Increasing Use of Fluorine in End-Use Industries to Escalate Growth of South Africa Fluorine Market during 2021–2028

According to our latest market study on “South Africa Fluorine  Market Forecast to 2028 – COVID-19 Impact and Analysis – by  Product Type [Fluorine (100%) and Fluorine/Nitrogen Gas Mixtures (10–20%)] and End-Use Industries (Pharmaceuticals, Pesticides, Plastics, Electronics, Refrigerants and Aircon, Aluminum Production, Mining and Metallurgical, and Others),” the South Africa fluorine market was valued at US$ 1,782.00 thousand in 2020 and is projected to reach US$ 2,008.81 thousand by 2028; it is expected to grow at a CAGR of 3.2 % from 2021 to 2028.  The report highlights key factors driving the market growth and prominent players along with their developments in the market.

Fluorine is a univalent halogen that occurs in the form of a pale yellow gas, which is poisonous in nature. It is the most chemically reactive and electronegative of all the elements. Thus, it readily forms compounds with most other elements, including the noble gasses such as krypton, xenon, and radon. It is so reactive that glass, metals, and even water, among other substances, burn brightly in a jet of fluorine gas. Fluorine also finds applications in glass production and processing; hydrogen fluoride is used to etch glass. Further, the element plays a vital role in the production of nuclear materials for nuclear power plants and the insulation of high-voltage towers. It is used in the manufacturing of uranium hexafluoride, a nuclear fuel used to power nuclear power plants/warheads. Moreover, fluorine is used in the production of plastics such as Teflon. The fluoride compounds are important for keeping dental health as they prevent tooth decay by improving the resistance of the tooth enamel against acidic components. Furthermore, the use of fluorine in the metallurgical industry is increasing due to its role as a metal fabrication agent to clean the metal surfaces. Its demand is on rise in areas such as aluminum electrolysis, abrasives and ceramics production, electroplating, electrical engineering, electrochemical elements generation, and energy storage. It is also used in the manufacturing of chemicals, lubricants, dyes, and pesticides.

Solvay, ARKEMA, Hyosung, and Pelchem SOC Ltd. are among the well-established players operating in the South Africa fluorine  market.

Impact of COVID-19 Pandemic on South Africa Fluorine Market

The COVID-19 pandemic is adversely affecting industries in various cities due to lockdowns, travel bans, and business shutdowns. Chemicals & materials is one of the main industries suffering severe disruptions in the form of supply chain breaks, technology events cancellations, and office shutdowns. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the emergence of new variant of novel coronavirus that causes COVID-19 has compelled several cities and states to impose strict restrictions on social activities, which is adversely affecting business collaborations and partnerships. These factors are disrupting the chemical & materials industry and restraining the growth of various markets related to this industry. Amid the pandemic, factors such as shortfall in production activities and limitations on transportation services are impacting the growth of the South Africa fluorine market negatively.

The report includes the segmentation of the South Africa Fluorine market as follows:

Fluorine Market, by Product Type

• Fluorine (100%)
• Fluorine/Nitrogen Gas Mixtures (10–20%)

Fluorine Market, by End-Use Industries

• Pharmaceuticals
• Pesticides
• Plastics
• Electronics
• Refrigerants and Aircon
• Aluminium Production
• Mining and Metallurgical
• Other

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