Aluminum Fluoride Market Research Report 2019-2023 by Top Key Players - Do-Fluoride Chemicals Co., Ltd, Hunan Nonferrous Metals Corporation Limited Fluorsid S.p.A., Qingzhou Hongyuan Chemical Co. Ltd., Rio Tinto Alcan Inc, Gulf Fluor, DuPont, Alfa Aesar.,

The Aluminum Fluoride Market has been driven by the range of its application in various uses such as automotive, construction, pharmaceuticals, aerospace, and others. Moreover, it is estimated that the construction sector is set to witness the highest growth in the market due to extensive use of AlF3 in heavy end-use industries. It is allso predicted that the automotive sector is set to grow at a higher CAGR due to rapid consumption of the product in vehicles, interior parts, and others. The growing production of refractory materials and fillers is expected to drive the market in the forecast period.

Top Key Players:
Some of the major players functioning in the global Aluminum Fluoride Market are-

Do-Fluoride Chemicals Co., Ltd
Hunan Nonferrous Metals Corporation Limited
Fluorsid S.p.A.
Qingzhou Hongyuan Chemical Co. Ltd.
Rio Tinto Alcan Inc
Gulf Fluor
DuPont
Alfa Aesar.
Mexichem S.A.B de C.V.
PhosAgro

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Market Highlights:

Aluminum fluoride, also known as AlF3, is a chemical compound utilized in the production of aluminum. It is a colorless solid and is used extensively as a molten electrolyte in the fabrication of product. It is produced synthetically by treating alumina with hydrogen fluoride gas at 700 degrees celsius or found in nature in the form of a rare mineral – rosenbergite. This compound also occurs in the form of non-hydrated mineral called oskarssonite. Moreover, it is known for exhibiting a few advantageous properties such as extended IR transmittance, low refractive index, low dispersion, radiation resistance which are driving the market positively. Thus, they are used in various end-uses such as automotive, construction, pharmaceuticals, aerospace, and other.

Among the various segments in aluminum fluoride market, the construction sub-segment is the leading application and is anticipated to continue its dominance over the assessment period. It is extensively used in end-use industries due to advantages offered by the product such as impermeability, conductivity, low density, resistance to corrosion, recyclability, and others.

It is also widely consumed in metal manufacturing, glass etching & polishing, production of gasoline, stainless steel pickling, semi-conductor preparation, and various applications in the chemical and specialty metal production industries. It has been observed that the presence of carcinogenic content in the product and its impact on the environment is expected to hinder the market growth over the assessment period.

The ceramic industry is set to drive the market due to extensive use of the compound in the production of special refractory products. This compound is also used in the production of welding agents, rods and powder. Moreover, the increasing demand for aluminum fluoride in an optical material, oil refining, spectroscopic components, and other segments is projected to drive the market during the forecast period.

Segmental Analysis:

The global aluminum fluoride market is segmented into the type, and application. On the basis of the type, the market is segregated into dry, anhydrous, and wet segments. The market by the application is bifurcated into automotive, construction, pharmaceuticals, aerospace, and others.

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Regional Insights:

The global aluminum fluoride market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major portion of the global market and is anticipated to continue its dominance due to rising demand for the product in various applications. Countries such as China, Japan, and India are the major players in this region.

The North American region is estimated to witness a higher growth in the U.S., Canada, and Mexico owing to the increasing demand for the inorganic compound in automotive, aviation, aerospace, and others. The enactment of new rules and regulations set by the European Union has driven the manufacturers to use fluoride products in a lesser amount in the end-use industries. Due to these factors, the market has propelled this region to witness a moderate growth in Germany, the U.K, and Italy.

The Middle East & Africa is estimated to observe a significant growth due to an increased consumption of product as a catalyst in end-use industries. Additionally, the growing demand for fluoride products in the fermentation process is projected to boost the market in the Latin American region.

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This release was published on openPR.