The FT wax industry is poised to witness a CAGR of 6.5% from 2022 to 2028 owing to the growing consumer awareness about the benefits of FT wax. The implementation of FT technology waxes in various industries owing to their ability to improve product strength and resistance will drive the market tilt. They also improve the external characteristics of the product on which the wax is applied by giving it better gloss and glaze, which leads to increased consumer demand.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/1818
Some major findings of the FT Wax Market report include:
- Significant benefits such as cost effectiveness and reduced production time and costs are driving product penetration into paints and coatings.
- The segment of Polish industry and other sanitation products is expected to exceed $45 million by 2028 due to rapid progress in technical and chemical aspects.
- The high demand for the products owing to its favorable properties such as high strength and induced flexibility has driven manufacturers to use it as PVC resins, accelerating the market forecast.
- The growing applications of FT wax in the cosmetics industry to impart protective and moisturizing benefits will drive the market landscape.
- The significant increase in transportation of processed and raw foods has pushed the demand for corrugated boxes which ultimately fuels business statistics.
Browse key industry information spread over 250 pages with 145 market data tables and 9 report figures and graphs, “FT Wax Market Analysis by Application (Paint & Coating, Resin, Plastics & Synthetic Rubber, Tires, Varnish & Other Sanitation Products, Corrugated & Solid Fiber Boxes, Printing Ink) Analysis Report Industry, Regional, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028″ in detail with the table of contents:
Printing Inks Segment FT Wax Market Expected To Exceed $23 million by 2028, growing at a CAGR of 6.5%. This is due to an increase in the industry of waterproof toners and inks. FT wax imparts special properties such as coefficient of friction, slip resistance, dispersion and resistance to water, solvents or grease.
Asia-Pacific FT wax market accounted for 30% of revenue share in 2021 and is projected to grow at over 7% CAGR through 2028. This is owing to their advantages comprising high tensile strength and ease of application in various sectors like printing ink, resins, plastics, synthetic rubber, candles and cosmetics production, will increase the regional market revenue. Additionally, FT wax gives the products improved strength and resistance to severe stresses, which helps expand the market in the region. The emphasis on progressive printing equipment and technology is gradually bringing about a change in the traditional methods for the same in the world and hence this will increase the consumption of FT wax in the region.
The FT wax industry is competitive with the presence of multinational corporations and growing regional manufacturers such as 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, Michelman, Industrial Raw Materials LLC and Globalwax LLC.
Request to customize this research report @ https://www.gminsights.com/roc/1818
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, US, is a global provider of market research and advisory services, offering syndicated and custom research reports as well as growth advisory services. Our business intelligence and industry research reports provide clients with in-depth insights and actionable market data specially designed and presented to aid in strategic decision-making. These comprehensive reports are designed using proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
business sales, UNITED STATES
Global Market Insights Inc.
E-mail: [email protected]
SOURCE Global Market Insights Inc.