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Global fluorosurfactants market is expected to have a CAGR of 10.2% during the forecast period 2016-2023. The market has been expanding due to factors such as huge application across major end user industries, better performance than hydrocarbon surfactants and increasing demand for short-chain surfactants. Moreover, increasing EOR activities is also enhancing the demand for fluorosurfactants market. Surfactants are broadly utilized in oil recovery for foam generation, reservoir wetting, emulsion stabilization, particle dispersion, and various other applications. Though the application of fluorosurfactants is recent but increasing trend owing to the exceptional oleophobic and hydrophobic nature of the perfluoroalkyl and perfluoroalkyl ether segments, the fluorosurfactants effectiveness at enormously low concentrations as well as the presence of amphoteric, anionic, cationic, non-ionic fluorosurfactants can modify surfaces and interfaces well as compared to conventional hydrocarbon surfactants. This increased adoption is driven due to following factors:
Application across major industries:
Fluorosurfactants are very effective in enhanced oil recovery techniques such as in improving subterranean wetting and in modifying the surface properties of the reservoir formation. Increasing demand of petroleum and benefits of fluorosurfactants has also increased the demand for fluorosurfactants in the petroleum industry. Petroleum is a vital energy source across the globe, majorly for transportation. In 2008, U.S. Department of Energy estimated global consumption of “liquids and other petroleum increased from 83.6 million barrels oil equivalent each day in 2005 to 95.7 million barrels each day in 2015 (+14%) and 112.5 million barrels each day by2030 (35%). The burden of enhancing oil demand and limited proven oil reserves as well as forecasts for shrinking oil supply are boosting the demand to increase the extraction of the Original Oil In-Place (OOIP) for each reservoir, which is expanding the development of EOR (Enhanced Oil Recovery) technologies. The crude oil and gas production happens in three different stages. The primary Oil Recovery combines the natural burden of the reservoir through pumping equipment to convey the oil to the surface that usually generates only up to approx. 10% of the OOIP. Amongst Secondary Oil Recovery, gas or water (i.e. natural gas, air and carbon dioxide) is added into the reservoir by utilizing pressure for pouring the oil to a wellbore, recovering further 20% to 40% of the OOIP. In addition, for foam injection EOR, the fluorosurfactants have the exceptional benefit to produce foam that is constant in touch with the crude oil, while absorbing and transporting oil by the subterranean formation. Due to these factors, the global fluorosurfactants market is expected to have a CAGR of approximately 10.2% during the forecast period.
Increasing use of EOR techniques increase the demand for fluorosurfactants in the market. However, there are some factors restricting the market demand such as high cost of fluorosurfactants and stringent environmental regulations. And the challenges faced by the market are high capital investment and development of eco-friendly products. The market has high opportunity scope due to the rising automotive industry and increasing demand from paints & coatings industry. .
Source: OBRC Analysis
Global fluorosurfactants market has been segmented based on applications and types. On the basis ofapplication, the market is further segmented into:
According to type, the market is further segmented into:
The revenue for the above application segments are specific to the global fluorosurfactants market. However, the total revenue of these applications in general has been excluded from the scope of the report.
Geographically, the global fluorosurfactants market is segmented into:
Geographically, North America & Europe together occupy majority of the share in fluorosurfactants market, owing to increasing demand from paints & coatings and automotive industries. Asia Pacific has the fastest growth rate for the market coupled with high demand for fluorosurfactants in China and India with rapid growth in construction industry. Among application segment, the paints & coatings segment were held major share in 2015 owing to their better levelling and wetting properties as compared to various surfactants. The rise of the paints & coatings industry worldwide is also driving the paints & coatings segment in the market. Among type, anionic segment is expected to grow with the largest CAGR in the forecast period. This shows better permeability and wettability as well as further offering better levelling. Anionic fluorosurfactants are broadly used in paints & coatings industry. Thus, growing demand in the paints & coatings segment is further expected to increase the demand for the segment globally. Furthermore, the non-ionic segment is expected to be the second major type segment in the market owing to its high benefits in EOR techniques such as deterring water blocking, well capillary wetting and altering the wetting features of the sandstone.
The major market players of the global fluorosurfactants market are:
Detailed analysis of these companies provided in this report comprises of overview, SCOT analysis, product portfolio, strategic initiative and strategic analysis.
The presence of major players also makes the market attractive for end users due to innovations and efforts by such players. These companies used various strategies such as mergers & acquisition, product launches etc. to expand market share to gain competitive advantage across the globe. For instance: On February 2016, DIC developed an advanced series of pyrolytic fluorosurfactants. It was one in which fluoro sets dissociate because of thermal processing. The MEGAFACE DS collection included ground-breaking proprietary products that enhance major polymer design and organic molecular technologies refined over many years.
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At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global fluorosurfactants market offers the longest chain of market segmentation covering major market segmentation based on type and application. The report tracks the major market trends in the global market such as growing demand from petroleum industry and so on. For each market segments covered in global fluorosurfactants market report, we provide opportunity matrix, and DROC analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the fluorosurfactants industry, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360-degree analysis, See Saw analysis, and Porter five force model and so on. For the high-level analysis in the report we provide a comparative analysis of historic and current year data.
Key findings of the global fluorosurfactants market: