Fluorosurfactant Market Overview -
Fluorosurfactant Market is projected to witness healthy growth during the forecast period, 2021–2030. The market was valued at USD 538,049.30 thousand in 2019 and is projected to register a 6.02% CAGR by the end of the forecast period, reveals the new Market Research Future (MRFR) report.
Flurosurfactant Market or fluorinated surfactant is a type of coating additive which helps to improve wetting, levelling, and control foam. It also offers lower surface tension, especially in coating systems. Flurosurfactant is compatible with almost every polymer and stays active all through the curing and dyeing process. It is used in emulsion polymerizations to produce fluoropolymers.
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Fluorosurfactant Market - Eminent Firms:
3M (US), The Chemours Company (US), AgcSeimi Chemical Co., Ltd (Japan), DIC Corporation (Japan), ChemGuard (US), Dynax (US), Innovative Chemical Technologies, Inc. (US), OMNOVA Solutions Inc. (US), Kawaken Fine Chemicals Co., Ltd. (Japan), and MAFLON SPA (Italy).
Leading players in this market are 3M, The Chemours Company, ChemGuard, Innovative Chemical Technologies, Inc., and OMNOVA Solutions Inc; this is due to their large production capabilities, global revenue base, raw materials (reserves of minerals), and global distribution network. The market has not witnessed an aggressive approach towards the strategic key developments and initiatives and hence is expected to have a moderate intensity of rivalry.
Cationic, amphoteric, anionic, non-ionic, and others are the different types of fluorosurfactants. Owing to its alluring features and key benefits, fluorosurfactants have a wide range of applications including electronics, oilfields, polishes, waxes, adhesives, polymers, paints and coatings, inks, sealers, fingerprint repellency, and stain repellence, among others. The augmented investment in the construction sectors is rising due to urbanization plans and policies instituted by government bodies, and this is estimated to promote the Fluorosurfactant Market companies in the coming period. The reduced weight requirement in structural applications is estimated further to spur the Fluorosurfactant Market in the impending period.
Various factors are adding to the global fluorosurfactant market growth. These factors, as per the new MRFR report, include the growth and development in various end use industries like consumer goods, architecture, and automotive, growing paints and coatings industry, burgeoning demand for fluorosurfactants from the paints and coatings industry, and constant technological advancements innovations in the fluorosurfactant industry.
On the contrary, the high cost of fluorosurfactants and growing concerns about its harmful impact on humans and animals are factors that may impede the fluorosurfactant market growth over the forecast period.
Growing consumption of Fluorosurfactant Market in various applications is the important reason behind their growth in the market. Moreover, end-use industries such as pharmaceutical, and cosmetics provide impetus to the Fluorosurfactant Market market growth.
On the flipside, fluctuating raw material prices are considered to restrict the market growth in the coming years. Strict government mandates restricting the use of sulfuric acid is likely to hinder the market growth. Moreover, ill effects of sulfuric acid on human health like irritation in the eyes and skin and skin sensitiveness are expected to vitiate the market growth in the coming years.
The availability of various substitutes such as iron ore, hematite, and celestite are expected to hinder market growth due to their reduced prices and the fact that some of these can be synthetically produced. However, barite is still the most preferred material in oil gas applications which is expected to encourage market growth. Moreover, its applications in the absorption of x-rays and gamma rays make it useful in the medical sector as well as to make special containers to store radioactive materials which are likely to encourage market expansion.
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Segment Study of Fluorosurfactant Market-
Global Fluorosurfactants Market, by Type :-
Non-ionic, Anionic, Cationic, Amphoteric
Global Fluorosurfactants Market, by Application :-
Paints Coatings, Inks, Polymers, Adhesives, Sealants, and Caulks, Waxes Polishes, Foamers, Others
Global Fluorosurfactants Market, by End Use :-
Automotive, Construction Architecture, Consumer Goods, Oilfields, Electronics, Others
Industry/ Innovation/ Related News:
In September 2019, EMD Performance Materials launched a new product named Tivida FL fluorosurfactants, which can be synthesized via a different chemical process known as telomer chemistry. Their unique molecular design carry branched and ultrashort fluorocarbon chains (C2-C3), which makes them effective at reducing surface tensions both static and dynamic and are less toxic and bio-accumulating. This would help the product in gaining better market grounds in North America and Europe where eco-friendly laws are quite stringent.
Fluorosurfactant Market Market - Regional Analysis
On a geographical note, Asia-Pacific region leads the Soda Fluorosurfactant Market in terms of both, volume and value, which is expected to proliferate significantly at a higher CAGR by 2022. In the Asia Pacific, China has been a significant revenue generating country owing to growing end-user industry and an increase in the consumption rate of chemicals by manufacturers. Also, substantial expansion scope in the automotive industry in India, South Korea Taiwan, and leather industries in Vietnam may enhance the market growth. Besides, a surge in personal care and cosmetic products demands from the middle-class population may also stimulate the global Soda Fluorosurfactant Market substantially.
Whereas, North America for second market share in this segment. North America led by the U.S. Soda Fluorosurfactant Market may also witness gains of market by the end of the forecast period. U.S. market, driven by wood coatings and printing ink applications segment along with increased spending on lifestyle products and growing e-commerce industry may boost regional market growth during the projected period.
Europe is now estimated to witness moderate growth on account of rising demand from the automotive sector. Furthermore, stringent regulations for the storage and usage of this product have led to increased innovation and development in this sector.
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