New York City, 11 Feb 2020 : The global Hexafluoroacetone
Derivatives market size is expected to reach USD 979.1 million
by 2026 according to a new study by Polaris Market Research. The report “Hexafluoroacetone Derivatives Market Share, Size, Trends,
Industry Analysis Report By Product (Industrial, Reagents, Others); By
Application (Textile Coating, Solvents, Adhesives, Pharmaceuticals, Others); By
Regions, Segments Forecast, 2020 – 2026” gives a detailed
insight into current market dynamics and provides analysis on future market
growth.
Growing applicability
across textile coatings, solvents, and pharma industry is majorly driving the
Hexafluoroacetone Derivatives market growth. Strong resistive properties of the
product against chemicals offering toughness have resulted in implementation of
the product as a solvent for multiple chemicals. Industry players are
developing novel products and implementing strong marketing strategies to
promote the Hexafluoroacetone Derivatives sales.
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Rising spending capacity of people has resulted in high textile
consumption across the and this factor is catering to the market growth.
Enhanced functional performance of the product has resulted in increased usage
across textile industry. Due to the low cost, fabrics are coated with
hexafluoroacetone derivatives to improve the performance of the fabric.
Hexafluoroacetone
derivatives available in industrial grade are utilized in bulk in polymer
industry. Manufacturers are finding ways to reduce the overall cost of the
production as well as innovative ways of mass production. One of the methods
widely used in manufacturing is conversion of dimer to monomer effected by
potassium fluoride in dimethylformamide. The commercial reagent formed is used
as adhesives in pharmaceutical industry. Such trends are benefitting the
overall hexafluoroacetone market growth over the forecast period.
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Solvent application
accounted for majority of market share in 2019. Enhanced performance of the
product offering high fatigue resistance and high wear resistance will drive
the product growth. The product is also used as an intermediary in various
chemical reactions. High solubility of these derivatives is boosting mass
consumption of the product. Increasing disposable income is resulting in high
demand for processed textiles treated with these derivatives.
Asia Pacific
hexafluoroacetone derivatives is expected to witness fastest growth over the
forecast study frame. Increasing manufacturing base in the region along with
growing population is a key factor driving the industry growth. Textile
companies are implementing the product to improve the quality and thereby
positively impacting the industry growth. Currently north America and Europe
hold majority of the industry share owing to presence of technology in the
region and vast production base.
The key players in the
market Halocarbon Products Corporation, Hangzhou Dayangchem Co. Ltd., Ltd,
Solvay S.A., Sigma-Aldrich Corporation, Central Glass Co., Ltd., Sinochem
Lantian Co., Parchem Fine & Specialty Chemicals, Leap Labchem Co.. E. I. du
Pont de Nemours and Company, among others. Development of distribution channels
and improving geographical footprint are some of the success factors in the
industry.
About Polaris Market Research
Polaris Market Research is a global market research and consulting
company. The company specializes in providing exceptional market intelligence
and in-depth business research services for our clientele spread across
different enterprises.
Contact Us:
Polaris Market Research
Phone: 1–646–568–9980
Email: sales@polarismarketresearch.com
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