Aluminum Fluoride Market Analysis and Research Report By Experts 2023 | DuPont, Fluorsid S.p.A., Qingzhou Hongyuan Chemical Co. Ltd., Alfa Aesar, Gulf Fluor

Aluminum fluoride is used in various processes such as catalyst reforming, hydrocracking, and others to increase yield and productivity of the product. It provides significant properties such as excellent performance, efficiency, and durable nature to the finished material. Moreover, they provide versatility and reliability to the product.

The global 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.

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Top Manufacturers:

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

Industry Segments:

On the basis of type, the market is segmented into dry, anhydrous, and wet segments.

On the basis of application, the market is segregated into automotive, construction, pharmaceuticals, aerospace, and others.

TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

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Geographical Analysis:

Aluminum fluoride is used in a wide variety of applications due to their capability of offering extended life, superior quality, enhanced efficiency, and stability to the final product. Thus, it is used in various applications such as automotive, construction, pharmaceuticals, aerospace, and others. The global aluminum fluoride market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the global market and is projected to continue leading, owing to the increasing consumption of aluminum fluoride in refractory products, fermentation process, and others. It is estimated that the construction sector is set to observe the highest CAGR in the market due to growing consumption of the product in tiles, flooring, and others. Moreover, increasing demand for the product in aluminum metallurgy, optical material, and others are likely to witness a rapid growth during the forecast period. These factors have led China, India, and Japan to be the major players of this region.

The North American market is expected to grow at a higher CAGR due to extensive consumption of aluminum fluoride in aluminum metallurgy, optical material, oil refining, and others. The U.S., Canada, and Mexico have achieved a significant place in the market due to the growing investments in end-use industries. Therefore, the growing demand for the product from end-use industries is estimated to drive the market during the forecast period.

A moderate development is achieved in Europe due to the growing demand for the product in pharmaceutical chemical, oil & gas industries, and others. Rapid urbanization coupled with technology have propelled the market to witness a better growth. Thus, countries such as Germany, the U.K, and Italy are the major contributors to this market.

A considerable development is predicted in the Latin American region such as in Brazil, Uruguay, and Argentina due to the growing consumption of an inorganic compound in the production of welding agents, enamel, and others. Moreover, a rapid development is estimated in the Middle East & African region such as Qatar, the U.A.E, and others due to increasing demand for solvents and intermediates in end-use industries.

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This release was published on openPR.