Fluorspar is the commercial name of mineral fluorites. Fluorite minerals are composed of calcium fluoride (CaF2) containing 51.1% calcium and 48.9% fluorine. They are also found in the fractures and cavities of some limestone and dolomites. It occurs as cubic, isometric crystals having cleavable mass with colorless and translucent with a glassy luster. Impurities change the color of the fluorspar to purple, blue, green, yellow, or others.
Global Key Players and Competition Analysis
Some of the major players operating in the global fluorspar market are Tertiary Minerals Plc (UK), Mexichem S.A.B. de C.V (Mexico), Masan Group (Vietnam), ZHEJIANG WUYI SHENLONG FLOATATION CO LTD. (China), Centralfluor Industries Group, Inc. (China), Kenya Fluorspar Company Ltd. (Kenya), MINERSA GROUP (Spain), Seaforth Mineral & Ore Co., Inc (U.S.), British Fluorspar Ltd (UK), China Kings Resources Group Co., Ltd. (China), and Mongolrostsvetmet LLC (Mongolia).
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Segmentation Analysis
The global fluorspar market is segmented by form, purity & its application, end-use industry, and region. Based on the form, the global fluorspar market is segmented into a dry powder, lump form, filter cake, and others. Based on the purity, the global fluorspar market is segmented into acid spar, ceramic spar, met spar, and others. Based on the end-user industry, the global fluorspar market is segmented into metallurgy, chemical, ceramic, optical, electrical & electronics, personal care, lapidary, and others. Based on the region, the global fluorspar market is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Regional Analysis
The global Fluorspar Market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. North America is expected to be one of the major consumers of fluorspar due to growing demand from major end-use industries such as chemical and metallurgy. Growing construction & renovation activities are attributed to the growth of the metallurgical industry.
Market Scope
Growing demand for steel and aluminum from the construction industry is expected to be the key driver in the growth of the global fluorspar market over the forecast period. Growing popularity of lithium-ion batteries over conventional batteries is also expected to drive the fluorspar market over the forecast period majorly. Furthermore, growing optics, ceramics, and personal care industry in emerging economies on account of rising disposable income and changing lifestyle are further augmenting the fluorspar market over the forecast period.
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Industry News:
May 2018 Market Research Future Published a Half Cooked Research Report on Global Fluorspar Research Report.
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