Global Aluminum Fluoride Market 2018-2022 | Surging Demand in Aluminum Production to Boost Growth | Technavio

Technavio analysts forecast the global aluminum fluoride market to grow at a CAGR of over 4% during the forecast period, according to their latest market research report.

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Technological advancement in aluminum fluoride production is one of the major trends being witnessed in the global aluminum fluoride market 2018-2022. New production technologies have been developed to manufacture high-density aluminum fluoride using fluosilicic acid, which is obtained during the acidulation of phosphate rock in the manufacturing process of phosphatic fertilizers. With stringent environmental regulations, the use of fluosilicic acid will increase in the near future. Fluosilicic acid finds its main application in the manufacture of low bulk density (LBD) and high bulk density (HBD) aluminum fluoride. Therefore, the rising use of this technology is expected to positively influence the global aluminum fluoride market during the forecast period.

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According to Technavio analysts, one of the key factors contributing to the growth of the global aluminum fluoride market is the surging demand in aluminum production.

Global aluminum fluoride market: Surging demand in aluminum production

Aluminum fluoride is widely used as a flux in the aluminum production process. The use of aluminum fluoride in the primary aluminum production process lowers the consumption of electricity and reduces the overall production cost. Aluminum fluoride also enables aluminum producers to streamline production, cut production costs, and ensure a pure end-product. Aluminum fluoride is not substitutable by any other product in this respect. Aluminum fluoride has become one of the most commonly used compounds to produce aluminum through molten salt baths. This factor will fuel the growth of the market during the forecast period.

According to a senior analyst at Technavio for research on metals and minerals, “Regulatory agencies around the globe are imposing stringent regulations on manufacturing standards to protect the environment. These regulations are compelling manufacturers to use technologies that reduce harmful emissions into the environment. This has led to the use of lightweight non-ferrous metals such as aluminum in vehicles, which is boosting the growth of the market.”

Global aluminum fluoride market: Segmentation analysis

The global aluminum fluoride market research report provides market segmentation by application (aluminum, ceramics, and glass), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The APAC held the largest share of the market in 2017, accounting for about 63% share, followed by the Americas and EMEA respectively. The APAC region is expected to continue to dominate the market during the forecast period with the highest incremental growth, followed by the Americas and EMEA respectively.

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Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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