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Global Fluorspar Market Size, Share, Growth, Forecast: By Product Type: Acidspar, Metaspar; By Application: Aluminium Production, Steel Production, Hydrofluoric Acid Production, Lithium-ion Battery, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Fluorspar Market Size
The global fluorspar market is projected to grow at a CAGR of 5.6% between 2024 and 2032.
Key Takeaways
- There is an increase in the adoption of sustainable mining practices and innovations in recycling fluorspar from industrial waste.
- To reduce reliance on traditional fluorspar-producing regions, notably China, companies are exploring new fluorspar mining projects in other countries.
- Market players are increasingly targeting high-value applications of fluorspar, such as in the manufacture of fluoropolymers and refrigerants.
Fluorspar, variously known as fluorite, is the mineral form of calcium fluoride. It is colourful due to the presence of several impurities and is used to manufacture various products, such as refrigerants, uranium fuel, and steel, among others and it occurs mainly in China and South Africa. It is used in the steel sector to help remove impurities, and in the ceramic sector as a flux to lower the melting point of raw materials.
The extensive use of hydrofluoric acid is aiding the fluorspar market growth, as fluorspar is used in the production of hydrofluoric. Fluorspar is also used in the production of herbicides, refrigerants, plastic, and electrical components, among others. Moreover, hydrofluoric acid is widely used in air conditioning systems and the production of silicon semiconductor chips which contributes to the market share. In addition, the glass sector uses hydrofluoric acid in the manufacturing of glass and its processing, and the dilutive form of fluorspar is used as a commercial automotive cleaner to remove stains and rust which is providing further impetus to the fluorspar market development.
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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Fluorspar Market Analysis
8.1 Key Industry Highlights
8.2 Global Fluorspar Historical Market (2018-2023)
8.3 Global Fluorspar Market Forecast (2024-2032)
8.4 Global Fluorspar Market by Product Type
8.4.1 Acidspar
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Application
8.4.1.3.1 Aluminium Production
8.4.1.3.2 Hydrofluoric Acid Production
8.4.1.3.3 Others
8.4.2 Metaspar
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Application
8.4.2.3.1 Steel Production
8.4.2.3.2 Cement Production
8.4.2.3.3 Ceramic
8.4.2.3.4 Others
8.5 Global Fluorspar Market by Application
8.5.1 Aluminium Production
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Steel Production
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Hydrofluoric Acid Production
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Lithium-ion Battery
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Fluorspar Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Fluorspar Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Fluorspar Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Russia
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Italy
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Spain
10.6.1 Historical Trend (2018-2023)
10.6.2 Forecast Trend (2024-2032)
10.7 Others
11 Asia Pacific Fluorspar Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 South Korea
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Fluorspar Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Fluorspar Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Turkey
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Iran
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Orbia Advance Corporation, S.A.B. de C.V.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Masan Group Corporation
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Fluorsid S.p.A.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Minersa Group
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Kenya Fluorspar Company Ltd.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 China Kings Resources Group Co.,Ltd.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Fluorspar Market: Key Industry Highlights, 2018 and 2032
2. Global Fluorspar Historical Market: Breakup by Product Type (KMT), 2018-2023
3. Global Fluorspar Market Forecast: Breakup by Product Type (KMT), 2024-2032
4. Global Fluorspar Historical Market: Breakup by Application (KMT), 2018-2023
5. Global Fluorspar Market Forecast: Breakup by Application (KMT), 2024-2032
6. Global Fluorspar Historical Market: Breakup by Region (KMT), 2018-2023
7. Global Fluorspar Market Forecast: Breakup by Region (KMT), 2024-2032
8. North America Fluorspar Historical Market: Breakup by Country (KMT), 2018-2023
9. North America Fluorspar Market Forecast: Breakup by Country (KMT), 2024-2032
10. Europe Fluorspar Historical Market: Breakup by Country (KMT), 2018-2023
11. Europe Fluorspar Market Forecast: Breakup by Country (KMT), 2024-2032
12. Asia Pacific Fluorspar Historical Market: Breakup by Country (KMT), 2018-2023
13. Asia Pacific Fluorspar Market Forecast: Breakup by Country (KMT), 2024-2032
14. Latin America Fluorspar Historical Market: Breakup by Country (KMT), 2018-2023
15. Latin America Fluorspar Market Forecast: Breakup by Country (KMT), 2024-2032
16. Middle East and Africa Fluorspar Historical Market: Breakup by Country (KMT), 2018-2023
17. Middle East and Africa Fluorspar Market Forecast: Breakup by Country (KMT), 2024-2032
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. North America Historical Price Trends and Forecast (2018-2032)
23. Europe Historical Price Trends and Forecast (2018-2032)
24. Asia Pacific Historical Price Trends and Forecast (2018-2032)
25. Latin America Historical Price Trends and Forecast (2018-2032)
26. Middle East and Africa Historical Price Trends and Forecast (2018-2032)
27. Global Fluorspar Market Structure
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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