Aluminum Fluoride Market Size, Share, Growth, Trends, and Forecast 2030

The global Aluminum Fluoride market size accrued earnings worth approximately USD 1,908.56 Million in 2022 and is predicted to gain revenue of about USD 3,519.55 Million by 2030, is set to record a CAGR of nearly 7.95% over the period from 2023 to 2030.
Request Free Sample

Global Aluminum Fluoride Market: Overview

Aluminum chloride is a white crystalline powder that is odorless and is widely used as an additive in several industrial processes. The primary applications of aluminum fluoride involve commercial aluminum production with the help of electrolysis. The substances are widely utilized in the preparation of ceramics and glass that commonly find applications in automotives and modern construction.

Global Aluminum Fluoride Market: Growth Factors

The rising building and construction sector is largely influencing the growth of the global aluminum fluoride market. There is a significant surge in the urban population all around the world, and subsequently, the commercial and residential spaces are expanding, which in turn is fuelling the rate of product consumption. In addition, the peculiar use of the material as a chemical intermediate in the preparation of aluminum, ceramic, glass, and others is likely to create the promising growth outlook, thereby compelling manufacturers to concentrate on innovating over the forecasted period. The advancing technological advancements are likely to further widen the scope of aluminum fluoride. Many new technologies are being deployed for the production of high-density material using fluosilicic acid. The increasing requirement for high purity aluminum chloride across the pharmaceutical and food & beverage sector is likely to create several lucrative growth opportunities for suppliers and manufacturers over the forecasted period.

Aluminum chloride possesses excellent properties of enhancing the conductivity and lowering the melting point of the aluminum solutions gaining immense popularity among several end-user sectors like industrial, construction, automotive, and others. The need for metallurgical and other aluminum fluoride is gaining immense popularity, thereby compelling company manufacturers to bring an innovative variety of such grades. Furthermore, the surge in foreign direct investment, particularly in the construction sector, is likely to play a crucial role in the growth of the global aluminum chloride market. For instance, India has eased the rules and regulations associated with FDI in the construction sector, and thereby it is likely to propel the growth of the national economy. The growing population and the increasing disposable income of the people are posing a huge demand for construction activities, which in turn will widen the scope of aluminum chloride globally. The constantly growing geriatric population, along with the high prevalence of chronic and lifestyle-associated diseases, is likely to fuel the consumption of aluminum fluoride manifolds.

Aluminum Fluoride Market: Report Scope

Global Aluminum Fluoride Market: Segmentation

The global aluminum fluoride market can be segmented into application, grid, and region.

By application, the market can be segmented into chemical intermediate, ceramics, fluorocarbons, aluminum, and others.

By grade, the market can be segmented into metallurgical and other industrial grades. The metallurgical grade segment holds the largest share in the global aluminum fluoride market owing to its properties like cost-effectiveness, higher efficiency in improving solution conductivity, and lowering melting points. As a result, it is highly utilized in laboratory setups and during the process of electrolysis globally.

By end-users, the market can be segmented into construction, aerospace, pharmaceutical, automotive, and others. The construction sector segment accounts for the largest share in the global aluminum fluoride market due to the growing demand for glass products. Also, the ongoing initiatives by building owners to build energy-efficient houses and commercial apartments with the help of advanced acoustic and thermal insulation properties are likely to further accentuate the growth of the segment over the forecast period. However, the pharmaceutical sector is likely to register a significant growth rate over the forecasted period due to its growing use as additives, intermediates, and catalysts in several pharmaceutical processes. Also, the fast proliferating pharmaceutical sector all around the globe is likely to further accelerate the growth rate of the segment.

Request Free Sample

Global Aluminum Fluoride Market: Regional analysis

North America accounts for the largest share in the global aluminum fluoride market due to the growing research and development activities along with advancing end-user sectors. Also, the growing demand for commercial and industrial construction projects, along with the need for metallurgical aluminum chloride, is further accentuating the growth of the regional market.

Asia Pacific is expected to be the fastest-growing region in the global aluminum fluoride market due to the surging demand for metallurgical grade aluminum fluoride from the automotive and construction sector. Also, India has emerged as a profitable market for aluminum fluoride due to the presence of highly developed manufacturer infrastructure in the region. Also, the easy availability of labor and raw materials is further positively impacting the construction sector, and thereby there is a huge demand for aluminum fluoride in the region.

Global Aluminum Fluoride Market: Competitive Players

Some of the significant players in the global aluminum fluoride market are

• 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

Global Aluminum Fluoride Market: Segment Analysis

By Grade

• Metallurgical Grade
• Other Industrial Grade

By Application

• Aluminum
• Fluorocarbons
• Ceramics
• Chemical Intermediate

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.