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Fischer-Tropsch (FT) Wax Market Share

Report ID: GMI1818
Published Date: Apr 2022
Report Format: PDF

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Fischer-Tropsch Wax Market Share

Key players in the FT wax market are

Sasol
Shell
Deurex AG
Evonik Industries AG
Nippon Seiro Co. Ltd.
Nanyang Saier
KPL International Limited
King Honor International
Brenntag
Yi Mei New Material Tech. Co. Ltd.
Ter Hell and Co. Gmbh
Michel man
Industrial Raw Materials LLC
Globalwax LLC.

The companies are engaged in extensive research & development to develop innovative products to improve the quality & quantity of poultry meat yield. For instance, In February 2018, Sasol announced that it has completed its USD 900 million FT products capacity expansion project in South Africa. This expansion project has helped the company to pipeline its strategy as leading supplier of Fischer-Tropsch derived products globally. With this project completion, South Africa is now one of the leading countries of wax production globally.

In 2021, Sasol successfully completed the Lake Charles Chemicals Project. That will contribute to reap the benefits of their LyondellBasell joint venture partnership in coming future. This allows them to enrich in terms of research and development of new and innovative products.

In June, 2021, Evonik boosts its system solutions portfolio with the acquisition of the cosmetic delivery company Infinitec Activos which assists them in strengthening their technological and strategic fit, supporting the portfolio shift of Evonik’s life science division Nutrition & Care towards system solutions.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

Global market for fischer-tropsch wax exceeded USD 730 million in 2021 and is expected to expand at a CAGR of 6.5% from 2022 to 2028 owing to the soaring consumption of wax-based products such as coatings, polishes, and candles.

Fischer-Tropsch (FT) wax market revenue from tires processing is estimated to grow at a CAGR of 6.5% through 2028 driven by the flourishing automobile industry and favorable government schemes & initiatives.

North American market for FT wax is anticipated to surpass USD 250 million until 2028 considering the increasing importance of trade and the escalated product demand from the processing industry for formulating inks, PVC lubrication, and adhesives.

Prominent players in the FT wax industry comprise Brenntag, Evonik Industries AG, KPL International Limited, Globalwax LLC, Nippon Seiro Co. Ltd., Ter Hell and Co. GmbH, and others.