Global Inorganic Fluorides Market Size By Type (Ammonium Hydrogen Fluoride, Calcium Fluoride, Hydrogen Fluoride), By End User (Aluminum Industry, Oil & Gas Industry, Pharmaceuticals), By Geographic Scope And Forecast
Published on: 2024-08-10 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Inorganic Fluorides Market Size By Type (Ammonium Hydrogen Fluoride, Calcium Fluoride, Hydrogen Fluoride), By End User (Aluminum Industry, Oil & Gas Industry, Pharmaceuticals), By Geographic Scope And Forecast
Inorganic Fluorides Market Size And Forecast
Inorganic Fluorides Market size is expected to reach USD 7.78 Billion by 2031, growing at a CAGR of 6.34% from 2024 to 2031.
Pharmaceutical intermediates, synthetic resins, rubber accelerators, fragrances, crop protection chemicals, and insecticides are all made with these compounds, which is expected to drive the worldwide inorganic fluorine compounds market. The Global Inorganic Fluorides Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Inorganic Fluorides Market Definition
Fluoride is the inorganic anion of fluorine (F-). Calcium fluoride, sodium fluoride, aluminium fluoride, potassium fluoride, and magnesium fluoride are examples of inorganic compounds formed by the fluoride ion. Metals have also been reported to create bifluorides. Fluoride ions can be found in a variety of minerals, including fluorite. The first chemical used for fluoridation was sodium fluoride. Fluoride salts are widely employed as essential chemical reagents and industrial chemicals, with hydrogen fluoride for fluorocarbons being the most common application. Fluoride is the fluorine that is most bioavailable. Fluoride is an important micronutrient for human health since it prevents dental cavities and is frequently used as a bone development stimulator.
To prevent or minimise tooth decay, fluoride is added to municipal water sources and dental products such as toothpaste. Fluoride is primarily consumed by drinking water and the use of fluoridated dental products, with water fluoridation accounting for 30 to 70 percent of a typical person’s total exposure. Fluoride is utilised in both consumer and commercial products, such as cleaning supplies. Workers in several occupations may be exposed to fluoride by inhalation of fluoride compounds during work.
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Global Inorganic Fluorides Market Overview
Inorganic fluorine compounds are widely employed as raw materials for speciality chemical synthesis downstream. Pharmaceutical intermediates, synthetic resins, rubber accelerators, fragrances, crop protection chemicals, and insecticides are all made with these compounds. During the projected period, this is expected to drive the worldwide inorganic fluorine compounds market. The iron and steel industry is the primary user of inorganic fluorine compounds. They are employed as a flux in steel production. They aid in lowering steel’s melting point. Inorganic fluorine compounds are used in the production of cast iron at a rate of 6 kg/t – 8 kg/t of metal, as well as in the production of some ferroalloys.
Fluoride is used in the production of cryolite, Na3AlF6, which is necessary for the smelting of aluminium. Fluoride therapy, both topical and systemic, is used to prevent tooth decay. Fluoride salts are often employed to block the action of serine/threonine phosphatases in biological test processing. Phosphatase inhibitors include beryllium fluoride and aluminium fluoride. Bifluoride salts (HF2-) are used to etch glass surface. Ammonium bifluoride and potassium bifluoride are two examples of bifluoride salts. Inorganic fluorine compounds are utilised as fluorinating agents in substitution reactions with aliphatic halides in organic chemistry. They’re also utilised in unsaturated compound reactions. Inorganic fluorine compounds are utilised as fluorinating agents in substitution reactions with aliphatic halides in organic chemistry. They’re also utilised in unsaturated compound reactions.
Global Inorganic Fluorides Market Segmentation Analysis
The Global Inorganic Fluorides Market is segmented on the basis of Type, End User, and Geography.
Inorganic Fluorides Market, By Type
- Ammonium Hydrogen Fluoride
- Calcium Fluoride
- Hydrogen Fluoride
- Sodium Fluoride
- Sulphur Hexafluoride
Global Inorganic Fluorides Market is segmented into Ammonium Hydrogen Fluoride, Calcium Fluoride, Hydrogen Fluoride, Sodium Fluoride and Sulphur Hexafluoride. Due to the increased demand for hydrogen fluoride in various speciality chemicals, the hydrogen fluoride type segment is expected to hold a major share of the market in the near future. Fluorocarbons, which are used in refrigeration and air conditioning, and as precursors to fluoropolymers and elastomers, are made from hydrogen fluoride as a raw material.
Inorganic Fluorides Market, By End User
- Aluminum Industry
- Oil & Gas Industry
- Pharmaceuticals
- Electronics
Global Inorganic Fluorides Market is segmented into Aluminum Industry, Oil & Gas Industry, Pharmaceuticals, and Electronics. The Aluminum Industry component is witnessing the highest market share with strong market growth during the forecast period in the global market. The Segment centres on the standing and opportunity for significant application value, market share, and growth valuation of each application.
Inorganic Fluorides Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of regional analysis, the Global Inorganic Fluorides Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Asia Pacific is estimated to account for a major share of the global market, owing to the presence of numerous glass and chemical companies in the region. The inorganic fluorine compounds market in China is anticipated to hold a prominent share of the market during the forecast period, due to the presence of several chemical industries in the country.
Key Players
The “Global Inorganic Fluorides Market” study report will provide valuable insight with an emphasis on the global market . The major players in the market are Solvay, Shanghai Mintchem Development Co, Navin Fluorine International Limited, Aditya Birla Group, Do-Fluoride Chemicals Co. Ltd, Sudfluor, Dakin, Honeywell, Dupont, Arkema. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
REPORT ATTRIBUTES | DETAILS |
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STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Solvay, Shanghai Mintchem Development Co, Navin Fluorine International Limited, Aditya Birla Group, Do-Fluoride Chemicals Co. Ltd, & Others |
SEGMENTS COVERED |
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CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Market Research
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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