As per our research report, the global Fluorotelomer Olefins Market size is estimated to be growing at a CAGR of 12.4% from 2023 to 2030.
The phrase "fluorotelomer olefin" refers to a class of alkenes having the general formula F(CF2CF2)nCH=CH2. Fluorotelomers are mostly made by polymerizing fluorocarbon-based telomers or oligomers. Many perfluorinated carboxylic acids, including PFOA and PFNA, are derived from fluorotelomers and the substances based on them. Fluorotelomers and their derivatives are used as raw materials to create perfluorinated carboxylic acids that are environmentally resilient.
The COVID-19 pandemic had a detrimental effect on the world market for fluorotelomer olefins. The food, beverage, and chemical sectors were heavily damaged by the COVID-19 epidemic in 2020. This can be attributed to significant interruptions in their production and supply networks caused by several preventative lockdowns. Business organizations had to contend with several issues, including a shortage of raw materials, skilled personnel, and a temporary halt to operations. Additionally, because the overall economic status of the majority of people has been severely hit by this outbreak, consumer demand declined as a result of individuals being more inclined to eliminate non-essential items from their budgets. However, over the second half of 2020, this market has rebounded. As the pandemic-related manufacturing of PPE kits, gloves, masks, equipment, and other products expanded, the demand for fluorotelomer olefins in medical applications remained constant.
Food and beverage packaging often makes use of fluorotelomer olefins. Fluorotelomers are used for food contact paper in packaging applications to prevent the paper from absorbing oil from food products. Fluorotelomers are also used as coating additives in fast food wrappers, pizza box liners, and popcorn bags. Different packaging methods have been created to satisfy the needs of packaged items for comfort, convenience, safety, and freshness. Due to the rise in popularity of microwave bags, confectionary, and box packaging, fluorotelomers have been utilized increasingly frequently in place of dangerous fluorocarbon. The growing food and beverage sector will probably result in a rise in the need for packaging solutions.
The development of technology in specialized sectors including pharmaceuticals, liquid crystal additives, textiles, surfactants & repellents, and electronics may lead to an increase in the market for fluorotelomers. These products have the purpose of treating fabrics to strengthen their stain resistance against substances like chemicals, solvents, and dust. Telomers can offer protective surface finishes to textile items like surgical drapes and gowns in addition to shielding people from fluid-based infections. The production of PPE kits, masks, and other equipment will likely require more fluorotelomers in the future due to rising government spending on healthcare.
Fluctuating costs for raw materials have a considerable influence on the market for fluorotelomer olefins. The price of raw materials rises in lockstep with the cost of olefin manufacture. The overall expenses for the producers may increase as a result. The changing prices of the raw materials required in the manufacturing of olefins might thus be a hindrance to their commercial expansion. Fluorotelomer olefin alternatives such as tungsten disulfide and nanoparticle-based lubricants may hinder the growth of the worldwide market for them.
Consumers' rising worries about the environment and their health may limit industry growth. Due to strict environmental regulations controlling the extraction and processing of crude oil byproducts, the sector continues to confront major obstacles. Some crucial raw ingredients, such as vinylidene fluoride, tetrafluoroethylene, chlorotrifluoroethylene, and hexafluoropropene, may not be produced or used due to possible risks. This might affect the price trend for fluorotelomers, as well as a potential shortage. For instance, the EPA and the US eventually ceased using refrigerant mixes containing hexafluoropropene under 64 FR 3865. Tetrafluoroethylene has been designated as harmful by the Department of Health and Human Services under the National Toxicology Program. Due to its acute toxicity, chlorotrifluoroethylene is detrimental to human health. All of these fundamental components are extremely poisonous and detrimental to both human health and the environment.
Based on the application, The use of food packaging is anticipated to expand during the forecasted period. Due to their grease resistance, these items are ideal for use as pizza box liners, microwave popcorn bags, candy wrappers, and fast food wrappers. fluorotelomers are utilized in industrial, chemical, and military firefighting foams. The demand for firefighting foams is expanding as a result of the increased number of fire hazards and strict construction norms and regulations enacted in emerging economies.
Based on the region, it is anticipated that the North American Fluorotelomer Olefins market will account for the highest share of the market during the forecast period. The Asia Pacific Fluorotolemer Olefins market is anticipated to expand at the highest growth rate during the forecast period.
Companies playing a leading role in the global Fluorotelomer Olefins market profiled in this report are Wilshire Technologies, DuPont, TCI Chemicals, Fluorous Technologies, and Fluoryx Inc.
Fооd Расkаgіng
Fluorosurfactants & Coating Additives
Textiles
Others
North America
Europe
Asia-Pacific
South America
Middle East and Africa
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