Fluorosurfactant Market Forecasts to 2028 – Global Analysis By Type (Anionic, Non-ionic, Cationic and Amphoteric), Application (Adhesive & Sealants, Caulks, Detergents and Other Applications), End User (Automotive, Construction & Architecture, Oilfield &

Fluorosurfactant Market Forecasts to 2028 – Global Analysis By Type (Anionic, Non-ionic, Cationic and Amphoteric), Application (Adhesive & Sealants, Caulks, Detergents and Other Applications), End User (Automotive, Construction & Architecture, Oilfield & Mining and Other End Users) and By Geography

According to Stratistics MRC, the Global Fluorosurfactant Market is accounted for $1.39 billion in 2022 and is expected to reach $2.03 billion by 2028 growing at a CAGR of 6.5% during the forecast period. Fluorosurfactants are molecules that contain both hydrophilic and hydrophobic parts. The hydrophobic portion of the molecule is surrounded by tiny bubbles as a result of their interaction with water, making it more soluble in water. Because they can be used to dissolve other molecules that normally wouldn't dissolve in water, fluorosurfactants are significant. This is crucial for a variety of industrial processes, such as the creation of cleaning products, oil spills, and pharmaceutical and vaccine production. Fluorosurfactants' expanding use as wetting, leveling, and oil repelling agents in a variety of industries is one of this market's main growth drivers.

According to the Organization of Petroleum Exporting Countries (OPEC), the global demand for oil was estimated to be 86.5 Mb/d in 2015 and, as a result of population growth and the rise in the number of vehicles anticipated in the future, the demand for oil is projected to grow at an annual rate of 0.6 percent pa by 2040, which translates to an increasing requirement of 100.7 Mb/d in 2040.

Market Dynamics:

Driver:

Growing adoption in the paints and coatings sector

In paints and coatings, fluorosurfactants are used to lower surface tension. This makes the texture of coated surfaces smoother and glossier. Wood, concrete, metal, and plastic are just a few of the surfaces that can be painted or coated. The wetting, leveling, and characteristics of the pigment and substrate are improved by the use of fluorinated surfactants. These surfactants contain a fluorine atom that is highly electronegative, which results in a chemical compound that is extremely stable. The coated surfaces are extremely resistant to chemical corrosion and abrasion thanks to these compounds' high durability. Therefore, it is anticipated that increasing product adoption in paints and coatings used in high-performance applications will propel the growth of the fluorosurfactant market.

Restraint:

Fluctuating crude oil prices

The cost and accessibility of raw materials are important variables that affect the cost of finished goods. Crude oil is processed and refined in various ways to produce fluorosurfactants. Additionally, over the past year, the volatility of crude oil prices has increased. Low crude oil prices and a volatile market could pose a serious threat to the fluorosurfactant market. The operating costs for producing these surfactants won't match the market price, preventing the market from expanding.

Opportunity:

Growing application field in end-user industries

Fluorosurfactants have recently risen to the top of the list among buyers and end-user industries due to the fluorine atom's slightly larger atomic radius than that of hydrogen. This, along with the fluorine atom's high electronegativity, enables the formation of a perfluoroalkyl group, which has little interaction with other molecules and a strong carbon-fluorine bond. Due to its low surface tension, the system with a fluorosurfactant added can thus provide excellent wettability. Fluorosurfactants are being used more frequently across a range of industries, including consumer goods, automotive, electronics, construction, and architecture, which is having an impact on the market's growth.

Threat:

Hazardous effect of long-chain fluorosurfactants

The active ingredients in firefighting foams used to put out hydrocarbon fires are fluorosurfactants. However, environmental pollution and health problems have been raised as a result of the outdoor use of perfluorochemicals based on perfluorooctanoic acid and perfluorooctane sulfonate. Long-chain perfluorosurfactants have significant aquatic toxicity, high bioconcentration factors in fish, high transportability, high solubility, and long elimination half-lives in human serum. However, due to the initial lack of enforcement of laws or regulations, this replacement or alleviation of environmental concerns is not taking place across all significant geographic regions and nations.

Covid-19 Impact

Regional economic expansion was significantly impacted by COVID-19's emergence. The World Trade Organization (WTO) estimates that COVID-19's economic impact resulted in a decline in global trade volumes of between 13% and 32% in 2020. Consequently, the COVID-19 pandemic had an impact on a number of end-user industries globally. Due to countries implementing partial or complete lockdown policies to combat the pandemic, a number of businesses across regions were forced to shut down their production facilities and services as a result of the scenario. Furthermore, the COVID-19 pandemic had an impact on the price of crude oil, well drilling and production activities, and the oil and gas supply chain. The short- to medium-term price of fluorosurfactants was further adversely impacted by the decline in production activities during this period.

The anionic segment is expected to be the largest during the forecast period

Due to their superior wettability, permeability, and leveling properties, anionic surfactants held the largest share of the fluorosurfactant market in 2020 and are expected to hold a dominant position throughout the predicted timeline. In coatings and specialty detergents, anionic fluorosurfactants are frequently used because they offer superior cleaning and aid in achieving lower surface tension than the other types. Anionic fluorosurfactants should see an increase in demand due to the rising demand for coatings. Additionally, this commodity's growth is a result of both rising crude oil demand and rising petroleum production.

The paints & coatings segment is expected to have the highest CAGR during the forecast period

The paints and coatings segment is anticipated to witness lucrative growth during the forecast period. Due to their superior leveling and wetting qualities compared to other surfactants, fluorosurfactants are frequently chosen for coatings. Fluorosurfactant demand is anticipated to rise worldwide due to the rising demand for coatings. Fluorosurfactants are used in very low concentrations in products like adhesives, coatings, waxes, polishes, cleaners, and films to improve wetting, leveling, and oil repellency. These factors are fueling the segment's growth.

Region with largest share:

Over the forecast period, North America will continue to be fluorosurfactant's largest market. Owing to the substantial expansion of the construction industry in this area, which increases the demand for paints and coatings. Additionally, as shale exploration grows, the need for fluorosurfactants in this area is rising. Moreover, due to the shale boom, the United States will produce an excessive amount of oil in the upcoming years, which will significantly increase the market share for fluorosurfactants.

Region with highest CAGR:

Fluorosurfactants are anticipated to have the highest growth in demand during the forecast period in the Asia-Pacific region due to rising demand from nations like China, India, and Japan. The market is anticipated to be driven by the rising demand for paints and coatings in the building and construction industries in the Asia-Pacific region. In addition, the Indian government has set aside 63 billion USD for infrastructure projects in 2019–20 and expects to spend 1.4 trillion USD over the following five years. The aforementioned elements, along with government assistance, are boosting fluorosurfactant market demand in the Asia-Pacific region.

Key players in the market

Some of the key players profiled in the Fluorosurfactant Market include 3M Company, Advanced Polymer, Inc., Agc Seisr Chemical Co.Ltd, Alfa Chemicals, Chemguard, CYTONIX, Dic Corporation, Dynax, Geocon Products, Innovative Chemical Technologies Inc., Kawaken Fine Chemicals Co. Ltd, Maflon S.P.A., Merck KGaA, Omnova Solutions Inc., Shijiazhuang City Horizon Chemical Industry Co., Ltd., TCI EUROPE N.V., The Chemours Company and The Dow Chemical Company.

Key Developments:

In March 2023, AGC Inc. Hirai, a world-leading manufacturer of glass, chemicals and high-tech materials, has increased its production capacity for fluorochemical products in order to respond to the strong demand for semiconductor-related products and applications. The 35 billion yen expansion of its Chiba Plant (Ichihara City, Chiba Prefecture, Japan) is expected to begin in the second quarter of 2025.

In July 2022, AGC a world-leading manufacturer of glass, chemicals and high-tech materials, announces that its 100% subsidiary, AGC Si-Tech Co., Ltd., which manufactures and sells silica products, has launched a new integrated brand RESIFATM for its silica products.

Types Covered:
• Anionic
• Non-ionic
• Cationic
• Amphoteric

Applications Covered:
• Adhesive & Sealants
• Caulks
• Detergents
• Firefighting Foams
• Paints & Coatings
• Polymer Dispersion
• Waxes and Polishes
• Other Applications

End Users Covered:
• Automotive
• Construction & Architecture
• Consumer Goods
• Electronics
• Oilfield & Mining
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements