Fluorspar Market Forecast 2023: Trends and Future Prospects, Top Companies Details for Business Development

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Fluorspar is the commercial name of mineral fluorites. Fluorite minerals are composed of calcium fluoride (CaF2) containing 51.1% calcium and 48.9% fluorine. They are also found in the fractures and cavities of some limestone and dolomites. It occurs as cubic, isometric crystals having cleavable mass with colorless and translucent with a glassy luster. Impurities change the color of the fluorspar to purple, blue, green, yellow, or others.

Growing demand for steel and aluminum from the construction industry is expected to be the key driver in the growth of the global fluorspar market over the forecast period. Growing popularity of lithium-ion batteries over conventional batteries is also expected to drive the fluorspar market over the forecast period majorly. Furthermore, growing optics, ceramics, and personal care industry in emerging economies on account of rising disposable income and changing lifestyle are further augmenting the fluorspar market over the forecast period.

Fluorspar is categorized based on purity into different types such as an acid spar, ceramic spar, met spar, and others. Acid spar is an extremely pure material containing over 97% CaF2.  Ceramic spar contains about 85%-97% CaF2. Met spar contains about 60%-85% CaF2. Met spar is metallurgical grade fluorspar, which is primarily used in the production of metals where it acts as a flux to remove impurities such as sulfur and phosphorous from molten metal and thus improves the fluidity of slag. 

Top Key Players:

Tertiary Minerals Plc (UK), 
Mexichem S.A.B. de C.V (Mexico), 
Masan Group (Vietnam), 
Centralfluor Industries Group, Inc. (China), 
Kenya Fluorspar Company Ltd. (Kenya), 
Seaforth Mineral & Ore Co., Inc (U.S.), 
British Fluorspar Ltd (UK), 
China Kings Resources Group Co., Ltd. (China),
Mongolrostsvetmet LLC (Mongolia)

Get Full Knowledge About This Report Here: https://www.marketresearchfuture.com/reports/fluorspar-market-6032 

Market Segments:

On the basis of the form, the global fluorspar market is segmented into a dry powder, lump, filter cake, and others. Dry powder accounted for the major share of the global market in 2017 owing to considerable utilization of high purity acid spar, which is available in powder form for chemical manufacturing as well as metallurgical applications in developed regions such as North America and Europe and is expected to show steady growth over the forecast period.

On the basis of the purity, the global fluorspar market is segmented into acid spar, ceramic spar, met spar, and others. Acid spar is sub-segmented based on application into hydrofluoric acid (HF), aluminum fluoride, synthetic cryolite, welding rods, and others. Hydrofluoric acid is further segmented based on application into fluorocarbons (refrigerant, foam blowing agent), petroleum alkylation, toothpaste, the etchant  for semiconductors, steel pickling process, Li-ion batteries, and others. Ceramic spar is sub-segmented based on application into glass, ceramics, enamelware, and others. Met spar is sub-segmented based on application into metal (steel, iron, and others), cement, fluorite carved craftworks, and others. Acid spar accounted to have the major market share in 2017 and is expected to continue strong growth over the forecast period. High consumption of HF for a wide range of applications as well as the preference of acid spar over met spar in developed regions even for metallurgical applications are the factors contributing to the growth of the acid spar market.

On the basis of the end-user industry, the global fluorspar market is segmented into metallurgy, chemical, ceramic, optical, electrical & electronics, personal care, lapidary, and others. Metallurgy industry accounted to have the major market share in 2017 due to growing infrastructural activities and automotive & transportation industry across the globe.

For Further Information On this Report, Click Here @ https://www.openpr.com/news/1511985/Fluorspar-Market-comprehensive-Analysis-by-Type-and-Key-Players-Tertiary-Minerals-Plc-Kenya-Fluorspar-Company-Ltd-Mexichem-S-A-B-de-C-V-Seaforth-Mineral-Ore-Co-Inc.html 

Geographical Analysis:

The global fluorspar market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.

Asia Pacific is expected to be leading the global fluorspar market in terms of both production and consumption over the forecast period.

North America and Europe are following Asia Pacific in terms of market size.

The Middle East & Africa is expected to show rising demand over the forecast period.

Latin America market is export-oriented on account of its poor economy.

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