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Base Year
Historical Year
Forecast Year
The global aluminium fluoride market is expected to grow at a CAGR of 4% in the forecast period of 2024-2032.
Global Aluminium Fluoride Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | XX |
Market Size 2032 | USD Billion | XX |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 4.0% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 4.9% |
CAGR 2024-2032 - Market by Country | India | 5.6% |
CAGR 2024-2032 - Market by Country | Saudi Arabia | 4.7% |
CAGR 2024-2032 - Market by Type | Dry | 4.4% |
CAGR 2024-2032 - Market by Application | Chemical Intermediates | 4.9% |
Market Share by Country 2023 | Japan | 4.2% |
Rapid urbanisation, rising income in urban areas, and industrial development are driving the growth of the aluminium fluoride industry in the Asia Pacific, especially in countries such as China, Japan, India, and South Korea.
China is one of the largest producers of aluminium, and the aluminium market in the country is expected to continue growing in the forecast period as a result of the increased collaboration between the government and other industries to encourage the development of cutting-edge technologies that reduce processed waste and lower production costs, thus, boosting the growth of the aluminium fluoride industry as well. The growing demand for aluminium fluoride from emerging economies like China and India, as well as the increased use of reprocessed aluminium products, further offer lucrative market expansion opportunities.
Due to the increased product consumption in organic complex synthesis processes, the market is expected to witness substantial growth in North America. During the forecast period, increasing investments and rising per capita revenue in the North America region are expected to drive the market growth. Automobile manufacturers in the United States are attempting to reduce vehicle weight in accordance with government regulations on gas emissions, which should result in the increased use of aluminium in automobiles, thus stimulating the market growth of aluminium fluoride.
2023 Market Share by | Country |
Japan | 4.2% |
USA | XX% |
Canada | XX% |
UK | XX% |
Aluminium fluoride, with the molecular formula AlF3, is an inorganic compound that is used in a variety of industrial processes, most notably in the production of aluminium. It is a colourless solid that can be made synthetically or can be naturally found as the minerals, rosenbergite and oskarssonite.
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On the basis of type, the market is segmented into:
CAGR 2024-2032 - Market by | Type |
Dry | 4.4% |
Wet | XX% |
Anhydrous | XX% |
Aluminium fluoride finds its application in the following segments:
CAGR 2024-2032 - Market by | Application |
Chemical Intermediates | 4.9% |
Glass | 4.2% |
Ceramic | 3.6% |
Aluminium | XX% |
Others | XX% |
The regional markets for aluminium fluoride can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
CAGR 2024-2032 - Market by | Region |
Asia Pacific | 4.9% |
North America | 3.6% |
Europe | XX% |
Latin America | XX% |
Middle East and Africa | XX% |
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CAGR 2024-2032 - Market by | Country |
India | 5.6% |
Saudi Arabia | 4.7% |
Canada | 4.1% |
Mexico | 4.0% |
UK | 3.5% |
USA | XX% |
Germany | XX% |
Italy | XX% |
China | XX% |
Japan | XX% |
Australia | 3.3% |
Brazil | XX% |
France | 3.0% |
The aluminium fluoride industry is being driven by the healthy economic growth, especially in developing economies, which could lead to a rise in the popularity of convenience packaged beverages and foods. Since aluminium fluoride finds extensive downstream use in the production of aluminium cans, which are gaining popularity due to their high recycling rates around the world, the aluminium fluoride industry is expected to witness a healthy growth in the coming years.
With the extensive use aluminium fluoride in the production of aluminium, the growth of the aluminium market is expected to contribute to the increased demand for aluminium fluoride. Aluminium's ductility, conductivity, and malleability is enabling its increasing usage in the automotive, cosmetics, and pharmaceutical industries. Because of high car ownership rates and increased awareness about reducing the average vehicle weight, aluminium consumption in the motor vehicle market is expected to further grow. The increased consumer awareness of the benefits of aluminium and the ongoing technological advancements is projected to expand the aluminium consumption in the coming years. Aluminium serves a wide range of industries, including ceramics, glass, transportation, food, and automobiles. Because of its lightweight and corrosion resistance, aluminium is widely used in the construction industry. It is also used extensively in electrical transmission lines, which are witnessing a healthy growth owing to infrastructural improvements. Thus, the extensive and growing downstream demand for aluminium is expected to bolster the demand for aluminium fluoride in the coming years.
The report gives a detailed analysis of the following key players in the global aluminium fluoride market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 4% between 2024 and 2032.
The major drivers of the market include the healthy economic growth, extensive downstream use in the production of aluminium cans, increasing usage in the automotive, cosmetics, and pharmaceutical industries, increased awareness about reducing the average vehicle weight, technological advancements, and infrastructural improvements.
The rise in the popularity of convenience packaged beverages and foods and extensive use aluminium fluoride in the production of aluminium are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
On the basis of type, the market is segmented into dry, wet, and anhydrous.
Aluminium fluoride finds major application in chemical intermediates, glass, ceramic, and aluminium, among others.
The major players in the industry are Do-Fluoride Chemicals Co., Ltd, Fluorsid S.p.A., Industries Chimiques du Fluor, and Tanfac Industries Ltd., among others.
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