Global Fluorspar Market Report and Forecast 2023-2028

Global Fluorspar Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global fluorspar market attained a value of USD 3083.7 million in 2022. Aided by the increasing demand from various end-use industries such as steel, aluminium, and chemical, the market is projected to further grow at a CAGR of 9.5% between 2023 and 2028 to reach a value of USD 5290.2 million by 2028.

Fluorspar, also known as fluorite, is a mineral composed of calcium fluoride (CaF2). It is used as a flux in the production of steel, aluminium, and other metals, as well as a raw material in the chemical industry for the production of hydrofluoric acid, which is further used to produce fluorocarbons, fluoropolymers, and other fluoride chemicals. Fluorspar is also utilised in the manufacturing of glass, ceramics, and cement, among other applications. The growing demand for fluorspar in various end-use industries, such as steel, aluminium, and chemical, is driving the growth of the fluorspar market. Fluorspar is an essential component in the production of steel and aluminium, as it helps remove impurities and improves the fluidity of molten metal. The increasing demand for steel and aluminium in the construction, automotive, and aerospace sectors is positively impacting the consumption of fluorspar.

Another key factor propelling the growth of the fluorspar market is the rising demand for hydrofluoric acid in the chemical industry. The growing demand for these chemicals in various industries, such as automotive, electronics, and pharmaceuticals, is contributing to the growth of the fluorspar market. The increasing demand for fluorspar in the glass and ceramics industry is also driving the market growth. Fluorspar is used as a flux in the production of glass and ceramics, helping to reduce the melting temperature of raw materials and improving the properties of the final products.

The rising demand for high-quality glass and ceramics in various applications, such as consumer electronics, solar panels, and construction, is further boosting the consumption of fluorspar. Moreover, the growing adoption of energy-efficient technologies, such as electric vehicles and renewable energy systems, is another trend positively impacting the fluorspar market. The market is also benefiting from the increasing investments in research and development to find new applications for fluorspar and improve its production process.

Market Segmentation

The market can be divided on the basis of product type, application, and region.

Market Breakup by Product Type:

  • Acidspar
  • Breakup by Application
Aluminium Production

Hydrofluoric Acid Production

Others
  • Metaspar
  • Breakup by Application
Steel Production

Cement Production

Ceramic

Others

Market Segmentation by Application:
  • Aluminium Production
  • Steel Production
  • Hydrofluoric Acid Production
  • Lithium-ion Battery
  • Others
Market Division by Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global fluorspar companies. Some of the major key players explored in the report by Expert Market Research are as follows:
  • 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
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*We at Expert Market Research always strive 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 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

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