San Francisco, CA (PRWEB) April 07, 2014
The global market for fluorotelomers is expected to reach USD 539.3 million by 2020, according to a new study by Grand View Research, Inc. Increased use of fluorotelomers in fire fighting foams and textiles is expected to drive demand over the next six years. The market is still in the nascent stage and is expected to gain significant share over the forecast period on account of substitution of other flurocarbons.
These products are preferred on account of their non toxic nature and the fact that they do not bio-accumulate in animals. Fluorotelomer alcohols such as TEOH-4 and TEOH-6 were the largest consumed product segment in 2013 and accounted for over 30% of global consumption. Fluorotelomer iodide is expected to be the fastest growing product segment at an estimated CAGR of 13.1% from 2014 to 2020.
The report “Fluorotelomers Market Analysis and Segment Forecast To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/fluorotelomers-market
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Further key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the global fluorotelomers market on the basis of application, product and region:
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