Bangladesh Elemental Fluorine Market (2022-2028) | Size, Share, Outlook, Growth, Industry, Revenue, Forecast, Analysis, Trends, Value & COVID-19 IMPACT

Bangladesh Elemental Fluorine Market Synopsis

Bangladesh Elemental Fluorine Market is likely to gain momentum during the upcoming years. Bangladesh is a populous country located in southern Asia, bordering the Bay of Bengal, between Burma and India. Bangladesh is the world’s eighth most populous country. The capital and largest city is Dhaka, with a population of over 10 million people.

According to 6Wresearch, the Bangladesh Elemental Fluorine Market size is expected to grow during 2022-2028. The economy of Bangladesh is largely dependent on agriculture, but the country has also developed a significant manufacturing sector, particularly in the textile and garment industries. Bangladesh is one of the world’s leading exporters of ready-made garments (RMG). 

The Bangladesh government has identified fluorine-based chemicals as a priority area for development and has been working to attract investment in this sector. Fluorine is an element that has many applications in industry, including in the production of refrigerants, aluminum fluoride (used in aluminum smelting), hydrofluoric acid (used in stainless steel pickling) and fluoropolymers (used in non-stick coatings).

Bangladesh does not have any significant reserves of fluorite (the main source of elemental fluorine), but the country does have reserves of phosphate rock, which can be used to produce phosphoric acid. 

Fluorine is a chemical element with the symbol F and atomic number 9. It is the lightest halogen and exists as a highly toxic pale yellow diatomic gas at standard conditions. As the most electronegative element, it is extremely reactive: almost all other elements, including some noble gases, form compounds with fluorine.

Elemental fluorine atoms have nine electrons around the nucleus, two fewer than neon, and thus experience greater repulsion for additional electrons added to the same shell. This extra stability makes it difficult for organic chemists to add fluorine atoms to molecules because substitution usually causes substantial changes in molecular properties (such as polarity) that can make them much less useful than their starting materials. 

Bangladesh has been export-oriented economy since independence and achieved significant growth in export earnings. The country's export basket is diversified with more than 300 products having a share in total exports. In recent years, Bangladesh has shifted its focus on value addition which has resulted in an increase in export of intermediate goods and higher value-added products such as ready-made garments (RMG), pharmaceuticals and frozen food. 

The Asia-Pacific elemental fluorine Market is expected to be the largest market for elemental fluorine during the forecast period. 

Market Analysis by application

• Aluminum production is the largest application segment of the elemental fluorine market in Bangladesh. 
• The refrigeration and air conditioning application segment is expected to be the second-largest consumer of elemental fluorine in Bangladesh. The demand for elemental fluorine in this application is expected to grow during the forecast period.

Key Players in Bangladesh Elemental Fluorine Market

In terms of key players, the report mentions some of the leading manufacturers operating in the elemental fluorine market in Bangladesh, such as Linde Bangladesh Ltd., Solvay Chemicals Inc., and Air Products and Chemicals Inc. 

COVID-19 Impact on Bangladesh Elemental Fluorine Market

The partial or complete lockdown imposed by the government of the country led to decline in Bangladesh Elemental Fluorine Market Growth. Thew travel restrictions were imposed across the globe that further hampered the non-essential movement and disrupted the production and supply chain. 

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.

Key Highlights of the Report

• Bangladesh Elemental Fluorine Market Outlook
• Market Size of Bangladesh Elemental Fluorine Market, 2021
• Forecast of Bangladesh Elemental Fluorine Market, 2028
• Historical Data and Forecast of Bangladesh Elemental Fluorine Revenues & Volume for the Period 2018 - 2028
• Bangladesh Elemental Fluorine Market Trend Evolution
• Bangladesh Elemental Fluorine Market Drivers and Challenges
• Bangladesh Elemental Fluorine Price Trends
• Bangladesh Elemental Fluorine Porter's Five Forces
• Bangladesh Elemental Fluorine Industry Life Cycle
• Historical Data and Forecast of Bangladesh Elemental Fluorine Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Elemental Fluorine Market Revenues & Volume By Metallurgy for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Elemental Fluorine Market Revenues & Volume By Glass & Ceramics Manufacturing for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Elemental Fluorine Market Revenues & Volume By Sulphur Hexafluoride & Halogen Fluoride for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Elemental Fluorine Market Revenues & Volume By Electronics & Semiconductor for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Elemental Fluorine Market Revenues & Volume By Polymer Manufacturing & Processing for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Elemental Fluorine Market Revenues & Volume By Nuclear Fuel for the Period 2018 - 2028
• Historical Data and Forecast of Bangladesh Elemental Fluorine Market Revenues & Volume By Others for the Period 2018 - 2028
• Bangladesh Elemental Fluorine Import Export Trade Statistics
• Market Opportunity Assessment By Application
• Bangladesh Elemental Fluorine Top Companies Market Share
• Bangladesh Elemental Fluorine Competitive Benchmarking By Technical and Operational Parameters
• Bangladesh Elemental Fluorine Company Profiles
• Bangladesh Elemental Fluorine Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Application

• Metallurgy
• Glass & Ceramics Manufacturing
• Sulphur Hexafluoride & Halogen Fluoride
• Electronics & Semiconductor
• Polymer Manufacturing & Processing
• Nuclear Fuel
• Others

Bangladesh Elemental Fluorine Market: FAQs