The global fluorotelomers market is expected to reach $1.8 billion by 2032, according to Future Market Insights data analysis. The fluorotelomers market is expected to be worth $1.2 billion by 2022. If current trends continue, the market is anticipated to grow at a 3.8% CAGR between 2022 and 2032. On a regional basis for the fluorotelomers market, North America and Asia Pacific present promising economic prospects.
High demand from the domestic segment for various textile forms is expected to propel demand over the forecast period, owing to the increase in disposable income and a higher standard of living. This sector is primarily a small segment of the global fluorochemicals market.
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Key Takeaways from the Fluorotelomers Market Study:
- The Asia Pacific region now has a monopoly on the fluorotelomers market due to rising investment levels and expanding demand for textiles and apparel.
- The Minister of Innovation, Science, and Industry of Canada, for example, announced a US$28.99 million investment in Meltech Innovation Canada Inc. in 2021.
- The rapidly expanding demand for fluorotelomers for packaging applications in the food and beverage industry is expected to drive fluorotelomers market growth.
- Due to the increasing use of fluorotelomers in the industrial production of PPE kits and masks in the pharmaceutical and healthcare industries, the fluorotelomers market has expanded substantially.
- However, due to the toxicity of fluorotelomer alcohols, the market for fluorotelomers may face growth challenges in the coming years.
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Due to their environmental benefits, fluorotelomers are becoming more and more popular in specialised industries including semiconductor, metal plating, and photography. Additionally, the most recent advancements in niche fields including optics, pharmacology, electronics, repellents, and surfactants are anticipated to present huge prospects for fluorotelomers on a global scale.
Demand for fluorotelomers may increase as a result of the end-user sectors’ shift toward technological developments, which is anticipated to draw young people from all over the world.
Viewpoint for the Region
APAC, led by China and India fluorotelomers market size, dominated regional demand in 2015, generating revenues of more than USD 157 million. Government subsidies and FDI in the textile industry were key drivers of regional demand.
Europe’s fluorotelomers market, influenced by Germany, Italy, and France, is expected to grow at a CAGR of more than 12% by 2023.
MEA is expected to grow at a rapid pace, driven primarily by increases in clothing investment in Turkey, Egypt, and Saudi Arabia. Rising construction spending in Brazil is anticipated to be an encouraging factor driving demand for fluorotelomers in Latin America.
Competitive Landscape
The global fluorotelomers market share is highly systematised and classified by technological innovation. Daikin America, Fluoryx, Dynax, TCI, Wilshire Technologies, Sigma Alrich, and AGC Chemicals are among the major market players.
Telomer manufacturing firms are frequently integrated from supply of raw materials to manufacturing. Vendors, wholesalers, and traders enter into an agreement with manufacturers and buyers. Third-party agreements may add value to the finished product; however they also focus on ensuring the buyer’s continuous production supply.
Get Valuable Insights into Fluorotelomers Market
FMI, in its new offering, provides an unbiased analysis of fluorotelomers market presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for Fluorotelomers based on Product Type (Fluorotelomer Alcohol, Fluorotelomer Acrylate, Fluorotelomer Iodide, Others), by application (Fire Fighting Foams, Food Packaging, Stain Resistant, Textiles, Others) by Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and Africa ).
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