Pune, India -- (SBWIRE) -- 04/20/2018 -- Fluorosurfactants Market- Competitive Landscape:
The Global Fluorosurfactants Market is a highly lucrative market driven by flourishing growth in packaging and petrochemical industry, along with the propelling textile industry. The Chemours Company (U.S.), The Dow Chemical Company (U.S.), The 3M Company (U.S.), Merck KGaA (Germany), and OMNOVA Solutions Inc. (U.S.) among others are some of the major players operating in this market. Most of these market participants are adopting the expansion, product launch, and merger and acquisition tactics to strengthen their production capacities and market position. Taking account of these trends the global Fluorosurfactants Market is projected to witness considerable competition over the forecast period of 2017-2023.
Asia pacific is expected to be the fastest growing region during the forecast years. The increasing Globalization and urbanization in the developing economies of the region has propelled the construction of residential and commercial infrastructure which is a dominant factor for the demand for fluorosurfactants in the paint and coatings in the region. Moreover, the lenient government regulations has resulted in the shifting of the fluorosurfactants market towards the developing economies of Asia pacific, in turn contributing positively to the market growth. Furthermore, the growing energy demand is also adding to the application of fluorosurfactants in oil field which is also adding substantially to the market.
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Industry/ Innovation/ Related News:
22 February, 2016- DIC added a new development to the existing product portfolio of pyrolytic fluorosurfactants. The new product MEGAFACE DS is expected to provide enhanced levelling and wetting properties. The product is anticipated to be highly applicable in the production of liquid crystal displays (LCD's) thereby adding to the existing consumer base.
Segment Analysis
The Global Fluorosurfactant Market has been segmented into types, application and end user industries. On the basis of application, the market has been divided into inks, paints & coatings, polymers, adhesives, waxes, polishes, oilfields, electronics, and others. Among these applications, paint & coatings have cover the largest market followed by adhesives, polishes, in automotive and consumer goods. Fluorosurfactants belongs to the class of paint & coating additives which improves the properties of preparations such as controlling foam, levelling, wetting, thermal stability, and also provides low surface tensions to coating area and also they are soluble with various polymers and stay dynamic during the curing and drying process.
Furthermore by the type Fluorosurfactants Market is segmented in to nonionic, anionic, amphoteric, and cationic, above all, the anionic Fluorosurfactant segment is predicted to be the leading type segment of the Global Fluorosurfactants Market. Anionic Fluorosurfactants have superb wettability and permeability features, and also provide better leveling quality to the applied area. Anionic Fluorosurfactants are extensively applied in paints & coatings applications due to having cleaning and lower surface tension as compared to the other types of Fluorosurfactant. Hence the increasing demand for paints & coatings is expected to growth the demand for anionic Fluorosurfactants worldwide.
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