Fluorspar Market to Reach US$1,860.8 Mn by 2025 due to Increasing Mineral Applications Across Numerous Industries - TMR

News provided by

May 07, 2019, 08:00 ET

ALBANY, New York, May 7, 2019 /PRNewswire/ -- The global fluorspar market features a highly fragmented and competitive landscape, Transparency Market Research (TMR) estimates. Mexichem S.A.B. de C.V., Centralfluor Industries Group, Inc., and Zhejiang Wuyi Shenlong Floatation Co Ltd. dominated the global fluorspar market. Some of the prominent players in the global fluorspar market are Kenya Fluorspar Company Ltd. (KFC), MINERSA GROUP, British Fluorspar Ltd, and China Kings Resources Group Co., Ltd.

These players are investing more the research & development (R&D) activities for enhancing its grade, which is leading to increased competition in the market. Additionally, these players are entering into merger & acquisitions for expansion of portfolio and expanding the global presence.

Request a Sample of Global Fluorspar Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1858

TMR's report based on the global fluorspar market estimated to expand at a CAGR of 2.7% by the forecast period from 2017 to 2025. With this steady CAGR, the market is expected to attain a value of US$1,860.8 Mn by 2025 from a value of US$1,505.3 Mn in 2016.

Based on the product, in 2016, the acidspar segment held the lion's share of more than 60% and is estimated to remain dominant in the forecast period. Based on the application, the hydrofluoric acid segment accounted for a 40% share of the demand in the global fluorspar market in 2016. Based on the region, the Asia Pacific accounted for the maximum share in the fluorspar market and is expected to be the dominant region by expanding at a CAGR of 2.9% over the forecast period.

Request For Multiple Chapters: https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=1858

Growing Demand for Hydrofluoric Acid to Prosper Fluorspar Market

The global fluorspar market has gained traction due to a booming automotive sector. Fluorspar has applications across the production of hydrofluoric acid as a key component. The hydrofluoric acid plays a key role in the purification of aluminum. Additionally, growing usage of aluminum across numerous industries such as mechanical and automotive industries is boosting its manufacturing process. This is a key factor driving the growth of the global fluorspar market.

Rising adoption of the automobile and luxurious vehicles globally and mainly across the developing countries due to increasing expenditure power is stimulating growth of the global fluorspar market. Furthermore, rapid industrialization in developing countries is leading to the expansion of the foundries and metal manufacturing. This trend is likely to continue in the coming years due to the rising investment of the companies in the sector. This is likely to encourage consumption of the fluorspars, which in turn, fuel market's growth in the forthcoming years.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=1858

Widening Applications of Fluorspar to Offer Growth Opportunities

Despite the growth inducing factors, the mining and extraction of fluorite, which involves the blasting process and thus, the numerous government and associated bodies, are imposing strict regulations over its production. These factors are restraining growth of the global fluorspar market. Additionally, the fluorine gas extracted during the mining is highly fluorine gas in nature along with the corrosivity of hydrofluoric acid. This nature of chemicals is also limiting its adoption to some extent.

Nonetheless, widening the application of the hydrofluoric acid across numerous other industries such as mining, refining, industrial chemistry, silicon chip manufacturing, and cleaning is boosting its demand and offer opportunities for growth of the market in the coming years. In addition, demand for the fluorspar for manufacturing the opaque glasses is growing substantially since the manufacture and demand for the glassed have surged substantially due to growing constriction activities. The construction activities of hospitals, offices, and business premises have increased substantially, which is demanding for the high-quality opaque glasses and results in high demand for the fluorspar. This is likely to offer lucrative opportunities for growth in the coming years.

Browse Press Release: https://www.transparencymarketresearch.com/pressrelease/fluorspar-market.htm

This information is encompassed in the report by TMR, titled, "Fluorspar Market (Product - Acidspar, Metspar, Ceramic, Optical Grade, and Lapidary Grade; Application - Aluminum Production, Steel Production, Hydrofluoric Acid, Concrete Additives, and Lithium-ion Battery) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025."

For the study, the fluorspar market has been segmented as follows:

Product Type

Acidspar
Metspar
Ceramic Grade
Optical Grade
Lapidary Grade

Application

Aluminum Production
Steel Production
Hydrofluoric Acid
Concrete Additives
Lithium-Ion Battery

Geography

North America

U.S.
Canada

Europe

U.K.
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific

China
Japan
Australia
India
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

South Africa
Saudi Arabia
Rest of Middle East & Africa

Browse Chemicals and Materials Market Research Reports

Popular Research Reports by TMR:

Calcite Market: https://www.transparencymarketresearch.com/calcite-market.html
Inkjet Colorants Market: https://www.transparencymarketresearch.com/inkjet-colorant-market.html
Ceramic Matrix Composites Market: https://www.transparencymarketresearch.com/ceramic-matrix-composites-market.html
Chromium Market: https://www.transparencymarketresearch.com/chromium-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,90 State Street
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.europlat.org/