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 |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| 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
