Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 650.89 Million | USD 888.12 Million | 3.96% | 2022 |
The global Fluorosurfactant Market size was worth around USD 650.89 Million in 2022 and is predicted to grow to around USD 888.12 Million by 2030 with a compound annual growth rate (CAGR) of roughly 3.96% between 2023 and 2030.
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.
Fluorosurfactant is a long carbon chain having multiple fluorine atoms. It has property of lowering the surface tension of water. Fluorosurfactant is used to produce fluoropolymer and also used as leveling and wetting agent. It has industrial applications in stain repellents and polishes, paints, coatings, wood stains, graphic arts, caulks, adhesives, polymers, waxes, polishes, hard surfaces cleaner, floor strippers, electronics, metal plating, and in oil & gas fields as firefighting foam.
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.
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.
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.
Report Attributes | Report Details |
---|---|
Report Name | Fluorosurfactant Market Size Report |
Market Size in 2022 | USD 650.89 Million |
Market Forecast in 2030 | USD 888.12 Million |
Growth Rate | CAGR of 3.96% |
Number of Pages | 188 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Advanced Polymer, Inc., E.I. Du Pont De Nemours, OMNOVA Solutions Inc., 3M Company, ChemGuard, and others. |
Segments Covered | By Product, By Application and By region. |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The major players in the global fluorosurfactants market include-
What Report Provides
FrequentlyAsked Questions
global Fluorosurfactant Market size was worth around USD 650.89 Million in 2022 and is predicted to grow to around USD 888.12 Million by 2030
(CAGR) of roughly 3.96% between 2023 and 2030.
The largest share of the Fluorosurfactant Market is held by Asia Pacific. Developing countries of Asia Pacific such as China, Japan, and India will be dominating the market scenario mainly due to the rising constructional activities. The growth of Asia-Pacific region is expected to be followed by the Middle East and North America. Also, significant growth is expected from Western Europe owing to the developments taking place in this region especially in countries such as Italy, Germany, the U.K, France, and Spain. However, growth in Africa, Latin America, and Eastern Europe is anticipated to be moderate over the forecast period.
Advanced Polymer, Inc., E.I. Du Pont De Nemours, OMNOVA Solutions Inc., 3M Company, ChemGuard, and others.
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