Fluorine Derivatives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Fluorine Derivatives Market Analysis
The fluorine derivatives market is expected to register a CAGR of over 4% during the forecast period of 2022-2027.
During the outbreak of COVID-19, the search for effective and economical drugs that would reduce the risk of progression of the coronavirus disease became abundantly clear. Fluorinated oral drugs against COVID-19, including Paxlovid, the first oral tablet to treat COVID-19, form an important subgroup. Fluorine derivatives are widely used in the pharmaceutical market and can lead to improved selectivity indices, increased lipophilicity, greater metabolic stability, and improved anti-COVID-19 efficacy.
- Over the short term, the market is driven by large industries as they have a high demand for fluorine, which is light and more cost-effective than gas. Furthermore, increasing end-users such as uranium hexafluoride and increasing end-use of sulfur fluoride are expected to increase the global consumption of fluorine derivatives, leading to market growth.
- However, it is estimated that the demand for fluorine derivatives will decrease shortly due to the harmful hazardous effects during transportation if the gas is released. In addition, the complex manufacturing process discourages the entry of new entrants and is likely to slow down market growth and prevent market expansion.
- Nevertheless, research and development activities play a significant role in the growth of the fluorine derivatives market. Players are engaged in these activities to discover insights and formulations. These formulations help increase the players' revenue and possibly contribute to market growth.
- North America is expected to dominate the global market during the forecast period.
Fluorine Derivatives Market Trends
This section covers the major market trends shaping the Fluorine Derivatives Market according to our research experts:
Booming Demand from the Pharmaceutical Segment
- 4-Fluoro-3-chloroaniline is an organic fluorinated building block used to synthesize pharmaceutical and biologically active compounds. 2,6-Difluorobenzamide is an off-white powder used as an essential intermediate in synthesizing benzoylurea insecticides and pharmaceutical chemicals.
- As per the World Bank data, the structure of the global pharmaceutical manufacturing industry is highly concentrated, with relatively few firms in the United States, a handful in European countries, and a lesser extent in India and China.
- According to AstraZeneca, covid vaccine sales in 2021 were USD 1,186 billion, an increase of almost 8% compared to the total of USD 1,101 billion in 2020, indicating a significant increase in demand.
- The healthcare and pharmaceutical sector in the United States is one of the most advanced sectors in the global market. According to the Centers for Medicare & Medicaid Services, the nation's healthcare spending grew 9.7% in 2020 to USD 4.1 trillion. Healthcare spending accounted for around 19.7% of the country's GDP.
- An increase in per capita health care expenditure, advancement in health infrastructure, availability of insurance policies, and increase in the number of infectious and chronic diseases in the country have led to the hospitalization of several patients and the use of various medical services and pharmaceutical drugs. This has also increased the demand for fluorine derivatives in pharmaceutical applications.
North America Region to Dominate the Market
- North America dominates the fluorine derivatives market in terms of market share and market revenue. The region is set to continue to flourish in its dominance over the forecast period.
- The increasing use of fluorine derivatives in the pharmaceutical and nuclear fuels industries shall drive market growth.
- The rise in healthcare expenditure, government focus on consumers' overall health, and technological advancement are the key factors driving the North American fluorine derivatives market size.
- The United States has the largest pharmaceutical market in North America. The country accounts for around 45% of the global pharmaceutical market and around 22% of global production. The United States pharmaceutical sales and output remain robust due to the ongoing vaccinations and ramp-up demand for essential and non-essential medical treatments.
- All the attributes mentioned above are likely to drive market growth.
Fluorine Derivatives Industry Overview
The fluorine derivatives market is consolidated in nature. Some of the major manufacturers in the market include Thermo Fisher, VIO CHEMICALS, NINGBO INNO PHARMCHEM, Alchem Synthon Pvt, Ltd., Shijiazhuang Old Bridge Chemicals Co., and others.
Fluorine Derivatives Market Leaders
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Thermo Fisher
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VIO CHEMICALS
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NINGBO INNO PHARMCHEM
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Alchem Synthon Pvt. Ltd
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Shijiazhuang Old Bridge Chemicals Co.
*Disclaimer: Major Players sorted in no particular order
Fluorine Derivatives Market News
- In February 2022, Anupam Rasayan India Ltd (ARIL) acquired 24.96% of the total stake of Tanfac Industries Ltd (TIL) from Birla Group Holdings Pvt Ltd (BGH) and several other promoter groups. They have added specialized fluorine derivatives that find applications in crop protection, pharmaceutical intermediates, and polymers.
Fluorine Derivatives Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing End-Users of Fluorine Derivatives such as Uranium Hexafluoride
- 4.1.2 Increasing End-Use of Sulfur Fluoride
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4.2 Restraints
- 4.2.1 Hazardous Effects During Transportation
- 4.2.2 Complex Manufacturing Process Discourages the Entry of New Entrants
- 4.3 Industry Value-Chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Derivatives
- 5.1.1 3-Chloro-4-Flouro Aniline
- 5.1.2 2,4-Diflouro Benzylamine
- 5.1.3 2,6-Diflouro Benzamide
- 5.1.4 2,4-Difluoro Aniline
- 5.1.5 Other Derivatives
-
5.2 Applications
- 5.2.1 Pharmaceutical
- 5.2.2 Organic Synthesis
- 5.2.3 Agrochemicals
- 5.2.4 Other Applications
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Spain
- 5.3.3.6 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share(%)**/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Aarti Industries
- 6.4.2 Alchem Synthon Pvt. Ltd
- 6.4.3 Gujarat Fluorochemicals Limited (GFL)
- 6.4.4 Krishna Solvechem Ltd
- 6.4.5 Kingchem Life Science LLC
- 6.4.6 Merck KGaA
- 6.4.7 NINGBO INNO PHARMCHEM
- 6.4.8 Shijiazhuang Old Bridge Chemicals Co.
- 6.4.9 Thermo Fisher
- 6.4.10 VIO CHEMICALS
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Research and Development Activities play a Significant Role in the Growth of the Fluorine Derivatives Market
Fluorine Derivatives Industry Segmentation
Fluorine derivatives are obtained from compounds using a chemical reaction. Compounds are synthesized using molecules with higher absorption wavelengths to obtain compounds with the finest properties of fluorinated derivatives. Direct fluorination of the compounds under acidic conditions leads to the production of their mono-, di- and trifluorinated derivatives in moderate yields. The fluorine derivatives market is segmented by derivative, application, and geography. By product, the market is segmented into 3-Chloro-4-fluoro Aniline, 2,4-Diflouro Benzylamine, 2,6-difluoro Benzamide, 2,4-difluoro Aniline, and others. By application, the market is segmented into pharmaceuticals, organic synthesis, agrochemicals, and others. The report covers the market size and forecast for the fluorine derivatives market in 16 countries across major regions. For each segment, the market sizing and forecasts are based on USD million revenue.
| Derivatives | 3-Chloro-4-Flouro Aniline | |
| 2,4-Diflouro Benzylamine | ||
| 2,6-Diflouro Benzamide | ||
| 2,4-Difluoro Aniline | ||
| Other Derivatives | ||
| Applications | Pharmaceutical | |
| Organic Synthesis | ||
| Agrochemicals | ||
| Other Applications | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Fluorine Derivatives Market Research FAQs
What is the current Fluorine Derivatives Market size?
The Fluorine Derivatives Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Fluorine Derivatives Market?
Thermo Fisher , VIO CHEMICALS , NINGBO INNO PHARMCHEM , Alchem Synthon Pvt. Ltd and Shijiazhuang Old Bridge Chemicals Co. are the major companies operating in the Fluorine Derivatives Market.
Which is the fastest growing region in Fluorine Derivatives Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Fluorine Derivatives Market?
In 2024, the North America accounts for the largest market share in Fluorine Derivatives Market.
What years does this Fluorine Derivatives Market cover?
The report covers the Fluorine Derivatives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Fluorine Derivatives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Fluorine Derivatives Industry Report
Statistics for the 2024 Fluorine Derivatives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Fluorine Derivatives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
