The global fluorotelomers market is expected to reach USD 539.3
million by 2020, according to a new study by Grand View Research, Inc.
Increased use of fluorotelomers in fire fighting foams and textiles is expected
to drive demand over the next six years. The market is still in the nascent
stage and is expected to gain significant share over the forecast period on
account of substitution of other flurocarbons.
These products are
preferred on account of their non toxic nature and the fact that they do not
bio-accumulate in animals. Fluorotelomer alcohols such as TEOH-4 and TEOH-6
were the largest consumed product segment in 2013 and accounted for over 30% of
global consumption. Fluorotelomer iodide is expected to be the fastest growing
product segment at an estimated CAGR of 13.1% from 2014 to 2020.
Access Research Report of Fluorotelomers
Market@ https://www.grandviewresearch.com/industry-analysis/fluorotelomers-market
Further key findings from the study suggest:
· The global fluorotelomers demand is
expected to reach 47,492.4 tons by 2020 growing at a CAGR of 12.5% from 2014 to
2020.
· Textiles were the largest application
market, accounting for over 34% of the global fluorotelomer consumption in
2013. The segment is also expected to witness fastest growth at an estimated
CAGR of 13.6% from 2014 to 2020 on account of enhanced demand from end-use
industries.
· Fire fighting foams and food packaging were
key application segments, together generating revenue in excess of USD 130
million in 2013. Fire fighting foams are increasingly being used owing to the
strict construction norms in most emerging economies.
· Asia Pacific was the most dominant regional
market accounting for over 46% of global consumption in 2013. The presence of
application industries such as textiles is expected to help the region maintain
dominant position over the next six years.
Grand View Research has
segmented the global fluorotelomers market on the basis of application, product
and region:
Fluorotelomer Application Outlook (Volume, Tons;
Revenue, USD Million, 2012 - 2020)
•
Fire Fighting Foams
•
Food Packaging
•
Stain Resistants
•
Textiles
•
Others
Fluorotelomer Product Outlook (Volume, Tons; Revenue, USD Million, 2012 -
2020)
•
Fluorotelomer Alcohol
•
Fluorotelomer Acrylate
•
Fluorotelomer Iodide
Fluorotelomer Regional Outlook (Volume, Tons;
Revenue, USD Million, 2012 - 2020)
•
North America
•
Europe
•
Asia Pacific
•
RoW
Access Press Release of Fluorotelomers Market@ www.grandviewresearch.com/press-release/global-fluorotelomers-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
