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Fluorotelomers Market growth is driven by strong application trends in food packaging industry

Author : Ronak Bora | Published Date : 2019-04-10 

The size of Fluorotelomers Market was anticipated as 360 million in the year 2018 and is predicted to touch 700 million till 2023, rising with a CAGR of 12.5% between the years 2018 to 2023 as per the research done by Global Market Insights, Inc.

Strong application potential in various end use industry such as textile, stain resistance, food packaging and firefighting foams may favor industry growth. Fluorotelomers biodegradable nature along with supporting regulatory guidelines regarding use in food contact packaging is likely to fuel product demand.

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Strict regulatory norms along with rising environmental concerns pertaining to perfluorooctyl sulfonate may drive fluorotelomer market. Increasing awareness regarding fire safety along with regulatory compliance by EU Commission and EPA is likely to boost firefighting foams demand thereby contributing towards fluorotelomers market growth.

Fluorotelomer alcohol market may exceed to USD 215 million by 2023. Growing demand in food packaging due to oil, water and grease repellent characteristics may favor industry growth. Environmental conscious consumer inclination towards bio based packaging solution is likely to fuel product demand. It also finds application in carpet, waterproof clothing and swim wear as PFOS compounds replacement owing to stain resistance properties.

Key raw materials used in manufacturing includes chlorotrifluoroethylene, vinylidene fluoride, hexafluoro propene and tetrafluoroethylene. Stringent regulations regarding hazardous nature of these materials may result into supply deficit thereby affecting fluorotelomers market price trends.  However, increasing R&D spending is likely to promote technological innovations in this sector thereby stimulating industry growth.

Asia Pacific fluorotelomers market driven by India, Japan, and China may poised to surpass USD 315 million at the end of 2023. Positive outlook towards textile industry due to rising demand in protective clothing may favor regional growth. Government initiatives and strict policies regarding fire safety is likely to have positive influence on regional industry growth.

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North America led by Canada and U.S. fluorotelomers market may witness strong gains at over 12%. Growing protective and industrial safety clothing sales due to strict industrial safety norms along with fluorotelomers environmental compliance may drive regional industry growth.

Europe fluorotelomers market led by UK, France and Germany may witness steady gains with over 12% within forecasted timeframe. Stringent regulations by EU Commission pertaining to use of PFOS and PFOA based fluorosurfactants may propel regional industry growth.

Fluorotelomers market from firefighting foam application may rise to 11.5% by 2023. Rapid industrialization along with increasing awareness regarding fluorotelomers biodegradable nature replacing PFOS in firefighting foams is likely to contribute towards product demand. Many Key players developing products for fast fire control and extinction may propel industry growth.

Global fluorotelomers market share is moderately fragmented and highly regularized. Major companies operating in this industry are DuPont, Daikin, Wilshire Tchnologies, Dynax, AGC Chemicals, Sigma Aldrich, Fluorynx, TCI, Archroma, Chemours Company and Fluorous Technologies.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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