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Rising demand for fluorotelomers in the food & beverage industry for packaging applications is anticipated to drive the growth of the Fluorotelomers Market.

HYDERABAD, TELANGANA, INDIA, November 1, 2022 /EINPresswire.com/ -- IndustryARC, in its latest report, predicts that The Fluorotelomers Market size is forecast to reach US$4.5 billion by 2027 after growing at a CAGR of 4.1% during 2022-2027. Globally, the rising applications of fluorotelomers in the textile & apparel industry across leather protectants jackets, knit shirts, jeans, and carpets are stimulating the demand of the fluorotelomers market. Additionally, fluorotelomer is also applied as coatings additives in the food & beverage industry. These are used on food contact paper in packaging applications to prevent the paper from absorbing oil from the food products. The report offers a complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.

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https://www.industryarc.com/Research/Fluorotelomers-Market-Research-503618

Key takeaways:

This IndustryARC report on the Fluorotelomers Market highlights the following areas -

1. The Asia Pacific dominates the fluorotelomers market owing to the rising growth and increasing investments in the textile & apparel industry. For instance, according to the Government of Canada, in 2021, the Minister of Innovation, Science, and Industry announced an investment of US$ 28.99 million in Meltech Innovation Canada Inc.

2. The increasing usage of fluorotelomers in the pharmaceutical & healthcare sector, for the production of PPE kits and masks, has been a critical factor driving the growth of the fluorotelomers market.

3. However, the toxicity of fluorotelomer alcohols can hinder the growth of the fluorotelomers market in the upcoming years.

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Segmental Analysis:

1. The stain repellents segment held the largest share in the fluorotelomers market in 2021. The gradual breakdown of fluorotelomers produces perfluorooctanoic acid (PFOA), PFOA offers stain, water, and grease resistance to many paper goods and fabrics, such as in clothing and food packaging.

2. Asia-Pacific region dominated the fluorotelomers market with a share of 35% in the year 2021. APAC region is one of the leading fluorotelomers producers globally, with China and India being the key consumers and suppliers. Fluorotelomers are used in firefighting foams, food packaging, stain repulsion, personal protective equipment (PPE), semiconductors, leather, paints, waxes, polishes, adhesives, photography, metal plating, and other applications.

3. The textile and apparel industry segment held the largest share in the fluorotelomers market in 2021 and is growing at a CAGR of 4.6% during 2022-2027. The growing usage of fluorotelomers in the textile & apparel industry due to their low cost and easiness in cleaning, dry cleaning, and washing, is forecasted to drive the fluorotelomers market during the forecast period.

Competitive Landscape:

The top 5 players in the Fluorotelomers Industry are -

1. AIKIN INDUSTRIES, Ltd.
2. Clariant
3. Archroma
4. DYNAX
5. AGC Inc.

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