Aluminum Fluoride Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to aluminum fluoride market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Aluminum Fluoride Market News

  • In June 2023, Novelis Inc., a leading supplier of sustainable aluminum solutions, began work on an expansive new contract with the Coca-Cola Bottlers 'Sales & Services Company.
  • In July 2023, Norsk Hydro ASA successfully finalized the acquisition of Alumetal S.A., a recycled-content aluminum producer based in Poland. This strategic move is aimed at expanding Norsk Hydro's product portfolio within the low-carbon and scrap-based foundry alloy market.

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Aluminum Fluoride Market size was valued at USD 1.95 Billion in 2023 and is poised to grow from USD 2 Billion in 2024 to USD 2.51 Billion by 2032, growing at a CAGR of 2.8% during the forecast period (2025-2032).

The aluminum fluoride market is a competitive landscape, with competition among companies jockeying for position and who want to be on top. The sector's established companies continually research and develop so as to improve production procedures, or even Aluminum Fluoride itself. To increase the range of products, strengthen international market presence and positioning. Strategies adopted include strategic alliances; mergers; acquisitions. 'Novelis Inc. (United States)', 'Hydro Aluminium AS (Norway)', 'Rio Tinto Alcan (Canada)', 'China Aluminium International Engineering & Construction Corporation (China)', 'Chalco Aluminium Corp. (China)', 'Emfesal S.A. (Spain)', 'Rusal (Russia)', 'Dubai Aluminium Company Limited (DUBAL) (United Arab Emirates)', 'Bharat Aluminium Company Limited (BALCO) (India)', 'Hindalco Industries Limited (India)', 'UACJ Corporation (Japan)', 'Aluminum Corporation of America (Alcoa) (United States)', 'Century Aluminum Company (United States)', 'Kaiser Aluminum Corporation (United States)', 'Vedanta Resources Limited (India)', 'South 32 Ltd. (Australia)', 'Aluminum Bahrain B.S.C. (Alba) (Bahrain)', 'Emirates Aluminium (EMAL) (United Arab Emirates)', 'Rusal America LLC (United States)', 'Companhia Brasileira de Alumínio (CBA) (Brazil)'

Aluminum demand is rising. In particular, the automotive, aerospace and construction industries are major consumers of aluminum products. Aluminum Fluoride is a key material in the production of aluminum, and its anhydrous form plays a vital role since demand for this soft but lightweight and versatile metal keeps rising. Another major factor is increasing demand for fluorine-based chemicals, which use Aluminum Fluoride as a raw material.

The growing trend toward sustainable practices in the industry. As the global economy strives for sustainable operation, Aluminum Fluoride manufacturers are switching to environmentally friendly production methods and seeking ways of reducing negative impact on the environment. Further, developing better production technologies for Aluminum Fluoride means more efficiency and greater savings of scarce resources. The market is further seeing increasing emphasis on diversification, with aluminum fluoride used in a wide range of new applications within all these industries.

Because Asia-Pacific is the center of aluminum production, it will occupy a leading position in the market for aluminum fluoride. In particular, countries such as China are vital to global aluminum production. As a result they create huge demand for aluminum fluoride. The region's high rates of industrialization, especially in the automotive and construction industries, increase aluminum demand all the more. These industrial gains firm up Asia-Pacific's stake in the market.

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Global Aluminum Fluoride Market
Aluminum Fluoride Market

Report ID: SQMIG15I2013

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