Fluorosurfactant market is segmented by Type
(Anionic, Cationic, Non-ionic. and Amphoteric), Application (Paints &
Coatings, Detergents and Cleaning Agents, Oil & Gas, Flame Retardants,
Adhesives, and Others), Geography (North America, Europe, Asia-Pacific, and
Rest of the World) Size, Share, Outlook, and Opportunity Analysis, 2023-2030.
The global Fluorosurfactant market is
estimated to be valued at reach US$ 569.91 million in 2022 and is expected to
exhibit a CAGR of 6.12 % over the forecast period, as highlighted in a new
report published by Coherent Market Insights.
Market Overview:
Fluorosurfactant, also known as
perfluorinated surfactant or polyfluorinated surfactant, is a hydrocarbon-type
surfactant that comprises a non-polar class, a fluorine atom partly or totally
changes the hydrogen particles on the hydrocarbon linkage. These components are
very efficient at decreasing surface tension compared to normal hydrocarbon
surfactants. This fluorine component is prepared by a particular polymer-making
procedure known as telomerization. These oligomers contain carbon chains that
are among C6 and C18. These small-chain interaction methods are in vast usage
for floor polishes and are in several phases of advancement for a variety of
other uses.
Competitive
Landscape:
Key
players involved in the global Fluorosurfactant
Market are OMNOVA Solutions
Inc., 3M, Merck KGaA, Innovative Chemical Technologies, and Alfa Chemicals.
Market Key Drivers:
The rise in paints and coatings industry is
expected to augment the growth of global Fluorosurfactant market. For instance,
global paint and coatings industry is valued at US$ 160 billion and is
projected to reach US$ 235 million by 2029.
The rise in production of crude oil is
anticipated to drive the growth of global Fluorosurfactant market. For
instance, as per EIA, the production of crude oil across the globe was 100
million barrel per day is anticipated to 1.6 million barrel per day by 2023 and
2024.
Covid-19 Impact
Analysis:
The Covid-19 outbreak has adversely affected
the growth of global Fluorosurfactant market due to the strict imposition of
lockdown and shutdown and the interruption in manufacturing and production
units. Halt in the supply of products and delay in the supply chain impeded the
market growth. The restriction on transportation goods hindered the market
growth.
Key Takeaways:
The global Fluorosurfactant market is
anticipated to exhibit a CAGR of 2.93 % during the forecast period due to
rising production of crude oil. For instance, U.S produced 745 megatons of
crude oil in 2019.
Among regions, North America, Europe, and
Asia Pacific are expected to witness robust growth in the global
Fluorosurfactant market due to rising construction industry, increasing paints
and coatings industry as the fluorosurfactants are mostly used in paints and
coatings. For instance, the Indian government contributed US$ 463 billion for
the infrastructure in 2019 and is known to invest US$ 1.4 trillion by next five
years.
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