Fischer-Tropsch Wax Market : Revenue, Prominent Players and Forecast to 2031 - Digital Journal

2022-10-15 10:18:20 By : Ms. Lena Liu

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Europe Fischer-Tropsch Wax Market Outlook 2031

Analysts’ Viewpoint on Europe Fischer-Tropsch Wax Market Scenario

Fischer-Tropsch wax companies are focusing on high-growth industries such as inks and paints & coatings to regain revenue growth levels after the impact of COVID-19. Demand for Fischer-Tropsch wax is likely to be high in the near future due to low production efficiency from mineral and petroleum-derived sources, declining output by refineries & blenders, and rising fuel prices. According to the Transparency Market Research (TMR), companies should consider increasing their output capacities in anticipation of a rapid increase in demand for Fischer-Tropsch wax in PVC products, rubber products, adhesives, and structural/architectural coatings during the forecast period, as these industries are expected to propel significantly.

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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.

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.

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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.

Regional Outlook of Europe Fischer-Tropsch Wax Market

Germany held the largest value share of 32.2% of the Europe Fischer-Tropsch wax market in 2021. An increase in demand for Fischer-Tropsch wax in various end-use industries such as inks and coatings, plastic, and adhesives is estimated to propel the Fischer-Tropsch wax market in Germany in the near future.

Analysis of Key Market Players

The Fischer-Tropsch wax market in Europe is consolidated, with a small number of large-scale vendors controlling the majority of the share. Most companies are investing significantly in comprehensive research and development activities, primarily to develop environmentally-friendly products. Diversification of product portfolios and mergers and acquisitions are important strategies adopted by key market players. Evonik Industries AG, AWAX Group, DEUREX AG, and Sasol are prominent entities operating in the market.

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About Us 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.

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: [email protected] Website: https://www.transparencymarketresearch.com

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