Press release
Global Fluorotelomers market size is predicted to surpass USD 770 million by 2024 owing to its applications in food packaging, textiles, stain resistant, and firefighting foams
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Fluorotelomers market is anticipated to surpass USD 770 million by 2024
Fluorotelomers industry size estimated at 26 kilotons in 2015, is predicted to exceed 75.80 kilotons, growing at a CAGR of around 12.5% over the period of 2018-2024. Its heavy demand in firefighting foam applications due to the beneficial features such as chemical & thermal stability, re-ignition resistance, and smoke pollution reduction is predicted to drive the growth of the market over the forecast period. Growing fluorotelomers market trends in the textile industry can be attributed to the ability of fluorotelomers to protect the textile products such as surgical drapes & gowns of patients as well as the healthcare staff from fluid based pathogens.
Segments Covered in this Report:
Fluorotelomers Market Product Analysis (Volume: Tons, Revenue: USD Million, 2012 - 2023)
Fluorotelomer acrylate
Fluorotelomer iodide
Fluorotelomer alcohol
Others
Fluorotelomers Market Application Analysis (Volume: Tons, Revenue: USD Million, 2012 - 2023)
Food packaging
Fire fighting foams
Textiles
Strain resistants
Others
Fluorotelomers Market Regional Analysis (Volume: Tons, Revenue: USD Million, 2012 - 2023)
North America
Europe
Asia Pacific
Latin America (LATAM)
Middle East & Africa (MEA)
Rising demand and new developments in niche applications like surfactants & repellants, electronics, optics, pharmacology, and liquid crystal additives are predicted to create potential growth prospects for fluorotelomers market over the next eight years.
However, production of key raw materials like tetrafluoroethylene, hexafluoropropene, vinylidene fluoride, and chlorotrifluoroethylene may be restricted due to its hazardous effect. This can lead to their scarce supply affecting the market growth over the next few years.
Fluorotelomers market is segmented in terms of products, applications, and regions.
Fluorotelomers Iodide Market is projected to register a CAGR of around 13% over 2018-2024
Fluorotelomers alcohols market worth over USD 130 million in 2017, is predicted to witness a surge due to its use as a chemical intermediate to produce paper packaging, home furnishings, stone, paper packaging, and surfactants.
Fluorotelomers Iodide Market is anticipated to witness a significant growth over the forecast timeframe owing to its beneficial properties such as improving surface lubricity, chemical stability, and low surface energy. In addition to this, expanding construction & electronics sector is predicted to boost the product demand.
Food Packaging applications segment is projected to grow at a rate of around 11% over 2018-2024
Textile applications segment worth over USD 130 million in 2017, is predicted to witness a substantial demand over the forecast timeframe due to growing use of fluorotelomers in the textile treatment to provide improved resistance to stains caused by dust, solvents, and chemicals.
Food Packaging applications segment is anticipated to witness substantial growth over the forecast timeline owing to the growing use of fluorotelomers in packaging fast food wrappers, candy wrappers, microwave popcorn bags, and pizza box liners due to its grease resistance characteristic.
Asia Pacific fluorotelomers market is predicted to dominate the regional demand over 2018-2024
Europe fluorotelomers market share is predicted to grow at a rate of around 12% over the period of 2018-2024. France, Italy, and Germany are predicted to contribute significantly towards the regional growth.
Browse key industry insights along with Table of Content @ https://www.graphicalresearch.com/industry-insights/1114/fluorotelomers-market
Latin America fluorotelomers market is predicted to surpass USD 85 million by 2024, growing at a CAGR of around 8.5% over the period of 2018-2024. Brazil is predicted to contribute substantially towards the growth of the region owing to the growing investments in the construction sector.
MEA fluorotelomers market is forecast to surpass USD 55 million by 2024, registering a CAGR of around 8% over the period of 2018-2024. Countries like Egypt, UAE, and Saudi Arabia are predicted to drive the regional demand owing to the growth of the petrochemical industry in these regions.
Key industry players include Daikin America, Fluoryx Incorporation, TCI, Wilshire Software Technologies, Dynax America Corporation, Sigma-Aldrich, and AGC Chemicals.
Related Reports:
Global Aerosol Propellants Market : https://www.marketwatch.com/press-release/aerosol-propellants-market-outlook-2019-development-factors-latest-opportunities-and-forecast-2024-2019-09-17
Non Halogenated Flame Retardants Market : https://www.marketwatch.com/press-release/non-halogenated-flame-retardants-market-historical-data-market-forecasts-2019-2024-2019-09-12
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Parikhit B.
Corporate sales,
Graphical Research
Email: sales@graphicalresearch.com
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Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
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