Fluorosurfactant Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 704.12 Million |
| Market Size (2029) | USD 912.43 Million |
| CAGR (2024 - 2029) | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Fluorosurfactant Market Analysis
The Fluorosurfactant Market size is estimated at USD 704.12 million in 2024, and is expected to reach USD 912.43 million by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
The fluorosurfactant market was negatively impacted by the COVID-19 pandemic as there was a slowdown in production and mobility wherein industries, such as paints and coatings, detergents, etc., were forced to delay their production due to containment measures and economic disruptions. Currently, the market has recovered from the pandemic. The market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.
The fluorosurfactant market is expected to grow during the forecast period owing to the increasing demand from the paints and coatings industry.
On the flip side, higher price when compared to hydrocarbon and silicone-based surfactants, is hindering the market growth.
Further, the use of fluorosurfactants in electronic coatings, owing to their high stability to aggressive chemicals, high dielectric strength, etc., is predicted to generate a market opportunity during the forecast period.
Asia-Pacific region dominates the market across the globe, with the largest consumption from countries such as China, India, and Japan.
Fluorosurfactant Market Trends
Growing Demand from the Paints and Coatings Industry
- Fluorosurfactants are amphiphilic molecules that have hydrophobic and hydrophilic parts. The hydrophobic tail is a fluorocarbon, and the hydrophilic part is characterized based on charge.
- Surfactants, often called surface-active agents, lower the surface tension between a liquid and a gas, or between a liquid and a solid, or between two immiscible phases. This lowers the surface tension of a coating, thus offering a smoother and excellent finish.
- Fluorosurfactant improves pigment and substrate wetting and leveling characteristics and provides high open time. Because of the high electronegativity of fluorine and the highly stable bond between fluorine and carbon atoms, fluorosurfactants are more stable, suitable for various conditions, and are more favored than other surfactants.
- In the United States, according to the US Census Bureau, the value of private construction in 2022 stood at USD 1,434.2 billion, 11.7% higher than USD 1,279.5 billion in 2021. Residential construction spending in 2022 was USD 899.1 billion, up 13.3% from USD 793.7 billion in 2021. Thus, the growing construction activities are anticipated to fuel the market growth.
- Further, China’s paints and coating industry has outperformed the rest of the world in terms of volume growth over the last 30 years. Rapid urbanization during this time has boosted the domestic architectural coating sector to new heights owing to increasing construction activities.
- According to the National Bureau of Statistics of China, China's construction output peaked in 2022 at a value of about CNY 31.20 (~USD 4.61 trillion). As a result, these factors tend to increase the market demand.
- Moreover, Germany has the largest construction industry in Europe. The country's construction industry has been growing slowly, which is majorly driven by the increasing number of new residential construction activities. The country is home to the continent’s largest building stock and is expected to continue in the foreseeable future. Germany aims to have an almost climate-neutral building stock by 2050 as part of its ongoing transition to a sustainable energy system.
- Owing to all the factors mentioned above, its market is expected to grow rapidly over the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market for fluorosurfactants during the forecast period due to an increase in demand from countries like China, India, and Japan.
- Fluorosurfactants are widely used in the paints and coatings industry. The increase in demand for paints and coatings in building and construction in the Asia-Pacific region is expected to drive the market.
- China hosts a vast construction sector owing to the rising demand from e-commerce, office space requirements, etc. This has resulted in increased commercial construction in China. For example, China is one of the leading countries concerning the construction of shopping centers. China has almost 4,000 shopping centers, while 7,000 more are estimated to be open by 2025. Thereby supporting the market growth during the forecast period.
- Furthermore, India is expanding its commercial sector. Several projects have been going on in the country. For instance, the CommerzIII Commercial Office Complex construction worth USD 900 million started in Q1 2022. The project involves the construction of a 43-story commercial office complex with a permissible floor area of 2,60,128 square meters in Goregaon, Mumbai. The project is expected to be completed in Q4 2027, thus benefitting the market growth during the forecast period.
- Apart from paints and coatings, fluorosurfactants are widely used in the oil and gas sector. According to the Ministry of Petroleum and Natural Gas (India), the production volume of petroleum products in the country was more than 254.3 million metric tons in 2022, reflecting an increase of more than 8% compared to 233.5 million metric tons in 2021. This, in turn, is likely to support the market growth.
- All the factors mentioned above are likely to fuel the growth of the Asia-Pacific fluorosurfactants market over the forecast period.
Fluorosurfactant Industry Overview
The fluorosurfactant market is partially fragmented in nature. The major players in the studied market (not in any particular order) include 3M, Innovative Chemical Technologies, DIC CORPORATION, The Chemours Company, and Alfa Chemicals, among others.
Fluorosurfactant Market Leaders
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3M
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Innovative Chemical Technologies
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Alfa Chemicals
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The Chemours Company
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DIC CORPORATION
*Disclaimer: Major Players sorted in no particular order
Fluorosurfactant Market News
- December 2022: 3M announced the exit of per-and polyfluoroalkyl substance (PFAS) manufacturing. The company will discontinue the use of PFAS across its product portfolio by the end of 2025.
- March 2022: Alfa Chemistry launched a wide range of fluoro surfactants, which include amphoteric surfactants, anionic surfactants, cationic surfactants, non-ionic surfactants, natural surfactants, and others.
Fluorosurfactant Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing Demand From the Paints and Coatings Industry
- 4.1.2 Increasing Application of Flurosurfactants in Oil Field
- 4.1.3 Other Drivers
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4.2 Restraints
- 4.2.1 Higher Price Compared to Other Surfactants
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
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5.1 Type
- 5.1.1 Anionic
- 5.1.2 Cationic
- 5.1.3 Non-ionic
- 5.1.4 Amphoteric
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5.2 Application
- 5.2.1 Paints and Coatings
- 5.2.2 Detergents and Cleaning Agents
- 5.2.3 Oil and Gas
- 5.2.4 Flame Retardants
- 5.2.5 Adhesives
- 5.2.6 Other Applications (Automotive, Electronics, etc.)
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 3M
- 6.4.2 Alfa Chemicals
- 6.4.3 CYTONIX
- 6.4.4 DIC CORPORATION
- 6.4.5 DYNAX
- 6.4.6 Innovative Chemical Technologies
- 6.4.7 MAFLON S.p.A.
- 6.4.8 Merck KGaA
- 6.4.9 TCI EUROPE N.V.
- 6.4.10 The Chemours Company
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Rising Use of Fluorosurfactants in Electronics Sector
- 7.2 Other Opportunities
Fluorosurfactant Industry Segmentation
Fluorosurfactant is a surfactant with a fluorocarbon chain as a non-polar group (fluorine atom), which partially or completely replaces the hydrogen atoms on the hydrocarbon chain. Fluorocarbon surfactants have high surface activity and high thermodynamic and chemical stability. These are highly used in the paint and coatings industry in a variety of applications. They are used in many different types of coatings, such as interior and exterior, wood coatings, etc. Also, they are used as additives to help wetting different surfaces.
The fluorosurfactant market is segmented by type, application, and geography. By type, the market is segmented into anionic, cationic, non-ionic, and amphoteric. By application, the market is segmented into paints and coatings, detergents and cleaning agents, oil and gas, flame retardants, adhesives, and others (automotive, electronics, etc.). The report also covers the market size and forecasts for the market in 15 countries across the globe.
For each segment, the market sizing and forecasts have been done on the basis of value (USD).
| Type | Anionic | |
| Cationic | ||
| Non-ionic | ||
| Amphoteric | ||
| Application | Paints and Coatings | |
| Detergents and Cleaning Agents | ||
| Oil and Gas | ||
| Flame Retardants | ||
| Adhesives | ||
| Other Applications (Automotive, Electronics, etc.) | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Fluorosurfactant Market Research FAQs
How big is the Fluorosurfactant Market?
The Fluorosurfactant Market size is expected to reach USD 704.12 million in 2024 and grow at a CAGR of greater than 5% to reach USD 912.43 million by 2029.
What is the current Fluorosurfactant Market size?
In 2024, the Fluorosurfactant Market size is expected to reach USD 704.12 million.
Who are the key players in Fluorosurfactant Market?
3M, Innovative Chemical Technologies, Alfa Chemicals, The Chemours Company and DIC CORPORATION are the major companies operating in the Fluorosurfactant Market.
Which is the fastest growing region in Fluorosurfactant Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Fluorosurfactant Market?
In 2024, the Asia Pacific accounts for the largest market share in Fluorosurfactant Market.
What years does this Fluorosurfactant Market cover, and what was the market size in 2023?
In 2023, the Fluorosurfactant Market size was estimated at USD 670.59 million. The report covers the Fluorosurfactant Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Fluorosurfactant Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Fluorosurfactant Industry Report
Statistics for the 2024 Fluorosurfactant market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Fluorosurfactant analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
