The report of Elemental Fluorine Market by Form (α-Fluorine and β- Fluorine), Application (Metallurgy, Glass & Ceramics, Electronics & Semiconductor, Polymer & Processing, Nuclear Fuel, and Others), and Region (North America, Asia Pacific, Europe, South America, and Middle East & Africa) is expected to reach around US$ XX Mn by 2027, at a CAGR of XX% during the forecast period.
Many end-use applications like electronics & semiconductors, metallurgy, ceramic manufacturing, polymer manufacturing, and glass. Elemental fluorine is generally used in the manufacturing of uranium hexafluoride, the element which is used in the manufacturing of nuclear reactors as fuel through the uranium enrichment process. With the demand from the last few years ago for fuel manufacturing, the conversion plant rate is running above 80% capacity and is expected to reach 90% during the estimated period.
Fluorine containing polymers are highly valued for their significant properties. The well-known examples are polytetrafluorethylene (PTFE) and polyvinylidene fluoride (PVDF). Fluorinated organic compounds are also used as Electrolyte in Lithium-ion batteries, Solvents, Surfactants, Pharmaceuticals, Pesticides, Lubricants, Blood substitutes, Insecticides, Starting material for organic synthesis. Also, increasing on-site elemental fluorine gas production and growing end-use applications are expected to generate new opportunities for the producers during the forecast period.
On the other hand, there are some factors which can hinder the market growth such as handling & storage of elemental fluorine, and transportation. As Fluorine is a highly toxic gas every effort must be made to avoid contact with personnel and environmental releases and these in turn hamper the market growth.
By form segment, the α-Fluorine segment accounted for the largest market share of the global elemental fluorine market in terms of value in 2019, because of its excellent properties. The β- fluorine segment is expected to witness enough growth in the global elemental fluorine market, on account of its increasing application in the metallurgy and nuclear fuel.
Region-wise, Asia Pacific held the largest market share of the global market in 2018. Because of the rapid growth of the end-user industries in the region, like metallurgy, sulfur hexafluoride manufacturing, nuclear fuel, and the polymer & plastic industries among Asian countries are expected to produce a conducive environment for the growth of the Asia Pacific elemental fluorine market in the future. China is expected to hold over two-third of the market share in the Asia Pacific market.
Key players operating in the Elemental Fluorine market are Pelchem SOC Ltd., Kanto Denka Kogyo Co., Ltd., The Linde Group, Solvay S.A, Navin Fluorine International Ltd., Air Products & Chemicals, Inc., Advance Research Chemical Inc., and Others.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Elemental Fluorine Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Elemental Fluorine Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Elemental Fluorine Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Elemental Fluorine Market.”
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