Aluminiumfluoride is an colourless, odourless powder with a crystalline structure. It serves various uses involving being used as a flux in welding applications, in production of aluminium, in ceramic glazes and enamel, and others. In this report, we will know this market through it’s various aspects.
Market Size and Sales Analysis
Aluminium fluoride market size is forecast to reach US$1.6 billion by 2027, after growing at a CAGR of 2.3% during 2022-2027. Through 2031, the market for aluminium fluoride is expected to grow at a CAGR of about 2%. After recovering from the setback brought on by the COVID-19 pandemic’s emergence in 2020, the aluminium fluoride market is expected to pick up steam once more. Aluminium fluoride producers are prepared to take advantage of the impending chances when these industries recover because their product is needed in the construction and automobile industries.
Aluminum Fluoride The growth of the building and construction sector will have a big impact on market trends from 2021 to 2027. The rapid increase in urban populations in developing nations and the ensuing growth of residential and commercial areas are driving more consumer spending on goods. The substance is also widely used as a chemical intermediary in the manufacture of glass, ceramic, aluminium, and other materials, which offers a positive prognosis for the industry’s future growth.
Driving Factors
The growing economy, vast downstream use in the manufacture of aluminium cans, rising utilisation in the automobiles, cosmetic products, and pharmaceutical and food industries, increased awareness about lowering the mean vehicle weight, technological innovations, and infrastructural improvements are some of the key market drivers.The future market prediction for aluminium fluoride will be enhanced by ongoing technological advancements. For the purpose of producing high-density aluminium fluoride utilising fluosilicic acid, several new technologies are currently being researched. Manufacturers and suppliers will benefit from the rising demand for high-purity aluminium fluoride in the pharmaceutical and food and beverage industries.
Hindering Factors
The use of aluminium fluoride has some drawbacks that impose restrictions on producers and suppliers, including:
- Pollution from air pollutants from aluminium smelters harms the environment.
- Complex procedures are required in the aluminium fluoride production cycle.
- The synthesis of aluminium fluoride needs expensive laboratory equipment.
- Requires specialist handling or poses a risk to safety.
The Impact of Covid- 19
To stop the virus from spreading during the crisis, industry operations worldwide decreased. Due to the COVID-19 pandemic, the aluminium fluoride market, which is heavily dependent on the food, pharmaceutical, and construction industries, has seen severe difficulties. The activities of these businesses have been impacted by the containment measures implemented in several economies, which has a short-term effect on the demand for aluminium fluoride.However, the slow but steady recovery of the automotive, construction, and other industries will boost the industry projection from 2021 to 2027. However, the slow but steady recovery of the automotive, construction, and other industries will boost the industry projection from 2021 to 2027.
Geographic location
- North America- USA, Canada and Mexico
- Europe- UK, Germany, Italy, France, Netherlands, Belgium, Spain, Russia, and Rest of Europe.
- Asia-Pacific- China, Japan, South Korea, India, Australia, and Newzealand, Indonesia, Taiwan, Malaysia, and Rest of APAC.
- Rest of the World: The Middle East- Saudi Arabia, UAE, Israel, Rest of the Middle East.
- Africa- South Africa, Nigeria, Rest of Africa.
Market segmentation
The market is segmented according to different aspects. According to the type of the Aluminium Fluoride, the segments are as, Dry, Wet and Anhydrous. By Grade, the market is differentiated into Industrial/ technical, Food, Optical and other divisions. By application, the market is divided as, Aluminium, Ceramic, Fluorocarbons, Chemical Intermediate, Optical fibre, Packaging, Glass and others. According to the end use industry, the industry is divided as Transportation (Aerospace & Defence, Marine, Railways), Building & Construction (Residential, Commercial, Infrastructure, and Others), Electric and Electronics, Household and Consumer Goods, Healthcare, Chemicals, Oil and Gas and others. By Geography, the market is differentiated as, North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
- By Type:
- Dry
- Wet
- Anhydrous
- By Grade:
- Industrial/ Technical
- Food
- Optical
- Others
- By Application:
- Aluminium
- Ceramic
- Fluorocarbons
- Chemical Intermediate
- Optical fibre
- Packaging
- Glass
- Others
- End-Use Industry:
- Transportation (Aerospace & Defence, Marine, Railways)
- Building & Construction (Residential, Commercial, Infrastructure, and Others)
- Electric & Electronics
- Household & Consumer goods
- Healthcare
- Chemical
- Oil & Gas
- Others
- By Geography:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Demographic description
Due to its use in the construction, food, pharmaceutical, automotive, and pharmaceutical industries, the size of the international aluminium fluoride market is anticipated to increase. Opportunities are expected to arise as a result of ongoing technical advancements and rising consumer demands for high aluminium fluoride.
Compared to 17.4% in Europe, they represented 63.7% of all sales in the United States. In contrast to Europe, which made up 23.9% of worldwide pharmaceutical sales, North America made up 49.0% of them. These variables will stimulate new investments and pharmaceutical product demand throughout the projected period, which will stimulate demand for the market for aluminium fluoride.
Analysis of market demand
The International Aluminium Institute estimates that 65,325 thousand metric tonnes of aluminium were generated in 2020 and 67,343 thousand metric tonnes in 2021. As a result, during the period of forecasting, consumption for the aluminium fluoride market will increase due to rising aluminium output.
Competition in the market
- Alufluoride Ltd.
- Rio Tinto Plc
- Tanfac Industries Ltd.
- Fluorsid S.p.A
- Mexichem S.A.B. de C.V.
- Industries Chimiques du Fluor (ICF)
- PhosAgro PJSC
- Do-Fluoride Chemicals Co., Ltd
- Pingquan Greatwall Chemical Co., Ltd.
- Gulf Fluor
- AB Lifosa
- Alufluor AB
- Derivados del Fluor
- Henan Weilai Aluminum (Group) Co., Ltd
- Alfa Aesar
- Do-Fluoride
- Fluorsid
- Jinyang Hi-Tech
- Hunan Nonferrous
- I.C.F
- Rio Tinto Alcan
- Gulf Fluor
- Shandong Zhaohe
- Hongyuan Chemical
- Henan Weilai
- Mexichem, PhosAgro
- Henan Shaoxing, Alufluor
- Yunnan Yuntianhua
- Hubei Xiangfu Chemical
- Lifosa, Alufluoride
- JPMC
- PT Petrokimia Gresik
- Tanfac Industries
- SPIC, Belfert and Others.