Press release
Fluorine Market Share, Size, Forecast and Trends by 2029
Fluorine Market - DataM Intelligence
The Global Fluorine Market is expected to grow at a CAGR of 4.2% during the forecasting period (2022-2029).
Fluorine is the most reactive chemical element, the lightest halogen. It is a pale yellow gas and has a pungent odour. It has the atomic number 9 and atomic mass 18.99 u. It is the most electronegative element and reacts with all the chemical elements except argon, neon, and helium. It has various applications used in making chemicals, ceramics, lubricants, dyes, plastics, and pesticides.
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Market Dynamics
The development of new technologies for increasing the production of fluorine is driving the market growth of fluorine
Many companies are developing and launching new technologies for increasing the production of fluorine which is also an important factor for the market growth like a company named Solvay is using Solvay F2 production technology in which electrolysis of hydrogen fluoride in an onsite production unit takes place, this is used for the production of fluorine. This process includes doing the scale-down of common technology parts and improvements in the process. This results in a safe and reliable production of F2 e-grade on-site which is delivered to the customer on demand. Some companies are also launching new products to the market as A high-performance fluoropolymer named AFLAS was launched by AGC Inc in February 2019.
Various diseases and disorders associated with the inhalation of fluorine like tetany, pulmonary edema is hampering the market growth of fluorine
The high cost of manufacturing, transportation, and storage of fluorine is hampering the market growth
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Market Segmentation
By Product Type
• Fluorite
• Cryolite
• Fluorapatite
By Application
• Synthetic Chemical Materials
• Pharmaceuticals
• Pesticides
• Plastic
Market Players
Global Fluorine Market is fragmented with key global players in the market. Some of the major companies contributing to the market's growth are- ADCO Global Inc, ACE Geosynthetics Enterprise Co., Ltd, Aiello Chemical Co. Ltd, Solvay S.A, Linde plc, Air Liquide S.A, AGC Inc, Central Glass Co., Ltd, Hyosung Chemical, Zhuoxi Gas, and many others.
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