Fluorobenzene Market
Fluorobenzene Market Forecasts to 2030 - Global Analysis By Type (Monofluorobenzene, Difluorobenzene, Trifluorobenzene, Tetrafluorobenzene and Pentafluorobenzene), Form, Purity Level, Distribution Channel, Application and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $660.45 MN |
|
Projected Year Value (2030) |
US $1255.49 MN |
|
CAGR (2024 - 2030) |
11.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Fluorobenzene Market is accounted for $660.45 million in 2024 and is expected to reach $1255.49 million by 2030 growing at a CAGR of 11.3% during the forecast period. Fluorobenzene is an aromatic organic compound with the chemical formula C6H5F. It consists of a benzene ring with one hydrogen atom replaced by a fluorine atom. This colourless liquid is used primarily as an intermediate in the production of pharmaceuticals, agrochemicals, and various organic compounds. Due to its electron-withdrawing fluorine substituent, fluorobenzene exhibits unique chemical properties, such as increased stability and altered reactivity compared to benzene. It is also utilized in the synthesis of more complex fluorinated aromatic compounds in chemical research and industrial applications.
Market Dynamics:
Driver:
Increasing demand for agrochemicals
As agricultural practices intensify to meet the food requirements of a growing global population, the need for effective crop protection solutions rises. This drives the production and consumption of agrochemicals, subsequently boosting the demand for fluorobenzene. Moreover, advancements in agrochemical formulations that enhance efficacy and environmental safety further stimulate the use of fluorobenzene, solidifying its role in the agrochemical industry and contributing to market expansion.
Restraint:
Health and environmental concerns
Health and environmental concerns regarding fluorobenzene arise due to its potential toxicity and environmental persistence. Exposure to fluorobenzene can cause respiratory and skin irritation, posing health risks to workers and end-users. Additionally, its production and disposal can lead to environmental contamination, impacting ecosystems. These concerns result in stringent regulations and safety requirements, increasing compliance costs for manufacturers. Therefore, this aspect hampers the market expansion.
Opportunity:
Rising demand for specialty chemicals
Fluorobenzene serves as a key intermediate in synthesizing complex molecules, enhancing the performance and efficacy of specialty chemicals. This demand drives innovations and advancements in chemical synthesis processes, making fluorobenzene an essential component. As industries seek more efficient and effective chemical solutions, the reliance on fluorobenzene grows, supporting its market expansion and creating new opportunities for manufacturers and suppliers in the specialty chemicals sector.
Threat:
Fluctuating raw material prices
Fluctuating raw material prices in fluorobenzene are primarily influenced by the volatility in the prices of key feedstocks, such as benzene and fluorine derivatives. These fluctuations can stem from changes in global supply and demand dynamics, geopolitical factors, and natural disasters affecting production regions. Such price instability complicates cost forecasting and planning for manufacturers, leading to uncertain profit margins and operational challenges. Consequently, higher production costs may discourage investment and expansion in the fluorobenzene market.
Covid-19 Impact
The covid-19 pandemic initially disrupted the fluorobenzene market due to supply chain disruptions, reduced industrial activities, and logistical challenges. However, as industries adapted to new norms, the pharmaceutical sector's increased focus on drug development and healthcare applications provided a resilient demand base for fluorobenzene. This shift, coupled with ongoing research and development activities, helped stabilize the market, albeit with ongoing considerations for supply chain resilience and operational continuity.
The liquid segment is expected to be the largest during the forecast period
The liquid segment is estimated to have a lucrative growth. Liquid fluorobenzene is a colourless aromatic compound with a molecular formula C6H5F. It is primarily used as a solvent in chemical reactions and as an intermediate in the synthesis of pharmaceuticals and agrochemicals. Fluorobenzene exhibits unique chemical properties due to the fluorine substitution on the benzene ring, enhancing its stability and reactivity in various reactions. It has a relatively low melting point of -41°C and boiling point of 84°C, making it suitable for a range of industrial applications where controlled solvation and chemical stability are crucial.
The agrochemical industry segment is expected to have the highest CAGR during the forecast period
The agrochemical industry segment is anticipated to witness the highest CAGR growth during the forecast period. Increasing global agricultural activities and the need for enhanced crop protection drive demand for agrochemicals, thereby boosting the demand for fluorobenzene. Its properties contribute to the effectiveness and efficiency of agrochemical formulations, supporting agricultural productivity. This segment benefits from ongoing agricultural advancements and regulatory approvals, further expanding fluorobenzene's market presence in agriculture.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period. The region is a major hub for chemical manufacturing, with countries like China, India, Japan, and South Korea leading in production and consumption of fluorobenzene and related compounds. Rapid industrialization, urbanization, and growth in sectors such as pharmaceuticals, agriculture, and chemicals drive demand for fluorobenzene in the region. Moreover, expanding middle-class population, favourable government policies, investments in R&D, and increasing focus on technological advancements further bolster market growth in the region.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to its strong presence in pharmaceuticals, agrochemicals, and chemical manufacturing industries. The region's advanced research capabilities and stringent regulatory environment shape the demand and production of fluorobenzene. The region's focus on innovation and sustainability in chemical manufacturing also influences market trends, encouraging the development of safer and more efficient production processes for fluorobenzene.
Key players in the market
Some of the key players profiled in Fluorobenzene Market include BASF SE, Alfa Aesar, Dow Chemical Company, Apollo Scientific Limited, Aurora Fine Chemicals LLC, Central Drug House Limited, Chemours Company, Thermo Fisher Scientific Inc., Jubilant Life Sciences Ltd., Matrix Scientific, Merck KGaA, MolPort, Oakwood Products Inc., Sigma-Aldrich Corporation, Sinopharm Chemical Reagent Corporation, Sisco Research Laboratories Limited, SynQuest Laboratories Inc. and Tokyo Chemical Industry Corporation.
Key Developments:
In August 2023, BASF launches new xarvio® Agro Experts program in Brazil to increase access and use of digital farming technologies. The program provides participating consultancies with access to xarvio's digital solutions and training through the Academy xarvio® Agro Experts. It underlines the company's commitment to proactively transforming agriculture, by making digital technologies more accessible through removing barriers to adoption and use.
In November 2022, Boston Scientific made agreement to acquire Apollo Endosurgery, Inc. or $615 million, or $10 per share in cash. The acquisition aimed to expand Boston Scientific's endoluminal surgery portfolio and add new technologies for endobariatric procedures.
Types Covered:
• Monofluorobenzene
• Difluorobenzene
• Trifluorobenzene
• Tetrafluorobenzene
• Pentafluorobenzene
Forms Covered:
• Liquid
• Solid
• Gas
Purity Levels Covered:
• High Purity (99% & Above)
• Medium Purity (95%-99%)
• Low Purity (Below 95%)
Distribution Channels Covered:
• Direct Sales
• Distributors/Wholesalers
• Online Retail
• Other Distribution Channels
Applications Covered:
• Pharmaceutical Industry
• Agrochemical Industry
• Chemical Industry
• Paints & Coatings Industry
• Plastics & Polymers Industry
• Electronics Industry
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Fluorobenzene Market, By Type
5.1 Introduction
5.2 Monofluorobenzene
5.3 Difluorobenzene
5.4 Trifluorobenzene
5.5 Tetrafluorobenzene
5.6 Pentafluorobenzene
6 Global Fluorobenzene Market, By Form
6.1 Introduction
6.2 Liquid
6.3 Solid
6.4 Gas
7 Global Fluorobenzene Market, By Purity Level
7.1 Introduction
7.2 High Purity (99% & Above)
7.3 Medium Purity (95%-99%)
7.4 Low Purity (Below 95%)
8 Global Fluorobenzene Market, By Distribution Channel
8.1 Introduction
8.2 Direct Sales
8.3 Distributors/Wholesalers
8.4 Online Retail
8.5 Other Distribution Channels
9 Global Fluorobenzene Market, By Application
9.1 Introduction
9.2 Pharmaceutical Industry
9.3 Agrochemical Industry
9.4 Chemical Industry
9.5 Paints & Coatings Industry
9.6 Plastics & Polymers Industry
9.7 Electronics Industry
9.8 Other End Users
10 Global Fluorobenzene Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 BASF SE
12.2 Alfa Aesar
12.3 Dow Chemical Company
12.4 Apollo Scientific Limited
12.5 Aurora Fine Chemicals LLC
12.6 Central Drug House Limited
12.7 Chemours Company
12.8 Thermo Fisher Scientific Inc.
12.9 Jubilant Life Sciences Ltd.
12.10 Matrix Scientific
12.11 Merck KGaA
12.12 MolPort
12.13 Oakwood Products Inc.
12.14 Sigma-Aldrich Corporation
12.15 Sinopharm Chemical Reagent Corporation
12.16 Sisco Research Laboratories Limited
12.17 SynQuest Laboratories Inc.
12.18 Tokyo Chemical Industry Corporation
List of Tables
1 Global Fluorobenzene Market Outlook, By Region (2022-2030) ($MN)
2 Global Fluorobenzene Market Outlook, By Type (2022-2030) ($MN)
3 Global Fluorobenzene Market Outlook, By Monofluorobenzene (2022-2030) ($MN)
4 Global Fluorobenzene Market Outlook, By Difluorobenzene (2022-2030) ($MN)
5 Global Fluorobenzene Market Outlook, By Trifluorobenzene (2022-2030) ($MN)
6 Global Fluorobenzene Market Outlook, By Tetrafluorobenzene (2022-2030) ($MN)
7 Global Fluorobenzene Market Outlook, By Pentafluorobenzene (2022-2030) ($MN)
8 Global Fluorobenzene Market Outlook, By Form (2022-2030) ($MN)
9 Global Fluorobenzene Market Outlook, By Liquid (2022-2030) ($MN)
10 Global Fluorobenzene Market Outlook, By Solid (2022-2030) ($MN)
11 Global Fluorobenzene Market Outlook, By Gas (2022-2030) ($MN)
12 Global Fluorobenzene Market Outlook, By Purity Level (2022-2030) ($MN)
13 Global Fluorobenzene Market Outlook, By High Purity (99% & Above) (2022-2030) ($MN)
14 Global Fluorobenzene Market Outlook, By Medium Purity (95%-99%) (2022-2030) ($MN)
15 Global Fluorobenzene Market Outlook, By Low Purity (Below 95%) (2022-2030) ($MN)
16 Global Fluorobenzene Market Outlook, By Distribution Channel (2022-2030) ($MN)
17 Global Fluorobenzene Market Outlook, By Direct Sales (2022-2030) ($MN)
18 Global Fluorobenzene Market Outlook, By Distributors/Wholesalers (2022-2030) ($MN)
19 Global Fluorobenzene Market Outlook, By Online Retail (2022-2030) ($MN)
20 Global Fluorobenzene Market Outlook, By Other Distribution Channels (2022-2030) ($MN)
21 Global Fluorobenzene Market Outlook, By Application (2022-2030) ($MN)
22 Global Fluorobenzene Market Outlook, By Pharmaceutical Industry (2022-2030) ($MN)
23 Global Fluorobenzene Market Outlook, By Agrochemical Industry (2022-2030) ($MN)
24 Global Fluorobenzene Market Outlook, By Chemical Industry (2022-2030) ($MN)
25 Global Fluorobenzene Market Outlook, By Paints & Coatings Industry (2022-2030) ($MN)
26 Global Fluorobenzene Market Outlook, By Plastics & Polymers Industry (2022-2030) ($MN)
27 Global Fluorobenzene Market Outlook, By Electronics Industry (2022-2030) ($MN)
28 Global Fluorobenzene Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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