The global fluorinated building blocks market was valued at USD 736.5 Million in 2019 and is projected to reach USD 958.4 Million by 2027 expanding at a CAGR of 4.5% during the forecast period, 2020-2027. Fluorinated building blocks are compounds containing negatively charged fluorine, which are used for preparing compounds. They are used for the synthesis of biologically active target structures. These fluorinated functionalized building blocks are prepared by the hydroformylation of fluorinated alkenes. Synthetically synthesize fluorinated compounds are also used for the preparation of drugs in pharmaceuticals and pesticides in agrochemicals. Several types of fluorinated building blocks are available in the market. They differ based on physiochemical properties, due to which they can be used for numerous applications.
Fluorine-based compounds are used for several medical applications such as dental care (topical fluoride reducing dental caries), and pharmaceuticals (majority of medicines from drugs class including analgesics, anesthetics, antibiotics, anticancer agents, antiviral, and anti-HIV). Fluorine has several biological properties, which makes its insertion in organic molecules attractive. Fluorinated building blocks have high thermal and chemical stability, they are more thermally resistant than non-fluorinated analogs. Fluorinated building blocks have high lipophilicity and they obtain high yields under mild reaction conditions. Difluoromethyl, trifluoromethyl, perfluorinated, F-Tagged, organic triflate, organometallic, and pentafluorosulfanyl are fluorinated organic building blocks. Moreover, alkyl fluorinated building blocks, alkenyl fluorinated building blocks, alkynyl fluorinated building blocks, and aryl fluorinated building blocks are few other types of fluorinated building blocks.
Increasing use of fluorine-based products in industries such as agriculture, pharmaceutical, and electronic, and robust product portfolio of fluorinated building blocks by manufacturers are a few factors fueling market growth. However, hazards associated to fluorine-based compound is one of the major factors restraining market growth. A majority of manufacturers have robust portfolio of fluorinated building blocks, which enables them to cater to different industrial sectors. Expansion of business portfolio and penetration into untapped market are projected to create growth opportunities for manufacturers.
Increasing Use of Fluorine-based Products as Agrochemicals in Agriculture
Fluorine plays an important role in developing agrochemicals including herbicides, insecticides, fungicides, and plant growth regulators. These agrochemicals are used in the agricultural industry by farmers for protecting their crops and improving the quality of crops. A majority of agrochemicals, including compounds, containing fluorinated substituents. Fluorine confers distinguishing biological properties which makes its insertion on organic molecules attractive, thus increasing the number of fluorinated intermediates under development in the agro science industry, which in turn, is expected to boost market growth.
Increasing Trend of Using Organofluorine Compounds
Organofluorines are the organic compounds contain the carbon–fluorine (C-F) bond. Types of these compounds include fluorocarbenes, fluorocarbons, hydrofluorocarbons, fluoropolymers, and perfluorinated. These compounds are used in several application such as inhaler propellant, fluorosurfactants, solvents, organofluorine reagents, and fluorous phases. Organofluorine chemistry has several applications in industries which provide products used in everyday life and technology. Use of different forms of fluorine is one of the trends in the market.
On the basis of types, the market is fragmented into trifluoromethyl (TFM), difluoromethyl (DFM), pentafluorosulfanyl, perfluorinated, F-tagged substituents, fluorination reagents, and others. These chemical compounds contain fluorine atom, and are used for several applications in different industries. Each compound has different physical and chemical properties. The trifluoromethyl (TFM) segment is expected to hold significant share of the market, and is expected to accelerate at significant CAGR.
In terms of applications, the market is segmented into chemistry experiments, industry, and others segments. The industry segment is expected to grow in future, and it includes industries such as agricultural and pharmaceuticals. Increasing adoption of fluorine-based compounds in these industries is expected to boost the demand for fluorinated building blocks market growth. The Industrial segment is expected to hold maximum share of the market, and is expected to expand at significant CAGR during the forecast period.
Based on regions, the fluorinated building blocks market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. These fluorine containing compounds are used for numerous applications by different industrial sector including pharmaceutical, agrochemicals, and electronics. Different forms of synthetic fluorinated compound are used for various applications depending on its stability and chemical properties. Asia Pacific is expected to witness significant growth during the forecast period owing to increasing agricultural activities and rising use of fluorine-based pesticides by farmers in the region. Moreover, increasing use of fluorine compound-based materials in the electronics industry and rising R&D activities in pharmaceutical and chemical synthesis in medical industry are expected to propel the growth of the market in North America and Europe.
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Yes, the report includes the list of fluorinated building blocks distributors and customers in the final report.
According to this Growth Market Reports report, the market from Fluorinated Building Blocks market is likely to register a CAGR of 4.5% during forecast period 2020-2027, with an anticipated valuation of USD 958.4 million by the end of the 2027.
In addition to market size (in USD Million), Company Market Share (in % for base year 2019) in final report.
Increasing use of fluorine-based products as agrochemicals in agriculture, growing application of fluorinated raw material in the pharmaceutical industry, growing application of fluorine-based compound in electronics are the factors expected to drive the market growth during forecast period.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is expected to witness decline in terms of sales of fluorinated building blocks in 2020 owing to the negative impact of COVID 19 pandemic on the fluorinated building blocks market. The shutdown of production activities, disruption in supply chain due to restrictions on transportation activities, and temporary decline in demand for fluorinated building blocks by industries are some of the prime reasons responsible for this market trend.
The base year considered for the global fluorinated building blocks market report is 2019. The complete analysis period is 2017 to 2020, wherein, 2017, and 2018 are the historic years and the forecast is provided from 2020 to 2027.
The Pharmaceutical Industry, Agrochemical Industry, Chemical Industry, and Electrical Industry, are the end-user driving the fluorinated building block market growth.
Major Manufactures include, Merck KGaA, Tokyo Chemical Industry Co., Ltd., Solvay, Tosoh USA, Inc. and others.
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