Aluminum Fluoride Market 2021 Outlook, Current and Future Industry Landscape Analysis 2031 – Market Research Blog

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

aluminum fluoride market characteristics and attributes with regional relevence 2021 2031

“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.

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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

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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.

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
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