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)
No. of Pages:
39
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Report Code:
TIPRE00025126
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Category:
Chemicals and Materials
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
South Africa Calcium Nitrate Market Segmentation
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
Company Profiles
Solvay
ARKEMA
Hyosung
Pelchem SOC Ltd.
The List of Companies - South Africa Fluorine Market
The List of Companies - South Africa Fluorine Market
Solvay
ARKEMA
Hyosung
Pelchem SOC Ltd.
Frequently Asked Questions
How big is the South Africa Fluorine Market?
The South Africa Fluorine Market is valued at US$ 1,782.00 thousand in 2020, it is projected to reach US$ 2,008.81 thousand by 2028.
What is the CAGR for South Africa Fluorine Market by (2021 - 2028)?
As per our report South Africa Fluorine Market, the market size is valued at US$ 1,782.00 thousand in 2020, projecting it to reach US$ 2,008.81 thousand by 2028. This translates to a CAGR of approximately 3.2 % during the forecast period.
What segments are covered in this report?
The South Africa Fluorine Market report typically cover these key segments-
Product Type (Fluorine, Fluorine/Nitrogen Gas Mixtures)
End-Use Industries (Pharmaceuticals, Pesticides, Plastics, Electronics, Refrigerants and Aircon, Aluminum Production, Mining and Metallurgical)
What is the historic period, base year, and forecast period taken for South Africa Fluorine Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South Africa Fluorine Market report:
Historic Period : 2018-2019
Base Year : 2020
Forecast Period : 2021-2028
Who are the major players in South Africa Fluorine Market?
The South Africa Fluorine Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Solvay
ARKEMA
Hyosung
Pelchem SOC Ltd.
Who should buy this report?
The South Africa Fluorine Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the South Africa Fluorine Market value chain can benefit from the information contained in a comprehensive market report.
Personal & transactional information is kept safe from unauthorized use.
WHAT'S INCLUDED IN FULL REPORT : Market Dynamics,
Competitive Analysis and Assessment, Define Business Strategies, Market Outlook and
Trends, Market Size and Share Analysis, Growth Driving Factors, Future Commercial
Potential, Identify Regional Growth Engines