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The size of the elemental fluorine market is highly influenced by numerous factors, which shape its dynamics and define its growth path. The increasing demand for fluorine in several industrial applications is one of the main drivers.
Moreover, environmental awareness and sustainability are driving changes in this industry. Fluorinated products have unique characteristics that make them useful for refrigerants or batteries among other applications. Market transition towards eco-friendly substitutes is also driving the need for fertilisers hence increasing demand for fluorspar. Other clean energy technologies are depending on it.
The regulatory framework also plays a significant role shaping up the dynamics of the elemental fluorine market. Strict regulations regarding environment conservation and workplace safety influence manufacturing, use, and handling of products based on fluoride compounds. To satisfy these requirements companies must consider investments into cutting edge technologies thereby affecting how markets perform at large scale level. Equally important new applications or product approvals requiring incorporation of fluoride can lead to some means for future expansion.
Research activities have been implicated as major market factors influencing the development of Elemental Fluorine Market . They seek to identify novel uses while enhancing existing procedures which broaden adaptability and efficiency levels thus making them competitive. Advancements associated with fluoric chemistry & technology contribute significantly towards expanding markets across various industries.
Availability and prices charged for raw materials particularly fluorspar being an important source of fluorine have great impact on elemental florin market (Park et al., 2016). Any variations in supply chain or political disturbances that affect mining operations coupled with production capacity shifts leads to fluctuations in cost structure involving raw materials hence changes the dynamics of the market. Besides, production of fluorine is highly energy dependent and thus energy prices are one of the most important factors influencing overall cost structure within which elemental fluorine has to operate.
Competitive dynamics and market consolidation also shape the elemental fluorine market. Leading players, technological advances, as well as strategic alliances determine how competitive a particular market is. These may include company mergers and acquisitions or even partnerships that have an effect on production capacities, distribution channels, as well as research capabilities thereby affecting general landscape within this industry.
Elemental Fluorine Market Highlights:
Global Elemental Fluorine Market Overview
The global elemental fluorine market is expected to register a CAGR of ~9.5% and cross ~USD 540 million by 2023
Elemental fluorine gas is extremely toxic, corrosive, pale yellow, which can react with organic & inorganic substances. On the industrial scale, elemental fluorine is produced by the process of electrolysis of potassium fluoride and hydrogen fluoride mixture. The key application of elemental fluorine is in making fluorides, notably sulfur hexafluoride, uranium hexafluoride, and halogen fluorides. Technological advancements in the manufacturing process of elemental fluorine in a couple of decades have led to ample availability of purge gas, thereby boosting its applications in end-user industries.
The elemental fluorine market is mainly driven by various end-use application such as electronics & semiconductors, metallurgy, ceramic manufacturing, polymer manufacturing, and glass. Elemental fluorine is widely used in the manufacturing of uranium hexafluoride, the element which is used in the manufacturing of nuclear reactors as a fuel through the uranium enrichment process. Elemental fluorine is a form of uranium which can be enriched for the next phase of a nuclear fuel manufacturing process. With an increase in demand from the last couple of years for fuel manufacturing, conversion plant rate is running over 75% capacity and is expected to reach 85% during the forecast period. The extensive application of elemental fluorine for production of polyvinylidene fluoride (PVDF) and polytetrafluoroethylene (PTFE) is a driving factor for the market growth in the coming future. Increasing use of fluorinated organic chemicals such as in electrolytes and solvents in lubricants and pesticides is expected to accelerate the market growth in the coming years. Additionally, a key application of elemental fluorine in organic synthesis reactions, nitrogen derivatives, and agents is expected to propel the market growth with significant CAGR during the forecast period. However, there are some factors which can hamper the market growth such as handling, storage of elemental fluorine and transportation. Furthermore, increasing on-site elemental fluorine gas production and rising end use application is expected to create new opportunities for the manufacturers during the forecast period.
Global Elemental Fluorine Market Share, by Application, 2017 (%) 
Source: MRFR Analysis
Regional Analysis
Asia-Pacific is estimated to be the most lucrative market for the elemental fluorine in 2018 and is expected to continue the dominance during the assessment period. The demand for elemental fluorine is soon expected to increase owing to the growing demand from developing countries such as China, India, South Korea, and Japan. Furthermore, the increase in demand for end-use industries and positively inclined growth of industrialization are some of the key driving factors to accelerate the market growth during the forecast period. However, consumption of elemental fluorine in Latin America and the Middle East & Africa is estimated to be low owing to the weak growth of end-use industries such as chemical, nuclear fuel, electronics, and semiconductor. Additionally, Western Europe and North America are expected to hold more than one-third of market value share during the review period.
Segmentation
The global elemental fluorine market has been segmented by form, application, and region. Based on form, the global elemental fluorine market has been divided into α-Fluorine and β- fluorine. By application, the global elemental fluorine market has been categorized into metallurgy; glass & ceramics manufacturing; electronics & semiconductor; polymer manufacturing & processing; nuclear fuel and others.
The global elemental fluorine market, by region, has been studied concerning five regions—North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Key Players
Some of the key players operating in the global elemental fluorine market are Pelchem SOC Ltd (South Africa), Kanto Denka Kogyo Co., Ltd (Japan), The Linde Group (Ireland), Solvay S.A (Belgium), Navin Fluorine International Ltd (India), Air Products & Chemicals, Inc (US), and Advance Research Chemical Inc (US), among others.
Intended Audience
- Elemental Fluorine Manufacturers
- Traders and Distributors of Elemental Fluorine
- Research and Development Institutes
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratories
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