PersistenceMarketResearch states that the global elemental fluorine market will witness a CAGR of close to 6% between 2020 and 2030.
Utmost care should be taken while handling elemental fluorine as it is toxic and also has violent reactivity. Electrophilic additions to and electrophilic fluorination of alkanes could be achieved, that too, on moderate counts by using the dilute version of fluorine with nitrogen. The temperatures have to be relatively low.
The application area of elemental fluorine includes aluminium production, enamel production, glass manufacturing, production of steel, refrigerants, uranium for the nuclear power (production of uranium hex afluoride – element used in the production of nuclear reactors in the form of fuel by uranium enrichment process), and insulating foams.
Polymers that contain elemental fluorine are valued owing to their remarkable properties. PVDF (polyvinylidene fluoride) and PTFE (polytetrafluorethylene) are two such examples. Moreover, fluorinated organic compounds find their way as electrolyte in the Lithium-ion batteries, pesticides, pharmaceuticals, surfactants, solvents, insecticides, blood substitutes, lubricants, and as a starting material to facilitate organic synthesis. These factors are there to bolster the elemental fluorine market in the upcoming period.
However, due to elemental fluorine’s toxicity (as stated above), it should be handled taking into account the facts that acute inhalation could result in dyspnea, respiratory irritation, and even death. Low overdose ingestion could produce salivation, gastrointestinal upset, and metallic taste lasting for around 48 hrs. High overdose ingestion may result in systemic symptoms on the part of coma, dysrhythmias, convulsions, acidosis, hypotension w/o compensatory tachycardia, and paresthesias. Hypocalcemia could cause coagulopathies.
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Europe and North America hold more than 50% of the market share. The status quo is expected to remain the same throughout.
The key market participants include Linde AG, Air Products and Chemicals, Inc., Kanto Denka Kogyo Co., Ltd., Solvay S.A., Pelchem SOC Ltd., Advance Research Chemicals, Inc., and Navin Fluorine International Ltd.