According to TechSci Research report, “Fluorosurfactants Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Fluorosurfactants Market stood at USD632.15 million in 2022 and is anticipated to grow with a CAGR of 4.71% in the forecast period, 2023-2028. The initiatives taken by the government based on fluorosurfactants have led to favorable market conditions for the Global Fluorosurfactants Market. Several factors contribute to the growth of various fluorosurfactants products. Per- and Polyfluoroalkyl Substances (PFAS) are a group of man-made chemicals that have gained significant attention due to their widespread use and potential environmental and health impacts. PFAS, including compounds like PFOA and PFOS, are commonly used in various consumer products and industrial applications, particularly in the manufacturing of fluorosurfactants.
The U.S. Environmental Protection Agency (EPA) has been actively involved in assessing the potential risks associated with PFAS and evaluating alternatives to mitigate their adverse effects. The EPA’s efforts aim to ensure that PFOA and related chemicals undergo thorough scrutiny before they are introduced into the marketplace, thus minimizing their potential toxicity and environmental footprint. In response to growing concerns about sustainability, fluoropolymer manufacturers have been proactively transforming their industry to become more environmentally friendly.
This transition involves developing and promoting sustainable alternatives to traditional fluoropolymer products. Governments worldwide are playing a crucial role in supporting this shift by encouraging the adoption of sustainable alternatives and implementing policies that promote their use. For instance, the Organization for Economic Co-operation and Development (OECD) has put forward several policy recommendations and identified key areas for further work to encourage the use of sustainable alternatives in coatings, paints, and varnishes.
These initiatives aim to reduce the reliance on PFAS-based products and foster the development of safer and more environmentally conscious solutions. By prioritizing the exploration and adoption of sustainable alternatives, stakeholders are working towards a more sustainable future, where the use of PFAS and other potentially harmful chemicals is minimized, and the health and well-being of both humans and the environment are safeguarded.
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This industry is involved in the manufacturing of electronic audio and video equipment for consumer end use. It encompasses a wide range of products, including home entertainment systems, public addresses, and musical instrument amplifications, as well as mobile devices such as cellular phones and tablets. Examples of products include televisions, stereo equipment, speaker systems, consumer video cameras, jukeboxes, and video game consoles. Innovation plays a crucial role in driving industry sales, but it also brings about increased competition. The industry faces conflicting trends, with greater competition and declining prices for its products, resulting in only moderate growth compared to historical trends.
Nonetheless, the industry is expected to experience faster expansion than the previous five-year period, driven by anticipated increases in global consumer spending and per capita income. Electronic coatings rely on fluorosurfactants for their stability against aggressive chemicals, high dielectric strength, and optical clarity of protective films. As a result, the electronic industry presents significant growth opportunities for fluorosurfactants.
The Global Fluorosurfactants Market is segmented into type, application, regional distribution, and company
Based on its type, the anionic fluorosurfactants segment held the largest share in the market. Anionic-type surfactants are widely preferred in various industries, including coatings and specialty detergents. These surfactants offer excellent cleaning properties and help to achieve lower surface tension compared to other types. With their negatively charged hydrophilic groups, anionic surfactants play a vital role in the drilling process within the oil and gas industry. The demand for coatings is expected to grow significantly, resulting in a global increase in the demand for anionic fluorosurfactants. This growth can be attributed to the rising demand for crude oil and the subsequent increase in petroleum production. As industries continue to evolve and expand, the importance of anionic surfactants in achieving efficient and effective processes becomes even more crucial.
Based on region, the North America segment is expected to grow during the forecast period. The growing demand for oilfield surfactants is expected to increase the demand for fluorosurfactants in North America. The country has abundant oil resources, including shale formations and offshore production in the Gulf of Mexico. The method of extraction from the oil reservoirs includes fracking, horizontal drilling, and multi-well pad drilling, which require significant usage of oilfield specialty chemicals such as surfactants, emulsifiers, foaming agents, and lubrication.
According to Global Energy yearbook statistics, in the year 2019, the U.S. was the largest crude oil producer in the world, producing about 745 megatonnes. The oil production, led by the shale boom, will continue to dominate in the U.S. in the next decade, providing a significant boost to the fluorosurfactants market in the country. Furthermore, new developments have contributed to the region’s increase in productivity in 2019 in the Offshore Federal Gulf of Mexico (the U.S. protected waters in the Gulf of Mexico). Seven new ventures were introduced online by oil and natural gas companies in 2019, and the Energy Information Administration (EIA) estimates that nine more will be launched in 2020. The crude oil output of the Offshore Federal Gulf of Mexico increased by 126,000 barrels per day (b/d) in 2019, resulting in the area’s highest annual total production of 1.88 million b/d.
The growing production and development in the oilfield also tend to increase drilling activity. In order to reduce friction while drilling, the demand for fluorosurfactants is also increasing, further contributing to the growth of the fluorosurfactants market in the North American region.
Major companies operating in the Global Fluorosurfactants Market are:
- 3M Company
- Alfa Chemicals Ltd.
- Chemguard Inc
- DIC CORPORATION
- Geocon Co Ltd
- Innovative Chemical Technologies, Inc.
- MAFLONS.P. A
- Merck KGaA
- OMNOVA Solutions Inc.
- TCI EUROPE N.V.
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“Growing application of fluorosurfactants in various end-user industries are key drivers of the fluorosurfactants market. Growth in the competitive landscape and presence of well-established companies in the market who are dedicated to enhancing their productivity of fluorosurfactants with every passing year are anticipated to register an impressive growth to the Global Fluorosurfactants Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Fluorosurfactants Market By Type (Anionic Fluorosurfactants, Non-Ionic Fluorosurfactants, Amphoteric Fluorosurfactants, Cationic Fluorosurfactants, Others), By Application (Paints & Coatings, Specialty Detergents, Oilfield & Mining, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Fluorosurfactants Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Fluorosurfactants Market.
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Table of Content-Fluorosurfactants Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Global Fluorosurfactants Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value
4.2. Market Share & Forecast
4.2.1. By Type (Anionic Fluorosurfactants, Non-Ionic Fluorosurfactants, Amphoteric Fluorosurfactants, Cationic Fluorosurfactants, Others)
4.2.2. By Application (Paints & Coatings, Specialty Detergents, Oilfield & Mining, Others)
4.2.3. By Region
4.2.4. By Company (2022)
4.3. Market Map
4.3.1. By Type
4.3.2. By Application
4.3.3. By Region
- Asia Pacific Fluorosurfactants Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type
5.2.2. By Application
5.2.3. By Country
5.3. Asia Pacific: Country Analysis
5.3.1. China Fluorosurfactants Market Outlook
5.3.1.1. Market Size & Forecast
5.3.1.1.1. By Value
5.3.1.2. Market Share & Forecast
5.3.1.2.1. By Type
5.3.1.2.2. By Application
