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Fluorosurfactants Market worth 667.4 Million USD by 2021
The report "Fluorosurfactants Market by Type (Nonionic, Anionic, Amphoteric, and Cationic), Application (Paints & Coatings, Specialty Detergents, Firefighting, and Oilfield & Mining), Region - Global Forecast to 2021", The global fluorosurfactants market was valued at USD 382.6 Million in 2015 and is projected to reach USD 667.4 Million by 2021, at a CAGR of 9.8%.
Browse 104 market data tables and 49 figures spread through 143 pages and in-depth TOC on "Fluorosurfactants Market by Type (Nonionic, Anionic, Amphoteric, and Cationic), Application (Paints & Coatings, Specialty Detergents, Firefighting, and Oilfield & Mining), Region - Global Forecast to 2021"
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The market is driven by the better performance of fluorosurfactants in various application areas, such as paints & coatings and specialty detergents ascompared to other surfactants, and the increasing demand for less toxic, short-chain fluorosurfactants due to stringent environmental regulations.
Paints & coatings segment estimated to be the largest application segment of the fluorosurfactants market
The paints & coatings application segment accounted for the largest share of the global fluorosurfactants market. Fluorosurfactants are used in paints & coatings owing to their better wetting and leveling properties as compared to other surfactants. The growth of the paints & coatings industry globally is driving the paints & coatings application segment of the fluorosurfactants market. The specialty detergents segment accounted for the second-largest market share.
Anionic segment projected to be fastest-growing type segment of the fluorosurfactants market
By type, the anionic segment of the fluorosurfactants market is projected to grow at the highest CAGR during the forecast period. Anionic fluorosurfactants exhibit excellent wettability and permeability, besides providing better leveling. Anionic fluorosurfactants are widely preferred for paints & coatings. The growing demand in the paints & coatings application segment is expected to increase the demand for anionic fluorosurfactants globally. The nonionic segment is estimated to be the second-largest type segment of the fluorosurfactants market.
Rising demand in Asia-Pacific drives the growth of the fluorosurfactants market
The Asia-Pacific region is expected to be the largest market for fluorosurfactants during the forecast period. In 2015, North America was estimated to be the largest market for fluorosurfactants, in terms of volume. However, Asia-Pacific is projected to outgrow North America and Europe to become the largest market for fluorosurfactants during the forecast period. The shift of the fluorosurfactants market towards emerging economies owing to stringent regulations on emissions in developing economies is driving the Asia-Pacific fluorosurfactants market.
The key companies profiled in the fluorosurfactants market research report are The Chemours Company (U.S.), The 3M Company (U.S.), Merck KGaA (Germany), OMNOVA Solutions Inc. (U.S.), Asahi Glass Co. Ltd. (Japan), Tyco International Plc. (Ireland), DIC Corporation (Japan), Advanced Polymers, Inc. (U.S.), Innovative Chemical Technologies, Inc. (U.S.), and Pilot Chemical Company (U.S.).
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