Aluminum Fluoride Market Outlook, Current and Future Industry Landscape Analysis by 2031

Aluminum Fluoride Market

According to the report, apart from a minor setback in 2020, the market is expected to have a positive outlook through 2021 and beyond. Recovery in automotive industry and demand for metallurgical grade to augment the growth of aluminum fluoride market suppliers, evaluates the market study by Future Market Insights.

Rising demand for metallurgical grade in industrial and commercial sector to propel the aluminum fluoride growth through 2031. Properties such as low melting point, high efficiency in solution conductivity is increasing the usage of metallurgical grade in automotive and construction industry.

Although, disadvantages like high cost laboratory set-ups, lack of professional handling and risk of hazards are likely to cause a challenge for the aluminum fluoride manufacturers. Despite these restraints, numerous automotive and construction projects in upcoming years are expected to overcome the challenges and provide future expansion prospects for manufacturers.

For instance, according to the U.S. Auto Industry and EU car sales report, sales for light vehicles were recorded to total US$ 17.2 million in 2018 and are expected to increase by 10% in the upcoming years. These numbers indicate the surging demand of aluminum fluoride among suppliers and manufacturers.

“High investment in research and development activities in automotive industry and high demand of metallurgical grade among suppliers is expected to boost the market demand,” remarks the FMI analyst.

Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5941

Key Takeaways

  • Concrete admixture to account for over 35% of market share in 2021
  • Based on grade, metallurgical grade is the most lucrative segment through 2021
  • High demand from the automotive industry to make US the highest revenue generating aluminum fluoride market
  • Germany to vanguard European aluminum fluoride market, owing to the high demand for metallurgical aluminum fluoride
  • China is expected to lead the market in Asia Pacific through 2031 backed by increasing application in construction industry
  • Steady flow of raw material and well-developed construction sector to create lucrative growth opportunities for manufacturers in India
  • Application in automotive and laboratory research sector to push aluminum fluoride sales

Prominent Drivers

  • Rising demand from building & construction industry for aluminum fluoride is bolstering the market growth
  • Recovery in automotive and residential construction industry to create growth opportunities for aluminum fluoride manufacturers
  • Cost-effectiveness in diverse end-use industry is expected to drive the demand

Key Restraints

  • Sluggish growth recorded due to the pandemic is likely to create slow growth opportunities for aluminum fluoride suppliers
  • Costly laboratory set-ups is expected to pose a challenge for the aluminum fluoride manufacturers

Competitive Landscape

Aluminum fluoride suppliers profiled by FMI includes Alufluoride Ltd., Rio Tinto PLC., Tanfac Industries Ltd., Fluorsid S.p.A, Mexichem S.A.B. de C.V., Industries Chimiques du Fluor, PhosAgro PJSC, Do-Fluoride Chemicals Co. Ltd., Pingquan Greatwall Chemical Co. Ltd., Gulf Fluor, AB Lifosa and Alufluor AB among some others. According to the study, market seems to be highly competitive. Leading players are launching diverse products to maintain their position in the industry.

On December 2020, AluFluoride Ltd., announced the completion of its expansion of new Aluminum Fluoride plant to increase the production capacity by 2.68%.

Likewise, in 2020, Aluminium Bahrain B.S.C (ALBA) signed a long term agreement with an Italian leading producer of fluorochemicals, Fluorsid which made it the world’s largest smelter with the production of 1.5 million metric tons.

Request for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-5941

Aluminum Fluoride Market Segmentation by Category

Grade:

  • Metallurgical Grade
  • Other Industrial Grade

Application:

  • Aluminum
  • Fluorocarbons
  • Ceramics
  • Chemical Intermediate

Region:

  • North America
  • Latin America
  • Europe
  • Middle East and Africa (MEA)
  • East Asia
  • South Asia
  • Oceania

More Insights on FMI’s Aluminum Fluoride Market

In its latest report, Future Market Insights offers a detailed segmentation on global aluminum fluoride market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031.

In order to gain a better understanding of the global market potential, its competitive landscape, drivers, restraints and opportunities, the market is segmented on the basis of grade (metallurgical grade, and other industrial grade), application (aluminum, fluorocarbons, ceramics, and chemical intermediate), and across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

Frequently Asked Questions

  • Which are the top companies providing aluminium fluoride?
  • Which are some of the lucrative markets for aluminium fluoride?
  • Which applications accounts for high sales of aluminium fluoride?
  • Which grade is highly sought-after in aluminium fluoride industry?

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
LinkedIn| Twitter| Blogs

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these