Fluorosurfactants Market Rugged Expansion Foreseen by 2025

Fluorosurfactants Market: Drivers

Fluorosurfactants are widely preferred in paint & coating materials usually used in the building & construction industry. Continuous growth of the building & construction industry is expected to fuel the demand for fluorosurfactants in the near future. Moreover, shifting focus toward fluorosurfactants from traditional hydrocarbon surfactants, owing to their favorable features, such as thermal stability in harsh environments and better reflective surfaces as compared to traditional hydrocarbon surfactants is further expected to drive growth of the global fluorosurfactants market. Additionally, rise in the use of fluorosurfactants as leveling and wetting agents is anticipated to upsurge the demand for fluorosurfactants during the forecast period.

Fluorosurfactants Market: Restraints

One of the major factors restricting growth of the global fluorosurfactants market is regulations over the emission of the volatile organic compounds (VOCs) in developed countries. Some fluorosurfactants (perfluorooctanesulfonic acid (PFOS), perfluorononanoic acid (PFNA), perfluorooctanoic acid (PFOA), etc.) have gained the attention of regulatory agencies, owing to their toxic nature. Toxicity of fluorosurfactants is expected to restrict the growth of the market. Moreover, the high cost of fluorosurfactants is anticipated to hamper growth of the market during the forecast period.

Fluorosurfactants Market: Segmentation

The global fluorosurfactants market can be segmented in a number of ways, two of the prominent ones being on the basis of product type and application. On the basis of product type, the market can be segmented into anionic fluorosurfactants, cationic fluorosurfactants, non-ionic fluorosurfactants and amphoteric fluorosurfactants. On the basis of application, the global fluorosurfactants market can be further segmented into paints & coatings, firefighting, specialty detergents, adhesives, oil field & mining, and others (oil repellant, inks, and plating chemicals).

Fluorosurfactants Market: Regional Outlook

Based on regions, North America is expected to be the major consumer of fluorosurfactants and the region is expected to witness positive growth during the forecast period. Asia Pacific is anticipated to dominate the global fluorosurfactants market during the forecast period. Stringent government regulations on emissions, coupled with the shift of the fluorosurfactants markets towards emerging economies, such as China is further projected to escalate the demand for fluorosurfactants in the Asia Pacific region during the forecast period. Moreover, Asia Pacific is projected to surpass North America during the forecast period. Europe is expected to dominate the global fluorosurfactants market in terms of value. Latin America is expected to grow at a moderate rate in the near future.

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Fluorosurfactants Market: Market Participants

Some of the market participants identified across the value chain of the global fluorosurfactants market are mentioned below: ChemGuard, I. Du Pont De Nemours and Company, 3M Company, Maflon S.p.A, Dynax Corporation, OMNOVA Solutions Inc., The Chemours Company, Advanced Polymer Inc., Merck KGaA, DIC Corporation, Pilot Chemical Corporation.

Major players in the market are shifting their manufacturing base to Asia Pacific, owing to stringent regulations implemented in other regions across the globe.

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This release was published on openPR.