Fluorspar Market Research ReportGlobal Forecast to 2023
Fluorspar Market Report: Key Player Some of the key players in the global fluorspar market are Tertiary Minerals Plc (UK), Mexichem S.A.B. de C.V (Mexico), Masan Group (Vietnam), ZHEJIANG WUYI SHENLONG FLOATATION CO LTD. (China), Centralfluor Industries Group, Inc. (China), Kenya Fluorspar Company Ltd. (Kenya), MINERSA GROUP (Spain), Seaforth Mineral & Ore Co., Inc (U.S.), British Fluorspar Ltd (UK), China Kings Resources Group Co., Ltd. (China), and Mongolrostsvetmet LLC (Mongolia). Fluorspar Market Report: Information 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.
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. Metspar is further used as a catalyst in cement manufacturing and for producing fluorite carved craftworks. Acid spar is chemical grade fluorspar, extensively used in the manufacture of hydrogen fluoride & synthetic cryolite, which is fundamental raw material used in the manufacturing of aluminum metal. Fluorspar Market Report: Regional 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.
Fluorspar Market Report: Segments The global fluorspar market is segmented by form, purity & its application, end-use industry, and region. On the basis of the form, the global fluorspar market is segmented into a dry powder, lump form, filter cake, and others. 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. 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. On the basis of the region, the global fluorspar market is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.