The latest research report from Market Research Future (MRFR) profiles the global Fluorspar Industry in great detail and provides readers with a comprehensive overview of the market. The market’s historical growth trajectory, present conditions, and future growth prospects are studied in the report. The report provides a comprehensive overview of the market’s historical growth trajectory by detailing the historical stats regarding the market. Future projections are based on the detailed historical stats offered in the report. Based on this platform, future projections for the fluorspar market’s growth trajectory over the forecast period are provided in the report. The report also profiles the leading players in the global fluorspar market and gives readers a comprehensive analysis of the leading players in the global fluorspar market. The report also profiles the major drivers and restraints affecting the global fluorspar market. The factors making the market tick and those holding the market back are studied in detail in the report. The impact of the COVID-19 pandemic on the fluorspar market is also assessed in the report.

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Fluorspar is the commercial name for fluorite minerals. It is composed of calcium fluoride (CaF2) and contains 48.9% fluorine. It is found in the form of cubic, isometric crystals with a glassy luster. It is colorless and translucent, however impurities may change the color of fluorspar to yellow, blue, green, and others. Fluorspar is categorized by purity into acid spar, ceramic spar, met spar, and others. Acid spar has the highest purity of all purity grades of fluorspar and contains more than 97% calcium fluoride. Ceramic spar contains 85%-97% calcium fluoride, while the composition of met spar contains 60%-85% calcium fluoride. Met spar is used in metallurgical applications such as removing impurities such as sulfur and phosphorus from molten metals. On the other hand, acid spar is used to produce hydrogen fluoride, hydrofluoric acid, and synthetic creolite, which is an essential raw material in the manufacturing of aluminum metal. Acid spar serves as a key raw material in the production of fluorocarbons, which are widely used as refrigerants.

The growing demand for steel and aluminum from the construction and automotive industries is likely to be a major driver for the global fluorspar market over the forecast period. However, environmental hazards associated with fluorocarbons, which are associated with the depletion of the ozone layer, are likely to restrict demand from the global fluorspar market. The growing demand for lithium-ion batteries is also likely to be a major driver for the global fluorspar market.

Competitive Leaderboard:

Leading players in the global fluorspar market include Mongolrostsvetmet LLC, China Kings Resources Group Co. Ltd., British Fluorspar Ltd., Seaforth Mineral Ore Co. Inc., Minersa Group, Kenya Fluorspar Company Ltd., Centralfluor Industries Group Inc., Zhejiang Wuyi Shenlong Floatation Co. Ltd., Masan Group, Mexichem SAB de CV, and Tertiary Minerals plc.

Segmentation:

The global fluorspar market is segmented by form, purity and its application, end-use industry, and region.

On the basis of the form, the global fluorspar market is segmented into a dry powder, lump form, filter cake, and others.

On the basis of the purity, the global fluorspar market is segmented into acid spar, ceramic spar, met spar, and others. Acid spar is sub-segmented based on application into hydrofluoric acid (HF), aluminum fluoride, synthetic cryolite, welding rods, and others. Hydrofluoric acid is further segmented based on application into fluorocarbons (refrigerant, foam blowing agent), petroleum alkylation, toothpaste, etchant for semiconductors, steel pickling, Li-ion batteries, and others. Ceramic spar is sub-segmented based on application into glass, ceramics, enamelware, and others. Met spar is sub-segmented based on application into metal (steel, iron, and others), cement, fluorite carved craftworks, and others.

On the basis of the end-user industry, the global fluorspar market is segmented into metallurgy, chemical, ceramic, optical, electrical electronics, personal care, lapidary, and others.

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Regional Analysis:

Asia Pacific is the largest regional market for fluorspar and is likely to exhibit the fastest growth over the forecast period due to the growing metallurgy and chemicals industries in the region.

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