The Global Fluoroacetic Acid Market size is predicted to grow at a CAGR of 5.2% from 2021 to 2028, and reach USD 1.3 billion by the end of 2028. Fluorinated carboxylic acids are used as pesticides, rodenticides, herbicides, and intermediates in pharmaceuticals. The high demand for these chemicals arises due to their toxicity towards insects and rodents, which makes them ideal for pest control applications.
Fluoroacetic Acid, also known as monochloroacetate or dichloroacetyl fluoroacetate is an ester of fluoro acetic acid. The chemical compound has been used in agriculture and industry for its herbicidal properties on broad-leaf weed vegetation.
On the basis of Types, the market is segmented into 95% and 98%. Of these, the fluoro acetic acid with 95% purity is more commonly used as a pesticide. The growing demand for effective weed control agents in agriculture has increased the penetration levels of this product significantly.
On the basis of Application, the market is segmented into Rodenticides, Pesticides & others. Amongst all markets, the rodenticide segment generated the highest revenue share during 2018 and is expected to have a significant growth rate over the forecast period owing to the increasing need for pest management on a global scale due to its environmental impacts.
Fluoroacetic Acid is highly effective for killing rats, mice, and other rodents. It is the only chemical that can kill rodents without contaminating food or animal feed since it has no carbon chain. In addition to this, Fluoroacetic Acid cannot be metabolized by mammals making it much more lethal than anticoagulants which are slowly metabolized in human bodies over a period of time even after ingestion leading to death.
Fluoroacetic Acid is used in various pesticides and herbicides as it acts very fast on pests. It eliminates insects, weeds, rodents, etc. by hindering their growth at a cellular level.
On the basis of Region, the market is segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Among these regions, the European region is expected to be a dominant market in the Fluoroacetic Acid Market during the forecast period owing to high demand for pesticides from end-user industries such as the energy sector (oil & gas industry), automotive sector, etc.
The increasing demand for fluorinated chemicals in end-use industries such as pharmaceuticals, electronics, and textile is the major factor propelling the growth of the global fluoro acetic acid market. The rising concerns regarding environmental issues are expected to create significant opportunities for Fluoroacetic Acid Market players. Moreover, growing applications of these acids across various industrial verticals will also drive its demand over the forthcoming years. However, fluctuating prices of key raw materials may hamper this market’s growth during the forecast period.
Up Market Research published a new report titled “Fluoroacetic Acid Market research report which is segmented by Types (95% Purity, 98% Purity), By Applications (Rodenticides, Pesticides, Others), By Players/Companies Yuhao Chemical, Aurora Fine Chemicals, Angene Chemical, ACT Chemical, BOC Sciences”.
Report Attributes | Report Details |
Report Title | Fluoroacetic Acid Market Research Report |
By Type | 95% Purity, 98% Purity |
By Application | Rodenticides, Pesticides, Others |
By Companies | Yuhao Chemical, Aurora Fine Chemicals, Angene Chemical, ACT Chemical, BOC Sciences |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 206 |
Number of Tables & Figures | 145 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type 95% Purity, 98% Purity and By Application Rodenticides, Pesticides, Others.
Some of the companies that are profiled in this report are:
Fluoroacetic Acid Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Fluoroacetic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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