According to the research report titled ‘Hexafluoroacetone Derivatives Market Share, Size, Trends, Industry Analysis Report By Product; By Application; By Regions, Segment Forecast, 2020 - 2026’, available with Market Study Report, global hexafluoroacetone derivatives market is projected to register an appreciable growth rate over 2020-2026, subsequently reaching a valuation of USD 979.1 million by the end of the forecast period.
 

As per the findings of the report, the growth of global hexafluoroacetone derivatives market is largely driven by growing demand for applications in solvents, textile coatings, and pharmaceuticals. Moreover, increasing textile consumption due to rising spending capacity of people is boosting the industry growth.
 

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Notably, strong resistive properties of hexafluoroacetone derivatives against chemicals has favored the use of the product as a solvent for multiple chemicals. Whereas, its ability to enhance functional performance of the product at a low cost has resulted in increased utilization across textile industry.
 

Based on product type, global hexafluoroacetone derivatives market from industrial grade segment will likely witness modest gains in the coming years owing to extensive product utilization in the polymer industry.  Moreover, increasing efforts of manufacturers to reduce overall production cost and discover innovative methods for mass production are boosting the segmental share.
 

Elaborating on application scope, solvents segment accounted for majority of global hexafluoroacetone derivatives market share in 2019. Benefits such as enhanced product performance, high fatigue resistance, and high wear resistance are fueling the demand for solvents. Moreover, product applicability as an intermediary in several chemical reactions is supporting the segment growth. Further, high solubility of these derivatives is augmenting product consumption. Besides, escalating demand for processed textiles treated with these derivatives is enhancing the industry outlook.
 

Considering the geographical outlook, North America and Europe are currently the leading contributors to global hexafluoroacetone derivatives market growth, creditable to availability of advanced technology and presence of widespread production base in these regions.
 

Meanwhile, Asia Pacific industry size is slated to expand at a robust pace, owing to factors such growing number of manufacturing units and inflating population in the region.
 

Speaking of the competitive arena, top contenders in global hexafluoroacetone derivatives market sphere are Zhejiang Sanhe Pharmachem Co., Ltd., Central Glass Co., Ltd., Sigma-Aldrich Co., Parchem Fine & Specialty Chemicals, Leap Labchem Co., Ltd., Hangzhou Dayangchem Co., Ltd., and Halocarbon Products Corp.