Flourspar, also known as calcium fluoride, is an important industrial mineral primarily used in the production of steel, aluminum and fluorine gas. It is an essential raw material used in the metallurgy industry. Flourspar finds applications in production of steel and aluminum due to its fluxing properties which helps in removal of slag from metals during smelting. It is also used as a raw material in production of hydrofluoric acid, which further finds usage in wide range of industries including chemical, nuclear, optical, ceramic and pharmaceutical. The global Fluorspar Market is estimated to be valued at US$ 2.2 Bn in 2023 and is expected to exhibit a CAGR of 15 % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Rising steel production across the globe, particularly in emerging economies such as China and India is a key factor driving demand for fluorspar. As per the World Steel Association, China produced over 1 billion tonnes of crude steel in 2021 and accounted for more than 50% of the global steel production. This surge in steel manufacturing has augmented consumption of fluorspar as a fluxing agent in steelmaking. Additionally, rapid industrialization and urbanization has also accelerated demand for aluminum globally. Fluorspar is widely used in aluminum smelting process to lower the melting point of aluminum oxide and purify the aluminum. Strong growth outlook for metallurgy industry in developing nations is further expected to boost fluorspar market growth over the forecast period.
Segment Analysis
The global fluorspar market is dominated by the acid grade sub segment. Fluorspar with acid grade content of more than 97% is used majorly in the production of hydrofluoric acid which is used in various end use industries such as chemical, aluminum, and pharmaceutical. Hydrofluoric acid acts as fluxing agent in the manufacturing of aluminum and is also used as feedstock for numerous chemical productions. This has contributed to the high demand for acid grade fluorspar over other grades.
Key Takeaways
The Global Fluorspar Market Demand is expected to witness high growth over the forecast period of 2023 to 2030 supported by growing demand from metallurgical and chemical applications.
Regional analysis shows that Asia Pacific currently dominates the fluorspar market and is expected to maintain its leading position during the forecast period. This can be attributed to strong growth of metallurgical and chemical industries along with presence of developing economies like China, India, and Southeast Asian countries in the region.
Key players related content comprises the global fluorspar market is characterized by presence of few large players operating globally and numerous small players operating regionally. Key players operating in the fluorspar market are Mexichem, Minersa, Tertiary Minerals, Kenya Fluorspar, British Fluorspar, Mongolrostsvetmet, Sinochem Group, and Centralkt Flouropar. Mexichem is the global market leader with over 25% share in fluorspar production globally.
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The global Fluorspar Acid Grade market is segmented by company, region (country), by Type, and by Application.
Players, stakeholders, and other participants in the global Fluorspar Acid Grade market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-fluorspar-acid-grade-2021-994Segment by TypeSpecial GradeGrade 1Grade 2Grade 3Segment by ApplicationChemical IndustryMetallurgy IndustryBuilding MaterialOtherThe Fluorspar Acid Grade market is analysed and market size information is provided by regions (countries).
Segment by Application, the Fluorspar Acid Grade market is segmented into North AmericaEuropeChinaJapanSoutheast AsiaIndiaOther Regions.By CompanyMexichemMinersaTertiary MineralsKenya FluorsparBritish FluorsparMongolrostsvetmetSinochem GroupHunan Nonferrous Fluoride ChemicalCentralfluor IndustriesGuoxing CorporationChina Kings ResourcesZhejiang Wuyi Shenlong FlotationLuoyang Fluorine PotassiumLaifeng Furui MiningYingpeng ChemicalLuoyang Fengrui FluorineInner Mongolia Xiang Zhen Minig GroupJinhua Jingxuan MineralsChifeng Sky-Horse Fluorspar MiningGet the Complete Report & TOC @ https://www.grandresearchstore.com/chemicals-and-materials/global-fluorspar-acid-grade-2021-994Table of content1 Fluorspar Acid Grade Market Overview1.1 Fluorspar Acid Grade Product Scope1.2 Fluorspar Acid Grade Segment by Type1.2.1 Global Fluorspar Acid Grade Sales by Type (2016 & 2021 & 2027)1.2.2 Special Grade1.2.3 Grade 11.2.4 Grade 21.2.5 Grade 31.3 Fluorspar Acid Grade Segment by Application1.3.1 Global Fluorspar Acid Grade Sales Comparison by Application (2016 & 2021 & 2027)1.3.2 Chemical Industry1.3.3 Metallurgy Industry1.3.4 Building Material1.3.5 Otehr1.4 Fluorspar Acid Grade Market Estimates and Forecasts (2016-2027)1.4.1 Global Fluorspar Acid Grade Market Size in Value Growth Rate (2016-2027)1.4.2 Global Fluorspar Acid Grade Market Size in Volume Growth Rate (2016-2027)1.4.3 Global Fluorspar Acid Grade Price Trends (2016-2027)2 Fluorspar Acid Grade Estimates and Forecasts by Region2.1 Global Fluorspar Acid Grade Market Size by Region: 2016 VS 2021 VS 20272.2 Global Fluorspar Acid Grade Retrospective Market Scenario by Region (2016-2021)2.2.1 Global Fluorspar Acid Grade Sales Market Share by Region (2016-2021)2.2.2 Global Fluorspar Acid Grade Revenue Market Share by Region (2016-2021)2.3 Global Fluorspar Acid Grade Market Estimates and Forecasts by Region (2022-2027)2.3.1 Global Fluorspar Acid Grade Sales Estimates and Forecasts by Region (2022-2027)2.3.2 GlobalIf You Have Any Question Related To This Report Contact Us @ https://www.grandresearchstore.com/enquire-now/global-fluorspar-acid-grade-2021-994CONTACT US:276 5th Avenue, New York, NY 10001, United StatesInternational: +1(646)-781-7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store
Acid Grade Fluorspar market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Acid Grade Fluorspar market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Acid Grade Fluorspar market is segmented into:Special GradeGrade 1Grade 2Grade 3Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/60501/global-japan-acid-grade-fluorspar-2026-692Segment by Application, the Acid Grade Fluorspar market is segmented into:Chemical IndustryMetallurgy IndustryBuilding MaterialOtehrRegional and Country-level Analysis:The Acid Grade Fluorspar market is analysed and market size information is provided by regions (countries).The key regions covered in the Acid Grade Fluorspar market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Acid Grade Fluorspar Market Share Analysis:Acid Grade Fluorspar market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
