-- Global aluminum fluoride market share is consolidated, and major players participate in R&D activities to improve operational efficiency and patent threatened technologies. Aluminium Corporation, United Company RUSAL, Rio Tinto Alcan are the major companies categorised by vast product portfolio, R&D investments, and wide distribution network. Manufacturers expand production capacity of plants by opting for acquisitions and collaborations as primary strategy to maintain their position in the market.
Aluminum fluoride market size is likely to witness significant growth in the coming years on account of rapid proliferation of processed beverage & food products, transport industry growth and technological advancements. Healthy economic growth combined with the increasing presence of female workforce should result in rising preference for convenience packaged beverage and food items. Aluminum fluoride is widely used to make aluminium cans which are gaining popularity owing to their rapid recycling rates around the globe, which is likely to boost aluminum fluoride market growth.
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North America led by the Mexico, Canada, and U.S. aluminum fluoride market size is likely to grow significantly on account of increased consumption of product in fermentation process and organic complex synthesis process. It is prophesied that investments and rising per capita revenue in region are projected to drive the market growth during the forecasted timeframe. Increased automotive trade and corresponding rise in vehicle usage in regional market, particularly in U.S. led to significant rise in glasshouse gas emissions. U.S. automotive manufacturers are putting efforts to lower weight of automobiles in accordance with government norms, which should increase use of aluminum fluoride in automobiles to reduce its weight, thereby stimulating market growth.
Asia Pacific aluminum fluoride market size led by China, Japan, India and south korea is leading on account of growth, massive urbanisation, increasing income in urban areas and industrial development. China is a leading ceramic manufacturer accounting for 50-70% of total production, display art and building. China aluminium production comprises about half of global market share and is likely to maintain its growth in the forecasted period owing to increased cooperative partnership between government and other industries to embolden development of pioneering technologies that help diminish processed waste and decrease production expenses, thereby augmenting aluminum fluoride market size. Growing demand from evolving economies such as China & India and increased use of reprocessed aluminum products provides rewarding opportunities for market expansion.
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Aluminum fluoride market is bifurcated majorly on the basis of its end uses in pharmaceutical, construction, and food industry. It is used in manufacturing of glass, vehicle motor, low index optical thin plates, aluminium silicate, fermentation process, and as a catalyst. Aluminium consumption in motor vehicle market is predicted to rise owing to high car ownership rates and increased awareness for decreasing the average weight of vehicles. Global motor vehicle sales surpassed 75 million in 2018 and is predicted to see significant gains in the forecasted timeframe which would increase the market size.
Emergent awareness about benefits of aluminium and ongoing technological advancements would increase consumer base of aluminum fluoride market. It caters to diverse industries such as ceramics, glass, transport, food and automotive. Aluminium is used in construction industry on account of its light weight and corrosion resistance. It is also used in electrical transmission lines, the market size of transmission line is expected to surpass USD 12.6 billion owing to development in infrastructure, which should contribute to the market expansion.
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