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2021
Potassium Fluoroaluminate Market

Potassium Fluoroaluminate Market: Global Opportunity Analysis and Industry Forecast, 2021–2028

A11485
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Dec 2021 | 237 Views
   
Author(s) : Eswara Prasad
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COVID-19

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Potassium Fluoroaluminate Market Outlook -2028

Potassium fluoroaluminate is an organic chemical compound formed by the reaction of potassium hydroxide, aluminum hydroxide, and hydrogen fluoride in an aqueous medium under vacuum. Potassium fluoroaluminate is used in the form of paste, powder or paint as the brazing flux disrupts the natural surface oxide and prevents re-oxidation in aluminum welding to form joints and used in the production of abrasives, welding agents, and soldering agents Potassium fluoroaluminate possesses properties such as corrosion resistance, lightweight, high strength, and braze ability. Over the last two decades, the use of aluminum has highly increased due to its wide application in automotive, electrical & electronics, and construction industries.  

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2028

  Base year considered

  2020

  Forecast period

  2021–2028

  Forecast unit

  Value (USD)

  Segments covered

  Application, End Use Industry, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa (Saudi Arabia, UAE, Kuwait, South Africa, and Rest of MEA)

  Companies covered

Solvay SA, Honeywell International Inc, Triveni Interchem Private Limited, Gongyi Meiqi Industry & Trade Co., Limited, Changshu Xinxin Chemical Co., Ltd., and Harris Products Groups

 

COVID-19 scenario analysis:

The outbreak of the COVID-19 pandemic has severely affected the global potassium fluoroaluminate market.

  • Some parts or components in electronic industry are made up of aluminum and to give the desire shape, potassium fluoroaluminate is used. Attributed to COVID-19, all manufacturing units were closed and production was stopped. Moreover, there is huge decline growth of the potassium fluoroaluminate market.
  • The COVID-19 pandemic had a swift and devastating impact on the global automotive industry as this sector is one of the biggest buyers of potassium fluoroaluminate. However, this has caused a steep fall in demand of potassium fluoroaluminate.
  • Glass industry is the major buyer of potassium fluoroaluminate. Potassium fluoroaluminate is used as the flux in glass industry. In lockdown, production was stopped; hence, there was sluggish growth of the potassium fluoroaluminate market in 2020.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

The potassium fluoroaluminate market is rapidly growing day by day due to its wide use in automotive, electronic & electrical, and glass industries. It is used as the flux in smelting and welding agent in aluminum to reduce the magnesium level of melt. To give any desire shape to any metal design, joints are required to metal and potassium fluoroaluminate is an excellent welding agent. This results in high demand for potassium fluoroaluminate. In addition, there is high rise in demand for abrasives and soldering agents, which are manufactured by potassium fluoroaluminate. Additionally, easy availability of raw material and increasing logistics and supply chain are anticipated to boost the market in future. However, some environmental regulation and higher prices of the products & machinery might act as restraining factors for the market.

In terms of market share, Asia-Pacific is dominating the market due to wide technology expansion and largest workforce & population. After Asia-Pacific, the Middle East & Africa captures maximum market share of potassium fluoroaluminate due to the high number of chemical and glass industries across the region.    

Key segments covered:

Segments

Sub-segments

  Application

  • Soldering Agent
  • Abrasives
  • Welding Agents

  End User Industry

  • Automotive Industry
  • Glass Industry
  • Healthcare
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global potassium fluoroaluminate industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global potassium fluoroaluminate market share.
  • The current market is quantitatively analyzed from 2019 to 2028 to highlight the global potassium fluoroaluminate market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global potassium fluoroaluminate market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the potassium fluoroaluminate market research report:

  • Which are the leading market players active in the potassium fluoroaluminate market?
  • What the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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