low viscosity, high softening point and high melting point drive the product demand across the paint and coatings, plastics, tire, polish, printing ink, and other sanitation goods applications.To know about the Research Methodology :- Request Free Sample Report
Global Fischer-Tropsch Wax Market Dynamics:
Crude oil supply & demand gap coupled with increasing gas to liquids fuel production is a key factor contributing to the industry development. Synthetic properties of Fischer-Tropsch are varied by production process because of which it can be utilized in various applications. The Fischer-Tropsch technology process ranges in carbon efficiency between 25% to 50% and thermal efficiency of around 50%. The overall production efficiency of the process is about 80% which is considerably higher than petroleum and mineral-derived process. The ability of the product of low production cost or continuous supply compared to petroleum-derived hydrocarbons is expected to create lucrative opportunities for the major players. A shift in consumer preference for improved aesthetic appearance and attractive textures is drive the product consumption rate in paints and coatings. Various advantages of products including UV protection, low cost, easy to use, and color retention capabilities are driving the Fischer-Tropsch wax market growth in terms of revenue. Increasing construction and automotive production which is turned into growing paints & coatings industry was expected to propelling the Fischer-Tropsch wax market demand during the forecast period 2020-2026.Global Fischer-Tropsch Wax Market Segment Analysis:
By Type, the fischer-tropsch wax market is segmented into C35-C80 type, C80-C100 type, C100+ type. Based on the Application, the Fischer-Tropsch Wax Market is segmented into Paint & Coating, Tire, Resin, Plastics, And Synthetic Rubber, Polish and Other Sanitation Goods, Printing Ink, Corrugated and Solid Fiber Boxes and Others. The resin, plastic, and synthetic rubber application segment are held the largest market share of around 45% in 2019. This is because the high melting point of Fischer-Tropsch (FT) products are widely used to formulate adhesive resins. Adhesive resins are utilized for a variety of applications like paints, plastic processing, printing inks, hot melts, technical emulsions, heavy compounds & candle additives, polishes, and cosmetics. Favorable properties including improved heat resistance and low viscosity of resins derived from FT products are expected to offer opportunities to the major players. Furthermore, Fischer-Tropsch wax is also used in rubber extrusion to enhance the processing and extrusion properties of rubber. Rising demand for synthetic rubber from the automotive industry for a car tire and other sectors like footwear, foam, etc. is propelling the Fischer-Tropsch wax market size and is widely used for carrying out extrusion process in the synthetic rubber industry.Global Fischer-Tropsch Wax Market Regional Insights:
North America is dominating the Global Fischer-Tropsch Wax Market North America held the largest market share of around 36% in the Fischer-Tropsch wax market in 2023. According to a World Bank report, crude oil prices are 30% higher in 2023 compared to that of last year. A substantial decline in fuel supplies because of rising crude oil prices has prompted the demand for Fischer-Tropsch technology in North America. Additionally, the descendent trend in blender and refinery production from the U.S. coupled with the growing importance of trade has further driven the demand for synthetically derived fuels. Shortage in hard and medium compounds with high viscosity results in increased product demand from the processing industry for formulating inks, adhesives, and PVC lubrication. Positive application of Fischer-Tropsch extracted fuels in the processing industry along with decreasing production of waxes derived from petroleum and mineral source is expected to support the market growth in the region during the forecast period. The objective of the report is to present a comprehensive analysis of the Global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global market dynamics, structure by analyzing the market segments and project the Global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global market make the report investor’s guide.Global Fischer-Tropsch Wax Market Scope: Inquire before buying
Global Fischer-Tropsch Wax Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 1012.83 Mn. Forecast Period 2024 to 2030 CAGR: 7.8% Market Size in 2030: USD 1713.43 Mn. Segments Covered: by Type C35-C80 Type C80-C100 Type C100+ Type by Application Paint & Coating Resin, Plastics, And Synthetic Rubber Tire Polish And Other Sanitation Goods Corrugated And Solid Fiber Boxes Printing Ink Others Global Fischer-Tropsch Wax Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Global Fischer-Tropsch Wax Market Key Players
1. Shell Ltd 2. Nippon Seiro Co., Ltd 3. Nanyang Saier 4. Sasol Limited 5. DEUREX AG 6. Liaoning Fushun TongYi Special Paraffin Wax Products Co., Ltd 7. Evonik Industries 8. Globalwax LLC 9. Industrial Raw Materials LLC 10. Michelman 11. TER HELL & Co. GmbH 12. Yi Mei New Material Tech Co., Ltd. 13. Brenntag 14. King Honor International 15. KPL International Ltd 16. Others Frequently Asked Questions: 1. Which region has the largest share in Global Fischer-Tropsch Wax Market? Ans: North America region held the highest share in 2023. 2. What is the growth rate of Global Fischer-Tropsch Wax Market? Ans: The Global Fischer-Tropsch Wax Market is growing at a CAGR of 7.8% during forecasting period 2024-2030. 3. What is scope of the Global Fischer-Tropsch Wax Market report? Ans: Global Fischer-Tropsch Wax Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Fischer-Tropsch Wax Market? Ans: The important key players in the Global Fischer-Tropsch Wax Market are – Shell Ltd, Nippon Seiro Co., Ltd, Nanyang Saier, Sasol Limited, DEUREX AG, Liaoning Fushun TongYi Special Paraffin Wax Products Co., Ltd, Evonik Industries, Globalwax LLC, Industrial Raw Materials LLC, Michelman, TER HELL & Co. GmbH, Yi Mei New Material Tech Co., Ltd., Brenntag, King Honor International, KPL International Ltd, Others 5. What is the study period of this Market? Ans: The Global Fischer-Tropsch Wax Market is studied from 2023 to 2030.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Fischer-Tropsch Wax Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Fischer-Tropsch Wax Market 3.4. Geographical Snapshot of the Fischer-Tropsch Wax Market, By Manufacturer share 4. Global Fischer-Tropsch Wax Market Overview, 2023-2030 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Type 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Fischer-Tropsch Wax Market 5. Supply Side and Demand Side Indicators 6. Global Fischer-Tropsch Wax Market Analysis and Forecast, 2023-2030 6.1. Global Fischer-Tropsch Wax Market Size & Y-o-Y Growth Analysis. 7. Global Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 7.1.1. C35-C80 Type 7.1.2. C80-C100 Type 7.1.3. C100+ Type 7.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 7.2.1. Paint & Coating 7.2.2. Resin, Plastics, And Synthetic Rubber 7.2.3. Tire 7.2.4. Polish And Other Sanitation Goods 7.2.5. Corrugated And Solid Fiber Boxes 7.2.6. Printing Ink 7.2.7. Others 8. Global Fischer-Tropsch Wax Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 9.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 9.1.1. C35-C80 Type 9.1.2. C80-C100 Type 9.1.3. C100+ Type 9.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 9.2.1. Paint & Coating 9.2.2. Resin, Plastics, And Synthetic Rubber 9.2.3. Tire 9.2.4. Polish And Other Sanitation Goods 9.2.5. Corrugated And Solid Fiber Boxes 9.2.6. Printing Ink 9.2.7. Others 10. North America Fischer-Tropsch Wax Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 11.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 12. Canada Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 12.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 13. Mexico Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 13.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 14. Europe Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 14.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 15. Europe Fischer-Tropsch Wax Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 16.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 16.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 17. France Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 17.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 18. Germany Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 18.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 19. Italy Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 19.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 20. Spain Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 20.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 21. Sweden Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 21.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 22. CIS Countries Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 22.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 23. Rest of Europe Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 23.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 24. Asia Pacific Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 24.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 25. Asia Pacific Fischer-Tropsch Wax Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 26.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 26.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 27. India Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 27.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 28. Japan Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 28.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 29. South Korea Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 29.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 30. Australia Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 30.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 31. ASEAN Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 31.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 32. Rest of Asia Pacific Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 32.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 33. Middle East Africa Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 33.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 34. Middle East Africa Fischer-Tropsch Wax Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 35.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 35.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 36. GCC Countries Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 36.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 37. Egypt Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 37.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 38. Nigeria Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 38.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 39. Rest of ME&A Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 39.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 40. South America Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 40.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 41. South America Fischer-Tropsch Wax Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 42.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 43. Argentina Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 43.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 44. Rest of South America Fischer-Tropsch Wax Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 44.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Fischer-Tropsch Wax Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, End-Use Industries and R&D Investment 45.2.2. New Type Launches and Type Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals[ 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Shell Ltd 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Type Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Nippon Seiro Co., Ltd 45.3.3. Nanyang Saier 45.3.4. Sasol Limited 45.3.5. DEUREX AG 45.3.6. Liaoning Fushun TongYi Special Paraffin Wax Products Co., Ltd 45.3.7. Evonik Industries 45.3.8. Globalwax LLC 45.3.9. Industrial Raw Materials LLC 45.3.10. Michelman 45.3.11. TER HELL & Co. GmbH 45.3.12. Yi Mei New Material Tech Co., Ltd. 45.3.13. Brenntag 45.3.14. King Honor International 45.3.15. KPL International Ltd 45.3.16. Other Key Players 46. Primary Key Insights
