The global demand for Synthetic Cryolite Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX KT in 2021 and foreseen to touch XX KT by 2027 with a CAGR of XX% during 2020-2026.
Synthetic cryolite is a white crystalline powder manufactured from sodium carbonate, hydrofluoric acid, and aluminium. It is also termed as sodium aluminium fluoride, sodium fluoaluminate, sodium fluoroaluminate, sodium hexafluoroaluminate, aluminium sodium fluoride, kryolith, kryocide, and ice spar. It is an important raw material of aluminium manufacturing. It is also used in glass and enamel industries as a filler, for manufacturing insecticides, and making salts of aluminium and sodium.
Emerging end-use industries is driving the growth of the market. The aluminium industry represents the largest share in the market. The major quantity of synthetic cryolite is consumed by the aluminium industry which serves the globe's two giant industries: building construction and automotive industry. The growth in global aluminium production has boosted consumption of synthetic cryolite. China is the largest consumer and producer of synthetic cryolite. As an influence of lightweight trend, aluminium is considered as young metal compared to other non-ferrous metals. However, changing trade rules is predicted to impede the growth of the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of synthetic cryolite.
The entire Synthetic Cryolite market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Powder (80-325mesh)
- Granular (0-10mm)
- Aluminium Metallurgy
- Enamel and Glazing Frits
- Soldering Agent
This section covers regional segmentation which accentuates on current and future demand for synthetic cryolite market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Synthetic Cryolite Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Synthetic Cryolite market include Solvay, Fluorsid, Nantong Jinxing Fluorides Chemical, Jiangsu Xintai Material Technology, Triveni Chemical. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.