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Category:2008 softwareNorth America is the largest market for the global fluorine chemistry market. The high growth in the North America market is mainly due to the presence of several large scale industries which use fluorine based compounds in the manufacturing process. The North America fluorine market is the largest contributor to the overall fluorine market in North America. In addition, the development of several industries in the region is predicted to be a factor which is expected to boost the growth of the market. However, the high cost of fluorine based compounds is likely to be a restraining factor for the growth of this market in North America.
The fluorine chemistry market in the Asia Pacific region is expected to exhibit a high growth in the near future. This market is expected to grow at a moderate rate as compared to the global fluorine chemistry market. The high growth in the Asia Pacific region is mainly due to the presence of several large scale industries which use fluorine based compounds in the manufacturing process. Also, the economic development of several countries in the region is expected to be a factor which is expected to be a boost for the growth of the market. However, the presence of stringent environmental regulations in some countries in the region, including China, is expected to be a hindering factor for the growth of the market in Asia Pacific.
Global fluorine market trends, and summary of Product Energy Fluorine Hypochlorous Acid Flourosilanes Chemicals Global Market Analysis, 2014-2019
Source: MarketsandMarkets Analysis
The global fluorine chemistry market is expected to reach $9.13 Billion by 2020 from $6.05 Billion in 2014. This growth is estimated to be at an average annual growth rate of 5.7%. The growth of the market is mainly due to the development of several industries in the region such as chemical and pharmaceuticals and electronics, which use fluorine based compounds in the manufacturing process.
Among the various regions covered in the study, the North America fluorine chemistry market is estimated to hold the highest market share. The high growth of this market in the region is mainly due to the presence of several large scale industries in the region which use fluorine based compounds in the manufacturing process. Furthermore, the high growth in the North America fluorine chemistry market can be attributed to the development of several industries in the region, which results in increase in demand for fluorine based compounds.
On the other hand, the Asia Pacific fluor ac619d1d87
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