Skyrockting Growth on Fluorosurfactant Market Outlook 2021 I...| MENAFN.COM

Thursday, 20 January 2022 05:45 GMT

Skyrockting Growth on Fluorosurfactant Market Outlook 2021 Industry Size & Share, Geographical Segmentation, Comprehensive Analysis to 2027

(MENAFN- Coherent Market Insights) Fluorosurfactants are used in various industrial applications such as metal plating, electronics, floor strippers, hard surfaces cleaner, polishes, waxes, polymers, adhesives, caulks, graphic arts, wood stains, coatings, paints, and in oil and gas industry as firefighting foam. Anionic fluorosurfactant is a thermally and chemically stable wetting agent (low foaming agent), while nonionic fluorosurfactant is used in metal plating, electronic-cleaning, pesticides, floor wax, ink, paint, and solder mask.

Fluorosurfactant is extensively used in oil industry to improve performance of aqueous and non-aqueous systems. The substance is designed to deliver high performance for surface modification, gloss development, leveling, surface wetting, and use in extreme environments. It is also known as fluorinated surfactants or perfluorinated alkylated substances.

Market Dynamics:
Growth of the automotive sector, especially in the Asia Pacific, on account of new product launches by vehicle manufacturers is expected to propel the growth of the fluorosurfactant market. For instance, according to the Society of Indian Automobile Manufacturers, passenger vehicle sales in India increased by 26.45% to 272,027 units in September 2020, up from 215,124 in September 2019.

Moreover, increasing demand for flame retardants, adhesives, coatings, and paints is also expected to augment the growth of the fluorosurfactant market. The development of smart cities and other schemes are expected to increase the demand for flame retardants, adhesives, coatings, and paints. For instance, the government of India allocated US$ 63 billion for the infrastructure sector in 2019-20. Moreover, in 2019, the Chinese government allocated around US$ 142 billion for 26 infrastructure projects. Increasing demand for fluorosurfactants and technological advancements in fluorosurfactants industry is also expected to fuel the growth of the fluorosurfactant market.

However, the toxic nature of fluorosurfactant and high cost associated with the substance is expected to restrain the growth of the fluorosurfactant market. Moreover, increasing concerns regarding harmful effects of fluorosurfactant such as PFOS, PFOA, and PFNA on both humans and animals and are expected to hamper the market growth.

Competitive Analysis:
Major players operating in the fluorosurfactant market are Pilot Chemical Company, Advanced Polymers, Innovative Chemical Technologies, DIC Corporation, Asahi Glass Co. Ltd., Tyco International Plc., OMNOVA Solutions, The 3M Company, Merck KGaA, and The Chemours Company.

Major players in the market are adopting various strategies, such as product launch, to enhance their market share or to strengthen their product portfolio. For instance, in April 2018, Pilot Chemical Company launched Masurf FS-3330A and Masurf FS-3335A (new products from its Masurf flurosurfactants line) at American Coatings Show held in Indiana, U.S.


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