Press release
Fluorotelomers Alcohol Market Trends by Key Players: Daikin America, Fluoryx, Dynax, TCI, Wilshire Technolgies, Sigma Alrich, and AGC Chemicals
Fluorotelomers Market
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Key raw materials used in manufacturing includes chlorotrifluoroethylene, vinylidene fluoride, hexafluoro propene and tetrafluoroethylene. Stringent regulations regarding hazardous nature of these materials may result into supply deficit thereby affecting fluorotelomers market price trends. However, increasing R&D spending is likely to promote technological innovations in this sector thereby stimulating industry growth.
Key insights from the report include:
• Global fluorotelomers alcohol market size will see 12.7% CAGR, as per industry expectations, with 68.9 kilo tons by 2023.
• Europe, dominated by UK, France and Germany fluorotelomers market share, may register close to 8.7 kilo tons by 2023 with expectation of below industry average growth throughout the forecast timeframe.
• North America food packaging application, led by the U.S. consumer base, may grow at 7.5% CAGR and register close to USD 17 million by 2023.
• Europe fluorotelomers iodide products may witness highest gains at 9.1% CAGR and register over USD 19.5 million by 2023. Asia Pacific fires fighting foam applications can expected gains at over 12% CAGR and may register over 10 kilo tons by 2023.
• Latin America, led by Brazil, may expect significant gains throughout the forecast timeframe. Latin America textile applications may gain 8.5% CAGR and over USD 26 million by 2023.
• MEA, led by petrochemical industry growth in Qatar, Saudi Arabia and UAE, is predicted to gain over 8.2% CAGR and register over USD 50 million by 2023.
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Global Market Insights has segmented the fluorotelomers industry on the basis of products, applications and regions:
Fluorotelomers alcohol Market Product Analysis (Volume: Tons, Revenue: USD Million, 2012 - 2023)
• Fluorotelomer acrylate
• Fluorotelomer iodide
• Fluorotelomer alcohol
• Others
Fluorotelomers alcohol Market Application Analysis (Volume: Tons, Revenue: USD Million, 2012 - 2023)
• Food packaging
• Fire fighting foams
• Textiles
• Strain resistants
• Others
Fluorotelomers alcohol Market Regional Analysis (Volume: Tons, Revenue: USD Million, 2012 - 2023)
• North America
• Europe
• Asia Pacific
• Latin America (LATAM)
• Middle East & Africa (MEA)
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Strict regulatory norms along with rising environmental concerns pertaining to perfluorooctyl sulfonate may drive fluorotelomer market. Increasing awareness regarding fire safety along with regulatory compliance by EU Commission and EPA is likely to boost firefighting foams demand thereby contributing towards fluorotelomers industry growth.
Strong application potential in various end use industry such as textile, stain resistance, food packaging and firefighting foams may favor industry growth. Fluorotelomers biodegradable nature along with supporting regulatory guidelines regarding use in food contact packaging is likely to fuel product demand.
Global fluorotelomers market share is moderately fragmented and highly regularized. Major companies operating in this industry are DuPont, Daikin, Wilshire Tchnologies, Dynax, AGC Chemicals, Sigma Aldrich, Fluorynx, TCI, Archroma, Chemours Company and Fluorous Technologies.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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