Press release
Fluorosurfactant Market Predicted Double-Digit Growth Rate by 2024
Fluorosurfactant is a synthetic organofluorine chemical compound that consists of multiple fluorine atoms. It is also known as perfluorinated alkylated substances or PFASs or fluorinated surfactants. It acts as surfactants and is essential to lower the surface tension of the water. Perfluorooctanesulfonic acid (PFOS) and perfluorooctanoic acid (PFOA) are man-made fluorosurfactants. Fluorosurfactant improves formulation properties of controlling foam, wetting, thermal stability, and leveling. It helps in reducing the surface tensions in paints and coatings. It is soluble in the polymers and remains active throughout the curing and drying process.
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Global Fluorosurfactant Market: Growth Factors
Fluorosurfactant is used in the emulsion polymerization for the production of fluoropolymers which drives the global fluorosurfactant market. It is extensively being used in paints, stain repellents, coatings, and polishes. Development and growth in the end-user industries such as automotive, architecture, consumer goods, and others expect to drive the global market growth. Increasing demand of fluorosurfactants from paint & coatings positively enhances the global fluorosurfactant market. It is used in numerous applications such as adhesives, films, waxes, cleaners, polishes, and others. Rapid advancement in the technological inventions in fluorosurfactants industry will fuel the growth of the market in the coming years. Increasing concerns regarding harmful effects of fluorosurfactant such as PFNA, PFOA, and PFOS on animals and humans are restraining the market growth.
Global Fluorosurfactant Market: Segmentation
The global fluorosurfactant market is categorized based on application, types, and geography. The application segment is classified as oilfield & mining, paints & coatings, firefighting, adhesives, specialty detergents, waxes and polishes, electronics, and others. The type segment is fragmented as amphoteric, non-ionic, cationic, and anionic. Geographically, the global market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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Global Fluorosurfactant Market: Regional Analysis
North America is the dominating region in the global fluorosurfactants market due to economic development and increasing use of fluorosurfactants in various applications in the end-use industries. Asia-Pacific is projected to witness growth in the near future owing to higher demand for fluorosurfactants due to the increasing population and industrialization. Key players in the market have shifted their manufacturing base to Asia-Pacific owing to stringent regulations that are implemented on the harmful emissions in other regions have enhanced the market in this region in a positive way. Countries such as Japan, the US, Mexico, Germany, China, and India also contributes for the good market share worldwide. Massive investments are being done on research activities by the European countries in order to develop environment-friendly products contribute towards the significant growth of the market. Prominent market players in the Middle East and Africa are focusing on introducing environment-friendly products and expanding their geographical areas thus boosting the global market growth.
Global Fluorosurfactant Market: Competitive Players
The major players in the global fluorosurfactants market include Advanced Polymer, Inc., E.I. Du Pont De Nemours, OMNOVA Solutions Inc., 3M Company, ChemGuard, and others.
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Global Fluorosurfactant Market: Regional Segment Analysis
North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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