Fluorotelomers Market Size, Share & Trends Analysis Report By Product (Fluorotelomer Alcohol, Fluorotelomer Acrylate), By Application (Fire Fighting Foams, Textile), By Region, And Segment Forecasts, 2024 - 2030
Fluorotelomers Market Growth & Trends
The global fluorotelomers market size is expected to reach USD 10.99 billion by 2030, registering to grow at a CAGR of 4.6% from 2024 to 2030 according to a new report 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 nontoxic 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 2023. Fluorotelomer iodide is expected to be the fastest-growing product segment during forecast period.
Fluorotelomers Market Report Highlights
Fluorotelomer alcohol dominated the market with a revenue share of 32.6% in 2023. This dominance is attributed to their high efficiency in creating long-lasting and strong stain-free or water-proof layers for many products used by consumers.
Fire fighting foams are expected to experience significant rise in demand over the forecast period. An increase in fire-related accidents, investment in fire protection facilities, and innovation in the current firefighting foam to mitigate the risks are some of the factors driving the market growth.
Asia Pacific was the most dominant regional market accounting for over 46.4% of global consumption in 2023. The presence of application industries such as textiles is expected to help the region maintain dominant position over the next six years.
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