Outlook of Fluorosurfactants Market status and development trends
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Fluorosurfactants, also known as fluorinated surfactants, belong to a category of coating additives that enhance leveling, wetting and controlling foam. It also offers lower surface tension in coating systems. The product is compatible with almost all polymers and remains active throughout dyeing and curing process.
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The product is an integral ingredient in paints & coatings manufacturing, hence any trend in this industry will have a direct influence on the product as well. The growth of building and construction industry across the globe has led to increase in the demand for paints and coatings, which will be subsequently impacting the product demand.
The overall specialty detergents demand was roughly 30 million tons and is likely to exceed 50 million tons over the forecast period owing to the increased awareness about hygiene among consumers and rising demand for laundry products and detergents.
Moreover, high cost of manufacturing the product is compelling companies to look out for cost competitive and eco-friendly substitutes, which will be a restraining factor for fluorosurfactants market size by 2024. However, the long chain fluorosurfactants are being increasingly replaced by their eco-friendlier counterparts (short-chain). These boost the product demand and will create new growth avenues for the global fluorosurfactants market share over the forecast timespan.
Anionic is likely to be the largest segment in the forecast period attributing to its superior permeability & wettability and excellent leveling properties. These properties make them highly desirable to be used in specialty detergents and paints & coatings industry as they help to achieve low surface tension compared to other prevailing products in the business.
Fluorosurfactants market share has widespread applications such as industrial cleaners, paints & coatings, adhesives, electronics, waxes & polishes, firefighting, oilfields and specialty detergents. Paints & coatings is anticipated to be the fastest growing segment of the fluorosurfactants market size due to the huge demand of the product due to its superior wetting and leveling properties compared to other surfactants.
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The major companies contributing the fluorosurfactants market share are Asahi Glass Company Limited, DIC Corporation, ChemGuard, DuPont Chemicals, OMNOVA Solutions Incorporated, Tyco International PLC, The Chemours Company, Pilot Chemical Company, 3M Company, Advanced Polymers Incorporated and Innovative Chemical Technologies.
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