Transparency Market Research in its new report titled, “Magnesium Fluoride Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the magnesium fluoride market. The TMR report anticipates that the rapid increase in agricultural and industrial activities will fuel the growth of the magnesium fluoride market during the forecast period i.e, 2018-2026. Properties of magnesium fluoride such as anti-reflection, low index material, and transparency in wide range of wavelength make it a suitable chemical compound that can be utilized as protective coating on medical devices and glass. These characteristics help boost the market growth, says the report.
Magnesium fluoride, which is a water insoluble magnesium source, is used in oxygen-sensitive applications, primarily metal production. Magnesium fluoride compounds are employed in a wide range of applications in current technologies and science, including oil refining and etching, synthetic organic chemistry, and manufacture of pharmaceuticals. Additionally, magnesium fluoride is commonly used for optical deposition and to alloy metals. Magnesium fluoride is available in various forms. These include ultra-high purity, high purity, submicron, and nanopowder. It is also available in various grades such as military grade, reagent and technical grade, food grade, agricultural and pharmaceutical grade, and others.
The report has segmented the Magnesium Fluoride Market in terms of geography into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among these, Asia Pacific accounts for the majority share of the global magnesium fluoride market. It is also anticipated to be the fastest growing region during the forecast period. Growth of the magnesium fluoride market in Asia Pacific is credited to the rapid increase in agricultural and industrial activities in the region. Furthermore, demand for magnesium fluoride is increasing in the pharmaceutical industry. This, in turn, is anticipated to drive its demand in the region. Europe is also projected to be a key region of the global magnesium fluoride market in the near future. Increase in demand for magnesium fluoride, specifically in Spain, Germany, and Italy, is expected to drive the magnesium fluoride market in the region. Rapid growth in demand for magnesium fluoride in various countries in Eastern Europe is also projected to fuel the demand for magnesium fluoride market in Europe. The magnesium fluoride market in North America, Latin America, and Middle East is likely expand at a steady pace during the forecast period.
Prominent companies operating in the magnesium fluoride market are Morita Chemical Industries, Henan Kingway Chemicals, Stella Chemifa Corporation, Fairsky Industrial, Fluoro Chemicals, Wuxi Ruiyuan Chemical, Fujian Qucheng Chemical, Jiangxi Yono Industry, Shangrao Comprehensive Fluoride Chemical, and Changshu Donghuan Chemical.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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