The global potassium fluoride market size was robust in 2021 and is expected to register a steady revenue CAGR over the forecast period. Electronics and transistors, metallurgy, ceramic production, resin manufacturing, and glass are the primary end-use applications driving the elemental potassium fluoride market. The element fluorine is commonly employed in the production of uranium hexafluoride, which is used as fuel in nuclear reactors through the enriched uranium method. Elemental fluorine is a kind of uranium that can be refined for the next stage of nuclear fuel production. With a rise in demand for fuel manufacture over the previous several years, the conversion plant rate is now at more than 75% capacity and is expected to reach 85% during the forecast period. Fluorinated organic compounds, such as salts and solutions in lubricants and insecticides, are expected to drive market revenue growth. Furthermore, important use of elemental fluorine in organic synthesis processes, nitrogen derivatives, and agents is expected to drive revenue growth of the potassium fluoride market during the forecast period.
Top Companies Operating in the Global Potassium Fluoride Market:
- Morita Chemical Industries Co., Ltd. (Japan)
- Aarti Industries Ltd. (India)
- B. Chemicals (India)
- Solvay S.A. (Belgium)
- Harshil Industries (India)
- Stella Chemifa Corporation (Japan)
- Nantong Jinxing Fluorides Chemical Co., Ltd. (China)
- Derivados Del Fluor Derivatives (Spain)
- Xinxianng Yellow River Fine Chemical Industry Co. Ltd. (China)
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
To give fluorine ions in the synthesis of different organic compounds, potassium monofluoride is utilized as a fluorinating agent. Rising global demand for organic chemicals is expected to drive revenue growth of potassium fluoride. The compound is utilized as a flux in the metallurgy industry for surface treatment applications such as coatings in metal, electroplating, and other applications. Increasing need for metallic surface treatments and tin plating is expected to drive revenue growth of the market. Furthermore, rising sales of high-quality glass are expected to drive compound growth since it is utilized as a flux in the production of high-quality glass. The inorganic compound may also be used to make agrochemicals such as insecticides, pesticides, and disinfectants. The fluoride compound is expected to benefit from increased usage of agrochemicals and disinfectants over the forecast period. The market is expected to gain from the rising demand for fluoride compounds used in organic chemical manufacturing. This fluoride chemical is employed in the production of various organic compounds as a fluorinating agent. Potassium fluoride is also utilized as a catalyst and dehydrating agent as a base in the reactions of various organic compounds. Rising global sales of organic chemicals are expected to improve the consumption rate of the compound in the next few years.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Potassium Fluoride market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Potassium Fluoride market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Potassium Fluoride market key players
3.2 Global Potassium Fluoride size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Potassium Fluoride market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Potassium Fluoride Market Segmentation
Type Outlook (Revenue, USD Billion; 2019-2030)
- Above 99%
- 99% and below
Application/ End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Organic Chemicals
- Agrochemicals
- Fluxing Agent
- Others
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