Fluorosurfactant Market Demand, Application, COVID-19 Analysis, Share, Forecast 2023
Market Analysis
The
global fluorosurfactant market is predicted to touch USD 806.09 million at a
9.8% CAGR between 2016- 2023, reveals the new Market Research Future (MRFR)
report. Flurosurfactant or fluorinated surfactant is a type of coating additive
which helps to improve wetting, levelling, and control foam. It also offers
lower surface tension, especially in coating systems. Flurosurfactant is
compatible with almost every polymer and stays active all through the curing
and dyeing process. It is used in emulsion polymerizations to produce fluoropolymers.
Cationic, amphoteric, anionic, non-ionic, and others are the different types of
fluorosurfactants. Owing to its alluring features and key benefits,
fluorosurfactants have a wide range of applications including electronics,
oilfields, polishes, waxes, adhesives, polymers, paints and coatings, inks,
sealers, fingerprint repellency, and stain repellence, among others.
Various
factors are adding to the global fluorosurfactant market share. These factors,
as per the new MRFR report, include the growth and development in various end
use industries like consumer goods, architecture, and automotive, growing
paints and coatings industry, burgeoning demand for fluorosurfactants from the
paints and coatings industry, and constant technological advancements &
innovations in the fluorosurfactant industry.
On
the contrary, the high cost of fluorosurfactants and growing concerns about its
harmful impact on humans and animals are factors that may impede the
fluorosurfactant market growth over the forecast period.
Market Segmentation
The
Market Research Future Report provides an inclusive segmental analysis of the
global fluorosurfactant market based on end users, application, and
types.
By
types, the fluorosurfactant market is segmented into cationic, amphoteric,
anionic, non-ionic, and others. Of these, the anionic segment will lead the
market over the forecast period and grow at a high CAGR as it exhibits
excellent permeability and wettability, along with offering better
levelling.
By
application, the fluorosurfactant market is segmented into electronics,
oilfields, polishes, waxes, adhesives, polymers, paints and coatings, inks, and
others. The others segment is again segmented into sealers, fingerprint
repellency, and stain repellence. Of these, paints and coatings will dominate
the market over the forecast period for its increasing use as levelling and
wetting agents.
By
end users, the fluorosurfactant market is segmented into consumer goods,
architecture, automotive, and others.
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Regional Analysis
Based
on the region, the global fluorosurfactant market covers the growth
opportunities and recent trends across Europe, the Americas, the Asia Pacific
(APAC), Latin America, and the Middle East & Africa. Of these, the APAC
region will have the lions share in the market over the forecast period.
Factors propelling the market growth include increasing urbanization and
globalization in developing economies, lenient government regulations, growing
energy demand, increasing population, and demand in different applications like
adhesives and paint and coatings. China, India, and Japan are the key
contributors in the region.
The
global fluorosurfactant market in North America is predicted to have
significant growth over the forecast period for the rapidly growing
construction sector that is boosting the demand for paints and coatings.
Besides, increasing shale exploration is also adding market growth.
The
fluorosurfactant market in Europe will have a slow growth over the forecast
period for the economic downturn that is limiting the market growth.
The
global fluorosurfactant market in Latin America and the MEA is predicted to
have moderate growth over the forecast period. Rising consumption of sealants,
adhesives, detergents, and paints in the region are adding market
growth.
Key Players
Leading
players profiled in the global fluorosurfactant market report include Merck
KGaA (Germany), OMNOVA Solutions Inc (US), Innovative Chemical Technologies,
Inc (US), Dynax Corporation (Japan), DuPonT (US), ChemGuard (US), DIC
Corporation (Japan), Agc Seimi Chemical Co., Ltd (Japan), Chemours (US), The
Chemours Company. Chemours (US) and 3 M Advanced Materials Division (US).
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NOTE: Our team of researchers are studying Covid19 and
its impact on various industry verticals and wherever required we will be
considering covid19 footprints for a better analysis of market and industries.
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