Fluorspar, also known as fluorite, is a mineral that is composed of calcium fluoride (CaF2). It has a range of industrial uses due to its unique properties. It is a key component in the production of hydrofluoric acid, which is used in the manufacturing of fluorocarbons, fluoride ions, and various chemical compounds. It is also used in the production of aluminum, uranium, and other metals. Fluorspar is a key ingredient in the production of cement, and it is used as a flux agent in steelmaking, where it helps to remove impurities and improve the quality of the final product. According to the latest data, the market size of the global fluorspar sector is expected to rise by 3.6 million tons with a CAGR of 6.11% by the end of 2029.
This industry report offers market estimates of the global market, followed by a detailed analysis of the grade, application, and region. The global market data on fluorspar can be segmented by grade: acid grade, ceramic grade, lapidary grade, metallurgical grade, optical grade. According to the research, the acid grade segment had the largest share in the global fluorspar market. Fluorspar market is further segmented by application: ceramics, chemicals, metallurgical, others. In 2022, the chemicals segment made up the largest share of the fluorspar market. Based on region, the fluorspar market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Among these, Asia-Pacific was accounted for the largest share of the market in 2022.
The global fluorspar market is highly competitive. The prominent players operating in the global fluorspar market include China Kings Resources Group Co. Ltd., Fluorsid S.p.A., Grupo Minersa, Inner Mongolia Baotou Steel Union Co. Ltd., Kenya Fluorspar Company, Masan Resources Corporation, Mexichem Fluor S.A. de C.V. (Koura), Mongolrostsvetmet LLC, Sallies Ltd., Seaforth Mineral & Ore Company Inc., Steyuan Mineral Resources Group Ltd., United Company RUSAL, Zhejiang Wuyi Shenlong Flotation Co. Ltd., Zhejiang Zhongxin Fluoride Materials Co. Ltd.
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.
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| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Base Year | 2022 |
| Forecast Year | 2023-2029 |
| CAGR (2023-2029) | 6.11% |
| Pages | 22 |
| Key Players | China Kings Resources Group Co. Ltd., Fluorsid S.p.A., Grupo Minersa, Inner Mongolia Baotou Steel Union Co. Ltd., Kenya Fluorspar Company, Masan Resources Corporation, Mexichem Fluor S.A. de C.V. (Koura), Mongolrostsvetmet LLC, Sallies Ltd., Seaforth Mineral & Ore Company Inc., Steyuan Mineral Resources Group Ltd., United Company RUSAL, Zhejiang Wuyi Shenlong Flotation Co. Ltd., Zhejiang Zhongxin Fluoride Materials Co. Ltd. |
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