Elemental Fluorine Market 2021 by Manufacturers, Regions, Type and Application, Forecast to 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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