Market Size –
The fluorotelomers market size has grown rapidly in recent years. It will grow from $0.77 billion in 2023 to $0.86 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to increased demand for stain-resistant textiles and apparel, adoption of fluorinated firefighting foams for industrial and municipal fire suppression, rise in awareness of food safety regulations driving demand for fluorinated food packaging materials, expansion of the electronics industry, boosting the use of fluorotelomers in electronic components and devices, and stringent environmental regulations.
The fluorotelomers market size is expected to see rapid growth in the next few years. It will grow to $12.4 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to continued growth in the textile and apparel industry, especially in emerging markets, increasing focus on eco-friendly firefighting solutions, further advancements in food packaging technology, shift towards sustainable practices and materials in various industries, growth in construction activities worldwide. Major trends in the forecast period include technological innovations in electronics, expansion of biodegradable alternatives, adoption of green chemistry practices, integration of nanotechnology, and emergence of smart coatings.
Order your report now for swift delivery @
https://thebusinessresearchcompany.com/report/fluorotelomers-global-market-report
Scope Of Fluorotelomers Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Fluorotelomers Market Overview
Market Drivers –
The emergence of the textile industry is expected to propel the growth of the fluorotelomers market going forward. The textile industry encompasses producing, processing, and distributing fibers, yarn, fabrics, and finished textile products. The emergence of the textile industry is due to advancements in technology, particularly the invention of mechanized spinning and weaving processes. Fluorotelomers enhance the performance of textiles by providing water and stain resistance and improving durability and longevity. For instance, in May 2023, according to the National Council of Textile Organizations, a US-based association of textile manufacturers, textile and apparel shipments increased from $64.04 billion in 2021 to $65.8 billion in 2022, representing 2.7% growth in the textile industry in the USA. Therefore, the emergence of the textile industry is driving the fluorotelomer market.
Rising Investments in Healthcare Infrastructure Boosting Fluorotelomer Market Growth
The rising investments in healthcare infrastructure are expected to propel the growth of the fluorotelomer market going forward. The rising investments in healthcare infrastructure highlight the growing challenges posed by contamination, hygiene, and material durability in medical facilities. Healthcare infrastructure utilizes fluorotelomers for enhancing surface coatings, disinfection, and contamination prevention in medical equipment and facilities. For instance, in 2021, according to the American Rescue Plan Act, a US-economic stimulus package to provide relief to individuals, businesses, and state and local government, around 1 trillion are allotted to o construct, renovate, and modernize healthcare facilities in the USA. Additionally, around 10 billion amounts is provided under the Build Back Better Act for projects related to healthcare facilities. Therefore, the rising investments in healthcare infrastructure are driving the fluorotelomer market.
Market Trends –
Major companies operating in the fluorotelomers market are developing technologically innovative analytical methods for testing fluorotelomer alcohol testing in water to enable efficient detection of fluorotelomer alcohols in water. An innovative analytical method denotes a novel approach or technique used to analyze and interpret data, providing insights or solutions to complex problems. For instance, in April 2024, ALS Right Solution, an Australia-based scientific testing and inspection laboratory, introduced a new analytical method for testing fluorotelomer alcohols (FTOHs) in water developed and validated by the ALS R&D team. This method is pending UKAS accreditation and is designed to be sensitive, robust, and selective for detecting FTOHs. The method uses gas chromatography-tandem mass spectrometry (GC-MS/MS) and can quantify FTOHs at low levels in water samples.
The fluorotelomers market covered in this report is segmented –
1) By Product Type: Fluorotelomer Alcohol, Fluorotelomer Acrylate, Fluorotelomer Methacrylates, Fluorotelomer Olefins, Other Product Types
2) By Application: Fire Fighting Foams, Food Packaging, Stain Repellents, Personal Protective Equipment (PPE), Semiconductors, Leather, Paints, Waxes, Polishes, Other Applications
3) By End-Use Industry: Pharmaceutical And Healthcare, Textile And Apparel, Food And Beverage, Electrical And Electronics, Chemicals, Oil And Gas, Military And Defense, Other End-Use Industries
Get an inside scoop of the fluorotelomers market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=16054&type=smp
Regional Insights –
North America was the largest region in the fluorotelomers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fluorotelomers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the fluorotelomers market are Compagnie de Saint-Gobain, Mitsubishi Chemical Corporation, 3M Company, Daikin Industries, Shin-Etsu Chemical Co. Ltd., PPG Industries, AGC Chemicals Americas Inc., Arkema S.A, Akzo Nobel N.V., Tosoh Corporation, The Chemours Company, Solvay, Sigma-Aldrich Corporation, Dongyue Group, SRF Limited, Kureha Corporation, Dynax Corporation, Gujarat Fluorochemicals Limited, Halocarbon Products Corporation, Santa Cruz Biotechnology Inc.
Table of Contents
1. Executive Summary
2. Fluorotelomers Market Characteristics
3. Fluorotelomers Market Trends And Strategies
4. Fluorotelomers Market – Macro Economic Scenario
5. Global Fluorotelomers Market Size and Growth
.
.
.
31. Fluorotelomers Market Other Major And Innovative Companies
32. Global Fluorotelomers Market Competitive Benchmarking
33. Global Fluorotelomers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Fluorotelomers Market
35. Fluorotelomers Market Future Outlook and Potential Analysis
36.Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
