Aluminum Fluoride Market Overview, Demand, Global Industry Share, COVID-19 Analysis and Growth 2023
Aluminum Fluoride Market Overview
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.
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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.
Aluminum Fluoride Market Segmentation
The global COVID_19 analysis on aluminum
fluoride market size 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 end-use
is bifurcated into automotive, construction, pharmaceuticals, aerospace, and
others.
Aluminum Fluoride Market Competitive Analysis
Some of the well-known players operating in the
global aluminum fluoride market analysis are Do-Fluoride Chemicals
Co., Ltd (China), Hunan Nonferrous Metals Corporation Limited (China), Fluorsid
S.p.A. (Italy), Qingzhou Hongyuan Chemical Co Ltd (China), Rio Tinto Alcan
Inc(Canada), Gulf Fluor (U.A.E.), DuPont (U.S.), Alfa Aesar.(U.S.), Mexichem
S.A.B de C.V. (Mexico), and PhosAgro (Russia) among others.
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NOTE: Our team of researchers are studying Covid19 and its impact
on various industry verticals and wherever required we will be considering
covid19 footprints for a better analysis of market and industries. Cordially
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