Fluorine is a chemical compound having high reactivity. It reacts with salt to form fluoride compound. Fluoride compounds are abundant in earth’s crust and naturally found in soils and rocks. Fluoride materials have photonic and electronic properties and therefore has industrial application as UV optics and optic compounds (in glass, sheets). Fluoride materials are mainly utilized for the safety of drinking water and numerous dental products such as mouthwash. Few examples of fluoride materials are sodium aluminum fluoride, thorium fluoride, barium fluoride, lanthanum fluoride, and magnesium fluoride. Exceptional characteristics of fluoride materials includes better beam durability & transparency, low refractive index, among others. They have a wide range of application across various end-use sectors such as oil & gas, construction, coatings, pharmaceutical and chemical industries and many more.
Global Fluoride Materials market: Dynamic
Fluoride materials are prominently utilized in the ever-increasing water treatment and pharmaceutical sector and this is expected to drive the fluoride materials market across the globe. Prevailing demand for glass lenses, ceramic glazes & windows, is expected to drive the demand for fluoride materials during the forecast period. Moreover, the rising production of coatings and innovative specialized coating technique to fulfill customer demand is led to macroeconomic for the fluoride materials market during the forecast period.
Furthermore, government investment towards infrastructure development or construction is expected to help raise the demand for fluoride materials by end of FY 2028. Government regulations to control hazards across various regions is expected to drive the global fluoride material market. The fluctuation in prices of paints and oils are the factor that is expected to restrict the growth of the global fluoride materials market. Growing concerns towards the smartphones Era, many companies owned web application and introduction and development of intelligent paints, are major trends for the global fluoride materials by 2028.
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Global Fluoride Materials Market: Segmentation
Global Fluoride Materials market is segmented on the basis of Product type, end-use and regions as mentioned below-
On the basis of product type, global Fluoride Materials market can be segmented as mentioned below:
- Sodium Aluminum Fluoride (Cryolite)
- Thorium Fluoride
- Barium Fluoride
- Lanthanum Fluoride
- Magnesium Fluoride
On the basis of End-use industry, global Fluoride Materials market can be segmented as mentioned below:
- Oil & gas
Global Fluoride Materials market: Regional outlook
Among geography, global fluoride materials market can be segmented into seven key regions. Growing manufacturing sites of consumer goods in the Asia Pacific is expected to hold the significant position in the market over the forecast period. While China and India are the growing platforms for the market. Western Europe is a second largest market for the global fluoride materials followed by the Asia Pacific. Moreover, North America and Eastern Europe are expected to grow due to increasing construction sector and rising regulations to control hazards in developed markets over the forecast period.
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Global Fluoride Materials Market: Key Players
Some of the key players identified across the value chain of global fluoride materials market are mentioned below:
- Arkema S.A.
- Daikin Industries Ltd.
- Shanghai Ofluorine Chemical Technology Co. Ltd.
- Dyneon GmbH & Co. KG
- Solvay S.A.
- Zhuzhou Hongda Polymer Materials Co. Ltd.
- Kureha Corporation
- Quadrant Engineering Plastics Products Inc.