Elemental Fluorine Market to Witness Exponential Growth by 2024 - 2031 | Solvay S.A., Kanto Denka Kogyo Co.

Market Overview:

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).

Market Dynamics:

Elemental fluorine demand is driven by the increasing requirement from the semiconductor manufacturing industry where it is used to produce hydrofluoric acid. Hydrofluoric acid is extensively utilized as an etching and cleaning agent during the semiconductor wafer fabrication process. This is expected to fuel the growth of the elemental fluorine market over the forecast period. The market is also driven by the increasing use of fluoropolymers in automotive, aerospace, and consumer goods industries owing to properties like chemical resistance and weatherability. Fluoropolymers such as polytetrafluoroethylene (PTFE) require elemental fluorine for its production.

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Elemental Fluorine Market Drivers

Increasing Demand from Semiconductor Industry

The demand for elemental fluorine is increasing from the semiconductor industry for manufacturing of integrated circuits, semiconductors and other electronic components. Elemental fluorine is used for cleaning and etching applications during various stages of semiconductor manufacturing such as wafer fabrication and circuit packaging. The rapid growth of consumer electronics industry globally has fueled the demand for semiconductors which in turn is driving the consumption of elemental fluorine. According to SEMI, global semiconductor industry revenue is expected to increase by 8% to USD 556 billion in 2022 compared to 2021. This rising demand from a high growth industry is a major growth driver for the elemental fluorine market.



Elemental Fluorine Market Opportunity

Rising Demand from Steel Pickling Applications

Steel pickling is a process of removing rust, mill scale and impurities from the surface of steel through chemical means. It is an integral part of various downstream applications such as pipe manufacturing, automotive components, appliances etc. Elemental fluorine is gaining acceptance as an effective pickling agent in steel industry due to its exceptional properties of fast reaction rate and ability to remove tough oxides efficiently. The global steel production has been rising steadily over last few years and is estimated to grow further driven by infrastructural development and automotive production. This burgeoning steel industry offers significant opportunity for elemental fluorine producers to cater to steel pickling requirements.

Elemental Fluorine Market Trends

Increasing R&D into Non-Hazardous Alternatives

Continuous research is being carried out to develop non-toxic and safe alternatives to replace elemental fluorine in industrial applications owing to its highly corrosive and hazardous nature. Few alternative technologies under investigation include photochemical fluorination, electrolytic fluorination using fluorides etc. Companies are investing in innovations to come up with novel fluorination techniques that do not employ direct use of toxic elemental fluorine gas. For instance, researchers at Ohio State University have developed a fluorination process using plasma technology which can potentially substitute chlorine trifluoride and other hazardous fluorinating agents. Such technological advancements aimed at safer fluorine production are expected to reshape the elemental fluorine market in long run.

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Top Companies Featured in This Report:

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



Market Segmentation:



By Applications:

★ By Application: Metallurgy, Glass & Ceramics Manufacturing, Sulphur Hexafluoride & Halogen Fluoride, Electronics & Semiconductor, Polymer Manufacturing & Processing, Nuclear Fuel, and Others

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Key Insights from the Global Elemental Fluorine Market Analysis:

Market Size Evaluation: Assessing the value and sales volume of the Elemental Fluorine market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Elemental Fluorine market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Elemental Fluorine market.
Segment Analysis: Examining the market value and sales volume of Elemental Fluorine by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Elemental Fluorine market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.

In summary, whether you're engaged in manufacturing, distribution, or investment within the Elemental Fluorine sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.

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Author Bio:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )

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