Fluorosurfactants are a type of
coating additive that improves qualities like wetting, leveling, regulating
foam, and thermal stability, as well as providing low surface tensions in
coating systems. Fluorosurfactants work as multifunctional additives to simplify
formulations for paints and coatings, especially those formulated with low- or
no-VOC chemistry. Fluorosurfactants are preferred over conventional hydrocarbon
surfactants in paint and coating applications because of their superior wetting
and leveling capabilities. As a result, its adoption is growing in the paint
and coatings industry. Fluorosurfactants Market size is forecast to reach US$936.8 million by 2026, after growing at a CAGR of 7.1% during 2021-2026.
Coatings on wood surfaces are mainly for
protective and decorative purposes. In recent years, manufacturers of wood
coatings have devoted their research and development resources to improving
waterborne coatings due to their huge environmental advantage. Waterborne
coatings offer finishers outstanding environmental benefits such as VOC
compliance, lower odor and fewer harmful organic vapors, lower flammability, a
safer and healthier workplace with fewer allergies and less skin irritation,
and reduced fire hazards. Along with these come economic advantages such as
lower insurance and storage costs, and lower hazardous waste disposal costs.
They also allow for application advantages such as the ability to use existing
application equipment to apply at varying thicknesses and reduced labor for
clean-up. Fluorosurfactants can be used in low-VOC latex architectural paints
as multi-functional additives to provide wetting, leveling, anti-blocking, oil
repellency and dirt pick up resistance properties. Compared to silicone
surfactants, fluorosurfactants have the most power to reduce surface tension in
water and water-based binders, especially in PUD resin. They also do not
cause recoatability issues in wood coatings, are low-foaming products, help
improve wetting and leveling in waterborne wood coatings.
Due to the pandemic, there was a
supply chain disruption in the global and local enterprises which were dealing
with the manufacturing of fluorosurfactants. Also, due to the coronavirus, the
production of fluorosurfactants experienced difficulties like untimely
deliveries of raw materials. Furthermore, the building and construction
operations came to a sudden halt, owing to which the demand for paints and
coatings subsequently decreased during the pandemic. In different areas, there a temporary suspension of building and construction activities was induced. For
instance, In Quarter 2 (Apr to June) 2020, construction production in Great
Britain dropped by a record 35.0 percent compared with Quarter 1 (Jan to Mar)
2020. In addition, a decline in business for at least five months during 2020
coupled with lower demand from a few major markets put pressure on the
profitability of fluorosurfactants manufacturers and vendors. All of these
factors limited the fluorosurfactants market growth during the outbreak.
However, due to the recapitulation of construction activities in various
countries, the demand for paints and coatings is estimated to rise in the
upcoming years, which will positively impact the fluorosurfactants market
growth. For instance, in June 2020, the Australian Government has announced the
“HomeBuilder initiative”, a time-limited grant program to help the residential
construction market to bounce back from the Coronavirus crisis. In addition to this substantial
investment in housing, the Government of Canada will also
provide $236.7 million through Reaching
Home: Canada's Homelessness Strategy to help extend and expand the emergency
response to the COVID-19 outbreak.
North America holds a major share
of the fluorosurfactants market owing to the increasing construction and
automotive industry in North American regions such as Canada, Mexico, and the United
States, which is accelerating the demand for paints and coatings in the region.
According to the US Census Bureau, privately-owned housing starts in November
were at a seasonally adjusted annual rate of 1,547,000. This is 1.2 percent
(8.5%) more than the revised October estimate of 1,528,000, and 12.8 percent
(11.3%) higher than the November 2019 rate of 1,371,000. The National Housing
Strategy (NHS), a 10-year plan, was launched in November 2017. With a $40
billion investment, the proposal will provide housing for 530,000 families and
reduce chronic homelessness by half, boosting Canada's residential sector. According
to the International Trade Administration (ITA), with USD 99 billion in annual
revenues, Mexico is the fifth-largest producer of auto parts worldwide. The electric,
plug-in, and hybrid vehicle market reached 25,608 units in 2019, representing a
43.8 percent growth compared to 2018. Thus, it is anticipated that the
increasing construction and automotive industry in North America, the demand
for paints and coating will also gradually rise, which will then boost the fluorosurfactants
market growth in the region during the forecast period.
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Fluorosurfactants Market Growth Drivers:
- New paint formulations are required to meet low-VOC regulations
The
focus of interior latex paint performance has been on improved hiding power,
scrub resistance and color acceptance properties. Driven by regulatory
initiatives, new paint formulations are required to meet low-VOC regulations.
These regulations have forced paint formulators to seek practical solutions to
overcome additional challenges, such as poor wetting, flow, foaming, block
resistance and stain resistance that result from the reduction in VOC content
in paints. Easy-clean and stain resistance are not only highly desired by
consumers, but these properties can also extend paint service life and reduce
recoat cycles for environmental protection. Stains that adhere to interior
latex paint films are divided into two groups: hydrophilic and hydrophobic.
Hydrophilic stains, often called common household stains, include soy sauce,
tea, coffee, red wine, colored markers, etc. Hydrophobic stains mainly come
from oily hands or fingerprints typically found around door frames and light
switches. Other hydrophobic stains are crayons, pencils, or tomato sauce.
Hydrophobic stain washability depends largely on additives if the binder type
and PVC level are set. Fluorosurfactants (FS) have proven to be the only
chemical in the additive class that can provide oil resistance through
migration to the paint surface when the paint is wet, and cure into it when the
paint is dry. Due to latex paint formulation complexity, simply adding a
fluorosurfactant to the formulation is less effective than using it to optimize
the total formulation.
- R&D Investment:
Researchers and companies are
heavily investing in the research and development of fluorosurfactants to
increase its applications. For instance, in February 2016, The MEGAFACE
DS line of pyrolytic fluorosurfactants was developed by DIC Corporation. The
fluoro groups in pyrolytic fluorosurfactants dissociate as a result of thermal
processing. The MEGAFACE DS line of goods features ground-breaking proprietary
solutions that take advantage of essential organic molecular design and polymer
design technologies that have been developed over many years.
The Major Players in this Market Include
The major companies in the fluorosurfactants market include Chemours, 3M Company, Merck, DIC Corporation, Omnova, Maflon, Advanced Polymer, Inc., The Dow Chemical Company, and Chemguard. The key focus of the companies has shifted towards product launch.
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