The global Fluorotelomers Market is expected to reach USD 2,064.8 million by the end of 2033. In 2023, the market was estimated to be worth USD 705 million. If such statistics persist, the market is expected to expand at an 11% CAGR between 2023 and 2033. Regionally, North America and Asia Pacific offer promising opportunities for growth.
The increase in the demand for various textile and firefighting foams on a global scale is one of the critical factors driving fluorotelomer's market growth. Fluorotelomers are being used in an increasing number of products, including firefighting foams, food packaging, stain resistance, and textiles. Food contact sheets necessitate the development to resist absorbing oil from fatty or fried foods, catapulting the fluorotelomers market's growth.
The fluorotelomers market is being influenced by increased demand for microwave bags, fast food packaging, confectionery packaging, and box packaging, as well as a favorable regulatory environment that encourages the replacement of hazardous fluorocarbons. Fluorotelomer markets are also benefiting from rising industrialization, the growth of numerous end-use sectors, and the existence of numerous compliances and regulations.
| Attribute | Details |
|---|---|
| Market Size Value in 2023 | USD 705 million |
| Market Forecast Value in 2033 | USD 2,064.8 million |
| Global Growth Rate (2023 to 2033) | 11% CAGR |
| Forecast Period | 2023 to 2033 |
| Market Share of North America | 38% |
At both the regional and international levels, there are highly probable to be stringent regulatory controls on the production of essential raw materials for fluorotelomers such as tetrafluoroethylene, chlorotrifluoroethylene, and hexafluoropropylene. Furthermore, the issues associated with many of these raw materials may stymie the growth of the fluorotelomer market.
Tetrafluoroethylene is categorized as potentially harmful by the Department of Health and Human Services' National Toxicology Program. Chlorotrifluoroethylene is a hazardous substance to human health owing to its acute toxicity.
All of these fundamental materials are extremely toxic, endangering both human health and the environment. Consumers' rising discontent about their health and the environment is expected to hamper Fluorotelomer market growth.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Fluorotelomers are used in packaging applications in the food and beverage industry. Fluorotelomers coatings are used on food contact paper in packaging applications to prevent the paper from absorbing oil from food products. Various packaging technologies have been developed to meet the convenience, comfort, safety, and freshness requirements of packaged goods.
The increased demand for microwave bags, confectionery, and box packaging has encouraged the use of fluorotelomers to replace hazardous fluorocarbons. Furthermore, the growing food and beverage industry will increase demand for packaging applications, which will increase demand for fluorotelomers.
Following the pandemic, investments are being made to modernize developing countries' healthcare structures. Globally, with rising government investments in the healthcare sector, demand for fluorotelomers in the production of PPE kits, masks, and other equipment is expected to rise.
According to Invest India, the Indian healthcare market is forecast to reach USD 372 billion by 2022, valued at USD 190 billion in 2020. According to the staff research study on the "USA-China Economic and Security Review Commission," the healthcare industry in China is expected to be worth 16 trillion RMB (USD 2.3 million) by 2030. Thus, rising investments in healthcare infrastructure are expected to drive the fluorotelomers market over the forecast period.
Principal Consultant
Fluorotelomer Alcohol Toxicity to Inhibit Market Growth
Fluorotelomer alcohols (FTOHs) are used to produce perfluorinated and polyfluorinated alkyl substances that are long-lasting (PFAS). Humans convert FTOHs into toxic perfluoroalkyl carboxylic acids. Fluorotelomer alcohols have been associated with cancer, hormonal changes, liver toxicity, and reproductive and developmental problems in both humans and animals.
Furthermore, poly-and perfluorinated acids are produced in the environment by the biodegradation of fluorotelomer alcohols, which are potentially toxic and bioaccumulative, causing land and water pollution. As a result of the increasing use of fluorotelomer alcohols, the market's growth will be hampered.
The stain repellents segment accounted for the majority of the fluorotelomers market. Perfluorooctanoic acid (PFOA) is produced by the gradual breakdown of fluorotelomers. PFOA provides stain, water, and grease resistance to many paper goods and fabrics, such as clothing and food packaging.
The growing textile and apparel industries will increase demand for stain-repellent fluorotelomer applications in fabrics. Fluorotelomers' increasing use as stain repellents would then end up boosting market expansion throughout the forecast period.
Fluorotelomer textile applications are predicted to offer tremendous opportunities for market participants in the coming years and to flourish at a rapid pace. Other emerging fluorotelomer applications include the metal plating industry, paper for glossy magazines, the photographic industry, and semiconductors, which are currently being researched.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
During the forecast period, the fluorotelomer alcohol segment had the highest valuation for the fluorotelomers market.
Rapid urbanization and lifestyle changes in India, China, Kuwait, and Qatar may drive regional market demand over the forecast period. Due to the increasing importance of surfactants in increasing production output, South Africa and Nigeria are promising countries to observe FTOH consumption.
The fluorotelomer iodide (FI) market is expected to grow at the fastest rate, with gains of more than 13% expected by 2023. The key properties that boosted demand in this segment were low surface energy, improved chemical stability, and enhanced surface lubricity. The expanding construction and electronics industries are expected to open up new markets for FI demand.
North America, Asia Pacific, Europe, and the rest of the world are all included in the worldwide fluorotelomers market on a regional level. North America and Asia Pacific are predicted to account for the largest chunk of these markets.
It is anticipated that North America will continue to have a high demand for fluorotelomers. The industry's expansion in food packaging is fueling this region's growth.
| Country | United States |
|---|---|
| 2022 Value Share in Global Market | 25.7% |
| Countries | Value CAGR (2023 to 2033) |
|---|---|
| China | 4.1% |
| India | 12.4% |
| Country | Japan |
|---|---|
| 2022 Value Share in Global Market | 7.7% |
The substantial presence of the industrial sector in the region supports the market's growth in the Asia Pacific. Fluorotelomer use in textiles will promote market expansion in the Asia Pacific region.
The APAC region is one of the world's leading producers of fluorotelomers, with China and India being the primary consumers and suppliers. The rising growth of several end-use industries, including electrical and electronics, food and beverage, oil and gas, and others, has boosted the fluorotelomers market.
According to the Indian Brand Equity Foundation, Panasonic Life Solutions India plans to invest Rs. 600 crores (USD 82.34 million) in 2021 to establish a new electrical appliances manufacturing facility in Sri City, Andhra Pradesh. Fluorotelomer usage is growing in various end-use industries, which would stimulate economic growth over the forecast period.
ClearShift
A Dallas-based manufacturer of environmentally friendly specialty products and chemicals has completed its renaming and rebranding from Advantage Midstream and has launched its new corporate website GoClearShift.com.
ClearShift converts major sources of pollution into ultra-pure, environmentally friendly products. The conversion process used by the startup uses less water and energy per gallon than traditional oil-based chemicals.
Alchemy
Alchemy, based in the United States, offers cloud-based software-as-a-service (SaaS) solutions to modernize specialty chemical development. The laboratory information management system (LIMS) of the startup automatically integrates data from lab equipment, notebooks, and other systems.
Following a USD 250 million Series C round in October, the startup was valued at USD 3.5 billion. In late April 2021, the startup was valued at USD 505 million following a USD 80 million Series B investment. This means that the startup's value has increased nearly threefold since October, and 19.8 times since last April.
Mosspiration Biotech
A Danish startup uses moss as a green cell factory to create natural fragrance products. The moss transformation technology developed by the startup is a specific assembly of multiple linear deoxyribonucleic acid (DNA) fragments via homologous recombination.
This method is used to assemble DNA constructs ranging in size from a few kilobases to full synthetic microbial genomes. As a result, the startup can use physcomitrella moss to create fine chemicals sustainably, reducing the exploitation of rare and endangered plants.
The global fluorotelomers market share is highly computationally efficient and classified by technological innovation. Daikin America, Fluoryx, Dynax, TCI, Wilshire Technologies, Sigma Alrich, and AGC Chemicals include some of the leading industry players.
Telomer manufacturing firms are frequently integrated from the supply of raw materials to manufacturing. Vendors, wholesalers, and traders agree with manufacturers and buyers. Third-party agreements may add value to the finished product, but they also focus on ensuring the buyer's continuous material supply.
Fluorotelomers are becoming increasingly popular in specialized industries such as semiconductors, metal plating, and photography due to their environmental benefits. Furthermore, recent advancements in niche fields such as optics, pharmacology, electronics, repellents, and surfactants are expected to present huge opportunities for fluorotelomers on a global scale.
Fluorotelomer demand will rise as a result of the end-user sectors' shift toward technological developments, which is expected to attract young people from all over the world.
| Date | January 2019 |
|---|---|
| Company | Asahi Glass Co Inc. |
| Strategy | Agreement |
| Details | Asahi Glass Co Inc., a Tokyo-based producer of chemicals, glass, and high-tech materials, and C.H. Boehringer Sohn AG & Ko. KG, a German pharmaceutical firm, reached an agreement in January 2019 for Asahi Glass Co Inc. to acquire Malgrat Pharma Chemicals, the latter's subsidiary. The latter manufactures intermediates and API for Boehringer Sohn AG. As a result of this acquisition, Asahi Glass is expected to expand its geographic reach and increase the number of products it offers. |
| Date | 2021 |
|---|---|
| Company | Panasonic Life Solutions India |
| Strategy | Investment |
| Details | According to the Indian Brand Equity Foundation, Panasonic Life Solutions India invested USD 82.34 million in 2021 to establish a new electrical appliance manufacturing facility in Sri City, Andhra Pradesh. Fluorotelomers are increasingly being used in a variety of end-use sectors, which will drive market growth. |
The market is estimated to secure a valuation of USD 705 million in 2023.
The market is estimated to reach USD 2,064.8 million by 2033.
Through 2033, the market is anticipated to expand at an 11% CAGR.
Fluorotelomer demand is climbing in the pharmaceutical and healthcare industries to stimulate market expansion.
The segment of stain repellents constitutes the majority of the market.
The fluorotelomer alcohol category embraces a significant market valuation.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Fluorotelomer Alcohol 5.2. Fluorotelomer Acrylate 5.3. Fluorotelomer Iodide 5.4. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Fire Fighting Foams 6.2. Food Packaging 6.3. Stain Resistant 6.4. Textiles 6.5. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. 3M Company 17.2. AGC Chemicals Europe Ltd. 17.3. Archroma Management LLC 17.4. DowDuPont, Inc. 17.5. Dynax Corporation 17.6. Merck KgaA 17.7. Santa Cruz Biotechnology, Inc. 17.8. The Chemours Company 17.9. TCI Chemicals 17.10. Sigma-Aldrich Corporation 17.11. Wilshire Technologies 17.12. Asahi Glass Co. Inc. 17.13. Fluorous Technologies Inc 17.14. Fluoryx Inc 17.15. Chemours Company 17.16. Indofine Chemical Co. Inc. 17.17. Clariant 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Food and Beverage Insights
View Reports
Fluorotelomers Market
