May 22, 2024
Aluminum Fluoride Market

Sustainable Growth of Aluminum Fluoride Market Boosted by Rising Demand from Aluminum Industry

Aluminum fluoride is an inorganic compound comprising aluminum and fluorine. It is commonly utilized as a fluxing agent in the aluminum industry and as a topical antimicrobial agent. Aluminum fluoride improves the casting and melting properties of aluminum. It removes undesirable gases and impurities from molten aluminum. Additionally, aluminum fluoride enhances the surface hardness and corrosion resistance of fabricated aluminum parts. It is primarily used in production of aluminum ingots, aluminum alloys, aluminum sheets, and aluminum foils.

The Global Aluminum Fluoride Market is estimated to be valued at US$ 2.65 Mn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2031.

Key Takeaways
Key players operating in the Aluminum Fluoride market are INKIA, Martha Tilaar Group, Wipro Unza, Clara International, Ivy Beauty Corporation, Sdn Bhd Overview, Paragon Technology & Innovation, and Brataco Group of Companies. These players account for over 45% of the global market share. The increasing consumption of aluminum across various end-use industries including construction, transportation, packaging, and consumer durables has been fueling the demand for aluminum fluoride. Geographically, the Asia Pacific region dominates the global aluminum fluoride market with over 35% market share owing to large base of aluminum producers in China and India.

Key players in the growing Aluminum Fluoride Market Size are focused on capacity expansion plans and long-term contracts with end-use industries to cater to increasing demand. Additionally, the global aluminum production is estimated to grow at over 4% annually till 2031 creating significant growth opportunities for aluminum fluoride market players. The aluminum fluoride market in North America and Europe is expected to grow at a healthy pace through 2031 supported by growth in the regional automotive and aerospace industries.

Market key trends
One of the key trends gaining traction in the aluminum fluoride market is increasing substitution of lime and cryolite with aluminum fluoride in aluminum manufacturing facilities. Aluminum fluoride provides better fluxing, melting, and metal purification compared to traditional fluxes like lime and cryolite. This is positively impacting its adoption. Moreover, stringent regulations regarding emissions from aluminum production plants are encouraging greater utilization of environment-friendly fluxes like aluminum fluoride.

Porter’s Analysis

Threat of new entrants: Low capital requirements restrict new players from entering the market.

Bargaining power of buyers: Aluminum Fluoride Market buyers have low bargaining power due to limited suppliers in the market.

Bargaining power of suppliers: A small number of suppliers exist, giving them significant power over buyers.

Threat of new substitutes: No close substitutes available for aluminum fluoride.

Competitive rivalry: Intense competition exists between major established players.

Geographical Regions

The aluminum fluoride market in Asia Pacific dominates in terms of value, accounting for more than 40% share of the global market. This can be attributed to high aluminum fluoride consumption in countries such as China and India.

North America is expected to grow at the fastest CAGR through 2031 owing to rising aluminum fluoride demand from various end-use industries such as automotive and construction in the region.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it