Expert Market Research’s new report titled ‘Global Aluminum Fluoride Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global Aluminum Fluoride market, assessing the market based on its segments such as type, application and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 4%
Rapid urbanization, rising urban incomes and industrial development are propelling the aluminum fluoride industry forward in the Asia-Pacific region, especially in China, Japan, India and South Korea . China is one of the largest aluminum producers in the world, and the country’s aluminum market is expected to grow over the forecast period due to increased collaboration between the government and other industries. to encourage the development of advanced technologies that reduce treated waste and lower production costs, driving the growth of the aluminum fluoride market. The growing demand for aluminum fluoride in emerging economies such as China and India, along with the increased use of reprocessed aluminum products, provides additional opportunities for market expansion.
Demand in North America is expected to increase significantly due to increased use of products in organic complex synthesis processes. Rising investments and growing sales per capita in the North American region are expected to drive the growth in demand over the forecast period. Automakers in the United States are trying to minimize the weight of cars to comply with government restrictions on gas emissions, which could lead to an increase in the use of aluminum in vehicles, which would stimulate demand aluminum fluoride.
Industry definition and major segments
Aluminum fluoride (AlF3) is an inorganic compound with the molecular formula AlF3 which is used in several industrial processes, notably in the manufacture of aluminium. It is a colorless solid that can be synthesized or contained in nature as the minerals rosenbergite and oskarssonite.
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Based on Type, the market is segmented into:
Aluminum fluoride finds its application in the following segments:
- Chemical intermediates
Global Regions for Aluminum Fluoride Market include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Healthy economic development, especially in developing economies, is driving the aluminum fluoride industry, which could lead to an increase in the popularity of ready-to-eat packaged foods and beverages. The aluminum fluoride industry is expected to grow steadily in the coming years, driven by its widespread downstream use in the manufacture of aluminum cans, which are gaining popularity due to their high recycling rates around the world.
The widespread use of aluminum fluoride in aluminum manufacturing is expected to increase the demand for aluminum fluoride as the aluminum market grows. Aluminum’s ductility, conductivity and malleability allow it to be used more frequently in the automotive, cosmetics and pharmaceutical industries. Aluminum consumption in the automotive industry is expected to increase further due to high car ownership rates and increased knowledge about reducing average vehicle weight. Aluminum consumption is expected to increase in the coming years due to increased consumer awareness of the benefits of aluminum and ongoing technological advancements.
Ceramics, glass, transportation, beef, and cars are just a few of the industries that use aluminum. Aluminum is commonly used in the construction industry due to its light weight and resistance to corrosion. It is also widely used in power transmission lines, which are expanding rapidly due to infrastructure improvements. Accordingly, in the coming years, the large downstream aluminum market is expected to drive the demand for aluminum fluoride.
Main market players
The major market players are Do-Fluoride Chemicals Co., Ltd, Fluorsid SpA, Industries Chimiques du Fluor, Tanfac Industries Ltd. and others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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