Fluorspar Market Size & Share 2017 - 2024

Market Size by Product (Acidspar, Metaspar, Ceramic), by Application (Aluminum, Steel, Hydrofluoric Acid), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, & Forecast.

Report ID: GMI2397

Published Date: January 2018

Report Format: PDF

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Fluorspar Market Size

Fluorspar Market Size was estimated over USD 2 billion in 2016 and will exhibit growth by a CAGR of over 4% up to 2024.

Fluorspar Market

The global fluorspar market will witness steady gains during the forecast period owing to the products usage as a raw material in the production of hydrofluoric acid, which is a precursor to almost all fluorine compounds. Fluorspar usage in the production of steel and aluminum will also be a major factor behind its market growth. The product, also commonly known as fluorite, is the mineral form of calcium fluoride. Rising fluorochemicals demand from a range of end-user industries along with increasing production of aluminum and steel will propel the global fluorspar market growth during the forecast period.

The majority of the hydrofluoric acid is produced by treatment of fluorspar with concentrated sulfuric acid. Hydrofluoric acid has a wide range of applications such as in mining, industrial chemistry, refining, silicon chip manufacturing, cleaning, glass finishing, etc. Hydrofluoric acid is used as a catalyst in oil refining process. It is also used in the production of organofluorine compounds as well as other fluorine-based chemicals. These fluorine compounds are extensively used as refrigerants and in air conditioning. These factors will boost hydrofluoric acid demand in the coming years which will in turn propel the fluorspar market growth in the forecast period.

The environmental concerns related to fluorite mining, which is mostly carried out using the blasting process, may hinder the fluorspar market growth during the forecast period. Air and ground vibrations from the blasting process is an undesirable phenomenon and other mining methods were introduced to reduce the instances of blasting during fluorspar mining. Other factors that may hinder the industry growth are the poisonous nature of fluorine gas and high corrosivity of hydrofluoric acid.

Fluorspar Market Analysis

The fluorspar market, according to product, has been segmented into acidspar, metaspar, ceramic grade, and others such as natural fluorspar, crystals, etc. Acidspar contains over 97% calcium fluoride and is mainly used in the production oh hydrofluoric acid which is then used to manufacture a variety of products including foam blowing agents, fluorocarbon chemicals, refrigerants, fluoride chemicals, etc. This is the largest product segment which is likely to grow with a CAGR above 4.5% during the forecast timeframe.

Ceramic product segment in fluorspar market valued more than USD 10 million in 2016. The ceramic grade contains 85% to 96% calcium fluoride and is mostly used in the production of ceramics, specialty glass, and enamelware. The product is employed to make surface treatments and glazes to obtain opalescent and hard glossy surfaces along with other appearances that make glass objects more durable and attractive.

Based on application, the global fluorspar market is segmented into aluminum production, steel production, hydrofluoric acid production and other minor applications such as ornamental & lapidary, optics, etc. Hydrofluoric acid production accounted for the majority of the fluorspar market share in 2016 and will hold sway during the forecast timeframe. This segment will grow by a CAGR exceeding 4% during the forecast period.

Aluminum production application segment accounted for more than 15% of the overall fluorspar market share in 2016. Automobile demand has witnessed fast growth owing to increasing income levels in the emerging economies. The aircraft manufacturing industry has also witnessed fast gains owing to growing number of air passengers in the world. These factors coupled with increasing defense spending in most of the countries around the globe will bolster aluminum demand and in turn enhance the aluminum production application segment’s market growth.

North America fluorspar market will witness growth of more than 3.5% CAGR during the forecast period. The U.S. is the one of the largest consumers of the product and due to the absence of large sources of fluorspar in the country, most of the product is imported from Mexico. The product is mainly used in the U.S. to manufacture hydrofluoric acid and other fluorine compounds. The high growth observed in the U.S. oil & gas sector in the last few years will increase hydrofluoric acid demand for refining actives which will have a positive effect on the fluorspar market.

Europe is significant fluorspar market accounting for more than 15% share of the overall industry share. Germany, Italy, and France will drive demand for the product in the forecast timeframe. Increasing steel demand from a rapidly rising construction industry in Europe, mostly in the Eastern European region, will spur demand for fluorite to be used in steel production. Latin American market will witness steady gains of more than 3.5% CAGR in coming years. Proximity to Mexico, which is a second largest producer of fluorspar, will increase product processing activities in the region which will contribute towards the fluorspar market growth during the forecast timeframe.

Fluorspar Market Share

The key participants in the fluorspar market includes:

Mexichem
Centralfluor Industries Group,Inc
Zhejiang Wuyi Shenglong Flotation Co., Ltd
Minersa Group
China Kings Resources Group Co.,Ltd.
RUSAL
Seaforth Mineral & Ore Co
Kenya Fluorspar Company Ltd
British Fluorspar Ltd
Steyuan Mineral Resources Group Ltd
Masan Group
Mongolrostsvetmet LLC
Ying Peng Chemical Co.,Ltd
Canada Fluorspar
Groupe Managem.

Acquisitions are an important strategy that fluorspar market participants use to increase their industry presence and gain excess to new markets.

Industry Background

Fluorspar is a mineral composed of calcium and fluorine and is used for a variety of metallurgical, chemical and ceramic processes. They are also sometimes cut into gems to be used in ornamental objects. China, Mexico and Mongolia are the largest fluorite producers in the world. Asia Pacific will drive the fluorspar market growth owing to the presence of a large number of steel & aluminum manufacturing plants in the region. The high demand for fluorochemicals in a wide range of applications will also help the fluorspar market to grow during the forecast period.

Authors: Kiran Pulidindi, Akshay Prakash

Fluorspar Market Scope

Fluorspar Market Size
Fluorspar Market Trends

Fluorspar Market Analysis
Fluorspar Market Share

Report Content

Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Definitions & forecast parameters

1.2. Data sources

1.2.1. Secondary

1.2.2. Primary

Chapter 2. Executive Summary

2.1. Fluorspar industry 360° synopsis, 2013 – 2024

2.1.1. Business trends

2.1.2. Product by application trends

2.1.3. Application trends

2.1.4. Regional trends

Chapter 3. Fluorspar Industry Insights

3.1. Industry segmentation

3.2. Industry size and forecast, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1. Profit margin analysis

3.3.2. Value addition at each stage

3.3.3. Distributor channel analysis

3.3.4. Vendor matrix

3.3.4.1. List of key manufacturers

3.3.4.2. List of key/potential customers

3.4. Technology trends

3.4.1. Patent analysis

3.5. Industry impact forces

3.5.1. Growth drivers

3.5.1.1. Rising hydrofluoric acid demand around the globe

3.5.1.2. Rising steel & aluminum production in the Asia Pacific region

3.5.2. Industry pitfalls & challenges

3.5.2.1. Environmental concerns related to fluorspar mining

3.5.2.2. Environmental and health hazards related to chlorofluorocarbons and other fluorine compounds

3.6. Regulatory landscape

3.6.1. U.S.

3.6.2. Europe

3.6.3. China

3.7. Growth potential analysis

3.8. Competitive landscape

3.8.1. Strategic dashboard

3.9. Porter’s analysis

3.9.1. Supplier power

3.9.2. Buyer power

3.9.3. Threat of new entrants

3.9.4. Threat of substitutes

3.9.5. Industry rivalry

3.10. Regional price trends

3.10.1. Cost structure analysis

3.10.1.1. R & D cost

3.10.1.2. Manufacturing & equipment cost

3.10.1.3. Raw material cost

3.10.1.4. Distribution cost

3.10.1.5. Operating cost

3.10.1.6. Miscellaneous cost

3.10.2. Price by product

3.11. PESTEL analysis

Chapter 4. Fluorspar Market, Product by Application

4.1. Global fluorspar market share of product by application, 2016 & 2024

4.2. Acidspar

4.2.1. Market estimates and forecast by application, 2013 – 2024

4.2.1.1 Aluminum production

4.2.1.2 Steel production

4.2.1.3 Hydrofluoric acid production

4.2.1.4 Others

4.2.2. Market estimates and forecast by region, 2013 – 2024

4.3. Metaspar

4.3.1. Market estimates and forecast by application, 2013 – 2024

4.3.1.1 Aluminum production

4.3.1.2 Steel production

4.3.1.3 Hydrofluoric acid production

4.3.1.4 Others

4.3.2. Market estimates and forecast by region, 2013 – 2024

4.4. Ceramic

4.4.1. Market estimates and forecast by application, 2013 – 2024

4.4.1.1 Aluminum production

4.4.1.2 Steel production

4.4.1.3 Hydrofluoric acid production

4.4.1.4 Others

4.4.2. Market estimates and forecast by region, 2013 – 2024

4.5. Others

4.5.1. Market estimates and forecast by application, 2013 – 2024

4.5.1.1 Aluminum production

4.5.1.2 Steel production

4.5.1.3 Hydrofluoric acid production

4.5.1.4 Others

4.5.2. Market estimates and forecast by region, 2013 – 2024

Chapter 5. Fluorspar Market, By Application

5.1. Global fluorspar market share by application, 2016 & 2024

5.2. Aluminum production

5.2.1. Market estimates and forecast, 2013 - 2024

5.2.2. Market estimates and forecast by region, 2013 – 2024

5.3. Steel production

5.3.1. Market estimates and forecast, 2013 - 2024

5.3.2. Market estimates and forecast by region, 2013 – 2024

5.4. Hydrofluoric acid production

5.4.1. Market estimates and forecast, 2013 - 2024

5.4.2. Market estimates and forecast by region, 2013 – 2024

5.5. Others

5.5.1. Market estimates and forecast, 2013 - 2024

5.5.2. Market estimates and forecast by region, 2013 – 2024

Chapter 6. Fluorspar Market, By Region

6.1. Global fluorspar market share by region, 2016 & 2024

6.2. North America

6.2.1. North America market estimates and forecast, 2013 - 2024

6.2.2. North America market estimates and forecast of product by application, 2013 – 2024

6.2.3. North America market estimates and forecast by application, 2013 – 2024

6.2.4. U.S.

6.2.4.1. U.S. market estimates and forecast, 2013 - 2024

6.2.4.2. U.S. market estimates and forecast of product by application, 2013 – 2024

6.2.4.3. U.S. market estimates and forecast by application, 2013 – 2024

6.2.5. Canada

6.2.5.1. Canada market estimates and forecast, 2013 - 2024

6.2.5.2. Canada market estimates and forecast of product by application, 2013 – 2024

6.2.5.3. Canada market estimates and forecast by application, 2013 – 2024

6.3. Europe

6.3.1. Europe market estimates and forecast, 2013 - 2024

6.3.2. Europe market estimates and forecast of product by application, 2013 – 2024

6.3.3. Europe market estimates and forecast by application, 2013 – 2024

6.3.4. Germany

6.3.4.1. Germany market estimates and forecast, 2013 - 2024

6.3.4.2. Germany market estimates and forecast of product by application, 2013 – 2024

6.3.4.3. Germany market estimates and forecast by application, 2013 – 2024

6.3.5. UK

6.3.5.1. UK market estimates and forecast, 2013 - 2024

6.3.5.2. UK market estimates and forecast of product by application, 2013 – 2024

6.3.5.3. UK market estimates and forecast by application, 2013 – 2024

6.3.6. France

6.3.6.1. France market estimates and forecast, 2013 - 2024

6.3.6.2. France market estimates and forecast of product by application, 2013 – 2024

6.3.6.3. France market estimates and forecast by application, 2013 – 2024

6.3.7. Spain

6.3.7.1. Spain market estimates and forecast, 2013 - 2024

6.3.7.2. Spain market estimates and forecast of product by application, 2013 – 2024

6.3.7.3. Spain market estimates and forecast by application, 2013 – 2024

6.3.8. Italy

6.3.8.1. Italy market estimates and forecast, 2013 - 2024

6.3.8.2. Italy market estimates and forecast of product by application, 2013 – 2024

6.3.8.3. Italy market estimates and forecast by application, 2013 – 2024

6.3.9. Russia

6.3.9.1. Russia market estimates and forecast, 2013 - 2024

6.3.9.2. Russia market estimates and forecast of product by application, 2013 – 2024

6.3.9.3. Russia market estimates and forecast by application, 2013 – 2024

6.4. Asia Pacific

6.4.1. Asia Pacific market estimates and forecast, 2013 - 2024

6.4.2. Asia Pacific market estimates and forecast of product by application, 2013 – 2024

6.4.3. Asia Pacific market estimates and forecast by application, 2013 – 2024

6.4.4. China

6.4.4.1. China market estimates and forecast, 2013 - 2024

6.4.4.2. China market estimates and forecast of product by application, 2013 – 2024

6.4.4.3. China market estimates and forecast by application, 2013 – 2024

6.4.5. India

6.4.5.1. India market estimates and forecast, 2013 - 2024

6.4.5.2. India market estimates and forecast of product by application, 2013 – 2024

6.4.5.3. India market estimates and forecast by application, 2013 – 2024

6.4.6. Japan

6.4.6.1. Japan market estimates and forecast, 2013 - 2024

6.4.6.2. Japan market estimates and forecast of product by application, 2013 – 2024

6.4.6.3. Japan market estimates and forecast by application, 2013 – 2024

6.4.7. Australia

6.4.7.1. Australia market estimates and forecast, 2013 - 2024

6.4.7.2. Australia market estimates and forecast of product by application, 2013 – 2024

6.4.7.3. Australia market estimates and forecast by application, 2013 – 2024

6.4.8. Indonesia

6.4.8.1. Indonesia market estimates and forecast, 2013 - 2024

6.4.8.2. Indonesia market estimates and forecast of product by application, 2013 – 2024

6.4.8.3. Indonesia market estimates and forecast by application, 2013 – 2024

6.4.9. Malaysia

6.4.9.1. Malaysia market estimates and forecast, 2013 - 2024

6.4.9.2. Malaysia market estimates and forecast of product by application, 2013 – 2024

6.4.9.3. Malaysia market estimates and forecast by application, 2013 – 2024

6.4.10. South Korea

6.4.10.1. South Korea market estimates and forecast, 2013 - 2024

6.4.10.2. South Korea market estimates and forecast of product by application, 2013 – 2024

6.4.10.3. South Korea market estimates and forecast by application, 2013 – 2024

6.5. Latin America (LATAM)

6.5.1. Latin America market estimates and forecast, 2013 - 2024

6.5.2. Latin America market estimates and forecast of product by application, 2013 – 2024

6.5.3. Latin America market estimates and forecast by application, 2013 – 2024

6.5.4. Brazil

6.5.4.1. Brazil market estimates and forecast, 2013 - 2024

6.5.4.2. Brazil market estimates and forecast of product by application, 2013 – 2024

6.5.4.3. Brazil market estimates and forecast by application, 2013 – 2024

6.5.5. Mexico

6.5.5.1. Mexico market estimates and forecast, 2013 - 2024

6.5.5.2. Mexico market estimates and forecast of product by application, 2013 – 2024

6.5.5.3. Mexico market estimates and forecast by application, 2013 – 2024

6.6. Middle East & Africa (MEA)

6.6.1. Middle East & Africa market estimates and forecast, 2013 - 2024

6.6.2. Middle East & Africa market estimates and forecast of product by application, 2013 – 2024

6.6.3. Middle East & Africa market estimates and forecast by application, 2013 – 2024

6.6.4. South Africa

6.6.4.1. South Africa market estimates and forecast, 2013 - 2024

6.6.4.2. South Africa market estimates and forecast of product by application, 2013 – 2024

6.6.4.3. South Africa market estimates and forecast by application, 2013 – 2024

6.6.5. GCC

6.6.5.1. GCC market estimates and forecast, 2013 - 2024

6.6.5.2. GCC market estimates and forecast of product by application, 2013 – 2024

6.6.5.3. GCC market estimates and forecast by application, 2013 – 2024

Chapter 7. Company Profiles

7.1. Mexichem S.A.B. de C.V.

7.1.1. Business overview

7.1.2. Financial data

7.1.3. Product landscape

7.1.4. Strategic outlook

7.1.5. SWOT analysis

7.2. Centralfluor Industries Group,Inc.

7.2.1. Business overview

7.2.2. Financial data

7.2.3. Product landscape

7.2.4. Strategic outlook

7.2.5. SWOT analysis

7.3. Zhejiang Wuyi Shenglong Flotation Co., LTD

7.3.1. Business overview

7.3.2. Financial data

7.3.3. Product landscape

7.3.4. Strategic outlook

7.3.5. SWOT analysis

7.4. MINERSA GROUP

7.4.1. Business overview

7.4.2. Financial data

7.4.3. Product landscape

7.4.4. Strategic outlook

7.4.5. SWOT analysis

7.5. Seaforth Mineral & Ore Co.

7.5.1. Business overview

7.5.2. Financial data

7.5.3. Product landscape

7.5.4. Strategic outlook

7.5.5. SWOT analysis

7.6. Kenya Fluorspar Company Ltd.

7.6.1. Business overview

7.6.2. Financial data

7.6.3. Product landscape

7.6.4. Strategic outlook

7.6.5. SWOT analysis

7.7. British Fluorspar Ltd

7.7.1. Business overview

7.7.2. Financial data

7.7.3. Product landscape

7.7.4. Strategic outlook

7.7.5. SWOT analysis

7.8. China Kings Resources Group Co.,Ltd.

7.8.1. Business overview

7.8.2. Financial data

7.8.3. Product landscape

7.8.4. Strategic outlook

7.8.5. SWOT analysis

7.9. Masan Group

7.9.1. Business overview

7.9.2. Financial data

7.9.3. Product landscape

7.9.4. Strategic outlook

7.9.5. SWOT analysis

7.10. Mongolrostsvetmet LLC.

7.10.1. Business overview

7.10.2. Financial data

7.10.3. Product landscape

7.10.4. Strategic outlook

7.10.5. SWOT analysis

7.11. Steyuan Mineral Resources Group Ltd

7.11.1. Business overview

7.11.2. Financial data

7.11.3. Product landscape

7.11.4. Strategic outlook

7.11.5. SWOT analysis

7.12. Ying Peng Chemical Co.,Ltd

7.12.1. Business overview

7.12.2. Financial data

7.12.3. Product landscape

7.12.4. Strategic outlook

7.12.5. SWOT analysis

7.13. Canada Fluorspar

7.13.1. Business overview

7.13.2. Financial data

7.13.3. Product landscape

7.13.4. Strategic outlook

7.13.5. SWOT analysis

7.14. RUSAL

7.14.1. Business overview

7.14.2. Financial data

7.14.3. Product landscape

7.14.4. Strategic outlook

7.14.5. SWOT analysis

7.15. Groupe Managem

7.15.1. Business overview

7.15.2. Financial data

7.15.3. Product landscape

7.15.4. Strategic outlook

7.15.5. SWOT analysis

Authors: Kiran Pulidindi, Akshay Prakash

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Premium Report Details

Base Year: 2016

Companies covered: 15

Tables & Figures: 339

Countries covered: 19

Pages: 300

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