Elemental Fluorine Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
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 Elemental Fluorine 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.
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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.
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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