According to a report,“Fluorotelomers Market Size, Share & Trends Analysis Report, By Product (Fluorotelomer Alcohol, Fluorotelomer Acrylate, Fluorotelomer Iodide), By Application (Fire Fighting Foams, Food Packaging, Stain Resistants, Textiles) And Segment Forecasts To 2020”, published by Grand View Research, Inc., The global fluorotelomers market is expected to reach USD 539.3 million by 2020, Increased use of fluorotelomers in fire fighting foams and textiles is expected to drive demand over the next six years. The market is still in the nascent stage and is expected to gain significant share over the forecast period on account of substitution of other flurocarbons.
These products are preferred on account of their non toxic nature and the fact that they do not bio-accumulate in animals. Fluorotelomer alcohols such as TEOH-4 and TEOH-6 were the largest consumed product segment in 2013 and accounted for over 30% of global consumption. Fluorotelomer iodide is expected to be the fastest growing product segment at an estimated CAGR of 13.1% from 2014 to 2020.
Key Takeaways from the report:
The global fluorotelomers demand is expected to reach 47,492.4 tons by 2020 growing at a CAGR of 12.5% from 2014 to 2020.
Textiles were the largest application market, accounting for over 34% of the global fluorotelomer consumption in 2013. The segment is also expected to witness fastest growth at an estimated CAGR of 13.6% from 2014 to 2020 on account of enhanced demand from end-use industries.
Fire fighting foams and food packaging were key application segments, together generating revenue in excess of USD 130 million in 2013. Fire fighting foams are increasingly being used owing to the strict construction norms in most emerging economies.
Asia Pacific was the most dominant regional market accounting for over 46% of global consumption in 2013. The presence of application industries such as textiles is expected to help the region maintain dominant position over the next six years.
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Grand View Research has segmented the global fluorotelomers market on the basis of application, product and region:
Fluorotelomer Application Outlook (Volume, Tons; Revenue, USD Million, 2012 – 2020)
• Fire Fighting Foams
• Food Packaging
• Stain Resistants
Fluorotelomer Product Outlook (Volume, Tons; Revenue, USD Million, 2012 – 2020)
• Fluorotelomer Alcohol
• Fluorotelomer Acrylate
• Fluorotelomer Iodide
Fluorotelomer Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 – 2020)
• North America
• Asia Pacific
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Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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