Elemental Fluorine Market, By Application (Nuclear Energy, Metal Processing, Glass & Ceramics Manufacturing, Electronics, Sulfur hexafluoride & Halogen fluoride, Plastic & Polymers, and Others (Pharmaceuticals, Abrasive Material etc.)) and By Region (North America, South America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Elemental fluorine is a highly toxic, pale yellow, corrosive gas, which reacts with most of the organic & inorganic substances. Industrially, elemental fluorine is produced by electrolysis of potassium fluoride and hydrogen fluoride mixture. Generally, elemental fluorine is consumed immediately or it is stored in the form of gas in stainless steel cylinders.

Market Dynamics

  • Fluorine is a key element for electricity generation via nuclear energy, as it allows isotopic enrichment of uranium. According to Coherent Market Insights’ analysis, in 2016, over 54% of total fluorine production was utilized in the production of fluoride compounds that are used in nuclear power plants. Therefore, increasing demand for electricity is fueling demand for elemental fluorine in the production of uranium fluorides.
  • However, high toxicity of elemental fluorine is a major factor restraining global elemental fluorine market growth. Inhalation of fluorine causes irritation and can lead to throat pain. Skin and eye contact with fluorine vapors can cause severe skin burn and permanent eye injury up to blindness, respectively.    
  • Emerging application of fluorinated molecules in medicinal chemistry is projected to drive growth of the global elemental fluorine market in the near future. Fluorinated molecules such as delamanid, refametinib, and various others are clinically under trial for the treatment of tuberculosis, cancer, asthma, and various other diseases.  

Market Outlook

  • Among application, nuclear energy segment accounted for largest market share in the global elemental fluorine market in 2017. Owing to increasing adoption of nuclear energy as a clean source of energy, the segment is projected to retain its dominance in the market over the forecast period. According to World Energy Council Report 2016, uranium and nuclear production has increased over 40% in the past 15 years due to rising demand for alternative resources. According to the U.S. Energy Information Administration (EIA), in 2016, over 20% total electricity generation was accounted through nuclear sources in the U.S.
  • Electronics is projected to be the fastest growing segment in the market over the forecast period. Elemental fluorine is a highly reactive element and acts as an excellent oxidizer. When compared to greenhouse producing gases such as NF3, elemental fluorine acts fast, consumes lower energy, and uses less gas across all plasma enhanced chemical vapor deposition (PECVD) tools. Therefore, it is widely adopted in electronics industries.
  • Asia Pacific held highest market share in the global market in 2017. According to World Energy Council Report 2016, two-third of the global nuclear industry volume is concentrated in Asia Pacific region. Moreover, rapid growth of polymer & plastic industries among Asian countries is projected to create conductive environment for growth of the Asia Pacific elemental fluorine market in the near future. According to the India Brand Equity Foundation (IBEF) Report, export of plastic products from India increased by 17.1 per cent to US$ 8.85 billion in 2017-2018, as compared to US$ 7.56 billion in 2016-2017. Owing to such factors, the region is projected to retain its dominance over the forecast period.

Key players in the Global Elemental Fluorine Market

  • Key players operating in the global elemental fluorine market include Solvay S.A., Linde AG, Air Products & Chemicals, Inc., Navin Fluorine International Limited, Kanto Denka Kogyo Co., Ltd., and Honeywell among others
  • Several companies that manufacture elemental fluorine are adopting various organic and inorganic growth strategies, in order to maintain their market position. Mergers, acquisitions, geographical expansions, and new product launches are some of the key strategies followed by major players in the elemental fluorine market. For instance, in 2015, Linde Electronics & Specialty Gases, a part of Linde AG, established world’s largest on-site fluorine plant in South Korea. The plant is strategically installed to provide safety & benefits to SK Hynix M14 plant.
  • Moreover, end-use industries of elemental fluorine are launching new fluorinated products, in order to meet rising demand from consumers. For instance, in March 2017, AGC Asahi Glass launched SURECO, a high performance fluorinated coating agent with high abrasion resistance. Such activities are projected to boost demand for elemental fluorine over the forecast period.

Market Taxonomy

On the basis of application, the global elemental fluorine market is segmented into:

  • Nuclear Energy
  • Metal Processing
  • Glass & Ceramics Manufacturing
  • Electronics
  • Plastic & Polymers
  • Sulfur hexafluoride & Halogen fluoride
  • Others (Pharmaceuticals, Abrasive materials, etc.)

On the basis of region, the global elemental fluorine market is segmented into:

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • U.K.
    • Germany
    • Italy
    • Spain
    • France
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Australia
    • Rest of Asia Pacific
  • Middle East
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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