Fluorosurfactant Market Size, Share & Segmentation by Type (Anionic, Non-ionic, Amphoteric, Cationic), by Application (Paints & Coatings, Adhesives, Detergents & Cleaning Agents, Flame Retardants, Oil & Gas, Others), by Regions and Global Forecast 2023-2030

Fluorosurfactant Market Report Scope & Overview

The Fluorosurfactant Market size was USD 650.6 million in 2022 and is expected to Reach USD 939.4 million by 2030 and grow at a CAGR of 4.7 % over the forecast period of 2023-2030. 

Fluorosurfactant, often known as fluorinated surfactants, is a chemical compound having fluorine atoms that have surfactant properties. Surfactants are substances that reduce surface tension between two separate phases, such as a solid and a liquid or two immiscible liquids. They are widely used in a range of industrial and consumer applications due to their ability to modify the wetting, spreading, emulsifying, and foaming properties of liquids.

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Firefighting foams can better put out flammable liquid fires by adding fluorosurfactants, which do this by creating a thin, stable layer on the fuel's surface. In the oil and gas sector, they can alter the wettability of reservoir rocks, potentially improving oil recovery from wells. Also, they contribute to the production of electronics by enhancing the effectiveness of cleaning solutions, soldering fluxes, and other procedures.

MARKET DYNAMICS

KEY DRIVERS

• Huge funding for research and development activity

• Paints & Coatings are the major application segment

Paints and coatings containing fluorosurfactants are more resistant to dirt, stains, and water. It considerably reduces liquid coating surface tension, allowing them to spread more freely over substrates. Also, it aids in surface wetting, allowing paints and coatings to spread smoothly and form a smooth, homogeneous film. Because of their excellent pigment wetting, levelling, and anti-blocking properties, fluorosurfactants will dominate the industry in the near future. As a result of rapid urbanization, new construction, and automobile sectors growth in every region fuels the adoption of fluorosurfactants in Paints and coatings driving the fluorosurfactants market growth.

RESTRAIN

• High price of fluorosurfactant raw material, manufacturing

• Availability of substitutes for fluorosurfactant

Fluorine is a relatively rare and costly element, and its inclusion in chemicals may contribute to greater fluorosurfactant raw material costs. Fluorosurfactant production frequently requires complex chemical procedures that necessitate specialized equipment and expertise. This complexity can raise production costs in areas such as raw materials, energy consumption, and processing. In addition, the fluorosurfactant market is being challenged by non-fluorinated surfactants, bio-based surfactants, and other specialty surfactants. These alternatives may offer comparable performance or more sustainable profiles, challenging the market share of fluorosurfactant. Manufacturers need to demonstrate the unique advantages and value proposition of fluorosurfactants over alternatives to maintain their position in the market.

OPPORTUNITY

• Rising awareness about the benefits of fluorosurfactant

• Raising applications of fluorosurfactant in a wide range of industries

Fluorosurfactants have a wide range of applications due to their unique qualities, which include the ability to reduce surface tension and give water and oil-repellent characteristics. Paints and coatings, adhesives, oil and gas, textiles, electronics, and the oil and gas industry for applications such as enhanced oil recovery (EOR) and fracking are some of their principal applications. As energy consumption rises, so will oil and gas exploration and production operations, creating opportunities for fluorosurfactant manufacturers. As these industries expand and develop, the need for high-performance fluorosurfactants is expected to rise, presenting new opportunities for market participants.

CHALLENGES

• The stringent rules on the environment

• The toxicity of fluorosurfactant-based surfactants

Fluorosurfactant containing products are more expensive than hydrocarbon-based surfactants. Furthermore, fluorine-based surfactants are part of the larger product category known as Forever Chemicals. Because of the negative impacts on health and the environment, as well as the hazardous nature of long-chain fluorosurfactant, this chemical category has been prohibited in many countries throughout the world. Chemical corporations attempted to phase out and limit their use. As a result, stringent rules applied by the government on fluorine-based surfactants may impede market growth.

IMPACT OF ONGOING RECESSION

During a recession, consumer and industrial spending capacity decreases. Fluorosurfactant-dependent industries like paints, adhesives, industrial coatings, textiles, and electronics may see a decline in consumer demand for their goods due to inflation. As a result, there may be less need for fluorosurfactants. If fluorosurfactant producers are unable to successfully alter their pricing, they may have trouble gaining profit.

Fluorosurfactants are widely used in the paint & coating and construction industries. Growing concerns about a global recession have impacted the price of crude oil. Brent crude prices have dropped 13% so far in FY23. As a result, crude-based derivatives are now less expensive. As a result, the outlook for the margins of the paint and adhesive industries is positive. If there is growth in any end-user sectors like Paints & Coatings, Adhesives, Detergents & Cleaning Agents and others then indirectly fluorosurfactants market will grow.

MARKET SEGMENTATION

by Type

• Anionic Fluorosurfactant

• Amphoteric Fluorosurfactant

• Cationic Fluorosurfactant

• Non-ionic Fluorosurfactant

by Application

• Paints & Coatings

• Adhesives

• Detergents & Cleaning Agents

• Flame Retardants

• Oil & Gas

• Others

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By Type

Anionic fluorosurfactants can greatly reduce liquid surface tension, making them extremely effective at spreading and wetting on a variety of surfaces. This characteristic is critical in coatings, adhesives, and paints. Other than anionic, Non-ionic fluorosurfactants have widespread use in sectors such as they both are used to reduce surface tension and increase wetting, which results in improved coating and paint application qualities. Fluorosurfactants are used to improve the effectiveness of firefighting foam in suppressing flammable liquid fires. They can improve oil recovery by changing the wettability of reservoir rocks. In the electronics sector, fluorosurfactants are used to increase the effectiveness of cleaning agents, soldering fluxes, and other procedures. The increasing applications in Paints & Coatings, Oil & gas industry drive the demand for anionic-type fluorosurfactants.

REGIONAL ANALYSIS

North America is a significant market for fluorosurfactant from the construction and industrial sector and production & development capabilities. The United States is the major contributor to the market in this region, driven by demand from various industries such as paints & coatings, adhesives, textiles, and oil and gas.

Europe is another prominent region in the fluorosurfactant market. The demand for fluorosurfactants from automotive, electronics, and construction, which are key consumers of fluorosurfactant. The region has strict regulations regarding chemical usage and environmental protection, driving the demand for fluorosurfactants with low environmental impact.

The Asia-Pacific region is witnessing rapid growth in the fluorosurfactant market. The growth is primarily driven by expanding building and infrastructure activities, rising disposable income, and increasing demand for consumer goods. plastic paints, automotive paints, and metal coatings that are key consumers of fluorosurfactant. Additionally, growing environmental concerns and stricter regulations are pushing for the adoption of fluorosurfactant with lower toxicity and environmental impact.

Latin America is an emerging market for fluorosurfactant, with countries like Brazil, Mexico, and Argentina leading the growth. The region's industrial growth, including the automotive, construction, and chemical sectors, is driving the demand for fluorosurfactants. The Surfactants that have high durability chemical resistance and abrasion are used in paints and coating industrial applications has led to growth in demand for fluorosurfactant.

The Middle East and Africa region has witnessed industrial growth and infrastructure development. The construction and oil and gas sectors play a significant role in driving the demand for fluorosurfactant in this region.

REGIONAL COVERAGE

North America

• US

• Canada

• Mexico

Europe

• Eastern Europe

  • Poland

  • Romania

  • Hungary

  • Turkey

  • Rest of Eastern Europe

• Western Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Netherlands

  • Switzerland

  • Austria

  • Rest of Western Europe

Asia Pacific

• China

• India

• Japan

• South Korea

• Vietnam

• Singapore

• Australia

• Rest of Asia Pacific

Middle East & Africa

• Middle East

  • UAE

  • Egypt

  • Saudi Arabia

  • Qatar

  • Rest of Middle East

• Africa

  • Nigeria

  • South Africa

  • Rest of Africa

Latin America

• Brazil

• Argentina

• Colombia

• Rest of Latin America

KEY PLAYERS

3M, the Chemours Company, DIC CORPORATION, Chemguard, Merck KGaA., Solvay, DYNAX, Maflo spa, Innovative Chemical Technologies, Alfa Chemicals., AGC SEIMI CHEMICALS CO.LTD, OMNOVA Solutions. Inc, and other key players mentioned in the final report.

Chemours Company-Company Financial Analysis

RECENT DEVELOPMENTS

Solvay- In 2021 Solvay announced the introduction of two new non-fluorosurfactant technologies, Tecnoflon® LX and Hylar® 5000S which will be produced at the company in New Jersey facility by 2021.