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.
In depth research report on 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
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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, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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