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Fischer-Tropsch (FT) Wax Market Size
- Report ID: GMI1818
- Published Date: Apr 2022
- Report Format: PDF
Fischer-Tropsch Wax Market Size
FT Wax Market size surpassed USD 730 million in 2021 and is estimated to grow at over 6.5% CAGR between 2022 and 2028. Increasing consumption of wax-based products including, candles, polishes and coatings will propel the market demand. Focus on increasing the adoption of sanitation products and high-quality packaging materials due to increasing food and hygiene concerns will drive the global market growth.
Physical properties of Fischer-Tropsch (FT) derived products such as melting point, molecular weight, temperature resistance coefficient etc. can be varied according to production process owing to which it can be used for variety of applications generating a greater demand. Ability of the product to address low production cost or continuous supply compared to petroleum derived hydrocarbons will create new growth opportunities for FT wax market participants.
| Report Attribute | Details |
|---|---|
| Base Year: | 2021 |
| FT Wax Market Size in 2021: | USD 736 Million |
| Forecast Period: | 2022 to 2028 |
| Forecast Period 2022 to 2028 CAGR: | 6.5% |
| 2028 Value Projection: | USD 1100 Million |
| Historical Data for: | 2017 to 2021 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 157 |
| Segments covered: | Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
FT Wax Market Scope
