South Africa Fluorine Market to Grow at a CAGR of 3.2% to reach US$ 2.00 Million from 2021 to 2028

Market Introduction

Fluorine is the most reactive chemical element and the lightest halogen. It is a pale yellow gas that has a pungent (very strong) odor. It is the most electronegative element and reacts with all chemical elements except argon, neon, and helium. The regional markets are expected to witness significant demand for fluorine during the forecast period due to the increasing use of fluorine in various industries, such as pharmaceuticals, pesticides, plastics, electronics, refrigerants and aircon, aluminum production, and mining and metallurgical. Fluorine is increasingly utilized in these industries for various purposes.

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South Africa Fluorine Strategic Insights

Strategic insights for the South Africa Fluorine provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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South Africa Fluorine Report Scope

Report Attribute	Details
Market size in 2020	US$ 1,782.00 thousand
Market Size by 2028	US$ 2,008.81 thousand
Global CAGR (2021 - 2028)	3.2 %
Historical Data	2018-2019
Forecast period	2021-2028
Segments Covered	By Product Type Fluorine Fluorine/Nitrogen Gas Mixtures By End-Use Industries Pharmaceuticals Pesticides Plastics Electronics Refrigerants and Aircon Aluminum Production Mining and Metallurgical
Regions and Countries Covered	South Africa South Africa
Market leaders and key company profiles	Solvay ARKEMA Hyosung Pelchem SOC Ltd.

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South Africa Fluorine Regional Insights

The geographic scope of the South Africa Fluorine refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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Market Overview and Dynamics

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. Agriculture contributes significantly to South Africa's GDP as the country's population grows, the demand for food supplies increases. According to Statistics South Africa (StatsSA), agriculture was the only sector that experienced growth in the fourth quarter of 2020 when compared to the previous quarter's performance. Fluorine plays an important role in insect control; it is effective against a wide range of nuisances, including bed bugs, termites, rats, and mice. Fluoride has long been used as a pesticide due to its high toxicity, and it is one of the constituents in ~30% of all agrochemicals. In addition, the pharmaceuticals industry is also growing in South Africa. The prevalence of various diseases such as HIV/AIDS, tuberculosis, diabetes, cardiovascular disease, hypertension, and cancer is rising. Fluorine has many applications in the medical field; it is used in mineralocorticoids such as fludrocortisone, which increases potency and anti-inflammatory effect of medicinal agents. Fluorine is also used in the manufacture of synthetic corticosteroids such as dexamethasone and triamcinolone. Further, fluoride is also added to public water supplies to help prevent tooth decay. Thus, the growing use of fluorine and its compounds in various industries is a major factor driving the market growth.

Although all humans and animals are exposed to fluorine and need small amounts, high doses of the element are extremely toxic and dangerous. As recommended by the World Health Organization, the total daily exposure to fluoride is ~0.6 mg/adult/day in an area where fluoride is not added to drinking water and 2 mg/adult/day in a fluoridated area. Fluorine gas is a powerful irritant to the eyes, skin, and lungs, and in larger amounts, it can be fatal. The traces of fluorine are found in air, water, and plant- and animal-based food. The fluorine content is higher in some foods, including tea and seafood. While small amounts of fluorine are needed for the strength of bones and teeth, too much fluorine can lead to osteoporosis or cavities, and potentially damage nerves, kidneys, and muscles.

Key Market Segments

Based on end-use industries, the South Africa fluorine market is segmented into pharmaceuticals, pesticides, plastics, electronics, refrigerants and aircon, aluminum production, mining and metallurgical, and other. The pharmaceutical segment held the largest share of the market in 2020. Fluorine is a common element added to medications as it can increase the selectivity of the drug, allow it to dissolve in fats, and slow the rate of its metabolism, thus giving it more time to work. It is a part of ~20% of total drugs available in market. Fluorine is often added to drug molecules during drug design because even a single atom can greatly alter the chemical properties of the molecule in the desired way. The element is also used in common mineralocorticoids, a class of drugs meant to increase blood pressure. The addition of fluorine increases both its medicinal potency and anti-inflammatory effects. Fluorinated fludrocortisone is one of the most widely used drugs. Dexamethasone and triamcinolone, which are among the most potent synthetic classes of corticosteroids, also contain fluoride.

Major Sources and Companies Listed

A few major primary and secondary sources referred to while preparing the report on the fluorine market in South Africa are company websites, annual reports, financial reports, national government documents, and statistical database. Solvay, ARKEMA, Hyosung, and Pelchem SOC Ltd. and among the Major companies listed in the report.

Reasons to Buy Report

To understand the South Africa fluorine market landscape and identify market segments that are most likely to guarantee a strong return
To stay ahead of the race by comprehending the ever-changing competitive landscape for South Africa fluorine market
To Efficiently plan M&A and partnership deals in South Africa fluorine market by identifying market segments with the most promising probable sales
To make knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form South Africa fluorine market
To obtain market revenue forecast for market by various segments from 2021–2028 in South Africa