Friday, 5 August 2016

Fluorotelomers market growth is driven by strict global norms to discourage use of perflurooctyl sulfonate products

Industry Insights
Global Fluorotelomers Market size contribution was more than 26 kilotons for 2015 and projected to record CAGR of more than 12.6% during forecast timeline. Ecological hazards related to perflurooctyl sulfonate (PFOS) use has led to execution of strict norms. Increase in fire security awareness along with regulatory compliance by European Union and U.S. Environmental Protection Agency expected to discourage use of perflurooctyl sulfonate products are some of the main factors projected to promote global fluorotelomers industry trends.

MEA fluorotelomers market size, by application, 2015 (USD Million)

Growth of textile sector in countries like Bangladesh, China, Pakistan and India along with favorable regulations to enhance production at regional level are few driving factors projected to promote industry growth.

But key raw substances, tetrafluoroethylene, vinylidene fluoride, hexafluoropropene and chlorotrifluoroethylene can face control in output and use owing to their harmful properties. This can lead to tight supply of these chemical compounds and can severely affect fluorotelomers market price globally.Technological breakthroughs in particular applications like electronics, surfactants & repellants, biological, optics, liquid crystal additives and pharmacological can generate more avenues for global fluorotelomers industry growth.

Read full market research reportFluorotelomers Market Size By Product (Fluorotelomers Iodide, Fluorotelomers Acrylate, Fluorotelomers Alcohol), By Application (Textiles, Stain resistant, Food packaging, Firefighting foams), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023”, please click on the link below:

Product Insights
Global fluorotelomers industry segment was segmented into products like fluorotelomers alcohol, fluorotelomers iodide and fluorotelomers acrylate. Fluorotelomers alcohol (FTOH)segment contributed more than $112 million for 2015. Increase in domestic expenditure in Qatar, India, Kuwait and China due to fast urbanization and lifestyle changes can promote regional demand during forecast timeline. Nigeria and South Africa are promising nations that witness large scale consumption of fluorotelomers alcohol owing to growing significance of surfactants to elevate FTOH production.

Fluorotelomers iodide (FI) segment is expected to observe highest rate of expansion with projected gains of more than 13.1% during forecast period. Enhanced chemical stability, low surface power and improved surface lubricity were main features predicted to improve segment demand. Rising construction and electronics sector is anticipated to promote segment demand.

Application Insights
Global fluorotelomers market is segmented into textile application, fire-fighting application, food & beverages packaging application and stain resistant application.Textile application segment contributed more than $126 million for 2015. Fluorotelomers are utilized in medical textiles and textiles therapy to enhance stain resistance caused due to dust, solvents and chemicals. Rising chemical agent reputation in textile sector to impart wetting as well as impregnate features were some of the factors influencing segment growth.

Heavy demand from regional sector for various kind of textiles due to rise in disposable incomes and standard of living of the people in these regions are few of the aspects predicted to stimulate textile application segment growth. Re-ignition resistance and reduction of fire spread as well as smoke pollution along with thermal & chemical stability are few of the main features expected to increase demand for fire-fighting application segment.

Food & beverages packaging application segment is expected to register CAGR of more than 11.1% during forecast timeline. Fluorotelomers possess property of grease resistance that makes them preferable to be utilized in fast food wrapper packaging, pizza box liners, candy wrappers and microwave popcorn bags. Food retail growth along with changing food habits can propel industry growth in this segment.

High expenditure on food & beverages packaging activities for enhancing product quality and attract customers by offering premium products are few factors predicted to drive demand for segment.Paper production all across the globe was projected at more than 401 million tons for 2013 with APAC contributing about 45.1% of overall industry size. Growing demand for glossy paper magazine owing to its outstanding feature like aesthetic display and property to absorb additional oil in food & beverages packaging segment is anticipated to promote fluorotelomers market demand & growth in packaging segment.

Regional Insights
Global fluorotelomers industry is segmented into geographical locations like MEA, APAC, Latin America, Europe and North America. APAC, driven by India and China fluorotelomers market, led the regional demand and produced revenues more than $157.1 million for 2015. Foreign direct investments and government support for textile sector were key factors driving demand for the region.

Europe fluorotelomers market share was more than $15.1 million for fire-fighting foam application during 2015. European industry which is driven France, Germany and Italy fluorotelomers market growth is projected to register CAGR of more than 12.1% during forecast timeline.

Competitive Insights
Key industry participants profiled in the report are Wilshire Technologies, AGC Chemicals America, Daikin America, Sigma -Aldrich Corporation, Fluoryx Incorporation, AGC Chemicals, TCI Chemicals, Dynax Fluorochemicals, The Chemours Company, Indofine Chemical Company Incorporation and Archroma.

 Download a sample copy of this report :

Information Source: Global Market Insights, Inc

No comments:

Post a Comment