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Elemental fluorine is a gas that is highly toxic and reactive in nature. Its prime application is to manufacture fluorides and is also used across various end-use applications such as metallurgy, production of polymers, glass, and ceramics. Moreover, it is also used in the manufacturing of uranium hexafluoride, which is further used in the creation of nuclear reactors as fuel.

The Global Elemental Fluorine Market is projected to surpass US$ 1,418.4 million by the end of 2028, in terms of revenue, growing at CAGR of 7.1% during the forecast period (2021 to 2028).

Drivers

The growing end-use application of the Uranium Hexafluoride (UF6) is projected to stimulate the market growth of the elemental fluorine. According to WNA (World Nuclear Association), the world nuclear capacity is set to continue to grow for the fulfillment of increasing demand for nuclear fuel in the upcoming years. Also, the demand for uranium will increase considerably by the end of 2030 at an optimistic CAGR of 4.2%. It was approximately 334 GWe in 2013 and will reach 700 GWe by 2030, to meet the growing demand for uranium hexafluoride globally.

Increasing end-user application of the Sulphur Hexafluoride (SF6) is propelling the market growth of the elemental fluorine. It is a powerful greenhouse gas and absorbs infrared radiation. Moreover, Sulphur Hexafluoride (SF6) has an extremely long atmospheric life span, and majorly finds application in the production of the manufacturing of electrical equipment.

Asia Pacific held dominant position in the global elemental fluorine market in 2020, accounting for 41.9% share in terms of revenue, followed by Europe and North America, respectively. As a result of high demand for elemental fluorine in the cleaning process in Asia pacific region.

Figure 1. Global Elemental Fluorine Market, Revenue Share (%), By Region, 2020

Elemental Fluorine  | Coherent Market Insights

Market Restraints

The complex manufacturing process of the elemental fluorine is expected to hinder the market growth. Hydrofluoric acid is corrosive in nature and if comes in direct contact it can cause painful wounds on the human body. Thus, the highly toxic and reactive property of the elemental fluorine is expected to restrict the market growth over the forecast period.

Also, it is hazardous to handle and transport at workplace as it must be handled only by qualified and well-trained personnel. All the protective equipment must be worn during the handling of elemental fluorine. Such factors are limiting the use of the fluorine and this is restricting the market growth over the forecast period.

Market Opportunities

Robust growth in the global electronics and semiconductor industry is projected to bring new market opportunities. According to the Coherent Market Insights analysis, the global electronics market is expected to increase at a CAGR of 5.0% in the coming years. Asia in the global electronics market is expected to grow with a CAGR of 7.0%, followed by Australia, New Zealand, and Africa with a CAGR of 5.0% in each country. Hence, growth in the electronics and semiconductor industry will favor the market growth of the elemental fluorine.

The growing use of organic fluorine in chemicals such as electrolytes and solvents in lubricants and pesticides is expected to provide lucrative opportunities in the near future. Also, the growing demand for elemental fluorine in organic synthesis reactions is again projected to foster market growth. The market of the elemental fluorine is also expected to gain tremendous growth on the account of the expansion of the chemical industry around the globe due to increasing investment by key manufacturers.

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Elemental Fluorine Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2020: US$ 800.7 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 7.1% 2028 Value Projection: US$ 1,418.4 Mn
Geographies covered:
  • North America
  • Europe
  • Asia Pacific
  • Rest of World
Segments covered:
  • By Application: Metallurgy, Glass & Ceramics Manufacturing, Sulphur Hexafluoride & Halogen Fluoride, Electronics & Semiconductor, Polymer Manufacturing & Processing, Nuclear Fuel, and Others
Companies covered:

Solvay S.A., Kanto Denka Kogyo Co., Ltd., Air Products and Chemicals, Inc., Linde AG, Navin Fluorine International Limited, ADVANCE RESEARCH CHEMICALS. INC., and Pelchem SOC Ltd.

Growth Drivers:
  • Growing end-use application of the Uranium Hexafluoride (UF6)
Restraints & Challenges:
  • Complex manufacturing process of the elemental fluorine

Figure 2. Global Elemental Fluorine Market – Opportunity Analysis

Elemental Fluorine  | Coherent Market Insights

Market Trends

  • Significant advancement in the production process for fluorine by the key manufacturer is one of the key trends. Robust growth in the various end-user industries coupled with the growth in the urban population is again expected to foster the market growth of the elemental fluorine. Emerging markets such as Mexico and parts of South Africa that holds vast reserves for the product is further contributing to the market growth of the elemental fluorine over the forecast period.
  • The production capacity of the fluorine by the key manufacturer to cater to growing demand is one of the growing trends in the industry. For instance, in December 2017, Navin Fluorine International Limited has announced production capacity expansion of the Fluorine and its intermediates with the capital expenditure of Rs. 115 Crores. Thus, increasing adoption of such initiatives by key manufacturers for expanding the production capacity will favor the market growth of the elemental fluorine in the near future.

Figure 3. Global Elemental Fluorine Market, Revenue Share (%), By Application, 2020

Elemental Fluorine  | Coherent Market Insights

Key Takeaways of the Graph:

  • The Nuclear Fuel held dominant position in the market and accounted for 57.1% share in the global elemental fluorine market in 2020. The segment is expected to reach US$ 827.3 million in 2028.
  • The growing adoption of elemental fluorine in manufacturing of uranium hexafluoride, which is further used in the creation of nuclear reactors as fuel is forecast to drive the Global Elemental Fluorine Market in forecast period.

Global Elemental Fluorine Market - Impact of Coronavirus (Covid-19) Pandemic

The ongoing covid-19 pandemic has had a negative impact on the global elemental fluorine market. Due to the lack of supply and demand for elemental fluorine, the closure of manufacturing units and production facilities has resulted in massive losses. This was due to the fact that end-user production units were also shut down. Many countries, however, has reopened with some Standard operating procedures in order to get the economy back on track, resulting in a less restrain to global elemental fluorine market during Covid-19 Pandemic.

Competitive Section

Major players operating in the global elemental fluorine market include, Solvay S.A., Kanto Denka Kogyo Co., Ltd., Air Products and Chemicals, Inc., Linde AG, Navin Fluorine International Limited, ADVANCE RESEARCH CHEMICALS. INC., and Pelchem SOC Ltd.

Few Recent Developments

  • In January 2021, Solvay has partnered with Vanderbilt Chemicals, LLC, to distribute and market Tecnoflon fluoroelastomers and perfluoroelastomers in North America. Solvay's consumer outreach is expanded by Vanderbilt Chemicals.
  • In November 2019, Solvay has expanded its line of additive manufacturing materials with the addition of Solef polyvinylidene fluoride (PVDF) AM filament (AM).
  • In December 2019, Solvay has contracted to provide fluorine-based specialty polymer Halar ECTFE to Safran for its LEAP1 engine acoustic panels.

Fluorine is a silicate and fluorite mixture that reacts to either chlorine or fluorine. The reactions that lead to Fluorine occur when the two chemicals meet at a point called a quaternary interface, where a known amount of Fluorine ions have an available pathway to react with an equal but dissimilar amount of the other chemical present. Fluoride has been shown to reduce the incidence of cavities in adults and prevent tooth decay in children. The low toxic dose of fluoride has also been found to be beneficial in reducing the severity of dental decay in the long run, while preventing future cavities from occurring. The naturally occurring mineral fluoride that is used in most toothpaste today is called fluorite. As the name implies, it is derived from the rock named calcite, but naturally occurring minerals include strontium, potassium, and calcium. These are all naturally occurring elements that produce ionic molecules which can cross the surface of the teeth.

Market Dynamics

The growing end-use application of the Uranium Hexafluoride (UF6) and increasing end-user application of the Sulphur Hexafluoride (SF6) are fostering growth of the elemental fluorine market. Moreover, rapid growth in the semiconductor industry is again augmenting growth of the market. According to The Semiconductor Industry Association (SIA), global semiconductor industry sales were $47.2 billion in the month of August 2021, an increase of 29.7% over the August 2020 total of $36.4 billion and 3.3% more than the July 2021 total of $45.7 billion.

On the other hand, the complex manufacturing process of elemental fluorine is expected to restrict growth of the market.

Key features of the study:

  • This report provides in-depth analysis of the elemental fluorine market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global elemental fluorine market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Solvay S.A., Kanto Denka Kogyo Co., Ltd., Air Products and Chemicals, Inc., Linde AG, Navin Fluorine International Limited, ADVANCE RESEARCH CHEMICALS. INC., and Pelchem SOC Ltd.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global elemental fluorine market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global elemental fluorine market

Detailed Segmentation:

  • Global Elemental Fluorine Market , By Application:
    • Metallurgy
    • Glass & Ceramics Manufacturing
    • Sulphur Hexafluoride & Halogen Fluoride
    • Electronics & Semiconductor
    • Polymer Manufacturing & Processing
    • Nuclear Fuel
    • Others
  • Global Elemental Fluorine Market , By Region:
    • North America
      • By Application:
        • Metallurgy
        • Glass & Ceramics Manufacturing
        • Sulphur Hexafluoride & Halogen Fluoride
        • Electronics & Semiconductor
        • Polymer Manufacturing & Processing
        • Nuclear Fuel
        • Others
    • Latin America
      • By Application:
        • Metallurgy
        • Glass & Ceramics Manufacturing
        • Sulphur Hexafluoride & Halogen Fluoride
        • Electronics & Semiconductor
        • Polymer Manufacturing & Processing
        • Nuclear Fuel
        • Others
    • Europe
      • By Application:
        • Metallurgy
        • Glass & Ceramics Manufacturing
        • Sulphur Hexafluoride & Halogen Fluoride
        • Electronics & Semiconductor
        • Polymer Manufacturing & Processing
        • Nuclear Fuel
        • Others
    • Asia-Pacific
      • By Application:
        • Metallurgy
        • Glass & Ceramics Manufacturing
        • Sulphur Hexafluoride & Halogen Fluoride
        • Electronics & Semiconductor
        • Polymer Manufacturing & Processing
        • Nuclear Fuel
        • Others
    • Middle East & Africa
      • By Application:
        • Metallurgy
        • Glass & Ceramics Manufacturing
        • Sulphur Hexafluoride & Halogen Fluoride
        • Electronics & Semiconductor
        • Polymer Manufacturing & Processing
        • Nuclear Fuel
        • Others
  • Company Profiles
    • Solvay S.A.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Kanto Denka Kogyo Co., Ltd.
    • Air Products and Chemicals, Inc.
    • Linde AG
    • Navin Fluorine International Limited,
    • ADVANCE RESEARCH CHEMICALS. INC.
    • Pelchem SOC Ltd

 “*” marked represents similar segmentation in other categories in the respective.

FAQ

Frequently Asked Questions

The market for Global Elemental Fluorine Market is forecast to surpass US$ 1,418.4 million by 2028 witnessing a CAGR of 7.1% between 2021 and 2028.
Growing end-use application of the Uranium Hexafluoride (UF6) and Increasing end-user application of the Sulphur Hexafluoride (SF6) are the factors fuelling growth of the market.
The Nuclear Fuel segment is the leading component segment in the market.
Complex manufacturing process of the elemental fluorine is expected to hinder growth of the market.
Major players operating in the market include, Solvay S.A., Kanto Denka Kogyo Co., Ltd., Air Products and Chemicals, Inc., Linde AG, Navin Fluorine International Limited, ADVANCE RESEARCH CHEMICALS. INC., and Pelchem SOC Ltd.
Asia Pacific region is expected to hold dominant position in the market over the forecast period. The growth of the market in the region is driven by high demand for elemental fluorine in the cleaning process.
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