Aluminum Fluoride Market is bifurcated majorly on the basis of its end uses in pharmaceutical, construction, and food industry. It is used in manufacturing of glass, vehicle motor, low index optical thin plates, aluminium silicate, fermentation process, and as a catalyst. Aluminium consumption in motor vehicle market is predicted to rise owing to high car ownership rates and increased awareness for decreasing the average weight of vehicles. Global motor vehicle sales surpassed 75 million in 2018 and is predicted to see significant gains in the forecasted timeframe which would increase aluminum fluoride industry size.
Aluminum fluoride is an inorganic compound used in manufacturing processes in many industries, majorly used in the production of aluminium. It is a colourless solid which occurs naturally as minerals rosenbergite & oskarssonite and can also be prepared synthetically. It is insoluble in water sources which makes it ideal for oxygen-sensitive applications such as metal production. Fluoride compounds embrace applications in current technologies & sciences, oil refining and the pharmaceutical manufacture. Aluminium is highly ductile, conducting and malleable which promotes its use in automobile, cosmetics, and pharmaceuticals industries, thereby stimulating aluminum fluoride market demand.
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Emergent awareness about benefits of aluminium and ongoing technological advancements would increase consumer base of aluminum fluoride market. It caters to diverse industries such as ceramics, glass, transport, food and automotive. Aluminium is used in construction industry on account of its light weight and corrosion resistance. It is also used in electrical transmission lines, the market size of transmission line is expected to surpass USD 12.6 billion owing to development in infrastructure, which should contribute to aluminum fluoride market expansion.
By types, 2014-2025 (Kilo Tons) (USD Million)
By application, 2014-2025 (Kilo Tons) (USD Million)
North America led by the Mexico, Canada, and U.S. aluminum fluoride market size is likely to grow significantly on account of increased consumption of product in fermentation process and organic complex synthesis process. It is prophesied that investments and rising per capita revenue in region are projected to drive the market growth during the forecasted timeframe. Increased automotive trade and corresponding rise in vehicle usage in regional market, particularly in U.S. led to significant rise in glasshouse gas emissions. U.S. automotive manufacturers are putting efforts to lower weight of automobiles in accordance with government norms, which should increase use of aluminum fluoride in automobiles to reduce its weight, thereby stimulating market growth.
Global aluminum fluoride market share is consolidated, and major players participate in R&D activities to improve operational efficiency and patent threatened technologies. Aluminium Corporation, United Company RUSAL, Rio Tinto Alcan are the major companies categorised by vast product portfolio, R&D investments, and wide distribution network. Manufacturers expand production capacity of plants by opting for acquisitions and collaborations as primary strategy to maintain their position in the market.
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