A11948 | Pages: NA | Jul 2022 | 789 Views | | |
Author(s) : Eswara Prasad | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
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Fluorspar is the commercial name of Fluorite. Fluorite is a mineral and is composed of calcium and fluoride (caf2) which contains 51.1% of calcium and 48.9% of fluorine. Impurities of fluorite changes from color of the fluorspar such as purple, green, blue, yellow and others. Fluorspar are of type Met spar and acid spar. Met spar is used in the manufacturing of cement and fluorite craved craftwork is produced. Acid spar is used in manufacturing hydrofluoric acid. The demand for aluminum and steel construction industry is growing and it increases the demand for fluorspar market. Fluorspar is also used to manufacture products like gasoline, refrigerants, aluminum, steel, insulating foams and uranium fuel.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years | 2020-2030 |
Base Year Considered | 2020 |
Forecast Period | 2021-2030 |
Forecast Unit | Value (USD) |
Segments Covered | Product Type, Application and Region |
Regions Covered | Europe, North America, Asia-Pacific, LAMEA. |
Companies covered | RUSAL, Mexichem S.A.B. de C.V, MINERSA GROUP, Zhejiang YiPeng Chemical Co.Ltd., British Fluorspar Ltd., Groupe Managem, Canada Fluorspar Inc., Kenya Fluorspar Company Ltd., Steyuan Mineral Resources Group Ltd., Seaforth Mineral & Ore Co., Sallies Ltd., Centralfluor Industries Group Inc., China Kings Resources Group |
COVID-19 Impact analysis
Top Impacting Factors
The rising demand for hydrofluoric acid will increase the demand for fluorspar and will boost the growth of fluorspar market. The mining of fluorite is done by blasting process, which poses a risk to the environment and this can restrain the growth of fluorspar market. Increasing use of fluoropolymers in lithium batteries can create an opportunity for fluorspar market. Fluorspar is used in the infrastructure industry to produce opaque glasses which are used in housing, hospitals and offices. The demand for these glasses is increasing in the infrastructure industry, which will boost the growth of fluorspar market. The fluorspar is also used in the production of fluorocarbons, this fluorocarbon is used in downstream activities. The downstream activities are increasing in the countries such as Mexico and China and can increase the demand for fluorspar market. However, because of fluorocarbons the environmental risk is increasing, as it can deplete the ozone layer and thus this can restrain the growth of fluorspar market.
Market Trends
Key Segments Covered
By Product Type
By Application
By Region
Key Benefits of the Report
Questions answered in the fluorspar market Report
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