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Report Overview
The global fluorspar market reached a volume of 7.91 MMT in 2025. The industry is expected to grow at a CAGR of 2.80% during the forecast period of 2026-2035 to reach a volume of 10.43 MMT by 2035.
The fluorspar market is undergoing a transformation, driven by policy support, green chemistry goals, and a renewed demand for critical minerals. Once confined to niche metallurgical processes, fluorspar, especially in its acidspar form, has become integral to new supply chains in lithium-ion batteries, hydrofluoric acid (HF), and semiconductors. China remains the dominant market, producing nearly 60% of the world’s fluorspar in 2023, however, emerging suppliers like Vietnam, Mexico, and South Africa are gaining ground.
Government-backed initiatives are shaping new fluorspars sourcing dynamics. For example, the U.S. Geological Survey added fluorspar to its critical minerals list in 2022, prompting domestic exploration incentives under the Bipartisan Infrastructure Law. Similarly, the European Raw Materials Alliance is pushing strategic autonomy by backing fluorspar recovery from industrial waste streams. In India, the Geological Survey is funding mapping of new fluorspar belts across Gujarat and Rajasthan.
Downstream fluorspar demand is accelerating as well. Japan’s METI has launched trials to recycle synthetic fluorspar from spent fluorochemicals. Meanwhile, AI-integrated beneficiation techniques have given rise to commercial-grade fluorspar from low-grade ores. These developments are reshaping how fluorspar is sourced, refined, and reused.
While traditional segments like steel and aluminium still drive volume, the major opportunity for growth lies in developing novel applications like HF fuel cells, fire-resistant electronics, and closed-loop chemical systems. This shift is prompting fresh investment in traceability technology and ESG-certified sourcing, which is key for B2B buyers prioritising sustainable procurement in sensitive value chains.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
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There is an increase in the adoption of sustainable mining practices and innovations in recycling fluorspar from industrial waste.
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To reduce reliance on traditional fluorspar-producing regions, notably China, companies are exploring new fluorspar mining projects in other countries.
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Market players are increasingly targeting high-value applications of fluorspar, such as in the manufacture of fluoropolymers and refrigerants.
Competitive Landscape
The fluorspar market players are focusing on vertical integration, linking mining with chemical production, and digitising beneficiation to increase output purity. Strategic partnerships with battery, pharma, and defence players are emerging as a new norm.
Fluorspar companies are adopting traceability technology like blockchain-based mineral tracking and low-emission refining techniques to stay ahead in ESG audits. M&A activity is rising in Vietnam, Mexico, and Africa, where small miners are acquiring tech firms to become certified suppliers. Circular recovery, battery-grade demand, beneficiation technology, stockpiling strategies, and specialty applications are reshaping the fluorspar market from commodity-driven to innovation-led with heightened emphasis on traceability and quality control. For B2B buyers, this reshaped landscape offers more stable, ethically sourced options as players meet new quality and traceability thresholds.
Orbia Advance Corporation
Orbia Advance Corporation, established in 1953 and headquartered in Mexico City, operates fluorspar mining through its Koura division. It supplies acidspar globally for HF, batteries, and refrigerants. The firm is integrating carbon tracking into its supply chains and has opened a UK innovation hub to develop fluorinated materials for semiconductors and fire-safe polymers.
Masan Group Corporation
Masan Group Corporation, founded in 1996 and based in Ho Chi Minh City, Vietnam, owns the Nui Phao mine, one of the world’s largest acidspar deposits. Masan has pioneered AI-enabled beneficiation and ESG-linked financing, supplying high-purity fluorspar to Europe and Japan.
Fluorsid S.p.A.
Fluorsid S.p.A., founded in 1969 in Cagliari, Italy, has emerged as a key acidspar refiner and downstream producer. With a presence in Norway and Switzerland, it focuses on low-emission refining and supplies fluorochemicals for EV batteries and optics. Fluorsid also runs traceability pilots under EU Circular Minerals Initiative.
Kenya Fluorspar Company Ltd
Established in 1971 and headquartered in Kimwarer, Kenya Fluorspar Company Ltd was a major acidspar producer until operations halted in 2016. In 2024, a UK-backed consortium announced a USD 35 million plan to restart mining, aiming to revitalise Kenya’s role in the global fluorspar supply chain.
Other key players in the market are S.A.B. de C.V., Minersa Group, and China Kings Resources Group Co. Ltd., among others.
Fluorspar Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 2.80% between 2026 and 2035.
Key strategies driving the market include investing in beneficiation automation, securing long-term acidspar contracts, diversifying regional sourcing, adopting traceability tools, and aligning with green mandates.
The key trends guiding the market growth include the rising popularity of electric vehicles, the increasing number of off-grid installations and power plants, and the introduction of various favourable government initiatives to increase the production of steel.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major product types of fluorspar in the market are acidspar and metaspar.
The significant applications of the product are aluminium production, steel production, hydrofluoric acid production, and lithium-ion battery, among others.
The major players in the market are Orbia Advance Corporation, S.A.B. de C.V., Masan Group Corporation, Fluorsid S.p.A., Minersa Group, Kenya Fluorspar Company Ltd., and China Kings Resources Group Co. Ltd., among others.
In 2025, the fluorspar market reached an approximate volume of 7.91 MMT.
The key challenges are supply chain volatility, lack of high-grade deposits outside China, and regulatory hurdles in waste recycling.
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