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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Fluorspar Market Share
Acidspar accounts for a major fluorspar market share due to its high usage in the chemical sector
Acidspar is the highest grade of fluorspar and contains at least 97% calcium fluoride. It is the most sought-after type of fluorspar in the market due to its high purity level and is primarily used in the chemical sector to produce hydrofluoric acid (HF), which is a precursor to almost all fluorine compounds, including refrigerants, polymers (like PTFE, Teflon), and a wide range of industrial and pharmaceutical chemicals. The demand for acidspar is driven by its essential role in these high-value applications, making it hold the highest share in the fluorspar market.
Metspar, or metallurgical spar, contains a lower concentration of calcium fluoride, typically between 60% and 85%. Although it is of a lower grade compared to acidspar, metspar is crucial in the steel-making process as a flux to remove impurities and it helps in the production of cleaner, stronger steel and is also used in the manufacture of aluminium.
Fluorspar Market Report Snapshots
Fluorspar Market Regional Analysis
*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 global fluorspar market is projected to grow at a CAGR of 5.6% between 2024 and 2032.
The major market drivers include the extensive use of fluorspar in the manufacturing of hydrofluoric acid and aluminium and the increasing production of silicon semiconductor chips.
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.
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Australia
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India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124