The global aluminum fluoride market size is expected to reach US$ 1710 million by 2024, and register a CAGR of 1.9% over the forecast period (2019 - 2027).

Market Overview

Aluminum fluoride, also known as aluminum trifluoride, is an inorganic, chemical compound that is primarily used in the production of aluminum. The compound occurs in a colorless (white crystalline solid) form, as well as in minerals such as rosenbergite and oskarssonite. Aluminum fluoride has a wide range of applications in the chemical industry.

Market Dynamics

Aluminum fluoride is primarily used as an additive in the production of aluminum through electrolysis. Aluminum manufacturing involves the extraction of aluminum from its ore. Pure aluminum oxide is electrolyzed using a combination of aluminum fluoride and cryolite, which helps in lowering the melting point of the aluminum solution, and increasing its conductivity. Other applications of aluminum fluoride include production of fluoroaluminate glass, which is used for fiber-optic imaging and other applications in the medical industry. It is also used as a main component in ceramics for adding glaze to finished ceramic products. Fermentation properties contained in aluminum fluoride make it a useful ingredient in the beer and wine making industry. The wide range of applications found in the compound majorly contribute to the overall market growth in the near future.

However, health issues associated with overexposure to aluminum fluoride may hinder growth of the market in the future. Prolonged exposure to the compound, especially in powder form, can cause asthma. Moreover, the neurotoxic effect created by small doses of the chemical and can affect bone health and the nervous system, and cause fluorosis, and nervous system impairment.

Market Outlook

Asia Pacific holds a dominant position in the global aluminum fluoride market, with China contributing significantly to the global market share. Furthermore, countries such as Japan and India are expected to emerge as key players in the market, owing to increasing demand in the region for products made using aluminum fluoride. Rising disposable income and GDP in both countries is also expected to generate high demand in end-user industries such as automotive, construction, and pharmaceuticals. As a result, the market is expected to witness the fastest growth in the Asia Pacific region over the forecast period.

Additionally, North America region is expected to be the second highest contributor to the overall market growth, owing to rising per capita income and increasing investments by key players in the region. Europe is also estimated to witness moderate growth as a result of increasing innovation and technological advancement by major players in the region. Furthermore, growth of several end-user industries and increasing demand for the product in regions such as Africa and Latin America is estimated to propel growth of the market.

Key Players

Key players in the market are primarily engaged in research and development (R&D) activities, in order to improve technological efficiency and to strengthen their position in the market. The competitive landscape of the global aluminum fluoride market is expected to witness several key developments over the forecast period. Some of the prominent players in the market are Alfa Aesar, Shanghai IS Chemical Technology, Finetech Industry, Apollo Scientific Limited, and E. I. du Pont de Nemours and Company.


Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
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  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
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Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users