Global Fluorspar Market Outlook to 2027
Fluorspar, also known as fluorite, is a white or colorless mineral with the chemical formula CaF2 that has a cubic structure and occasional fluorescence, often a tint owing to impurities trapped in it.According to BlueQuark Research & Consulting, the global Fluorspar market is expected to witness a significant growth rate during the forecasted period.Fluorspar is an immediate source of Fluorine, and the inclining demand for Fluorspar in the Metallurgy industry for the processes like smelting of iron for producing steel, extraction of Aluminum its use as a flux because it melts quickly is expected to drive the Global Fluorspar market. In addition to this, Fluorspar is used for Hydrofluoric acid production, an essential chemical in the Chemical industry for the production of chemicals such as stain and rust cleaners, Pharmaceuticals, polymers, agrochemicals, and fluorocarbon chemicals, foam blowing agents, refrigerants, is estimated to drive the Global Fluorspar market. Further, the Automobile industry requires Fluorspar to produce Steel and Aluminum used in the construction of exterior and interior components of the vehicles, and the rise in the popularity of Electric vehicles escalated demand for lithium-ion batteries are projected to drive the Global Fluorspar market. However, environmental concerns about fluorocarbons, health hazards of the use of Fluorine compounds, stringent regulations related to mining activities and manufacturing processes of Fluorspar are expected to hinder the future market growth of Fluorspar.
Fluorspar is employed for the production of electrical and electronic devices, petrochemical catalyst, a non-stick cooking surface known as Teflon is made from Fluorine derived from Fluorspar, removal of impurities such as sulphur and phosphorus from metals, lens are manufactured for optical equipment such as microscopes, telescopes, and cameras.
Chemical Industry is the vital consumer of Fluorspar and is expected to drive the market. With continuous Research and Development, investments are made by multiple sectors in chemistry, the involvement of Hydrofluoric acid as a raw material in the manufacturing processes such as glass etching, metal cleaning, and the global market is bound to rise. This is primarily because of the versatility of Fluorspar-derived chemicals are applied for manufacturing products in various other industries such as computer chips and high-octane gasoline, and herbicides, refrigerants, electrical components, high-performance plastics, enamels, and coatings. According toHoneywell International, a Hydrofluoric acid manufacturer based in the USA accounted for an increase of 9% on a reported basis and up 8% on an organic basis in its sales in the third quarter of 2021.Further, with the establishing of Powerplants all around the globe, the demand for Uranium fuel as a highly efficient option for the production of Electricity is gaining pace.
Some of the market’s key players areMongolrostsvetmet LLC,British Fluorspar Ltd.,China Kings Resources Group. Co., Ltd.,Seaforth Mineral & Ore Co., Inc.,Minesra Group,Kenya Fluorspar Company Ltd.,Masan Group,among others.
The Asia Pacific region is poised to be the leader in the production and the subsequent consumption of Fluorspar, with most of the consumption in countries like China and India. The region is swiftly emerging urbanization at its peak, and the government invests a large sum of money in infrastructure opaque glasses produced using Fluorspar find applications in offices, hospitals, and housing. Further, the region’s use of steel in the automotive industry for manufacturing hybrid and electrical automobiles, the need for lithium-ion batteries for energy storage in the medical sector, and Fluorspar-derived chemicals in electrical appliances have climbed the demand for Fluorspar in the region. China is the largest producer and exporter of Fluorspar globally, and rising downstream activities fuel Fluorspar’s use. The Fluorspar Market is bolstered by prime companies like China Kings Resources Group. Co., Ltd., Mongolrostsvetmet LLC, Minesra Group, and big Fluorspar producing plants are present in the region. Factors like these have made Asia-Pacific an essential region for growth in the Fluorspar market.
In December 2021,Commerce Resources Corp.announced a non-brokered private placement consisting of up to 10,700,000 ordinary shares issued on a “flow-through” basis.
In November 2021,Kouralargest producer of Fluorspar in the world, part of the Orbia community of companies, signed a definitive agreement to acquire Silatronix, a specialist in organosilicon (OS) electrolytes, to complement its capabilities in energy storage deployment.
Global Fluorspar report provides deep insight into the Industrial market’s current and future state across various regions. The study comprehensively analyses the Fluorspar market by segmenting based on the form (Dry Powder, Bump, Channel Cake, Others), Grade(Acid Grade, Ceramic Grade, Metallurgical Grade, Optical Grade, Lapidary), End-User Industry(Metallurgy, Chemical Industry, Automotive, Building and Construction, Others ), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
Fluorspar is employed for the production of electrical and electronic devices, petrochemical catalyst, a non-stick cooking surface known as Teflon is made from Fluorine derived from Fluorspar, removal of impurities such as sulphur and phosphorus from metals, lens are manufactured for optical equipment such as microscopes, telescopes, and cameras.
Chemical Industry is the vital consumer of Fluorspar and is expected to drive the market. With continuous Research and Development, investments are made by multiple sectors in chemistry, the involvement of Hydrofluoric acid as a raw material in the manufacturing processes such as glass etching, metal cleaning, and the global market is bound to rise. This is primarily because of the versatility of Fluorspar-derived chemicals are applied for manufacturing products in various other industries such as computer chips and high-octane gasoline, and herbicides, refrigerants, electrical components, high-performance plastics, enamels, and coatings. According toHoneywell International, a Hydrofluoric acid manufacturer based in the USA accounted for an increase of 9% on a reported basis and up 8% on an organic basis in its sales in the third quarter of 2021.Further, with the establishing of Powerplants all around the globe, the demand for Uranium fuel as a highly efficient option for the production of Electricity is gaining pace.
Some of the market’s key players areMongolrostsvetmet LLC,British Fluorspar Ltd.,China Kings Resources Group. Co., Ltd.,Seaforth Mineral & Ore Co., Inc.,Minesra Group,Kenya Fluorspar Company Ltd.,Masan Group,among others.
The Asia Pacific region is poised to be the leader in the production and the subsequent consumption of Fluorspar, with most of the consumption in countries like China and India. The region is swiftly emerging urbanization at its peak, and the government invests a large sum of money in infrastructure opaque glasses produced using Fluorspar find applications in offices, hospitals, and housing. Further, the region’s use of steel in the automotive industry for manufacturing hybrid and electrical automobiles, the need for lithium-ion batteries for energy storage in the medical sector, and Fluorspar-derived chemicals in electrical appliances have climbed the demand for Fluorspar in the region. China is the largest producer and exporter of Fluorspar globally, and rising downstream activities fuel Fluorspar’s use. The Fluorspar Market is bolstered by prime companies like China Kings Resources Group. Co., Ltd., Mongolrostsvetmet LLC, Minesra Group, and big Fluorspar producing plants are present in the region. Factors like these have made Asia-Pacific an essential region for growth in the Fluorspar market.
In December 2021,Commerce Resources Corp.announced a non-brokered private placement consisting of up to 10,700,000 ordinary shares issued on a “flow-through” basis.
In November 2021,Kouralargest producer of Fluorspar in the world, part of the Orbia community of companies, signed a definitive agreement to acquire Silatronix, a specialist in organosilicon (OS) electrolytes, to complement its capabilities in energy storage deployment.
Global Fluorspar report provides deep insight into the Industrial market’s current and future state across various regions. The study comprehensively analyses the Fluorspar market by segmenting based on the form (Dry Powder, Bump, Channel Cake, Others), Grade(Acid Grade, Ceramic Grade, Metallurgical Grade, Optical Grade, Lapidary), End-User Industry(Metallurgy, Chemical Industry, Automotive, Building and Construction, Others ), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
1. Executive Summary
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends &
Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Trade Analysis
3.7 Price Trend Analysis
3.8 Supply Analysis
3.9 Regulatory Policies
3.10 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Form
5.1.1 Dry Powder
5.1.2 Bump
5.1.3 Channel Cake
5.1.4 Others
5.2
By Grade
5.2.1 Acid Grade
5.2.2 Ceramic Grade
5.2.3 Metallurgical Grade
5.2.4 Optical Grade
5.2.5 Lapidary Grade
5.3 By End-User
Industry
5.3.1 Metallurgy
5.3.2 Chemical Industry
5.3.3 Automotive
5.3.4 Building and Construction
5.3.5 Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Spain
6.2.6 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3
Japan
6.3.4
South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5
Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1 Mongolrostsvetmet LLC
7.2 British
Fluorspar Ltd.
7.3 China Kings
Resources Group. Co., Ltd.
7.4 Seaforth
Mineral & Ore Co., Inc.
7.5 Minesra Group
7.6 Kenya Fluorspar Company Ltd.
7.7 Masan Group
7.8 Floursid S.p.a.
7.9 Prima Fluorspar Corporation
7.10 Sinachem Lantian Co., Ltd.
7.11 Canada Fluorspar
7.12 Mexichem S.A.B. de C.V.
7.13 Tertiary Mineral Plc
7.14 Zhejiang Yipeng Chemical Co., Ltd.
7.15 Managem Group
* List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
List of Tables
& Figures
Abbreviations
Additional
Notes
Disclaimer
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends &
Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Trade Analysis
3.7 Price Trend Analysis
3.8 Supply Analysis
3.9 Regulatory Policies
3.10 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Form
5.1.1 Dry Powder
5.1.2 Bump
5.1.3 Channel Cake
5.1.4 Others
5.2
By Grade
5.2.1 Acid Grade
5.2.2 Ceramic Grade
5.2.3 Metallurgical Grade
5.2.4 Optical Grade
5.2.5 Lapidary Grade
5.3 By End-User
Industry
5.3.1 Metallurgy
5.3.2 Chemical Industry
5.3.3 Automotive
5.3.4 Building and Construction
5.3.5 Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Spain
6.2.6 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3
Japan
6.3.4
South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5
Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1 Mongolrostsvetmet LLC
7.2 British
Fluorspar Ltd.
7.3 China Kings
Resources Group. Co., Ltd.
7.4 Seaforth
Mineral & Ore Co., Inc.
7.5 Minesra Group
7.6 Kenya Fluorspar Company Ltd.
7.7 Masan Group
7.8 Floursid S.p.a.
7.9 Prima Fluorspar Corporation
7.10 Sinachem Lantian Co., Ltd.
7.11 Canada Fluorspar
7.12 Mexichem S.A.B. de C.V.
7.13 Tertiary Mineral Plc
7.14 Zhejiang Yipeng Chemical Co., Ltd.
7.15 Managem Group
* List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
List of Tables
& Figures
Abbreviations
Additional
Notes
Disclaimer
LIST OF TABLES
Global Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
North America Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
United States Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Canada Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Mexico Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Europe Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Other Supporting Charts
United Kingdom Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Germany Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Italy Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
France Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Spain Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of Europe Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
South America Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Brazil Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Argentina Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of South America Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Asia-Pacific Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
China Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
India Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Japan Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
South Korea Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
ASEAN Countries Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of Asia-Pacific Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Middle East & Africa Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Saudi Arabia Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
South Africa Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of Middle-East & Africa Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Metallurgy - Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Chemical Industry - Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Automotive - Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Building and Construction - Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Others - Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Global Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
North America Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
United States Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Canada Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Mexico Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Europe Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Other Supporting Charts
United Kingdom Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Germany Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Italy Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
France Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Spain Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of Europe Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
South America Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Brazil Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Argentina Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of South America Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Asia-Pacific Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
China Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
India Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Japan Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
South Korea Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
ASEAN Countries Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of Asia-Pacific Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Middle East & Africa Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Saudi Arabia Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
South Africa Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of Middle-East & Africa Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Metallurgy - Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Chemical Industry - Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Automotive - Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Building and Construction - Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Others - Fluorspar Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
