One of the key trends fueling the growth of the aluminum fluoride market is its increasing use in aluminum production. Aluminum fluoride is a critical component used in the electrolytic production of primary aluminum. It is added to the electrolytic bath to lower its melting point and viscosity. This improves the efficiency of the electrolysis process and ensures smooth flow during aluminum casting. The rising aluminum production driven by growth in the transportation and construction industries will augment the consumption of aluminum fluoride.
Segment Analysis
The global aluminum fluoride market is segmented into anhydrous aluminum fluoride and wet aluminum fluoride. The anhydrous aluminum fluoride segment dominated the market in 2023 and is expected to continue its dominance during the forecast period. Anhydrous aluminum fluoride is used in manufacturing of primary aluminum, which is the largest end-use industry for aluminum fluoride. Primary aluminum production requires anhydrous aluminum fluoride as a fluxing agent, as it helps remove impurities from raw materials. This drives the demand for anhydrous aluminum fluoride and makes it the dominating sub-segment.
Key Takeaways
The Global Aluminum Fluoride Market Size is expected to witness high growth, exhibiting a CAGR of 2.7% over the forecast period, due to increasing demand from end-use industries such as primary aluminum, aluminum chemicals, non-ferrous metals, and others.
Regional analysis: Asia Pacific dominated the global market in 2023 and is expected to continue its dominance during the forecast period. China dominates aluminum fluoride market in Asia Pacific due to presence of large primary aluminum industry along with ready availability of bauxite reserves.
Key players operating in the aluminum fluoride market are Alufluoride Ltd.,Rio Tinto Plc,Tanfac Industries Ltd.,Fluorsid S.p.A,Mexichem S.A.B. de C.V.,Industries Chimiques du Fluor (ICF),PhosAgro PJSC,Do-Fluoride Chemicals Co., Ltd,Pingquan Greatwall Chemical Co., Ltd.,Gulf Fluor,AB Lifosa,Alufluor AB,Derivados del Fluor. The aluminum fluoride market is moderately consolidated with top five players accounting for over 50% of the global production. Key players are focused on expansion of production capacities to cater to growing demand.
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