Elemental Fluorine Market | Solvay S.A., Linde AG, Air Products & Chemicals, Inc., Navin Fluorine International Limited

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.

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.

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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.)

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.

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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.

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