Aluminum Fluoride Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3433
Aluminum Fluoride Market trends during the forecast period 2021-2027 will be largely influenced by the rise of the building & construction sector. The rapid surge in the urban population in developing countries and the subsequent residential and commercial expansion are fueling the product consumption. Additionally, prominent use of the substance as a chemical intermediate in the production of glass, ceramic, aluminum, and other materials creates a promising growth outlook for the industry.
Continuous technological developments will augment the aluminum fluoride industry forecast in the forthcoming years. Several new technologies are being developed for the production of high-density aluminum fluoride using fluosilicic acid. The growing demand for high-purity aluminum fluoride across food & beverage and pharmaceutical sectors will also open positive opportunities for the manufacturers and suppliers.
Aluminum fluoride is a white, odorless, and crystalline powder which serves as an additive in numerous key industrial processes. Its primary application is in the commercial production of aluminum through electrolysis. The substances is vastly used in the manufacturing of glass and ceramics which commonly find use in modern construction and automotive applications. In the food & beverage sector, it is used to inhibit the process of fermentation during wine and beer making. Aluminum fluoride also finds application in the preparation of enamels, glazes, and in metallurgical processes.
By application, the aluminum fluoride market is likely to witness substantial consumption in glass manufacturing through 2027. This is due to the upsurge in the demand for high-quality, durable, and functional glass in automotive and construction. The building & construction sector, particularly, is creating a massive demand for glass products. This can be attributed to the ongoing efforts by house and commercial building owners to minimize energy costs by investing in windows with advanced thermal and acoustic insulation properties.
In terms of the end-user, the pharmaceutical sector is anticipated to capture a notable share of the aluminum fluoride industry. The substance is commonly used as an intermediate, additive, and a catalyst in numerous pharmaceutical processes. The increased demand for pharmaceutical products across the globe due to the rising population, a large number of elderly people, and the growing occurrence of various chronic and lifestyle diseases will boost the consumption of aluminum fluoride.
Europe aluminum fluoride market share will expand significantly over 2021-2027. The regional demand will be largely driven by the food and pharmaceutical sectors. Europe is home to a large geriatric population base and has witnessed a sharp rise in the occurrence of severe diseases in recent years. These factors are driving new investments in the pharmaceutical sector. The presence of major automakers in the region will bolster the regional outlook due to the widespread application of glass and aluminum in auto parts. The construction sector will also create a reasonable demand for aluminum, glass, and ceramics, creating new opportunities for the regional manufacturers.
United Company RUSAL, Aluminium Corporation, and Rio Tinto Alcan are some of the major suppliers in the aluminum fluoride industry. The market players are expected to adoption numerous growth and expansion strategies such as partnerships, acquisitions, mergers, and joint ventures to gain a competitive edge.
Covid-19 Impact Analysis
Global manufacturing activities slowed down during the crisis for restricting the spread of the virus. As such, the aluminum fluoride market being highly dependent on construction, food, and pharmaceutical sectors has witnessed numerous setbacks due to the COVID-19 pandemic. The containment measures imposed in numerous economies has impacted the activities of these industries, having a short-term impact on aluminum fluoride demand. However, the gradual recovery of construction, automotive, and other sectors will augment the industry forecast during 2021-2027.
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