Sellbyville, DE -- (SBWIRE) -- 11/23/2018 -- Fluorotelomers market may surpass USD 700 million by 2023 according to this new research report. Strict regulatory norms along with rising environmental concerns pertaining to perfluorooctyl sulfonate may drive fluorotelomer market. Increasing awareness regarding fire safety along with regulatory compliance by EU Commission and EPA is likely to boost firefighting foams demand thereby contributing towards fluorotelomers industry growth.

Strong application potential in various end use industry such as textile, stain resistance, food packaging and firefighting foams may favor industry growth. Fluorotelomers biodegradable nature along with supporting regulatory guidelines regarding use in food contact packaging is likely to fuel product demand.

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Fluorotelomer alcohol market may exceed to USD 215 million by 2023. Growing demand in food packaging due to oil, water and grease repellent characteristics may favor industry growth. Environmental conscious consumer inclination towards bio-based packaging solution is likely to fuel product demand. It also finds application in carpet, waterproof clothing and swim wear as PFOS compounds replacement owing to stain resistance properties.

Key raw materials used in manufacturing includes chlorotrifluoroethylene, vinylidene fluoride, hexafluoro propene and tetrafluoroethylene. Stringent regulations regarding hazardous nature of these materials may result into supply deficit thereby affecting fluorotelomers market price trends. However, increasing R&D spending is likely to promote technological innovations in this sector thereby stimulating industry growth.

Asia Pacific fluorotelomers market driven by India, Japan, and China may poised to surpass USD 315 million at the end of 2023. Positive outlook towards textile industry due to rising demand in protective clothing may favor regional growth. Government initiatives and strict policies regarding fire safety is likely to have positive influence on regional industry growth.

North America led by Canada and U.S. fluorotelomers market may witness strong gains at over 12%. Growing protective and industrial safety clothing sales due to strict industrial safety norms along with fluorotelomers environmental compliance may drive regional industry growth.

Europe fluorotelomers market led by UK, France and Germany may witness steady gains with over 12% within forecasted timeframe. Stringent regulations by EU Commission pertaining to use of PFOS and PFOA based fluorosurfactants may propel regional industry growth.

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Fluorotelomers market from firefighting foam application may rise to 11.5% by 2023. Rapid industrialization along with increasing awareness regarding fluorotelomers biodegradable nature replacing PFOS in firefighting foams is likely to contribute towards product demand. Many Key players developing products for fast fire control and extinction may propel industry growth.

Global fluorotelomers market share is moderately fragmented and highly regularized. Major companies operating in this industry are DuPont, Daikin, Wilshire Tchnologies, Dynax, AGC Chemicals, Sigma Aldrich, Fluorynx, TCI, Archroma, Chemours Company and Fluorous Technologies.

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