Synthetic paraffin wax was introduced commercially after World War II as one of the products obtained in the Fischer–Tropsch reaction, which converts coal gas to hydrocarbons.

Snow-white and harder than petroleum paraffin wax, the synthetic product has a unique character and high purity that make it a suitable replacement for certain vegetable waxes and as a modifier for petroleum waxes and for some plastics, such as polyethylene.  

Synthetic paraffin waxes may be oxidized to yield pale-yellow, hard waxes of high molecular weight that can be saponified with aqueous solutions of organic or inorganic alkalies, such as borax, sodium hydroxide, triethanolamine, and morpholine.  

These wax dispersions serve as heavy-duty floor wax, as waterproofing for textiles and paper, as tanning agents for leather, as metal-drawing lubricants, as rust preventives, and for masonry and concrete treatment.