Aluminum Fluoride Market Overview, Demand, Global Industry Share, COVID-19 Analysis and Growth 2023
Aluminum Fluoride Market Overview
The latest
research report from Market Research Future (MRFR) profiles the global aluminum
fluoride market and provides a detailed overview of the market’s likely growth
trajectory over the forecast period till 2023. The major drivers and restraints
affecting the global aluminum fluoride market are profiled in detail in the
report to provide readers a clear overview of what is affecting the market most
significantly. The leading factors affecting the market positively as well as
negatively are profiled in the report, providing readers a clear view of the
market’s movement. Major players operating in the global aluminum fluoride
market are also profiled in the report.
Aluminum
fluoride, represented by the formula AlF3.xH2O, is an inorganic compound
occurring in several forms of hydrates, including monohydrates, trihydrates,
hexahydrates, and nonahydrates. Aluminum fluoride is a major intermediate in
the production of aluminum and is produced by reacting alumina with hydrogen
fluoride at 700 degrees centigrade. It can also be produced from fluorosilicic
acid and through the thermal decomposition of ammonium hexafluoroaluminate. It
is also found in nature in the form of a rare mineral called rosenbergite and
an anhydrous mineral called oskarssonite. It is a colorless solid and presents
beneficial properties such as extended IR transmittance, low refractive index,
low dispersion, and radiation resistance.
The
growing demand for aluminum fluoride in the construction industry is likely to
be a major driver for the global aluminum fluoride market. The impermeability
and corrosion resistance offered by aluminum fluoride make it perfect for use
in construction applications, which has led to its widespread usage in the
same. It is also widely used in glass etching and polishing, stainless steel
pickling, and preparations of semiconductors. The ceramic industry is also
likely to be a major driver for the aluminum fluoride market over the forecast
period, as aluminum fluoride is widely used in the ceramic industry in the production
of special refractory products. Aluminum fluoride is also used in welding
agents, optical materials, oil refining, and spectroscopic components. On the
other hand, aluminum fluoride has carcinogenic properties, which render it
unsafe for use in applications involving extended human contact. It is also not
environmentally viable, making it prone to environmental regulations brought
about by governments all over the world.
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Competitive Leaderboard:
Leading
players in the global aluminum fluoride market include PhosAgro, Mexichem SAB
de CV, Alfa Aesar, DuPont, Gulf Fluor, Rio Tinto Alcan Inc., Qingzhou Hongyuan
Chemical Co. Ltd., Fluorsid SpA, Hunan Nonferrous Metals Corporation Limited,
and Do-Fluoride Chemicals Co. Ltd. Major players in the global aluminum
fluoride market are likely to focus on product capacity expansion in the coming
years, as the demand for aluminum fluoride is likely to grow from various
applications over the forecast period.
Segmentation:
The global
aluminum fluoride market is segmented on the basis of type, application, and
region.
By type,
the global aluminum fluoride market is segmented into dry, anhydrous, and wet.
By
application, the market is segmented into automotive, construction,
pharmaceuticals, aerospace, and others. The construction segment holds the
largest share in the global aluminum fluoride market, accounting for a 30%
share in the market in 2016. Construction applications are likely to be a major
driver for the global aluminum fluoride market due to the growing scope of the
construction industry.
Regional Analysis:
By region,
the global aluminum fluoride market is segmented into Asia Pacific, North America,
Latin America, Europe, and the Middle East and Africa.
Asia
Pacific holds the largest share in the global aluminum fluoride market. The
growing construction industry in Asia Pacific is likely to be a major driver
for the global aluminum fluoride market over the forecast period. Rising
urbanization in countries such as India and China is likely to be a major
driver for the global aluminum fluoride market over the forecast period, as
this is likely to drive the construction of various buildings in the region
over the coming years. The growing production of low-index optical thin film in
Asia Pacific is also likely to be a major driver for the Asia Pacific aluminum
fluoride market.
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its impact on various industry verticals and wherever required we will be
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