According to the recent 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 expected to reach a valuation of USD 979.1 million by 2026.
 

Growing applicability of the product across pharmaceutical, solvents, and textile coatings sectors is primarily driving the growth of global hexafluoroacetone derivatives market. The product is widely used as a solvent for various chemicals on account of its strong resistive properties.
 

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Increasing spending capacity of people has increased the overall textile consumption. Thus, rising adoption of hexafluoroacetone derivatives in textile vertical is boosting the market outlook. The product is also extensively used for coating  fabrics owing to its low cost and ability to improve fabric performance.
 

Polymer industry extensively uses hexafluoroacetone derivatives which are available in industrial grade. Manufacturers are developing innovative methods for mass production as well as  to decrease production cost. Moreover, commercial reagent formed during conversion of dimer to monomer is utilized as adhesives in pharmaceutical sector, which in turn is augmenting global hexafluoroacetone derivatives market share.
 

Speaking of application spectrum, the solvent segment held considerable share in global hexafluoroacetone derivatives market in the year 2019. Improved performance, high wear and fatigue resistance associated with hexafluoroacetone derivatives are fueling the product growth adoption in solvent applications. It is utilized as an intermediary in several chemical reactions.
 

From the regional perspective, Asia Pacific hexafluoroacetone derivatives industry is anticipated to grow substantially over the estimated timeframe owing to growing manufacturing base and increasing population. In addition, textile firms across APAC are using the product to enhance the quality of their products, further facilitating the regional market growth.
 

Meanwhile, hexafluoroacetone derivatives market in Europe and North America is poised to witness remunerative growth in the ensuing years, on account of vast production base and availability of advanced technology.
 

Leading organizations in global hexafluoroacetone derivatives market are Zhejiang Sanhe Pharmachem Co. Ltd., E.I. du Pont de Nemours and Company, Sinochem Lantian Co. Ltd., Central Glass Co. Ltd., Sigma-Aldrich Corporation, Solvay S.A., Leap Labchem Co. Ltd., Hangzhou Dayangchem Co. Ltd., and Halocarbon Products Corporation.