Flurotelomers Market is Growing at a CAGR of 12.5% from 2014 to 2020 : Hexa Research
“Fluorotelomer acrylate” accounted for over 25% of the total demand in 2013 and is expected to gain above average growth rates. Rising importance of moisture resistance as a property in manufacturing industry is expected to amplify the demand for fluorotelomer acrylate owing to poses water repellency property.
Felton, United States – July 28, 2016 /MarketersMedia/ —
Global fluorotelomers market size is expected to reach 47.8 kilo tons by 2020. Increase in fire protecting systems demand owing to rising consumer awareness regarding safety is expected to drive fluorotelomers market. It is used as a stabilizing agent in fortification of fire fighting foams and aimed at minimizing the spread of fire and reduce smoke pollution.
Global fire protection systems (FPS) market was valued at USD 37.21 billion in 2013 and is expected to be USD 79.22 billion by 2020, growing at a CAGR of 11.4% from 2014 to 2020. Firefighting foams are used as a part of fire protection systems owing to their numerous advantages including rapid fire extinguishing property as well as protection to firemen.
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Increasing application scope in textile industry is expected to drive fluorotelomers market growth. Global textile production was 67.3 million tons in 2008 and reached 90.8 million tons by 2014.
It is used in treatment of textiles and medical textiles to increase the fabrics stain resistance cause by dust, solvents and chemicals. Telomers also provide protective surface finishing to textile products including surgical drapes and gowns, which provide protection to healthcare workers as well as patients against fluid-borne pathogens.
Over the past few years, textile production has witnessed drastic changes with a shift from developed economies of North America and Europe to developing markets of Asia Pacific owing to abundant raw material availability, cheap labor and low energy costs. Thus, its demand in textile applications is expected to be concentrated in Asia Pacific over the forecast period.
Presence of a stringent regulatory framework by EPA owing to adverse effects is expected to restrict production and usage of the raw materials such as vinylidene fluoride and tetrafluoroethylene. Developing fluorotelomers for niche applications such as metal plating, magazine paper and semiconductors is likely to open up new avenues for industry growth.
Application Overview
Fluorotelomer alcohol (FTOH) was the leading product segment with a market valuation exceeding USD 95 million in 2013. FTOH finds application as a chemical intermediate to manufacture fluoroorganic compounds, which are used in fabric stain repellants, paper coatings and surfactants.
Growing household sector in China, India and Middle East in light of rapid urbanization is expected to promote importance of carpets and surfactants. As a result, increasing importance of carpets and surfactants is anticipated to drive FTOH demand in the near future.
Fluorotelomer acrylate accounted for over 25% of the total demand in 2013 and is expected to gain above average growth rates. Rising importance of moisture resistance as a property in manufacturing industry is expected to amplify the demand for fluorotelomer acrylate owing to poses water repellency property.
Application Overview
Textile applications were the largest with a market valuation of over USD 100 million in 2013. Textile industry growth in India, China and Germany is expected to play an important role in driving fluorotelomer market growth in the near future.
Fire fighting foams was applications are expected to witness moderate gains with an estimated CAGR of over 11% up to 2020. Implementation of safety standards in manufacturing sectors such as oil & gas, mining, chemicals and automotive is expected to drive firefighting foams demand which is likely to promote fluorotelomer market growth.
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Competitive Market Share
Global industry is technology centric and highly regularized. Key manufacturers with fluorotelomers market share include DuPont, Wilshire Technologies, Fluoryx Inc., TCI Chemicals and Fluorous Technologies.
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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
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