February 25, 2024

The Aluminum Deoxidizer Market is driven by growing aluminum production

Aluminum deoxidizers are critical components used in aluminum production to eliminate dissolved oxygen from molten aluminum. They prevent oxidation and promote smooth pouring and casting. Some of the main types of aluminum deoxidizers include potassium aluminum fluoride (KAlF4), sodium aluminum fluoride (NaAlF4), calcium carbide (CaC2), barium-based deoxidizers, and master alloys such as Al-Ti-B. They help improve workability, reduce hydrogen absorption, and obtain sound castings by allowing the evolution of gases. The global aluminum production has seen steady growth over the past few years on account of rising demand from end-use industries like construction, transportation, packaging, machinery, and electronics. Aluminum has become one of the most widely used non-ferrous metals due to its light weight, high corrosion resistance, and moderate strength. Innovation in nanocoatings, nanofilms, nanocomposites, and other forms are further expanding the applications of aluminum into new domains. The global Aluminum Deoxidizer Market is estimated to be valued at US$ 3.13 Bn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Calcium-based deoxidizers continue to gain popularity in the aluminum deoxidizer market owing to their affordability and effectiveness. Calcium-based products contain calcium carbide (CaC2) as the primary active ingredient. When added to molten aluminum, they react rapidly with oxygen to produce inert calcium oxide slag. CaC2-based deoxidizers provide efficient degassing without altering the composition of aluminum. They also eliminate harmful hydrogen formation associated with other deoxidizers. Moreover, calcium deoxidizers conform to strict environmental regulations on heavy metals and halogens. Leading manufacturers are focusing on calcium variants to meet the escalating demand from aluminum foundries and production facilities. The calcium-based segment accounted for over 40% of the global aluminum deoxidizer market share in 2022 and is projected to witness significant gains during the forecast period.

Porter’s Analysis

  • Threat of new entrants: The aluminum deoxidizer market has moderate threat of new entrants as it requires significant capital investments for R&D activities and production facilities.
  • Bargaining power of buyers: Buyers have moderate bargaining power due to availability of close substitutes and established suppliers in the market.
  • Bargaining power of suppliers: Suppliers have moderate to high bargaining power as raw materials used for production are limited in number and availability.
  • Threat of new substitutes: Threat of new substitutes is moderate as aluminum deoxidizer has limited close substitutes available.
  • Competitive rivalry: Competition in the market is high among established players operating globally.

Key Takeaways

The global aluminum deoxidizer market is expected to witness high growth over the forecast period.

Regional analysis: The Asia Pacific region is the fastest growing as well as largest market for aluminum deoxidizer. China dominates the Asia Pacific as well as global market owing to presence of a large number of aluminum production plants and foundries. India is also expected to witness robust growth in demand for aluminum deoxidizer driven by growth in automotive, defense and infrastructure industries.

Key players: Key players operating in the aluminum deoxidizer market are Almatis GmbH, AluChem, Inc., Motim Electrocorundum Ltd., READE Advanced Materials, Zibo Honghe Chemical Co., Ltd., Henan HengXin Industrial & Mineral Products Co., Ltd., Prince Minerals LLC, HAIHUI Group Co., Ltd., Gongyi City Meiqi Industry & Trade Co., Ltd., Xinzheng Chengxin Carbon Co., Ltd.,Henan Junsheng Refractories Limited, Luoyang Zhongsen Refractory Co., Limited, Jiaozuo BeiYuan Chemical Co., Ltd., Gongyi City Xianke Water Supply Material Co., Ltd., Zibo Jiuchen Industry & Trade Co., Ltd.