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: 219

More Releases from Persistence Market Research

The Outpatient Home Therapy Market to witness an overall with respect to growth …
Outpatient home therapy provides treatment at the patient’s home. There need for outpatient home therapy is growing and more facilities are added to the services. Outpatient home therapy provides extra comfort to the patients and is regulated by the Medicare and Medicaid programs. Home therapy is useful when patients are not able to travel to the healthcare units due to lack of transportation or the patient may not be able
The Meningococcal Vaccines Market to scale high in the next decade
The meningococcal vaccine market has expanded to a significant extent over the past few years in correspondence to the parent market. Constant research and development in meningococcal vaccines for various meningococcal disease preventive applications, coupled with the sanctions of subsidy & support of government organizations for immunization program are among the significant factors that are anticipated to drive the growth of the meningococcal vaccine market during the forecast period. Expansion of
The Immunoassay Interference Blocker Market to be on the escalation mode in the …
The rapidly increasing prevalence of chronic diseases and the growth of the aging population across the world are among factors that are expected to increase the need for biochemical testing for the management of chronic diseases. The global increase in aging population is expected to increase the demand for diagnostic kits and reagents for the detection of age-related as well as other chronic conditions, which is expected to boost the
The Orthopedic Surgical Robots Market to foresee growth in the next 10 years
Orthopedic surgical robots have gained immense popularity over the years. Consistent advancements in the technology for orthopedic surgical robots, the availability of orthopedic surgical robots across the globe, and increase in government funding and investments by manufacturers for the development of orthopedic surgical robots are among the primary factors that are anticipated to fuel the demand for orthopedic surgical robots during the forecast period. According to the latest research by PMR,

All 5 Releases


More Releases for CAGR

Catalase Market : Research Observes Strong CAGR Development
The "Global Catalase Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Catalase Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Catalase Market report, titled Catalase Market, is expansive research
Citicoline Market | CAGR of 14.4%
The global Citicoline Market 2020 Report provides fine intelligence that helps market players to compete well against the tough competition on the basis of growth, sales and other various important factors. The research report lays stress on key growth opportunities and market trends apart from important market dynamics including market drivers and challenges. With the help of this report, involved parties can equip themselves to adapt along with the changes
Footwear Market : Research Observes Strong CAGR Development
The "Global Footwear Market Set for Rapid Growth, to Reach Around USD 320.44 Billion by 2023", report intends to offer a resourceful means to assess the Footwear Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Footwear Market report, titled Footwear Market, is expansive research
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
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