Fluorosurfactants are organic compounds that contain both polar hydrophilic groups and fluorophilic groups, imparting excellent surface activity. They are primarily used as wetting agents, leveling agents, and anti-foaming agents in applications such as metal plating, paints & coatings, firefighting, and agriculture. Fluorosurfactants provide superior properties like electrical insulation, thermal stability, and chemical inertness. The global Fluorosurfactant Market is estimated to be valued at US$ 622.39 mn in 2023 and is expected to exhibit a CAGR of 4.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growing demand from metal plating application industry is one of the key trends propelling the growth of the global fluorosurfactant market over the forecast period. Fluorosurfactants are extensively used as wetting agents and leveling agents in the metal plating industry. They help in obtaining uniform metal coating on various substrates and provide exceptional properties like corrosion resistance, electrical insulation, and thermal stability. Increasing usage of metals in various end-use industries like automotive, aerospace, and electronics has been fueling the demand for metal plating. Consequently, rising metal plating activities across the globe are expected to boost the consumption of fluorosurfactants during the forecast period.
SWOT Analysis
Strength: Fluorosurfactants offer unique properties such as good oil and water repellency, thermal and chemical stability. They also have high polarizability and strong surface activity which makes them suitable for several applications.
Weakness: Stringent regulations regarding hazardousfluorinated compounds may hamper market growth. High costs of raw materials also increase production costs.
Opportunity: Growing demand from industries such as paints & coatings, oil & gas is expected to present new opportunities over the forecast period. R&D for development of eco-friendly fluorosurfactants will further support growth.
Threats: Availability of substitutes such as silicone surfactants poses threat to market demand. Environmental concerns regarding toxicity of certain fluorinated compounds can negatively impact the industry.
Key Takeaways
The global fluorosurfactant market demand is expected to witness high growth over the forecast period. Asia Pacific dominates the market currently due to high demand from industries such as paints & coatings and oil & gas in countries such as China, India. The region is anticipated to continue its dominance during the forecast period driven by increasing industrial activities and growing end use industries in emerging economies.
Key players operating in the fluorosurfactant market include DuPont, The Chemours Company, DIC Corporation, Advanced Polymer Inc, Asahi Glass Co Ltd. These players are focusing on new product launches, capacity expansions and mergers & acquisitions to gain market share and benefit from high growth opportunities.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it