Fluorine Derivatives Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The fluorine derivatives market is expected to register a CAGR of over 4% during the forecast period of 2022-2027.
During the outbreak of COVID-19, the search for effective and economical drugs that would reduce the risk of progression of the coronavirus disease became abundantly clear. Fluorinated oral drugs against COVID-19, including Paxlovid, the first oral tablet to treat COVID-19, form an important subgroup. Fluorine derivatives are widely used in the pharmaceutical market and can lead to improved selectivity indices, increased lipophilicity, greater metabolic stability, and improved anti-COVID-19 efficacy.
Key HighlightsThe fluorine derivatives market is consolidated in nature. Some of the major manufacturers in the market include Thermo Fisher, VIO CHEMICALS, NINGBO INNO PHARMCHEM, Alchem Synthon Pvt, Ltd., Shijiazhuang Old Bridge Chemicals Co., and others.
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