The Global Fluorosurfactant Market Growth Accelerated By Increasing Adoption For Oil And Gas Operations

 

Fluorosurfactant Market 

Fluorosurfactants are surface active agents that contain fluorocarbon groups. They are mainly adopted in oil and gas operations owing to their advantages such as high thermal and chemical stability and ability to repel water and oil. Fluorosurfactants are used in enhanced oil recovery operations, drilling, and completion fluids. The global fluorosurfactant market is estimated to be valued at US$ 622.39 mn 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:
Increasing adoption for oil and gas operations is one of the key trends contributing to the growth of fluorosurfactant market. Fluorosurfactants are significantly used in the oil and gas industry owing to their properties such as oil-water repellency and high thermal and chemical stability. They are used in enhanced oil recovery operations, where fluorosurfactants help recover oil from reservoirs by lowering the surface tension between oil and formation water. They also find usage in drilling and completion fluids, where fluorosurfactants provide better efficiency during drilling and completion processes by lowering the interfacial tension between the fluids and rock formations. Growing oil and gas operations across the world is thus expected to propel the demand for fluorosurfactants over the forecast period.
Segment Analysis
The global fluorosurfactant market is dominated by fluoroalkyl sulfonate and its segment accounted for around 45% of the total market share in 2022. Fluoroalkyl sulfonate have wide applications in paints & coatings, firefighting, paper treatment, textiles, pesticides and are one of the most commonly used surfactants owing to its excellent properties such as chemical inertness, thermal stability and hardness.

Key Takeaways
The global fluorosurfactant market analysis is expected to witness high growth over the forecast period of 2023 to 2030. Regional analysis indicates that Asia Pacific region is growing at the fastest rate primarily due to expanding end-use industries such as automotive manufacturing, construction activities in China and India. The market in North America and Europe is also growing owing to stringent regulatory policies regarding potable water contamination.

Key players operating in the fluorosurfactant market are DuPont, The Chemours Company, DIC Corporation, Advanced Polymer Inc., Asahi Glass Co Ltd., Merck KGaA. Increasing demand from water and oil repellent coatings is driving these key players to expand their production capabilities and develop new product variants.

Regional analysis indicates that Asia Pacific dominates the global market with around 35% share majorly attributable to thriving construction and automotive manufacturing industries in China and India. Stringent environmental regulations regarding the use of per-and polyfluoroalkyl substances (PFAS) in Europe and North America are fueling product innovation in development of short-chain and PFAS-free fluorosurfactants.

 

 Get more insights on this topic: https://www.newswirestats.com/fluorosurfactant-market-industry-insights-trendsfluorosurfactant-market-2023-2030/

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