 "Global fluorosurfactants market to reach $ 667 million by 2021")
The global fluorosurfactants market, valued at $ 382.6 million in 2015, is projected to reach $ 667.4 million by 2021, at a CAGR of 9.8 percent, according to the latest report of Markets and Markets.
The market will be driven by the better performance of fluorosurfactants in various application areas, such as paints & coatings and specialty detergents as compared to other surfactants, and the increasing demand for less toxic, short-chain fluorosurfactants due to stringent environmental regulations.
Paints & coatings segment is estimated to be the largest application segment of the fluorosurfactants market globally. Fluorosurfactants are used in paints & coatings owing to their better wetting and levelling properties as compared to other surfactants. The growth of the paints & coatings industry globally is driving the paints & coatings application segment of the fluorosurfactants market. The specialty detergents segment accounted for the second-largest market share.
By type, the anionic segment of the fluorosurfactants market is projected to grow at the highest CAGR during the forecast period. Anionic fluorosurfactants exhibit excellent wettability and permeability, besides providing better levelling. Anionic fluorosurfactants are widely preferred for paints & coatings. The growing demand in the paints & coatings application segment is expected to increase the demand for anionic fluorosurfactants globally. The nonionic segment is estimated to be the second-largest type segment of the fluorosurfactants market.
The Asia-Pacific region is expected to be the largest market for fluorosurfactants during 2016 to 2021. In 2015, North America was estimated to be the largest market for fluorosurfactants, in terms of volume. However, Asia-Pacific is projected to outgrow North America and Europe to become the largest market for fluorosurfactants during the forecast period. The shift of the fluorosurfactants market towards emerging economies owing to stringent regulations on emissions in developing economies is driving the Asia-Pacific fluorosurfactants market.
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