by Fluorosurfactants are a type of surfactant that contains fluorine groups, which provide exceptional surface activity and oil repellency properties. Fluorosurfactants are widely used to provide water and oil repellency in paints and coatings. They find applications in architectural and industrial coatings to impart oil and water resistance to substrates such as masonry, concrete and metal. Fluorosurfactants provide long-lasting protection against weathering and corrosion. The growing construction industry has increased the demand for architectural coatings, which in turn is driving the consumption of fluorosurfactants in the paints and coatings application.
The global Fluorosurfactant Market is estimated to be valued at US$ 622.39 million in 2023 and is expected to exhibit a CAGR of 4.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the fluorosurfactant market is the growing demand from the agrochemical industry. Fluorosurfactants are increasingly being used in agrochemical formulations such as pesticides and herbicides to improve the spreading and retention properties of active ingredients on leaf surfaces. They help increase the surface coverage and penetration of agrochemicals, thereby improving their efficacy. The rising need to increase agricultural productivity is propelling the demand for advanced agrochemicals incorporating fluorosurfactants. Additionally, growing environmental regulations regarding the use of harmful surfactants are further augmenting the replacement of conventional surfactants with eco-friendly fluorosurfactants in agrochemical applications.
Porter’s Analysis
Threat of new entrants: Low barrier of entry in this market due to easy availability of raw materials and technology, however established brands have strong brand recognition and distribution network.
Bargaining power of buyers: Moderate as buyers have many established suppliers to choose from but suppliers differentiate through product quality and innovation.
Bargaining power of suppliers: Moderate to high as key raw materials suppliers dominate the market.
Threat of new substitutes: Low threat as fluorosurfactants have unique properties not substitutable by other existing substitutes.
Competitive rivalry: High as the major players compete on the basis of pricing, product differentiation and expansion to new application segments.
Key Takeaways
The global fluorosurfactant market size is expected to witness high growth over the forecast period. Regional analysis: Asia Pacific region dominates the market currently due to presence of major manufacturers and growing end use industries. It is also expected to witness fastest growth over the forecast period.
Key players: Key players operating in the fluorosurfactant market are DuPont, 3M, Advanced Polymer, DIC Corporation, and AGC. DuPont and 3M are the global leaders in production of fluorosurfactants.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
