Global Fluorine Gas Market Overview:
Fluorine gas (F2) is a gas that is produced either from fluorite (fluorspar) or fluorapatite, it is used in uranium enrichment, switchgear, and majorly used for electronic cleaning applications. It is the most powerful oxidizing agent that reacts with practically all organic and inorganic substances. These gases are so powerful that they can be corrosive to exposed tissues and to the upper and lower respiratory tracts. It ignites when it comes in contact with substances like ammonia, phosphorus, sulfur and many others. The rising application of these gases in different sectors are driving the industry.
As per latest study released by AMA Research, the Global Fluorine Gas market is expected to see growth rate of 4.7%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
The Adoption of these Gases for is very Effective for Dry Chamber Cleaning
Market Growth Drivers:
Increasing Application of these Gases as Cleaning Agents such as CVD Chamber Cleaning in Semiconductor, LCD, and Solar Manufacturing and Increasing Demand from Chemical Industries
Challenges:
Issue Related with its Transportation
Restraints:
Concern Related Towards the Leakage of the Gas in the Industry and Risks Associated with its Reactivity and Toxicity
Opportunities:
The Upsurge in Nuclear Energy to Increase the Demand for Uranium Hexafluoride (UF6), which in Turn Boost the Market and Rising Market Growth in Asia-Pacific Region, as it Compromises of a Large set of chemical Industries
Competitive Landscape:
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Some of the key players profiled in the report are Mitsui Chemicals (Japan), OCI Materials (South Korea), Foosung (South Korea), Linde (United States), Navin Fluorine International (India), American Gas Group (United States), Central Glass (Japan), Formosa Plastics (Taiwan), Kanto Denka Kogyo (Japan) and Ulsan Chemical (South Korea). Analyst at AMA Research see Global Vendors to retain maximum share of Global Fluorine Gas market by 2030. Considering Market by End-User, the sub-segment i.e. Medicinal will boost the Fluorine Gas market.
Latest Market Insights:
In July 2023, Chemours, a major producer of fluorine chemicals, announced the acquisition of Forane Technologies, a smaller company specializing in high-purity fluorine gases. This move aims to strengthen Chemours' position in the growing electronics market.
On October 25, 2023, Arkema, a French chemical company, launched a new line of high-purity fluorine gases for the semiconductor industry. These new gases are designed to meet the increasingly stringent requirements of advanced chip manufacturing.
What Can be Explored with the Fluorine Gas Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Fluorine Gas Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Fluorine Gas
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Fluorine Gas market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Fluorine Gas market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Distributors/Traders/Wholesalers, Subcomponent Manufacturers, Industry Association, Downstream Vendors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.