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Elemental Fluorine Market Segmentation By Application - Metallurgy, Glass, Ceramics Manufacturing, Sulphur Hexafluoride, Halogen Fluoride, Electronics, Semiconductor, Polymer Manufacturing, Processing, Nuclear Fuel
The global demand for elemental fluorine is directly correlated to its various advantages over other cleaning gases. The on-site production of fluorine gas is more beneficial and cost effective. Pure fluorine gas performs better than other fluorine gases such as ClF3, NF3, SF6, and F2/N2 mixtures, since inactive components of these gases can compromise the cleaning performance.
Fluorine is very effective for dry chamber cleaning. Pure fluorine gas has productivity gains relative to CVD tools, high cleaning performance, and shorter cleaning time, with no environmental impact, and less energy consumption.
The global elemental fluorine market is studied with deep understanding of the macro and forecast factors. PMR forecasts the global elemental fluorine market revenues to grow at a CAGR of ~6% during 2019-2029. The market in APAC region is estimated to witness steady growth due to rapid economic development. The region is estimated to hold a prominent share in the global elemental fluorine market during the forecast period.
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According to World Nuclear Association (WNA), the world nuclear capacity is set to continue to grow for the fulfilment of increasing demand for nuclear fuel in the upcoming years. Also, the demand for uranium will increase considerably by the end of 2030 at an optimistic CAGR of ~ 4%. It was approximately 334 GWe in 2013 and is expected to double by 2030, to meet the growing demand for uranium hexafluoride globally.
Conversion process of uranium oxide into uranium hexafluoride is a critical stage of the nuclear cycle. Uranium hexafluoride is a form of uranium, which can be enriched in the nuclear fuel manufacturing process. Conversion plants are expected to operate with high capacity with increasing demand for nuclear fuel.
The uranium hexafluoride market is expected to grow with the increasing demand for nuclear fuel, which further drives the market of fluorine gas. These factors are expected to continue to drive the growth of the elemental fluorine market in the near future.
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Get a Customized VersionIn terms of market attractiveness by CAGR index, the APAC region is expected to remain the most attractive in the forecast period. A high growth rate due to considerable industrial activity in the region is expected to contribute to the rising demand for elemental fluorine.
Enormous demand for elemental fluorine from countries such as China and India is expected to contribute to the growth of the regional market. The APAC region has gained substantially significant market share compared to North America & Europe, and is projected to continue this performance in the forecast period as well.
The elemental fluorine market share is evenly balanced between large players with presence through regional and local distributors. Key strategies include the expansion of production capacities to increase their global and regional footprint in the elemental fluorine market.
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follow the trend of organic expansion to fulfil the increasing demand for fluorine gas in the electronic industry.
A broader view of the elemental fluorine market has led analysts to conclude that the market is growing at an impressive rate with APAC, North America, and Europe regions holding a large share of the elemental fluorine market. The APAC elemental fluorine market is expected to be an opportunistic market in terms of sales. Increasing demand from the chemical manufacturing industry, is expected to positively impact the elemental fluorine market.
The elemental fluorine market is characterized by the presence of few big players from North America, Europe, and APAC regions. The nuclear fuel sector is expected to dominate the elemental fluorine market throughout the forecast period.
However, the hazardous impact of elemental fluorine on human body such as it creates etches and may cause painful wounds on human body, when it comes to contact with the skin, are likely to hinder the market growth globally. The scope of increasing applications related to the use of elemental fluorine is estimated to bolster the growth of the market during the forecast period.
PMR’s study on the elemental fluorine market is divided into application and region segments. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.
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