The global fluorine market size was robust in 2021 and is expected to register a steady revenue CAGR of 4.07% during the forecast period. Increasing use of the product in the electronics industry such as in semiconductor wafers due to its potent cleaning attributes is a key factor, which is expected to drive market revenue growth. In addition, its adoption in the solar energy sector pertaining to use in optimizing solar cells and energy stabilization is also expected to rise demand for the product.
Fluorine also denoted as F2, is a yellow colored gas, which is a highly reactive halogen element. The product is produced through fluorspar mineral ores from the earth’s crust and is basis for the fluorochemical industry. It is commercially produced by electrolysis of hydrogen fluoride which is added to the smelting mixture in metal purifications owing to its ability to lower smelting temperature, thus making the process relatively much efficient.
Top Companies Operating in the Global Fluorine Market:
- Solvay S.A. (Belgium)
- Linde Plc (Ireland)
- Air Products and Chemicals Inc. (U.S.)
- Kanto Denka Kogyo Co. Ltd. (Japan)
- Hyosung Chemical (South Korea)
- Navin Fluorine International Ltd. (India)
- Advance Research Chemicals Inc. (U.S.)
- Central Glass Co. Ltd. (Japan)
- ADCO Global Inc. (U.S.)
- AGC Inc. (Japan)
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With the growing electronics industry, the demand for semiconductors has been on the rise. Silicon wafer production requires chemical vapor deposition processes in its manufacturing, for which regular cleaning of equipment is essential. F2 being a strong cleaning agent, it is used to remove particles from chip films and improve sensitivity of the electronics hardware. As per the National Investment Promotion and Facilitation Agency of India, the sector contributes exports of USD 1,395.09 million from India and is expected to grow significantly in the projected years. Increasing usage of electronics is expected to drive revenue growth of the market.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
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The Fluorine market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Fluorine market.
The global Fluorine market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Type (Revenue, USD Million; 2019-2030)
- Industrial Grade Fluorine
- Electronics Grade Fluorine
Application/End Use Outlook (Revenue, USD Million; 2019-2030)
- Electronics Industry
- Solar Cells
- Chemicals Production
- Others
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