Sulfur Tetrafluoride Market Size, Share, Growth and Industry Analysis, By Type (0.94, 0.99 and Others), By Application (Pharmaceutical, Agrochemical and Others), Regional Insights, and Forecast To 2031

Updated On: 20 November 2023

SULFUR TETRAFLUORIDE MARKET REPORT OVERVIEW

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global sulfur tetrafluoride market size was USD 186.8 million in 2021 and market is projected to touch USD 1153.5 million by 2031 at CAGR 19.8%.

The global COVID-19 pandemic has been unprecedented and staggering; with the sulfur tetrafluoride market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.

With the chemical formula SF4, sulfur tetrafluoride is a substance. The gas has no color. It is a corrosive species that, when exposed to water or moisture, emits hazardous hydrogen fluoride (HF). In spite of these undesirable qualities, this substance serves as a helpful reagent for the production of organ fluorine compounds, some of which are crucial to the electronic and specialized chemical industries. The largest SF4 fluorination facility in the world: NFIL (Navin Fluorine International Ltd) already runs one of the good manufacturing practices (cGMP) certified fluorination facilities in India, and the new plant will allow it to keep up with the rising global demand for fluorinated intermediates, particularly those used in the development of pharmaceutical intermediates.

COVID-19 Impact: Decrease in Demand due to Restrictions Imposed by Various Countries

With the spread of the deadly COVID-19 virus in the beginning of 2020, which in turn led to many industries and businesses halting or shutting down altogether their operations. With the spread of the pandemic governments around the globe imposed various restrictions on trade, transportation import as well as export of many goods across various nations. This also meant that manufacturers who were involved in producing sulfur were affected as well as they could not continue their daily operations of the product. Besides this the end users of this product also put a halt in their demand for this product which further affected the demand and sales of sulfur tetrafluoride during the pandemic.

LATEST TRENDS

"Use of Fluorinated Compounds for Improved Performance in Medicine and Molecular Imaging "

In the disciplines of molecular imaging, medicines, and materials, sulfur tetrafluoride fluorinated compounds are frequently employed. Because fluorine atoms are uncommon in nature, adding them to organic compound molecules can give them improved performance and new activities. Fluorinated natural products are rare in nature. As a result, both biologists and chemists are paying increasing attention to the production of fluorides. Even so, selective fluorination under benign circumstances remains a formidable issue.

SULFUR TETRAFLUORIDE MARKET SEGMENTATION

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• By Type

Based on type, the market is distributed into 0.94, 0.99 and Others

• By Application

Based on application, the market is divided into Pharmaceutical, Agrochemical and Others

DRIVING FACTORS

"SF4 can be used to Fluorinate Organic Functional Groups under Benign Conditions"

Carbonyl compounds, alcohols, and halides are just a few examples of the organic functional groups that can be fluorinated using the gaseous reagent sulfur tetrafluoride. Treatment of carbonyl compounds usually transforms them into organic fluorides of equivalent oxidation state, such as the transformation of carboxylic acids into ketones, trifluoromethyl compounds, and aldehydes into difluorides, among other processes. The reaction is one of the few ways to introduce fluorine directly at a specific spot under very benign conditions, and it has a wide range of applications.

"Being the Most Potent Organic Fluorinating Agent so can be used in Medicine and Pesticide Production"

Sulfur tetrafluoride can selectively fluorinate carbonyl and hydroxyl (substituted oxygen of carbonyl compounds), which makes tetrafluoride the most powerful selective organic fluorinating agent currently in use. It is widely used in chemical high-grade and high-end liquid crystal material medicine and the production of pesticide intermediates, where it holds an irreplaceable position. These factors aid in increasing the sulfur tetrafluoride market growth throughout the forecast period.

RESTRAINING FACTOR

"Can cause Severe Health Problems if come in Direct Contact with Sulfur Tetrafluoride"

Sulfur tetrafluoride releases a harmful gas which means that when it makes direct contact with the skin it can cause various harmful effects. Some of the problems include respiratory related problems if the fumes are inhaled, irritation to the eyes as well as skin irritations, besides this people can experience tightness in the chest, and in some cases even cause skin burns. Therefore while working with this substance the workers have to use protective gear such as gloves, masks, glasses and other such equipment so as to not to come in direct contact with this substance.  

SULFUR TETRAFLUORIDE MARKET REGIONAL INSIGHTS

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"Developments in Pharmaceutical and Electronic as well as Population Growth aid North America to lead during the Forecast Period"

During the projected period North America region is foreseen to lead the sulfur tetrafluoride market share. This is due to remarkable developments taking place in the pharmaceutical and electronic industry. Besides this, expansion in this area is also anticipated as a result of population growth, rising disposable income, and substantial advancements in the agrochemical industry. All these factors aid the growth in the North America region during the projected period.

KEY INDUSTRY PLAYERS

"Top Operators Maintain their Market Position by Gaining Competitive Edge and Examining Tactics used by their Rivals"

The two main companies currently operating in the global sulfur tetrafluoride market more effectively are air products and shandong ruihua fluoride industry. They do this to maintain their leadership positions, register significant market shares, produce the highest percentages of revenue, drive the highest market growth, and gain a competitive edge by raising consumer awareness of the uses and benefits of sulfur and by examining the tactics used by their rivals.

List of Market Players Profiled

• Air Products (U.S.)
• Shandong Ruihua Fluoride Industry (China)

REPORT COVERAGE

This report covers the sulfur tetrafluoride market. The CAGR expected to be in during the forecast period, and also the USD value in 2021 and what it is expected to be in 2031. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.