Global FT Wax (Fischer Tropsch Wax) Sales Market Report 2023

Market Analysis and Insights: Global FT Wax (Fischer Tropsch Wax) Market

This report studies the FT Wax market, Fischer-Tropsch (FT) wax is a synthetic wax produced by the polymerization of carbon monoxide under high pressure.

The Fischer–Tropsch process is a collection of chemical reactions that converts a mixture of carbon monoxide and hydrogen into liquid hydrocarbons. FT processes for FT Wax can be differentiated according to their feedstock for synthesis gas production:

• Natural Gas – GTL, Gas to Liquid

• Coal – CTL, Coal to Liquid

Due to the COVID-19 pandemic, the global FT Wax (Fischer Tropsch Wax) market size is estimated to be worth US$ 1004 million in 2022 and is forecast to a readjusted size of US$ 1557.9 million by 2029 with a CAGR of 6.4% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, C35-C80 Type accounting for % of the FT Wax (Fischer Tropsch Wax) global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Adhesive Industry segment is altered to an % CAGR throughout this forecast period.

Currently, there are many producing companies in the world. The main market players are Sasol, Shell, Lu'an Group, and Nippon Seiro Co., Ltd, with about 49% market shares.

North America is the largest consumption area of FT Wax, with a consumption market share nearly 32%. The second place is Asia-Pacific with the consumption market share over 29%. China is another important consumption market of FT Wax.

FT Wax is used in many areas including Adhesive Industry, Ink, Coating, Polymer Processing, Textiles, Polishes and Others. Report data showed that 33% of the FT Wax market demand in Adhesive Industry, 11% in Ink, and 11% in Coating.

There are three kinds of FT Wax including C35-C80 Type, C80-C100 Type and C100+ Type. C80-C100 Type FT Wax is an important FT Wax, with a consumption market share nearly 46%.

Global FT Wax (Fischer Tropsch Wax) Scope and Market Size

The global FT Wax (Fischer Tropsch Wax) market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global FT Wax (Fischer Tropsch Wax) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.



Segment by Type


C35-C80 Type

C80-C100 Type

C100+ Type



Segment by Application


Adhesive Industry

Inks

Coating

Polymer Processing

Textiles

Polishes

Others


By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions



By Company


Sasol

Shell

Lu’an Group

Nippon Seiro Co., Ltd