The aluminum fluoride market is estimated to be valued at US$ 2.3 billion in 2023 and is expected to surpass US$ 3 billion by 2033. The adoption of aluminum fluoride is likely to advance at a CAGR of 2.7% during the forecast period.
Being required in construction and automotive sectors, manufacturers of aluminum fluoride are set to utilize the upcoming opportunities with recovery in these sectors.
The latest revised report on ‘aluminum fluoride’ market study published by Future Market Insights (FMI) provides a detailed analysis on the global industry, latest trends, demand-supply patterns, and driving & restraining factors during the forecast period of 2023 to 2033.
According to the report, the industry players’ focus will be on the lucrative countries such as the United States, China, Germany, France, and Japan, to name a few, while increase in investment and partnerships will help them in excelling in this industry.
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | US$ 2.3 billion |
| Projected Market Size (2033) | US$ 3 billion |
| CAGR through (2023 to 2033) | 2.7% |
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Aluminum fluoride having excellent properties of lowering melting point and increasing conductivity of aluminum solution, gained traction across diverse sectors such as automotive, construction, and other industrial sectors in the past years.
According to FMI, the overall industry outlook for aluminum fluoride was positive and progressive during the last 5 years from 2018 to 2022 apart from the temporary decline in 2020.
With the requirement for metallurgical and other aluminum fluoride gaining prominence, manufacturers are focusing on bringing in more variety of this grade. As the automotive and construction sectors are in recovery phase, key players are investing and partnering in order to capture the low hanging opportunities in the aluminum fluoride market. According to FMI, the global aluminum fluoride Market is predicted to expand at close to 2.7% CAGR through 2033.
| Period | Market Size (in US$ billion) |
|---|---|
| 2018 | US$ 1.9 billion |
| 2022 | US$ 2.1 billion |
| 2023 | US$ 2.3 billion |
| 2033 | US$ 3 billion |
Metallurgical aluminum fluoride has high demand in industrial and commercial sectors due to its exclusive properties such as-
As a result, this aluminum fluoride has extensive usage in automotive, commercial & industrial construction sectors and laboratory set ups.
According to the report titled “Industries at a Glance: Construction” published by the Bureau of Labor Statistics, the construction sector comprises establishments primarily engaged in the construction of buildings or engineering projects such as highways and utility systems, while the USA construction sector is highly advanced with an estimated 866,650 construction laborers, 241,260 construction managers, and 260,380 operating engineers and other construction equipment operators as in 2019.
Overall, the construction sector has significant contribution to the growth of aluminum fluoride market.
Principal Consultant
There are a few disadvantages of using aluminum fluoride which work as restraints to manufacturers and suppliers such as-
Apart from these, manufacturing hubs for aluminum fluoride got negatively impacted during the lock down period and yet to recover fully.
However, despite having constraints, aluminum fluoride manufacturers are giving their best efforts in overcoming the hurdles by adopting various strategic ways and investing heavily.
The United States has been leading in the world’s largest aluminum fluoride industry North America since the past decade owing to its highly advanced end-use sectors and increase in research & development (R&D) activities by industry players.
As stated in the report titled “the USA Auto Industry” published by the United States Department of the Treasury, the USA automotive industry holds high potential to expand further getting over the negative impact due to the pandemic while the Automotive Industry Financing Program (AIFP) has significant contribution to raise the industry revenue.
According to the SelectUSA, the USA has one of the largest automotive industries in the world, while in 2018, USA light vehicle sales reached 17.2 million units, the fourth straight year in which sales surpassed or reached 17 million units. These reports give an estimation of how lucrative the USA is for aluminum fluoride suppliers.
Demand from various industrial & commercial construction projects coupled with the requirement for metallurgical aluminum fluoride is propelling the growth of stakeholders in Germany, the epicenter of the Europe aluminum fluoride industry.
As per the report published by the European Commission (EC) in 2018, the total investment in Germany construction sector increased by 9.5% over 2008 to 2015, while in 2016 there were 650,813 enterprises operating in the broad construction sector in Germany, with the narrow construction sector accounting for 55.6% of the total.
According to the report, in 2016, the total value added of the broad construction sector was EUR 233.6 Billion. As the construction sector is recovering again and set to expand further, aluminum fluoride suppliers are expected to witness higher demand from this sector in Germany.
China is the dominating country in the world’s fastest-growing aluminum fluoride industry Asia Pacific and anticipated to maintain its lead during the forecast period. Demand for metallurgical and other industrial grade aluminum fluoride from construction and automotive sectors is fuelling the sales in China aluminum fluoride market.
According to the report titled “China- Design and Construction” published by the International Trade Administration on 3rd February 2021, China is the world’s largest construction industry which is forecast to grow at an annual average of 5.2% in real terms between 2021 and 2029.
India has emerged as a lucrative industry for aluminum fluoride owing to the highly developed manufacturing infrastructure, abundance of raw materials and labors and steady demand from construction sector.
According to the report published by the Invest India, the National Investment Promotion & Facilitation Agency of India, the construction industry in India consists of the real estate and urban development segment while it has 9% share in India’s GDP.
As per the report, the India construction industry grew at an annual average rate of nearly 5.5% during 2016 to 2020 and expected to expand further in the coming years. These data explain well why India is highly sought-after for aluminum fluoride manufacturers.
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Presently, metallurgical grade of aluminum fluoride has high demand due to its various properties such as-
As a result, this grade of aluminum fluoride is highly preferred in laboratory set ups, and during electrolysis.
Currently, aluminum fluoride has high requirement in producing-
As these application segments are integral parts of automotive, construction and laboratory research sectors, these are expected to bolster the growth further in the coming years.
The competitive landscape of the aluminum fluoride industry is characterized by the presence of numerous key players striving for market dominance. Established companies like Fluorsid S.p.A, Rio Tinto Plc, and Alufluoride Ltd. hold significant market shares, leveraging their experience, extensive distribution networks, and diverse product portfolios. The industry also witnesses the emergence of new entrants and regional players aiming to capture market share through competitive pricing and innovative product offerings. Intense competition drives companies to focus on quality, cost-effectiveness, and sustainability, encouraging technological advancements and process optimization. The strategic collaborations, mergers, and acquisitions are prevalent strategies adopted by companies to expand their geographic presence, enhance their product portfolios, and gain a competitive edge. Overall, the aluminum fluoride industry remains highly competitive, fueled by continuous innovation and the pursuit of operational excellence.
Strategies for Aluminum Fluoride Manufacturers to Expand in the Market
Product Portfolio:
| Attribute | Details |
|---|---|
| Market Value in 2023 | US$ 2.3 billion |
| Market Value in 2033 | US$ 3 billion |
| Growth Rate | CAGR of 2.7% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ billion and CAGR from 2023-2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
| Customization & Pricing | Available Upon Request |
China is set to register exponential growth in the aluminum fluoride market.
Production of aluminum, glass, and ceramics, is driving the sales of the aluminum fluoride market.
The growing demand for aluminum fluoride in the electronics industry is one of the key trends driving the market.
The aluminum fluoride market has been growing steadily in recent years, and this trend is expected to continue in the coming years.
The market players in the aluminum fluoride market are expected to focus on developing new applications for aluminum fluoride and expanding their production capacity to meet the growing demand for the product.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Grade
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Grade, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Grade, 2023 to 2033
5.3.1. Metallurgical Grade
5.3.2. Others Grade
5.4. Y-o-Y Growth Trend Analysis By Grade, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Grade, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Aluminum
6.3.2. Fluorocarbons
6.3.3. Ceramics
6.3.4. Chemical Intermediate
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. MEA
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. The USA
8.2.1.2. Canada
8.2.2. By Grade
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Grade
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Grade
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Grade
9.3.3. By Application
9.4. Key Takeaways
10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Grade
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Grade
10.3.3. By Application
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Grade
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Grade
11.3.3. By Application
11.4. Key Takeaways
12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of MEA
12.2.2. By Grade
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Grade
12.3.3. By Application
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. USA
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2022
13.1.2.1. By Grade
13.1.2.2. By Application
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2022
13.2.2.1. By Grade
13.2.2.2. By Application
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2022
13.3.2.1. By Grade
13.3.2.2. By Application
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2022
13.4.2.1. By Grade
13.4.2.2. By Application
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2022
13.5.2.1. By Grade
13.5.2.2. By Application
13.6. United Kingdom
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2022
13.6.2.1. By Grade
13.6.2.2. By Application
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2022
13.7.2.1. By Grade
13.7.2.2. By Application
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2022
13.8.2.1. By Grade
13.8.2.2. By Application
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2022
13.9.2.1. By Grade
13.9.2.2. By Application
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2022
13.10.2.1. By Grade
13.10.2.2. By Application
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2022
13.11.2.1. By Grade
13.11.2.2. By Application
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2022
13.12.2.1. By Grade
13.12.2.2. By Application
13.13. Singapore
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2022
13.13.2.1. By Grade
13.13.2.2. By Application
13.14. Thailand
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2022
13.14.2.1. By Grade
13.14.2.2. By Application
13.15. Indonesia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2022
13.15.2.1. By Grade
13.15.2.2. By Application
13.16. Australia
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2022
13.16.2.1. By Grade
13.16.2.2. By Application
13.17. New Zealand
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2022
13.17.2.1. By Grade
13.17.2.2. By Application
13.18. GCC Countries
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2022
13.18.2.1. By Grade
13.18.2.2. By Application
13.19. South Africa
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2022
13.19.2.1. By Grade
13.19.2.2. By Application
13.20. Israel
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2022
13.20.2.1. By Grade
13.20.2.2. By Application
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Grade
14.3.3. By Application
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Alufluoride Ltd.
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. Rio Tinto Plc
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. Tanfac Industries Ltd.
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Fluorsid S.p.A
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Mexichem S.A.B. de C.V.
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Industries Chimiques du Fluor (ICF)
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. PhosAgro PJSC
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Do-Fluoride Chemicals Co., Ltd
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Pingquan Greatwall Chemical Co., Ltd.
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. Gulf Fluor
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
15.1.11. AB Lifosa
15.1.11.1. Overview
15.1.11.2. Product Portfolio
15.1.11.3. Profitability by Market Segments
15.1.11.4. Sales Footprint
15.1.11.5. Strategy Overview
15.1.11.5.1. Marketing Strategy
15.1.11.5.2. Product Strategy
15.1.11.5.3. Channel Strategy
15.1.12. Alufluor AB
15.1.12.1. Overview
15.1.12.2. Product Portfolio
15.1.12.3. Profitability by Market Segments
15.1.12.4. Sales Footprint
15.1.12.5. Strategy Overview
15.1.12.5.1. Marketing Strategy
15.1.12.5.2. Product Strategy
15.1.12.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Aluminum Fluoride Market
