Trifluoroethanol Market Trends, Growth Opportunities, Size and Share Global Forecast Analysis - 2024 to 2033
According to a research report on the global trifluoroethanol market , the market is expected to grow at a CAGR of 6.3 % between 2024 and 2033, reaching a market size of US$930 million by the end of 2033. The market size in 2023 was US$310 million .
The global trifluoroethanol market is expected to expand due to the increasing demand in the pharmaceutical industry. Trifluoroethanol serves as an important solvent and protein denaturant used in pharmaceutical industry processes. Its unique properties make trifluoroethanol an irreplaceable chemical in drug development and research applications. According to the report, the United States, the world's largest pharmaceutical industry, will increase its use of trifluoroethanol by 2023, driving the market growth. Solvay, Tosoh Corporation, and Halocarbon are some of the key companies in the global trifluoroethanol market.
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