Global Fluorotelomers Market to Surpass US$ 1,510.0 Mn by 2029
The global fluorotelomers market is projected to reach US$ 1,510.0 Mn by the end of 2029. The market was valued at US$ 513 Mn in 2019. If these figures hold true, the market will exhibit a CAGR of above 11% between 2019 and 2029. Regionally, North America and Asia Pacific showcase lucrative growth opportunities.
Of these, Asia Pacific is expected to record a higher pace of growth, backed by the presence of strong manufacturing infrastructure for textiles, surfactants,and flooring carpet. In terms of product, the market can be classified into fluorotelomers iodide, fluorotelomers alcohol, and fluorotelomers acrylate. Of these, the demand for fluorotelomers alcohols such as TEOH-4 and TEOH-6 is considerably high in the market.
Key Factors Driving the Market
Application across Diverse Sectors Backs Growth
The fluorotelomers market is still at a nascent stage, but soon it is expected to gain pace. The increasing use of fluorotelomers as a substitute for fluorocarbons will give tailwinds to the growth of the market. In addition to this, its consistently rising use in applications such as snack food packaging, fire-fighting foams, textiles, and stain-resistant fabric will act as a chief growth driver.
Of these, textile application of fluorotelomers is poised to surge exponentially in the future, paving growth opportunities for market players, subsequently enabling the market to rise at a brisk rate.
In the coming years, the global fluorotelomers market is expected to gain pace as a result of emerging applications in metal plating industry, photographic industry, paper for glossy magazines, and automotive semiconductors.
North America and Asia Pacific Emerge as Lucrative Markets for Fluorotelomers
Regionally, the global fluorotelomers market covers North America, Asia Pacific, Europe and Rest of the World. Among these North America and Asia Pacific are expected to hold lion’s share in the market. Growth witnessed by the market in Asia Pacific is backed by the strong presence of manufacturing sector in the region.
The increasing application of fluorotelomers in textile will stoke growth in the Asia Pacific market. In addition to this, the demand for fluorotelomers is expected to remain high in North America. Growth in this region is propelled by the increasing application in food packaging sector.
Increasing Demand for Flurotelomers in Niche Industries Backs Growth
The demand for fluorotelomers is increasing in niche industries such as metal plating, photography, and semiconductor. In addition to this, the market is expected to benefit from its environment-friendly characteristics.
Recent developments in emerging applications and specialized applications such as pharmacology, electronics, and repellents and surfactants are forecast to create lucrative growth prospects for the market. As industries move towards technological developments, they will attract a younger crowd. This in turn will bode well for the overall growth of the market.
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REQUENTLY ASKED QUESTIONS ABOUT FLUOROTELOMERS MARKET
What drives the fluorotelomers market?
Fluorotelomers market is at a nascent stage, however, experts suggest that it has untapped potential waiting to be unlocked. Fluorotelomers find increasing application in food packaging, textiles, fire-fighting foams and others. In addition to this, it is environmentally-friendly unlike other fluorochemical compounds. These factors drive the market.
Which factors put fluorotelomers market at risk?
Various stringent regulations imposed at both international and national levels hamper the market. According to FMI, the increasing concerns pertaining to environment and health among consumers may challenge the market growth.
Which region will lead the global sales of fluorotelomers?
North America and Asia Pacific exhibit high sales of fluorotelomers.
Which application segment offers most lucrative growth opportunities in fluorotelomers market?
The fluorotelomers market is expected to gain considerably from increasing application in food packaging and firefighting foams, besides textile.
Which segment based on product will record the highest growth in fluorotelomers market?
In terms of product, the global fluorotelomers market can be segmented into fluorotelomers iodide, fluorotelomers alcohol, and fluorotelomers acrylate. Of these, fluorotelomers alcohols is expected to show impressive growth in the market.
The global Fluorotelomers market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Fluorotelomer Alcohol
- Fluorotelomer Acrylate
- Fluorotelomer Iodide
- Fire Fighting Foams
- Food Packaging
- Stain Resistant
- North America
- Latin America
- East Asia
- South Asia