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Market Outlook of Aluminium Fluoride
Aluminum fluoride is white colored or colorless solid powder that can be produced synthetically and is also found in nature with minerals such as rosenbergite. Alumina and hexafluorosilicic acid are among the vital raw materials that go into the production of aluminum fluoride.
China is the leading manufacturer of aluminum fluoride across the globe and constitutes significant portion of the global market share. Moreover owing to over exploitation of major raw material sources in China,the production is anticipated to decline in the near future.
High GDP growth and increasing disposable income in India and China have led to high growth in several end user industries including automobiles,pharmaceutical, packaging,aerospace,construction among others. High growth in end user industries is expected to be among foremost factors driving demand for aluminum fluoride in the region.
Demand for aluminum fluoride in North America and Europe is anticipated to grow at a sluggish rate during the forecast period. Underutilized fluorspar reserves in South Africa coupled with increasing government support to invest in the reserves is expected to drive market growth for aluminum fluoride in the Row region.Moreover, increasing demand for aluminum fluoride driven by high growth in several end user industries in the rapidly industrializing economies of South America and Africa will likely present massive growth opportunities for players in the aluminum fluoride market.