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CHEMICALS AND ADVANCED MATERIALS

Potassium Zirconium Fluoride Market Segmentation by Product Type (Industrial Grade, and Consumer Grade); by Application (Finishing Agents, Plating Agents, Intermediates, and Aluminum Master Alloys); and by End User (Construction, Automotive, Metallurgy, Aerospace & Aviation, Oil & Gas, Manufacturing, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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Global Potassium Zirconium Fluoride Market Highlights Over 2022 - 2031

The global potassium zirconium fluoride market is estimated to garner a substantial revenue by growing at a CAGR of ~5% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed primarily to the growing usage of the product in automobile, pharmaceuticals and coatings industries as a result of its properties such as high thermal stability, chemical resistance and mechanical strength. Along with this, increasing demand for potassium zirconium fluoride as a component of fluxing and plating in arc welding rods is also expected to drive significant growth to the market in the forthcoming years. Moreover, rise in the production of vehicles around the world, and rapid upsurge in urbanization leading to the establishment of new industries are projected to offer ample growth opportunities to the market in the near future. According to the International Organization of Motor Vehicle Manufacturers, 97.302 million vehicles were produced in the world in the year 2017. Among these, 73.456 million units were cars, whereas 23.846 million were commercial vehicles.

Potassium Zirconium Fluoride Market

The market is segmented by end user into construction, automotive, metallurgy, aerospace & aviation, oil & gas, manufacturing, and others, out of which, the automotive segment is anticipated to hold the largest share in the global potassium zirconium fluoride market. This can be accounted to the increasing demand for high-performance welding materials in the automotive industry, and rising use of the product to make aluminum alloys for automobile components. Apart from this, rapidly expanding automotive industry worldwide is also predicted to boost the growth of the market segment in the future. Additionally, on the basis of application, the plating agents segment is assessed to acquire the largest share during the forecast period owing to the escalating utilization of the product as an additive in welding rods for industrial purposes all around the world. CLICK TO DOWNLOAD SAMPLE REPORT

Global Potassium Zirconium Fluoride Market Regional Synopsis

Regionally, the global potassium zirconium fluoride market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the growing technological advancements in the automobile industry, and rising demand for premium-quality welding products in the region. In addition, high manufacturing output, especially in China and India, is also expected to drive market growth in the region in the coming years. In 2020, China’s manufacturing output was about USD 4,000 billion, up from USD 3,700 billion in 2019 and USD 3,600 billion in 2018, respectively. Moreover, the market in North America is projected to grab the largest share over the forecast period owing to the rapidly growing construction sector, and strong presence of market players in the region.  

Potassium Zirconium Fluoride Market Share

The global potassium zirconium fluoride market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global potassium zirconium fluoride market includes the following segments:

By Product Type

  • Industrial Grade
  • Consumer Grade

By Application

  • Finishing Agents
  • Plating Agents
  • Intermediates
  • Aluminum Master Alloys

By End User

  • Construction
  • Automotive
  • Metallurgy
  • Aerospace & Aviation
  • Oil & Gas
  • Manufacturing
  • Others

Growth Drivers

  • Growing Usage of the Product in Automobile, Pharmaceuticals and Coatings Industries
  • Increasing Demand for Potassium Zirconium Fluoride as a Component of Fluxing and Plating

Challenges

  • Volatility in the Prices of Raw Materials

Top Featured Companies Dominating the Market

  • Ambinter SARL
    • Company Overview
    • Business Strategyx      
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Alfa Chemistry
  • Fluorochem Ltd.
  • ArrakisTek Inc.
  • Finetech Industry Limited
  • Aurora Fine Chemicals LLC
  • 3B Scientific GmbH
  • AK Scientific Inc.
  • abcr GmbH

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