Global Fluorspar Market Expected To Reach USD 1,960 Million By 2025

Global Fluorspar Market Expected To Reach USD 1,960 Million By 2025

Published: 29-Jan-2020 | Published By: Market Research Store

The published report on “Global Fluorspar Market –By Product Type (Lapidary Grade, Ceramic Grade, Optical Grade, Metspar, and Acidspar), By Application (Steel Production, Lithium-Ion Battery, Concrete Additives, Hydrofluoric Acid, and Aluminum Production), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019–2025.” exhibits the escalating demand for global fluorspar market in 2018 was approximately USD 1,630 Million. It is anticipated to reach over USD 1,960 Million by 2025 growing gently at a CAGR of around 2.7%.

Browse Full Report 130 Market Data Tables and 46 Figures spread through 130 Pages and in-depth TOC on "Fluorspar Market (Manufacturing, Aviation & Transportation, Food Processing, Science & Technology), Region - Global Forecast to 2025" View detailed Table of Content here -

The naturally occurring forms of fluorite compounds are known as fluorspar. Calcium (51.1%) and fluorine (48.9%) are the two major elements present in fluorspar. The cubic crystalline form of fluorites is usually translucent and colorless. However, these compounds come in different colors such as yellow, green, blue, or others, due to some impurities. These minerals are present in adequate amounts in cavities of some dolomites and limestone.

Significant expansion of the automotive sector from the past several years is anticipated to be propelling the global fluorspar market. Fluorspar reacts with sulfuric acid to form hydrofluoric acid, which is used in manufacturing aluminum. The key factor driving the global fluorspar market considerably is the massive demand for aluminum in the automotive industry. Significantly growing automobile demand and the increasing establishment of production factories in emerging countries is likely to bolster the global market demand. Rising demand for opaque glasses in the infrastructure sector, including hospitals and offices, is expected to boost the global fluorspar market, as fluorspar is the key ingredient used in manufacturing such glasses. Fluorspar has an application in producing fluorocarbon, which is commonly used in downstream activities. China and Mexico are the two leading countries where majority of downstream processes are conducted. These two regions are probably driving the global fluorspar market remarkably. Stringent regulations and policies set by various state governments regarding industrial processes used to generate and extract fluorspar derivatives are likely to hamper the global market growth.

As China is the globally leading manufacturer and exporter of fluorspar, it is booming the Asia Pacific fluorspar market. It is anticipated that Asia Pacific would hold major share in the global market over the forecast period. On the other hand, the Latin America regional market is anticipated to flourish rapidly during 2019–2025 owing to the huge reserves of fluorspar in Mexico. Substantial market growth is expected in South Africa due to the growing demand for fluorspar in the automotive and construction sectors.

One of the highly purified forms of fluorspar, acidspar, is widely used in hydrogen fluoride manufacturing, which is the major ingredient in the production of aluminum metal. Metspar is relatively less purified of fluorspar and is used as a catalyst in cement manufacturing.

Ceramic grade fluorspar is widely used in the manufacturing of specialty glass, ceramics, and enamelware. The surface treatments given through the fluorspar type makes the glass more glossy and opalescent.

The major industries involved in manufacturing and improving fluorspar in the global market areSallies Limited, Mexichem Fluor, Zhejiang Yingpeng Chemical Ltd., Moodie Mineral Company, Seaforth Mineral & Ore Co. Ltd., Canada Fluorspar Inc., RUSAL, and Minersa Minerals.

The global fluorspar market is segmented as:

Global Fluorspar Market: By Product Type

  • Lapidary Grade
  • Ceramic Grade
  • Optical Grade
  • Metspar
  • Acidspar

Global Fluorspar Market: By Application

  • Steel Production
  • Lithium-Ion Battery
  • Concrete Additives
  • Hydrofluoric Acid
  • Aluminum Production

Global Fluorspar Market: By Region

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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