Fluorotelomers Market To be Worth Around US$ 2,064.8 million by the end of 2033 — Zion Market Research
The global fluorotelomers market is expected to reach US$ 2,064.8 million by the end of 2033. In 2023, the market was estimated to be worth US$ 705 million. If such statistics persist, the market is expected to expand at an 11% CAGR between 2023 and 2033. Regionally, North America and Asia Pacific offer promising opportunities for growth.
The main manufacturers in the global fluorotelomers market consist of -
- Wilshire Technologies
- DuPont
- TCI Chemicals
- @Fluorous Technologies
- Fluoryx Inc. .
Wide Range Of Applications To Spur The Demand For Fluorotelomers In The Coming Period
Fluorotelomers have a broad array of applications such as stain-resistant fabrics, textiles, fire fighting foams, and food packaging among others. As packaging applications, food contact papers are applied with fluorotelomer coatings to avert the paper from soaking oil up from fatty food products. Also, they are utilized in fast food wrappers, popcorn bags, and pizza box liners. The rise in demand for fire protection systems because of increasing alertness among customers about safety is projected to propel the global fluorotelomers market growth during the forecast period. It is also utilized as a stabilizing agent in the strengthening of fire fighting foams and used to minimize the spread of fire and decrease smoke pollution. Moreover, the rising application within the textile industry is anticipated to propel the growth of the fluorotelomers market. It is utilized to treat medical textiles and textiles to enhance the fabrics stain resistance created by solvents, chemicals, and dust. Further, protective surface finishing is provided by telomers to textile products comprising surgical gowns and drapes, which offer safety to patients and healthcare workers against fluid-borne pathogens.
Fluorotelomer Alcohol Is Expected To Be Leading Product Segment Of The Global Market
The global fluorotelomers market is divided based on application, product, and region. based on application, the market is categorized into food packaging, fire fighting foams, textiles, stain resistants, and others. Based on product, the market is classified into fluorotelomer acrylate, fluorotelomer alcohol, and fluorotelomer iodide. Among these, the leading market segment is fluorotelomer alcohol (FTOH). FTOH has several applications such as chemical intermediate to produce fluoro-organic compounds that are utilized in paper coatings, surfactants, and fabric stain repellants. Further, the rising household sector in India, the Middle East, and China owing to swift urbanization is projected to drive the demand for surfactants and carpets. Consequently, this is expected to increase the demand for FTOH in the coming period.
Asia Pacific Anticipated To Dominate The Global Fluorotelomers Market During The Forecast Period
In 2018, the global fluorotelomers market was ruled by Asia Pacific with the highest revenue and is expected to continue its supremacy during the forecast period as well. Regulatory inclination in China and India to improve the manufacturing productivity at the domestic level is anticipated to augment the penetration of industries. This is projected to amplify the use of fire fighting foams as a measure of safety and thereby boost the demand for fluorotelomers in the coming period. North America is also anticipated to observe modest growth in the market. Increasing production of shale gas and tight oil in the U.S. on account of the use of hydraulic fracturing is anticipated to augment fire-fighting system application and thereby, drive market growth.
The global fluorotelomers market is segmented as follows:
By Product
- Fluorotelomer Alcohol
- TEOH-6
- TEOH-4
- Fluorotelomer Acrylate
- Fluorotelomer Iodide
By Application
- Fire Fighting Foams
- Food Packaging
- Stain Resistants
- Textiles
- Others
By Region
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
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