ELEMENTAL FLUORINE MARKET ANALYSIS

As an elemental fluorine market research analyst, one of the major challenges for the market growth is the complex manufacturing process involved in producing elemental fluorine gas. Elemental fluorine is produced through electrolysis of molten potassium hydrogen fluoride or hydrogen fluoride. This process requires specialized equipment that can withstand the highly corrosive and reactive nature of fluorine. Moreover, the process needs to be carried out at very low temperatures of around -100°C to ensure containment of fluorine gas. According to the World Fluorine Industry Situation and Development Trend Report in 2021 by the China National Chemical Information Centre, only 13 companies from seven countries had the capability for large-scale elemental fluorine production as of 2020. Owing to these complex manufacturing steps, the production of fluorine gas is a capital intensive and energy intensive process.

Market Opportunity - Development of new fluorine applications for market

One of the key opportunities for growth in the elemental fluorine market is the development of new applications utilizing the unique properties of fluorine. Research is ongoing in utilizing fluorine compounds for newer fields such as renewable energy, healthcare, and electronics. For instance, in January 2023, according to projections from the United Nations, the percentage of the world population over 60 will increase from 12% to 22% between 2020 and 2050, which could drive major increases in biomedical research and adoption of advanced fluorinated medications. In the semiconductor sector, fluorine plasma treatment is being explored for etching applications in next-generation chip manufacturing. As new application areas emerge, it can drive greater demand for elemental fluorine from industries. This potential expansion into newer markets would boost the revenues and foster growth of the market over the long term.