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Fluorspar Market Analysis:
The global fluorspar market is poised to have an astronomical growth during the forecast period (2018-2023). There are numerous factors that is driving the growth of the fluorspar market. These factors according to MRFR (Market Research Future) report include increasing demand from various end-user industries, increasing production of steel and aluminum, increasing use in refrigeration, rising disposable income and growing popularity of lithium-ion batteries.
Fluorspar or fluorite simply put, is a mineral which contains calcium fluoride, that is calcium and fluorine. This is a common mineral often found together with metallic minerals. Fluorspar is also a common mineral present in granite along with other igneous rocks. It is used in various ceramic, chemical and metallurgical processes and at times cut into gems that is utilized in ornamental objects.
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Fluorspar is available in an array of colors, thus dubbed as an extremely colorful mineral. Some of its common colors include yellow, green, blue, purple or colorless and the less common include black, brown, white, red, pink and almost every color in between. Its color is determined by a couple of factors such as exposure to radiation, impurities and also size of color centers.
Fluorspar has multiple uses such as in the glass industry, welding rod, ceramic, fiberglass, as a blending along with dolomite and burned lime in the steel industry and also in packaging including bulk bags, multiply paper bags, drums, pails and jars.
Leading Players:
Leading players profiled in the fluorspar market include Mongolrostsvetmet LLC (Mongolia), China Kings Resources Group Co., Ltd. (China), British Fluorspar Ltd (UK), Seaforth Mineral & Ore Co., Inc (U.S.), MINERSA GROUP (Spain), Kenya Fluorspar Company Ltd. (Kenya), Centralfluor Industries Group, Inc. (China), ZHEJIANG WUYI SHENLONG FLOATATION CO LTD. (China), Masan Group (Vietnam), Mexichem S.A.B. de C.V (Mexico), and Tertiary Minerals Plc (UK).
Global Fluorspar Market Segmentation:
MRFR report offers a complete segmental analysis of the fluorspar market on the basis of application, purity and form.
On the basis of the form, the global fluorspar market is segmented into a dry powder, lump, 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.
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.
Regional Analysis:
By region, the fluorspar market covers growth opportunities and latest trends across Asia Pacific, North America, Europe, Latin America and Middle East and Africa.
Of these, the fluorspar market in the APAC region will be the largest and also grow at the fastest pace owing to increasing demand for various forms of fluorspar from different end-use industries, changing lifestyle, rising disposable income, growing automotive industry, urbanization and rapid industrialization.
In Latin America, the fluorspar market is likely to generate revenue from fluorspar export to Europe and North America.
In North America, the fluorspar market is predicted to be a key consumer owing to increasing need from the key end-use industries especially metallurgy and chemical. Increasing renovation and construction are attributed to the metallurgy industry growth. The fluorspar market in Europe is predicted to have steady growth.
In the Middle East and Africa, the fluorspar market is anticipated to have rising demand from construction and chemical industries.
Industry Related News:
March 2019- Using fluorite as an example, researchers at HIF (Helmholtz Institute Freiberg for Resource Technology) have shown how the use of water can be optimized. This will indicate the times when it is time to recycle the water devoid of incurring losses at the time of ore enrichment. Along with proving beneficial for the environment it will also help in efficient extraction of raw materials.
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