Global Aluminum Fluoride Market Trends, Applications, Analysis, Growth, and Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global aluminum fluoride market in its upcoming report titled, “Global Aluminum Fluoride Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global Aluminum fluoride market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global aluminum fluoride market report has been segmented on the basis of grade, application, and region.

Aluminum fluoride (AlF3) is a white powder, which is primarily used as an additive for production of primary aluminum metal. The structure consists of an aluminum in the center, surrounded by the three fluoride atoms bonded to it. Aluminum fluoride essentially lowers the melting point of alumina feed and together with Cryolite, it increases the electrolyte's conductivity of the solution, reducing the electric power consumption. Aluminum fluoride is an important additive for the production of aluminum by electrolysis.

Growing demand for aluminum fluoride from metal recycling industry as flux ingredient to remove the magnesium in refining process of aluminum scrap is a major factor driving growth of the global aluminum fluoride market. In addition, growing adoption of aluminum fluoride from glass and ceramic industry as filler and varnishing agent are other factors expected to support growth of the global aluminum fluoride market. In addition, increasing use of aluminum fluoride for manufacturing of aluminum silicates, which is used for treating ailments such as diarrhea and combat diaper rash is another factor expected to support growth of the global aluminum fluoride market.

However, possible hazardous side effects of aluminum fluoride on human health such as prolonged exposure or inhalation may cause asthma, and may have effects bone and nervous system which is a major factor restraining growth of the global aluminum fluoride market.

Growing strategic mergers and acquisitions among government and private organizations is expected to create new opportunities in terms of revenue for players operating in the global aluminum fluoride market over the forecast period.

The market in Asia Pacific is expected to dominate the global aluminum fluoride market in terms of revenue, and is expected to continue its dominance over the forecast period. This dominance can be attributed to China being major producer of Fluorspar (CaF₂) which is a key ingredient in manufacturing of aluminum fluoride and growing mergers and collaborations among government and private players in this region. North America and Europe markets are expected to contribute significant revenue shares in the global aluminum fluoride market. The markets in Latin America and Middle East are expected to witness steady growth in terms of revenue over the forecast period.

Global Aluminum Fluoride Market Segmentation:

By Grade:

• Metallurgical Grade
• Other Industrial Grade

By Application:

• Aluminum
• Fluorocarbons
• Ceramics
• Chemical Intermediate

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa