Aluminium Production Chemicals Market Key Players, End User, Demand and Consumption by 2028

Aluminium Production Chemicals Market Overview

Aluminium, one of the most abundant elements in the earth’s crust comprises nearly 8% of the planet’s mineral base in form of ores. It has a low density, malleable, corrosion resistant and a good conductor of both heat and electricity. In order to produce aluminium, various types of aluminium production chemicals are utilized which include aluminium fluoride, cryolite, carbon, calcium fluoride etc.

Aluminium production chemicals possess different properties and have different applications. Aluminium fluoride is added as an additive to the cryolite electrolyte used in the electrolysis, cryolite is the main constituent of electrolyte used in alumina electrolysis, sodium carbonate (soda ash) is utilized as an additive to the electrolyte in alumina electrolysis and it is much cheaper alternative to sodium fluoride.

Demand for the aluminium production chemicals is primarily driven by growing construction spending, aluminium consumption etc. which implicitly depends on the growth of global per capita income growth, global GDP growth

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Global Aluminium Production Chemicals Market: Dynamics

Increasing primary aluminium production supported by surging demand from end-use sectors is found to be one of the key factor pushing the growth of aluminium production chemicals. Globally primary aluminium production increased by more than 5% in 2017.

Outlook for the aluminium industry in recent past continues to be good overall in spite of continuous political uncertainty, such as tariffs on aluminium imports in U.S., Brexit and concerns that China, as the world’s largest producer of aluminium and its semi-finished products, might expand its exports into European markets.

However, declining aluminium production in certain geographies is a key restraining factor. Over the recent past, there has been rapid and dramatic decline in aluminium output across various countries including Brazil, France, Argentina, etc. This rapid decline in aluminium production is expected to restrain the demand for aluminium production chemicals such as aluminium fluoride, sodium carbonate, cryolite across countries

Strict vehicle emission regulations are pushing the automotive OEMs to utilize lightweight (aluminium) products which in turn creating a significant growth opportunities for aluminium production chemical manufacturers across the globe.

Manufacturers of aluminium production chemicals (aluminium fluoride, cryolite, etc.) are continuously focusing on pursuing long-term supply contracts with raw material (fluorspar, aluminium hydroxide, etc.) suppliers to meet the ever-increasing demand from aluminium smelters.