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Global Fluorspar Market Share, Size, Growth, Analysis, Forecast: By Product Type: Acidspar, Metaspar; By Application: Aluminium Production, Steel Production, Hydrofluoric Acid Production, Lithium-ion Battery, Others; Regional Analysis; Market Dynamics; Trade Data Analysis; Competitive Landscape; Industry Events and Developments; 2018-2028
Global Fluorspar Market Outlook
The global fluorspar market is expected to grow in the forecast period of 2023-2028 at a CAGR of 5.6%.
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Extensive Use of Hydrofluoric Acid Boosting the Growth of the Fluorspar Industry
The extensive use of hydrofluoric acid is aiding the market growth. As fluorspar is used in the production of hydrofluoric, the market is increasing rapidly. It is used in the production of herbicides, refrigerants, plastic, and electrical components, among others. Moreover, hydrofluoric acid is widely used in air conditioning systems. This is also aiding the market growth. The use of hydrofluoric acid in the production of silicon semiconductor chips is augmenting the industry growth. This is due to the rising demand for smartphones and consumer electronics. In addition, the glass industry uses hydrofluoric acid in the manufacturing of glass and its processing. The dilutive form of fluorspar is also used as commercial automotive cleaners to remove stains and rusts. This is providing further impetus to the growth of the fluorspar industry. As fluorspar is extensively used in the fluorochemical industry, its demand is rapidly increasing, which is accelerating the market growth.
Fluorspar: Market Segmentation
Fluorspar, variously known as fluorite, is the mineral form of calcium fluoride. It is colourful due to the presence of several impurities. It is used in the manufacturing of various products, such as refrigerants, uranium fuel, and steel, among others. It occurs mainly in China and South Africa.
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The major product types of fluorspar are:
- Acidspar
- Metaspar
The market can be broadly categorised on the basis of its applications into:
- Aluminium Production
- Steel Production
- Hydrofluoric Acid Production
- Lithium-ion Battery
- Others
The EMR report looks into the regional markets of fluorspar like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Use of Fluorspar in the Production of Steel and Lithium-Ion Batteries to Bolster the Market Growth for Fluorspar
The market growth for fluorspar can be attributed to its extensive use in the production of aluminium, steel, and lithium-ion battery. The rising popularity of electric vehicles is increasing the demand for lithium-ion batteries, hence propelling the market growth for fluorspar. Moreover, the increasing number of off-grid installations and power plants is expanding the use of lithium-ion batteries, further augmenting the market growth. The surging demand for power backup in the medical industry is also increasing the use of the lithium-ion battery, consequently catalysing the growth of the fluorspar industry. The wide use of lithium-ion batteries in various consumer electronics owing to the rising demand for superior electronic devices is providing further impetus to the growth of the fluorspar industry.
As the primary application of metspar is attributed to its use as flux in steelmaking, its demand is rapidly increasing. It is also used in iron smelting, which is extensively used in the steel industry. Hence, the rising demand for steel in major industries, such as automotive, construction, and oil and gas, among others, is expected to fuel the market growth. Moreover, the introduction of various favourable government initiatives to increase the production of steel is augmenting the industry growth. For instance, the Indian government allocated USD 5.4 million to the Ministry of Steel in 2020-21 to aid the domestic production in the country. In addition, the rising demand for steel in the infrastructure industry for low-maintenance and cost-effective construction is increasing the use of fluorspar, hence invigorating the market growth.
Key Industry Players in the Global Fluorspar Market
The report presents a detailed analysis of the following key players in the global fluorspar market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Orbia Advance Corporation, S.A.B. de C.V.
- Masan Group Corporation
- Fluorsid S.p.A.
- Minersa Group
- Kenya Fluorspar Company Ltd.
- China Kings Resources Group Co.,Ltd.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Application, Region |
| Breakup by Product Type | Acidspar, Metaspar |
| Breakup by Application | Aluminium Production, Steel Production, Hydrofluoric Acid Production, Lithium-ion Battery, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Orbia Advance Corporation, S.A.B. de C.V., Masan Group Corporation, Fluorsid S.p.A., Minersa Group, Kenya Fluorspar Company Ltd., China Kings Resources Group Co.,Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Fluorspar Market Analysis
8.1 Key Industry Highlights
8.2 Global Fluorspar Historical Market (2018-2022)
8.3 Global Fluorspar Market Forecast (2023-2028)
8.4 Global Fluorspar Market by Product Type
8.4.1 Acidspar
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.1.4 Breakup by Application
8.4.1.4.1 Aluminium Production
8.4.1.4.2 Hydrofluoric Acid Production
8.4.1.4.3 Others
8.4.2 Metaspar
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.2.4 Breakup by Application
8.4.2.4.1 Steel Production
8.4.2.4.2 Cement Production
8.4.2.4.3 Ceramic
8.4.2.4.4 Others
8.5 Global Fluorspar Market by Application
8.5.1 Aluminium Production
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Steel Production
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Hydrofluoric Acid Production
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Lithium-ion Battery
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Fluorspar Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Fluorspar Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Fluorspar Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Russia
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Italy
10.5.1 Market Share
10.5.2 Historical Trend (2018-2022)
10.5.3 Forecast Trend (2023-2028)
10.6 Spain
10.6.1 Market Share
10.6.2 Historical Trend (2018-2022)
10.6.3 Forecast Trend (2023-2028)
10.7 Others
11 Asia Pacific Fluorspar Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 South Korea
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Fluorspar Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Fluorspar Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Turkey
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Iran
13.5.1 Market Share
13.5.2 Historical Trend (2018-2022)
13.5.3 Forecast Trend (2023-2028)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Orbia Advance Corporation, S.A.B. de C.V.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Masan Group Corporation
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Fluorsid S.p.A.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Minersa Group
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Kenya Fluorspar Company Ltd.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 China Kings Resources Group Co.,Ltd.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Fluorspar Market: Key Industry Highlights, 2017 and 2027
2. Global Fluorspar Historical Market: Breakup by Product Type (KMT), 2018-2022
3. Global Fluorspar Market Forecast: Breakup by Product Type (KMT), 2023-2028
4. Global Fluorspar Historical Market: Breakup by Application (KMT), 2018-2022
5. Global Fluorspar Market Forecast: Breakup by Application (KMT), 2023-2028
6. Global Fluorspar Historical Market: Breakup by Region (KMT), 2018-2022
7. Global Fluorspar Market Forecast: Breakup by Region (KMT), 2023-2028
8. North America Fluorspar Historical Market: Breakup by Country (KMT), 2018-2022
9. North America Fluorspar Market Forecast: Breakup by Country (KMT), 2023-2028
10. Europe Fluorspar Historical Market: Breakup by Country (KMT), 2018-2022
11. Europe Fluorspar Market Forecast: Breakup by Country (KMT), 2023-2028
12. Asia Pacific Fluorspar Historical Market: Breakup by Country (KMT), 2018-2022
13. Asia Pacific Fluorspar Market Forecast: Breakup by Country (KMT), 2023-2028
14. Latin America Fluorspar Historical Market: Breakup by Country (KMT), 2018-2022
15. Latin America Fluorspar Market Forecast: Breakup by Country (KMT), 2023-2028
16. Middle East and Africa Fluorspar Historical Market: Breakup by Country (KMT), 2018-2022
17. Middle East and Africa Fluorspar Market Forecast: Breakup by Country (KMT), 2023-2028
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. North America Historical Price Trends and Forecast (2018-2028)
23. Europe Historical Price Trends and Forecast (2018-2028)
24. Asia Pacific Historical Price Trends and Forecast (2018-2028)
25. Latin America Historical Price Trends and Forecast (2018-2028)
26. Middle East and Africa Historical Price Trends and Forecast (2018-2028)
27. Global Fluorspar Market Structure
Key Questions Answered in the Report
The global fluorspar market is projected to grow at a CAGR of 5.6% between 2022 and 2027.
The industry is being driven by the extensive use of fluorspar in the manufacturing of hydrofluoric acid and aluminium.
The market is expected to be aided by the rising demand for steel, the growing use of lithium-ion batteries, and the surging applications of metspar in various industries.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major product types of fluorspar in the industry are acidspar and metaspar.
The significant applications in the market are aluminium production, steel production, hydrofluoric acid production, and lithium-ion battery, among others.
The key players in the industry are Orbia Advance Corporation, S.A.B. de C.V., Masan Group Corporation, Fluorsid S.p.A., Minersa Group, Kenya Fluorspar Company Ltd., and China Kings Resources Group Co.,Ltd., among others.
Analyst Review
The global fluorspar market is driven by the rising use of hydrofluoric acid. Aided by the growing demand for steel and lithium-ion, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5.6%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product types, the fluorspar industry can be segmented into acidspar, and metaspar. On the basis of applications, the industry is divided into aluminium production, steel production, hydrofluoric acid production, and lithium-ion battery, among others. The major regional markets for fluorspar are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Orbia Advance Corporation, S.A.B. de C.V., Masan Group Corporation, Fluorsid S.p.A., Minersa Group, Kenya Fluorspar Company Ltd., and China Kings Resources Group Co., Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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