Fluorapatite Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1440
Global Fluorapatite Market size will flourish on the account of high demand for fertilizers and pharmaceuticals, where its derivatives find popular applications as raw materials. The product usage for dentistry applications will also augment the steady growth of the global fluorapatite market.
The product is a hard crystalline phosphate mineral that mainly occurs as an accessory mineral in calcium rich metamorphic rocks and igneous rocks. It is also found extensively in phosphorite ore deposits and in sedimentary rocks. It is synthesized by combining calcium and phosphate salts to generate calcium phosphate which is then further reacted with fluoride sources to obtain the mineral. Fluorapatite market will grow owing to the products use in the synthesis of hydrogen fluoride and phosphoric acid. Hydrogen fluoride is a source in the manufacturing of hydrofluoric acid which is used as a starting agent in producing many industrial and pharmaceutical fluorine compounds. Due to high demand for pharmaceutical products in the global healthcare industry, the fluorapatite market is expected to grow during the forecast period.
Increasing concern for global food security and high population growth, chiefly in developing economies of Asia Pacific, has driven the demand for fertilizers. The fluorapatite market will be boosted owing to its extensive use as the main source of phosphate fertilizers. The mineral is also used to produce acids and chemicals and the growth in industrial chemicals industry will positively influence the fluorapatite market in the coming years.
Fluoride inhibits the development of cavities in teeth and helps prevent tooth decay and its use in dentistry is expected to boost the global fluorapatite market. Increasing numbers of dentists in the world will have a significant impact on the industry growth. According to the American Dental Association, the U.S. recorded over 195 thousand dentists in 2016 and the number is rising every year owing to growing awareness about dental care among the population.
Fluorapatite market will face tough competition in the electronics sector where it is used in fluorescent tubes. The growing popularity of LED bulbs due to its longer life and lower power consumption is fast replacing fluorescent tubes.
Fluorapatite market growth will be defined by various product applications in dentistry, fluorescent tubes, synthesis of hydrogen fluoride & phosphoric acid and other applications. Dentistry applications segment has a significant market share and this is expected to grow at a steady rate in the coming years. The product application in hydrogen fluoride synthesis will grow at a healthy rate due to the use of hydrogen fluoride in producing hydrofluoric acid for the pharmaceutical industry. Fluorapatite market for phosphoric acid synthesis will also increase during the forecast timeframe owing to the various uses of the acid in fertilizer production. Fluorapatite market share of fluorescent tubes application segment will likely grow at a slow pace due to increased competition from LED bulbs. Other applications of the product include its use in orthopedics and as a gemstone for ornamental purposes.
North America is a significant producer of the mineral and has a substantial demand for the product due to a matured pharmaceuticals and chemicals manufacturing industry in the region. Europe also produces a significant amount of the product, mainly in Russia, Germany, and Portugal. Fluorapatite market in this region is driven by growing need for the product in the healthcare industry. Asia Pacific fluorapatite market has a significant growth potential during the forecast period owing to the increasing demand for fertilizers in agro-based and high population driven economies, such as China and India. Increasing number of industrial chemical manufacturers in this region is likely to further augment the fluorapatite market. Latin America also produces a fair amount of the product and the demand in this region is boosted by a growing healthcare industry. Egypt, Syria, Jordan and Tunisia are important producers of the mineral in Middle East and Africa and the fluorapatite market in this region will likely grow at a steady pace during the forecast timeframe.
Key manufacturers in fluorapatite market are Dakota Matrix, GB Minerals Ltd., Crystal Classics Ltd. and ICL. The mineral is derived from many mines across the globe such as Sauberg mines in Germany, Untersulzbachtal mines in Austria, Panasqueira mines in Portugal, Morro Velho gold mines in Brazil, Siglo Veinte mines in Bolivia, Cerro de Mercado mines in Mexico, Pulsifer quarry in USA, Park mines and Haycock mines in Canada, Jacupiranga mine in Sao Paulo and Kola province in Russia.
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