Fluorotelomers are commonly used in the manufacturing of fire safety materials and equipment in chemical and oil and gas sectors. In textiles manufacturing, the product finds use in the treatment of fabrics for enhancing resistance against stains caused by chemicals, solvents, and dust. It has the ability to impart a protective surface finish to textiles, making it suitable in the production of surgical drapes and gowns used in the healthcare sector to provide protection against infections and contamination to both the medical staff and patients.
As per a research report by Global Market Insights, Inc., global fluorotelomers market size is projected to grow at a CAGR of 12.7% through 2023, exceeding a consumption of 68.9 kilo tons.
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Fluorotelomer Alcohol Products Demand
Fluorotelomer alcohol (FTOH) market size was valued at US$114 million in 2015 and is expected to witness a significant consumption in the upcoming years. FTOH is primarily used as an intermediate in firefighting foams, home furnishings, paper packaging, surfactants, textiles, leather, and tiles.
Mounting safety concerns over fire hazards in chemical, oil and gas, and textile sectors have created a strong need for fire prevention and protection measures. Growing industrial development, mainly in developing regions, and tightening fire safety regulations is likely to boost the demand for efficient fire protection materials such as firefighting foam.
Growth of Packaged food consumption impact North America fluorotelomer market trends
North America fluorotelomer industry size from food packaging applications is projected to witness a CAGR of 7.5% through 2023, surpassing a valuation of US$17 million. Recent years have witnessed a steady rise in packaged food consumption across the region. The product consumption will also be driven by rising shale oil and gas exploration and extraction activities.
Meanwhile, Europe fluorotelomers market size, led by Germany, France, and U.K., is expected to exceed an annual consumption of 8.7 kilo tons by 2023. Also, sales of fluorotelomer iodide products across the region are estimated to be worth more than US$19.5 million by 2023.
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Asia Pacific fluorotelomers industry fare over the next few years
The consumption of fluorotelomer products across Asia Pacific, led by India and China, surpassed 12 kilo tons in 2015 and is likely to grow exponentially in the upcoming years. The regional growth can be mainly attributed to rapid expansion of the textile industry in China, India, Pakistan, and Bangladesh.
South east Asian countries have witnessed significant growth in domestic production driven by rapid industrial development. These trends are likely to fuel the demand for firefighting foam products which form a critical aspect of regulatory compliance. Annual fluorotelomer consumption across firefighting foam application is estimated to grow at a 12% CAGR, exceeding 10 kilo tons by 2023.
Key strategies adopted by fluorotelomer manufacturers
The Chemours Company, Wilshire Technologies, Daikin America, AGC Chemicals Americas, Sigma-Aldrich Corporation, TCI Chemicals, Dynax Fluorochemicals, Archroma, Indofine Chemical Co. Inc., and Fluoryx Inc. are a few notable fluorotelomer suppliers globally. Future trends in the industry will mainly be influenced by ongoing technological innovations.
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