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According to a study published by Insure Insights, the global hexafluoroacetone derivative market is estimated to grow at a CAGR of 4.8% during the forecast period. Hexafluoroacetone derivatives are colorless, nonflammable, and hygroscopic chemical compounds. They are derived from hexafluoroacetone, which possess highly reactive properties with water, forming corrosive acids. These derivatives are generally used for organic synthesis and as a chemical reagent in several manufacturing processes, especially in applications such as pharmaceuticals, textile coating, solvents, adhesives, other agrochemicals. Hexafluoroacetone derivatives are used as intermediaries in a range of chemical processes.
Top Driver: Distinctive Physical Properties and Extended Application in Various Industries
Hexafluoroacetone derivatives are water-soluble and most organic solvent-soluble, which has resulted in their increasing employment into the pharmaceutical and agrochemical industries. They possess the strong ability to dissolve in various polymers such as hydrolyzed polyvinyl esters, polyesters, polyamides, polyacrylonitriles, and polyacetals. Major chemical firms are focusing on developing products such as hexafluoroacetone to protect the plant, thereby driving the market. In addition to this, hexafluoroacetone derivatives are considered building blocks for manufacturing synthetic pharmaceutical products. They increase the bioavailability of drugs due to their hygroscopic nature and improve the medical power of the drug and its anti-inflammatory effects.
Industrial Grade Segment Holds the Largest Market Share
The global hexafluoroacetone derivative market is segmented into industrial grade, reagents, and others based on the type of product. Among these, Industrial grade hexafluoroacetone derivatives segment dominate the market as they are used in bulk quantity due to extensive applicability in the polymer industry. Market players are focusing on reducing the overall hexafluoroacetone derivatives production cost to gain more profit. Production in bulk quantity reduces the production costs and also contributes significantly to better sourcing strategies. Based on the type of application, the market is segmented into textile coating, solvents, adhesives, and others.
Increasing Urbanization and Expanding the Establishment of Chemical Manufacturing Organizations to Benefit Asia Pacific Market
The Asia Pacific’s hexafluoroacetone derivatives industry is estimated to grow significantly in the forecast period. This growth rate can be attributed to increasing urbanization and expanding the establishment of chemical manufacturing organizations across the region. In addition to this, the proliferating population and requirement to improve agricultural productivity is estimated to drive the industry across the region. Emerging countries such as India and China are characterized by a rising population, expanding chemical industry, increasing industrial expenditures, and low cost of labor, thus providing a favorable environment to the overall hexafluoroacetone derivatives industry growth.
Players to Focus on Product Development in Various Applications
The global hexafluoroacetone derivative market is anticipated to stay fragmented due to the possible new entrants. The major key players operating in the market are Halocarbon Products Corporation, Hangzhou Dayangchem Co. Ltd., Leap Labchem Co., Ltd, Parchem Fine & Specialty Chemicals, Solvay S.A., Sigma-Aldrich Corporation, Central Glass Co., Ltd., Sinochem Lantian Co., Ltd., E. I. du Pont de Nemours and Company, and Zhejiang Sanhe Pharmachem Co., Ltd.
Solvay S.A.: In April 2019, Solvay stated that it is optimistic on the China’s green growth due to upgrading chemical industry and estimated it to expand steadily. This growing optimism about China will further drive the market growth during in the near future.
Scope of the Report
By Product
By Application
By Region
Key Reasons to Purchase this Report
Table of Content
Chapter 2 Our Research Practice
Chapter 4 Covid-19 Impact Analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global Bare Copper Conductor Market Forces
5.2 Porter’s Five Forces Analysis
5.2.2 Threats From New Entrants
5.2.4 Threat From Substitute Product
Chapter 6 Global Bare Copper Conductor Market -Industry Snapshots
6.1.1 Global Bare Copper Conductor Market Value, 2019 – 2028, (US$ Bn)
6.2.2 Restraint/Challenges analysis
6.3 Supply Chain/Value Chain Analysis
Chapter 7 Global Bare Copper Conductor Market Analysis, by Type
7.2 Key Findings for Bare Copper Conductor Market- By Type
7.2.1 Bare Copper Conductor Market- Soft drawn
7.2.2 Bare Copper Conductor Market- Medium hard drawn
7.2.3 Bare Copper Conductor Market- Hard drawn
Chapter 8 Global Bare Copper Conductor Market Analysis, by Application
8.2 Key Findings for Bare Copper Conductor Market- By Application
8.2.1 Bare Copper Conductor Market- Automotive
8.2.2 Bare Copper Conductor Market- Aerospace
8.2.3 Bare Copper Conductor Market- Energy Sectors
8.2.4 Bare Copper Conductor Market- Chemicals
8.2.5 Bare Copper Conductor Market- Electronics
8.2.6 Bare Copper Conductor Market- Others
Chapter 9 Bare Copper Conductor Market Analysis by Region
9.1 Key Findings for Bare Copper Conductor Market- By region
9.2.1 Global Bare Copper Conductor Market Analysis, By Type, 2019 – 2028
9.2.2 Global Bare Copper Conductor Market Analysis, By Application, 2019 – 2028
9.3 Bare Copper Conductor Market – North America
9.3.5 North America Market, By Type
9.3.6 North America Market, By Application
9.4 Bare Copper Conductor Market – Europe
9.4.8 Europe Market, By Application
9.5 Bare Copper Conductor Market – Asia Pacific
9.5.6 Asia Pacific Market, By Type
9.5.7 Asia Pacific Market, By Application
9.6 Bare Copper Conductor Market – SAMEA
9.6.2 Middle East & Africa (MEA)
9.6.5 South America, Middle East and Africa Market, By Type
9.6.6 South America, Middle East and Africa Market, By Application
Chapter 10 Market Competition Analysis
10.1 Market Share/Positioning Analysis
10.1.1 Market Positioning of Key Vendors, 2019
10.1.2 Key Strategies Adopted by the Leading Players
Chapter 11 Company Profiles- Snapshot
11.8 Slimlites Electricals Pvt. Ltd
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies”
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