openPR Logo
Press release

Elemental Fluorine Market Will Reach US$ 1 Bn by 2026

Demand for active chemical agents such as elemental fluorine continues to surge on the account of rampant industrialization spanning across the globe. Technological developments have made production of pure fluorine gas more feasible than before.

Intensive research on the compatibility of elemental fluorine with other matter has aided in formulation of advanced electronegative compounds, which have greater industrial applicability. Persistence Market Research recently published its study on the global market for elemental fluorine, and estimated the present market value at US$ 621 Mn.

Key findings in this study further projected that the said factors will keep inducing growth in the global elemental fluorine revenues as they soar at 7.1% CAGR and reach US$ 1,077.1 Mn by the end of 2024.

As the lightest halogen, elemental fluorine will continue to gain competitive advantage over other gases. Effectiveness of elemental fluorine in dry chamber cleaning processes will keep propelling its use through 2024. In the years to come, industries demanding a large-scale use of elemental fluorine will benefit from cost-effectiveness of the gas’ on-site production. Moreover, increasing end-use of elemental fluorine derivatives such as uranium hexafluoride is also expected to drive the global consumption levels substantially.

Request to Sample of Report @ https://www.persistencemarketresearch.com/samples/11434

Although, complex production process will keep deterring the arrival of new entrants, and will also pose a challenge for existing elemental fluorine manufacturers. During the forecast period, the global elemental fluorine market is slated to witness impressive contribution from companies such as Solvay S.A., Pelchem SOC Ltd., Navin Fluorine International Limited, Kanto Denka Kogyo Co., Ltd., Air Products and Chemicals, Inc., Advance Research Chemicals, Inc., and Linde AG.

Asia-Pacific – Largest Elemental Fluorine Market

Key excerpts from the report indicate that Asia-Pacific’s elemental fluorine market will be leading over other regions in terms of production and demand, both. Through 2024, more than 45% of global market value will be accounted by sales of elemental fluorine in Asia-Pacific. Growing urbanization and favorable manufacturing regulations will keep boosting the revenues in the Asia-Pacific elemental fluorine market.

On the other hand, the demand for elemental fluorine will be negligent in Middle East & Africa, and in Latin America. Europe’s elemental fluorine revenues will be soaring at the lowest value CAGR of 3.5%, while North America will exhibit a steady revenue growth at 6.6% CAGR.

Other highlights of the research report, titled “Elemental Fluorine Market: Global Industry Analysis and Forecast, 2016-2024,” include:

Increasing end-use of sulfur hexafluoride will also act as a key driver for the global elemental fluorine market.
The demand for elemental fluorine is expected to be restrained due to implications arising from transportation of such hazardous gases.

Request to View Table of Content @ https://www.persistencemarketresearch.com/methodology/11434

Nuclear fuel applications will procure the largest chunk of global elemental fluorine revenues, accounting for more than US$ 650 Mn by 2024-end
Demand for elemental fluorine will also grow rampantly in glass & ceramics manufacturing, revenues from which are anticipated to soar at 8.3% CAGR.

About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us
Persistence Market Research
305 Broadway 7th Floor, New York City,
NY 10007,United States,
USA – Canada Toll Free: 800-961-0353 Email: sales@persistencemarketresearch.com Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Elemental Fluorine Market Will Reach US$ 1 Bn by 2026 here

News-ID: 1059025 • Views: 160

More Releases from Persistence Market Research

Global Waterborne Coatings Market Revenue to Witness Steady Growth Through 2020
Waterborne coatings are green substrates using water as solvent to dissolve a resin, making them environment friendly and easy to apply. These coatings usually contain approximately 80% of water with minimum quantities of other solvents such as glycol ethers. As per the U.S. and European regulations of waterborne coatings to have a VOC content less than 3.5 gallons of water, these are considered eco-friendly in nature. Various types of coatings
Manufacturers to Benefit from Lucrative Growth Prospects in the Global Textile P …
Application of coloring pattern and design to decorate the finished fabric is referred as printing. At the time of printing the color is applied to the fabric so that the color or design is not affected at the time of washing. Textile printing is a process of applying color to fabric in definite pattern and design. Textile printing is sometime confused with dyeing. In dyeing whole fabric is uniformly colored
Demand for Triazole Fungicides to Rise Significantly from Key End-use Industry S …
The growth of the crop can be affected by fungal infection. Fungicides are chemical compound used to kill fungi or fungal spores. Triazole is most widely used fungicides due to their different uses and efficacy against a number of fungal diseases. Triazole is highly effective against many different fungal diseases include rusts, leaf-spotting fungi and powdery mildews. Triazole is used on field crops, fruit trees and vegetables. Repeated use
Global Purified Terephthalic Acid Market Revenue to Witness Rapid Growth in the …
Purified terephthalic acid (PTA) is a chemical which is synthesized from crude oil. It is majorly used to manufacture polyester fiber. Its end-user industries include textile and home furnishing where PTA is required to manufacture garments such as bed sheets, curtains and clothes. Request For Report Sample@https://www.persistencemarketresearch.com/samples/3434 The market for purified terephthalic is expected to witness noticeable expansion in the coming years with the growing demand for polyester, specifically in

All 5 Releases


More Releases for CAGR

Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small