Elemental Fluorine Market - Global Outlook and Forecast 2021-2027
Market Segmentation:
The global elemental
fluorine market has been segmented
based on form, application, and region. By application, the global market
has been divided into metallurgy; glass & ceramics manufacturing;
electronics & semiconductor; polymer manufacturing & processing; nuclear
fuel; and others. The metallurgy segment accounted for the largest market share
and is expected to register the highest CAGR during the forecast period. The
growth is attributed to its increasing demand from the metal industry. The
segment is expected to hold more than one-third of market value share and is
expected to continue the same trend during the forecast period. However, the
nuclear fuel segment is also expected to add to the growth of the global market
and is expected to register a moderate CAGR during the review period.
Based on form, the global market has been divided into
α-Fluorine and β- fluorine. The α-Fluorine segment accounted for the largest
market share of the global elemental fluorine market in terms of volume and
value owing to its excellent properties. The β- fluorine segment is expected to
witness moderate growth in the global elemental fluorine market owing to its
increasing application in the metallurgy and nuclear fuel.
Competitive Analysis
Some
of the key players operating in the global elemental fluorine market are
Pelchem SOC Ltd (South Africa), Kanto Denka Kogyo Co., Ltd (Japan), The Linde
Group (Ireland), Solvay S.A (Belgium), Navin Fluorine International Ltd
(India), Air Products & Chemicals, Inc (US), and Advance Research Chemical
Inc (US), among others
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Regional Analysis
The global elemental fluorine market has been classified into
North America, Europe, Asia Pacific, Latin America, and the Middle East &
Africa. Asia-Pacific is expected to hold the largest share of the global
elemental fluorine market on account of the growth of the end-user industries
in the region, especially the metallurgy, sulfur hexafluoride manufacturing,
and nuclear fuel. China is expected to hold more than two-third of the market
value share in the Asia Pacific market.
North America and Europe are expected to be the prominent
markets for elemental fluorine due to the increasing demand in the chemical
industry. The regional markets are expected to witness high demand during the
forecast period. The Latin American and the Middle East & African markets
are likely to register moderate growth during the review period as a result of
the growing end-user industries in the regions.
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