Ammonium Nitrate Market Worldwide Industry Analysis with Top 15 Key Players include Enaex, EuroChem Group AG, Abu Qir Fertilizers and Chemicals, San Corporation, Incitec Pivot limited

Segmental Insights:

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.

Top Manufacturers:

Some of the prominent players operating in the global aluminum fluoride market are

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

Aluminum fluoride, also known as AlF3, is a chemical compound utilized in the production of aluminum. 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. It is a colorless solid and is used extensively as a molten electrolyte in the fabrication of product. 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 others.

Geographical Analysis:

The aluminum fluoride market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the market due to the growing consumption of inorganic compound in automotive, construction, pharmaceuticals, aerospace, pharmaceuticals, and others. Increasing demand for the product in the production of low index optical thin film is expected to drive the market during the forecast period. Therefore, countries such as the China, Japan, and India are the major players in the market.

The North American region is growing significantly due to an increased consumption of the product in various applications such as organic compound synthesis process, fermentation process, and others. It is predicted that the investments and rising per capita income in the region are likely to drive the market during the forecast period. The growing consumption of inorganic compounds as solvent and chemical intermediates has propelled the market in countries such as the U.S., Canada, and Mexico to achieve a stunning growth.

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The European market has observed a moderate growth due to stringent rules and regulations to follow non-volatile products due to negative impact caused by aluminum fluoride in major sectors. It is estimated that the growing innovation and technological advancement in producing a less carcinogenic product are predicted to propel the growth in countries such as the U.K., Italy, Germany, and France during the forecast period.

The Latin American region is estimated to witness a recognized development in the market due to the growing consumption of aluminum fluoride in aluminum metallurgy, optical material, pharmaceuticals, and food industries. Moreover, the Middle East & Africa is anticipated to witness a higher growth in the market due to increasing demand for the product in the production of welding agents’ semiconductors, and others.

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This release was published on openPR.