The global fluorotelomers market size is expected to reach US$ 1,510.0 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of more than 11% between 2019 and 2029. According to the report, the rising demand for efficient and environmentally friendly food packaging technologies will stoke growth in the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
It includes in-depth insights into the fluorotelomers market Some of these are:
- The estimated value of the market was at US$ 513 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
- Regionally, the Asia Pacific and North America have emerged as a key market for fluorotelomers.
- Fluorotelomers iodide, fluorotelomers alcohol, and fluorotelomers acrylate are key products available in the market.
- Among products, fluorotelomers alcohols are expected to witness considerably high demand over the forecast period.
Developments in Specialized and Niche Applications Create Opportunities for Expansion
The increasing application of fluorotelomers in niche industries such as metal plating, photography, and semiconductors will stoke the growth of the market. In the coming years, the market is expected to benefit from technological advancements. With younger consumers demonstrating keenness for fluorotelomers, the market is expected to record a strong rate of growth in the coming years.
“The presence of strong textile industry will back the growth of fluorotelomers market in Asia Pacific. In addition to this, the market will witness high demand because of the environment-friendly characteristics of fluorotelomers,” said a lead analyst at FMI.
Increasing Application in Food Packaging will Drive Growth
Despite being at a nascent stage, the fluorotelomers market is witnessing impressive growth. The rising demand across various end-users will boost the market. For instance, fluorotelomers are used as a coating in food packaging. Considering this, the increasing demand for ready-to-eat foods will have a positive impact on the overall market. Additionally, the market will gain from the rising demand from the textile industry.
