The global fluorotelomers market size is expected to reach US$ 1,510.0 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of more than 11% between 2019 and 2029. According to the report, the rising demand for efficient and environmentally friendly food packaging technologies will stoke growth of the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
It includes in-depth insights into the fluorotelomers market Some of these are:
- The estimated value of the market was at US$ 513 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
- Regionally, Asia Pacific and North America have emerged as a key markets for fluorotelomers.
- Fluorotelomers iodide, fluorotelomers alcohol, and fluorotelomers acrylate are key products available in the market.
- Among products, fluorotelomers alcohols are expected to witness considerably high demand over the forecast period.
Developments in Specialized and Niche Applications Create Opportunities for Expansion
The increasing application of fluorotelomers in niche industries such as metal plating, photography, and semiconductor will stoke growth of the market. In the coming years, the market is expected to benefit from technological advancements. With younger consumers demonstrating keenness for fluorotelomers, the market is expected to record a strong rate of growth in the coming years.
“The presence of strong textile industry will back the growth of fluorotelomers market in Asia Pacific. In addition to this, the market will witness high demand because of the environment-friendly characteristics of fluorotelomers,” said a lead analyst at FMI.
Increasing Application in Food Packaging will Drive Growth
Despite being at a nascent stage, the fluorotelomers market is witnessing impressive growth. The rising demand across various end users will boost the market. For instance, fluorotelomers are used as coating in food packaging. Considering this, the increasing demand for ready-to-eat foods will have a positive impact on the overall market. Additionally, the market will gain from the rising demand from textile industry.
Who is Winning?
Some of the leading players operating in the fluorotelomers market are Clariant, Asahi Glass, DuPont, Daikin America, and Sigma-Aldrich Corporation.
For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-11029
As a result of increasing competition, the market players are focusing on expanding their product portfolio and improving sourcing process. Their expansion strategies are further aided by agreements between them and local players across emerging market. These companies are particularly focusing on catering to changing consumer preference across various applications.
In addition to this, introducing technological improvements remain a key strategy among companies. For instance, DuPont is focusing on the development of innovative fluorotelomers for repellents and surfactants so that they deliver maximum performance with minimal adverse impacts.
Get Valuable Insights into Fluorotelomers Market
Future Market Insights, in its new report, presents an unbiased analysis of the global fluorotelomers market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights into growth witnessed in the market. In terms of product, the market can be segmented into fluorotelomers alcohol, fluorotelomers acrylate, fluorotelomers iodide and others. On the basis of application, the market can be segmented into firefighting foams, food packaging, stain resistance, textile and others.
About Food Market Division at FMI
Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.