Fluorosurfactants Market Analysis, Applications Share, Trends & Forecast 2017-2024.

Fluorosurfactants market share has widespread applications such as industrial cleaners, paints & coatings, adhesives, electronics, waxes & polishes, firefighting, oilfields and specialty detergents. Paints & coatings is anticipated to be the fastest growing segment of the fluorosurfactants market size due to the huge demand of the product due to its superior wetting and leveling properties compared to other surfactants. The product owing to its ability to improve the penetration of cleaners on surface, makes it an essential ingredient in specialty detergents. Additionally, the product is also used in foam formation which is very stable at high temperatures and is used in firefighting applications.

Global Fluorosurfactants Market size is likely to register healthy CAGR during the forecast period. Fluorosurfactants, also known as fluorinated surfactants, belong to a category of coating additives that enhance leveling, wetting and controlling foam. It also offers lower surface tension in coating systems. The product is compatible with almost all polymers and remains active throughout dyeing and curing process.

The global paints & coatings industry is projected to reach USD 150 billion by 2024, growing at a moderate CAGR of nearly 3% in the forecast period. The product is an integral ingredient in paints & coatings manufacturing, hence any trend in this industry will have a direct influence on the product as well. The growth of building and construction industry across the globe has led to increase in the demand for paints and coatings, which will be subsequently impacting the product demand. As the product is a vital part of anti-corrosion coatings that are widely used in protection of old structures & buildings and marine ships & vessels.

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The overall specialty detergents demand was roughly 30 million tons and is likely to exceed 50 million tons over the forecast period owing to the increased awareness about hygiene among consumers and rising demand for laundry products and detergents. The product is widely used in production of specialty detergents, thus the fluorosurfactants market size will witness a surge in the coming years.

The product due to its toxicity and bio accumulative nature, have caught attention of environment protection bodies that have put strict rules and regulations regarding volatile organic compounds (VOCs) emission. This will be a major challenge to the product growth in coming future. Moreover, high cost of manufacturing the product is compelling companies to look out for cost competitive and eco-friendly substitutes, which will be a restraining factor for fluorosurfactants market size by 2024. However, the long chain fluorosurfactants are being increasingly replaced by their eco-friendlier counterparts (short-chain). These boost the product demand and will create new growth avenues for the global fluorosurfactants market share over the forecast timespan.

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Based on the type of product, the global fluorosurfactants market share is segmented into cationic, nonionic, anionic and amphoteric. Anionic is likely to be the largest segment in the forecast period attributing to its superior permeability & wettability and excellent leveling properties. These properties make them highly desirable to be used in specialty detergents and paints & coatings industry as they help to achieve low surface tension compared to other prevailing products in the business. The increasing demand for paints & coatings will increase the product demand globally.

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In 2016, North America held a major chunk of the global fluorosurfactants market share. Asia Pacific is an upcoming fluorosurfactants market in the coming years on account of stringent VOC regulations in North America and Europe, which compels the product manufacturers to flock towards emerging economies that have cost effective production amenities and flexible policies. This shift in manufacturing facilities will boost the product demand in the Asia Pacific. Moreover, the infrastructural upliftment in Latin America and Asia Pacific, is going to raise the demand for paints & coatings in building and construction activities that will further drive the fluorosurfactants market size during the forecast period. Furthermore, product applications in the oilfields, will catch attention in Middle East countries.

The major companies contributing the fluorosurfactants market share are Asahi Glass Company Limited, DIC Corporation, ChemGuard, DuPont Chemicals, OMNOVA Solutions Incorporated, Tyco International PLC, The Chemours Company, Pilot Chemical Company, 3M Company, Advanced Polymers Incorporated and Innovative Chemical Technologies.

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