Aluminium Fluoride Market Overview:
The Aluminium Fluoride Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Aluminium Fluoride Market, as well as the causes for variances in the industry’s growth in different regions.
The Aluminium Fluoride Market size was valued at USD 1620.44 Mn. in 2021 and the total Aluminium Fluoride revenue is expected to grow at a CAGR of 2.51% from 2022 to 2029, reaching nearly USD 1976.24 Mn.
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Market Scope:
Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
Segmentation:
by Grade
• Metallurgical Grade
• Other Industrial Grade
by Type
• Wet Aluminium Fluoride
• Anhydrous Aluminium Fluoride
• Dry Aluminium Fluoride
By Type, the Wet Aluminium Fluoride segment dominated the global aluminium fluoride market with the largest market share of 45% in 2021. The segment is expected to grow at a CAGR of 1.93% and maintain its dominance in terms of value by 2029. Wet aluminium fluoride is commonly utilized in the pharmaceutical industry. As a result, the increasing demand for wet aluminium fluoride from medicinal applications is expected to drive the segment during the forecast period. The Dry Aluminium Flouride segment held a market share of 19% in 2021 and is expected to grow at a moderate CAGR during the forecast period. Dry aluminium fluoride demand is increasing moderately during the forecast period because it is significantly used in the production of Aluminum, as a flux in welding applications, and in ceramic glazes and enamels.
by Application
• Aluminium Industry
• Ceramic Industry
• Chemical Intermediates Industry
• Glass Industry
• Construction Industry
• Pharmaceuticals Industry
• Optical Fiber Industry
• Other
By Application, the Aluminium industry segment dominated the global aluminium fluoride market with the largest market share of 24% in 2021. The segment is expected to grow at a CAGR of 2.71% and maintain its dominance in terms of revenue by 2029. Aluminum producers (smelters) are the main users of aluminum fluoride. Aluminium fluoride is critical for aluminium smelting and is also used in ceramic glazes and enamels. Global Aluminium Fluoride demand is expected to grow as the demand for the aluminium industry is manifold as it forms a cornerstone of ‘green’ technology, be it car manufacturers using more aluminium to make lighter cars, to be more fuel-efficient, or building offshore wind power stations that will need more aluminium wires.
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Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research is used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
• Aluminium Fluoride Market, Key Players are:
• AB Lifosa (Lithuania, Europe)
• Alufluor (Helsingborg, Sweden)
• Alufluoride (Visakhapatnam, India)
• Belfert (Belarus, UK)
• Do-Fluoride Chemicals Co., Ltd. (Henan , China)
• Fluorsid (MI, Italy)
• Gulf Fluor (Abu Dhabi, UAE)
• Henan Weilai Aluminum (Group) (Henan, China)
• Hubei Xiangfu Chemical (Hubei, China)
• PhosAgro (Moscow, Russia)
• PT Petrokimia Gresik (Gresik, Indonesia)
• Rio Tinto (London, United Kingdom)
• SPIC (Tamil Nadu, India)
• Tanfac Industries (Tamil Nadu, India)
• Yizhang Hongyuan Chemical (Hunan, China)
• Yunnan Yuntianhua (Zhaotong, China)
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Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Aluminium Fluoride Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Aluminium Fluoride Market:
End-user industries where Aluminium Fluoride Market is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Aluminium Fluoride Market manufacturers, influencing the development of the Aluminium Fluoride Market in 2020. End-user business demand for Aluminium Fluoride Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the Aluminium Fluoride Market Report are:
- In 2021, which segment held the highest proportion of the Aluminium Fluoride Market?
- What is the Aluminium Fluoride Market’s competitive landscape?
- What are the primary drivers assisting the Aluminium Fluoride Market growth?
- Which region has the most market share in the Aluminium Fluoride Market?
- What will be the Aluminium Fluoride Market’s CAGR throughout the projected period?
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