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Global Fluorspar Market: By Product Type: Acidspar, Metaspar, Ceramic, Optical Grade, Lapidary Grade, Others; By Application: Aluminium Production, Steel Production, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Trade Data Analysis; Competitive Landscape; Industry Events and Developments
Global Fluorspar Market Outlook
The global fluorspar market is expected to grow in the forecast period of 2022-2027 at a CAGR of 4%.
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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
- Ceramic
- Optical Grade
- Lapidary Grade
- Others
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:
- Mexichem S.A.B. De C.V
- Masan Group
- 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 | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| 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, Ceramic, Optical Grade, Lapidary Grade, Others |
| 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- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Mexichem S.A.B. De C.V., Masan Group, 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. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Industry Opportunities and Challenges
8 Global Fluorspar Market Analysis
8.1 Key Industry Highlights
8.2 Global Fluorspar Historical Market (2017-2021)
8.3 Global Fluorspar Market Forecast (2022-2027)
8.4 Global Fluorspar Market by Product Type
8.4.1 Acidspar
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Metaspar
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Ceramic
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Optical Grade
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Lapidary Grade
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-2027)
8.4.6 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 (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Steel Production
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Hydrofluoric Acid Production
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Lithium-ion Battery
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Others
8.6 Global Fluorspar Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
13.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Mexichem S.A.B. De C.V.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Masan Group
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Fluorsid S.p.a.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Minersa Group
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Kenya Fluorspar Company Ltd.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 China Kings Resources Group Co.,Ltd.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Industry Events and Developments
List of Key Figures and Tables
1. Global Fluorspar Market: Key Industry Highlights, 2016 and 2026
2. Global Fluorspar Historical Market: Breakup by Product Type (USD Million), 2017-2021
3. Global Fluorspar Market Forecast: Breakup by Product Type (USD Million), 2022-2027
4. Global Fluorspar Historical Market: Breakup by Application (USD Million), 2017-2021
5. Global Fluorspar Market Forecast: Breakup by Application (USD Million), 2022-2027
6. Global Fluorspar Historical Market: Breakup by Region (USD Million), 2017-2021
7. Global Fluorspar Market Forecast: Breakup by Region (USD Million), 2022-2027
8. North America Fluorspar Historical Market: Breakup by Country (USD Million), 2017-2021
9. North America Fluorspar Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Europe Fluorspar Historical Market: Breakup by Country (USD Million), 2017-2021
11. Europe Fluorspar Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Asia Pacific Fluorspar Historical Market: Breakup by Country (USD Million), 2017-2021
13. Asia Pacific Fluorspar Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Latin America Fluorspar Historical Market: Breakup by Country (USD Million), 2017-2021
15. Latin America Fluorspar Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Middle East and Africa Fluorspar Historical Market: Breakup by Country (USD Million), 2017-2021
17. Middle East and Africa Fluorspar Market Forecast: Breakup by Country (USD Million), 2022-2027
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 (2017-2027)
23. Europe Historical Price Trends and Forecast (2017-2027)
24. Asia Pacific Historical Price Trends and Forecast (2017-2027)
25. Latin America Historical Price Trends and Forecast (2017-2027)
26. Middle East and Africa Historical Price Trends and Forecast (2017-2027)
27. Global Fluorspar Market Structure
Key Questions Answered in the Report
The global fluorspar market is projected to grow at a CAGR of 4% between 2021 and 2026.
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, metaspar, ceramic, optical grade, and lapidary grade, among others.
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 Mexichem S.A.B. De C.V, Masan Group, 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 2022-2027, growing at a CAGR of 4%.
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, metaspar, ceramic, optical grade, and lapidary grade, among others. 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 Mexichem S.A.B. De C.V, Masan Group, 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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