Synopsis of Aluminum Fluoride Market
Aluminum Fluoride, also known as AlF3, is a chemical compound utilized in the production of aluminum. It is produced synthetically by treating alumina with hydrogen fluoride gas at 700 degrees celsius or found in nature in the form of a rare mineral – rosenbergite. This compound also occurs in the form of non-hydrated mineral called oskarssonite. It is a colorless solid and is used extensively as a molten electrolyte in the fabrication of product. Moreover, it is known for exhibiting a few advantageous properties such as extended IR transmittance, low refractive index, low dispersion, radiation resistance which are driving the market positively. Thus, they are used in various end-uses such as automotive, construction, pharmaceuticals, aerospace, and others.
Among the various segments in Aluminum Fluoride Market, the construction sub-segment is the leading application and is anticipated to continue its dominance over the assessment period. It is extensively used in end-use industries due to advantages offered by the product such as impermeability, conductivity, low density, resistance to corrosion, recyclability, and others. Moreover, it is also widely consumed in metal manufacturing, glass etching & polishing, production of gasoline, stainless steel pickling, semi-conductor preparation, and various applications in the chemical and specialty metal production industries. It has been observed that the presence of carcinogenic content in the product and its impact on the environment is expected to hinder the market growth over the assessment period. The ceramic industry is set to drive the market due to extensive use of the compound in the production of special refractory products. This compound is also used in the production of welding agents, rods and powder. Moreover, the increasing demand for aluminum fluoride in an optical material, oil refining, spectroscopic components, and other segments is projected to drive the market during the forecast period.
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The Global Aluminum Fluoride Market is segmented into the Type and Application. On the basis of the type, the market is segregated into dry, anhydrous, and wet segments. The market by the application is bifurcated into automotive, construction, pharmaceuticals, aerospace, and others.
The Aluminum Fluoride Market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the market due to the growing consumption of inorganic compound in automotive, construction, pharmaceuticals, aerospace, pharmaceuticals, and others. Increasing demand for the product in the production of low index optical thin film is expected to drive the market during the forecast period. Therefore, countries such as the China, Japan, and India are the major players in the market.
The North American region is growing significantly due to an increased consumption of the product in various applications such as organic compound synthesis process, fermentation process, and others. It is predicted that the investments and rising per capita income in the region are likely to drive the market during the forecast period. The growing consumption of inorganic compounds as solvent and chemical intermediates has propelled the market in countries such as the U.S., Canada, and Mexico to achieve a stunning growth.
The European market has observed a moderate growth due to stringent rules and regulations to follow non-volatile products due to negative impact caused by aluminum fluoride in major sectors. It is estimated that the growing innovation and technological advancement in producing a less carcinogenic product are predicted to propel the growth in countries such as the U.K., Italy, Germany, and France during the forecast period.
The Latin American region is estimated to witness a recognized development in the market due to the growing consumption of Aluminum Fluoride in aluminum metallurgy, optical material, pharmaceuticals, and food industries. Moreover, the Middle East & Africa is anticipated to witness a higher growth in the market due to increasing demand for the product in the production of welding agents’ semiconductors, and others.
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