The Asia-Pacific Metallurgical Grade Fluorspar Market size is estimated at 1.30 Million tons in 2024, and is expected to reach 1.47 Million tons by 2029, growing at a CAGR of greater than 2% during the forecast period (2024-2029).
The market was negatively impacted by COVID-19 in 2020. Metallurgical grade fluorspar can be used to aid the removal of impurities in metal production, including stainless steel production. It can be used as a flux to speed up the calcination process during the production of cement. Considering the pandemic scenario, metal manufacturing and construction activities were on a temporary halt during the government-imposed lockdown, thus leading to a decrease in the consumption of metallurgical grade fluorspar from the end-user sector, including construction and metal processing, which in turn negatively impacted the demand for the Asia-Pacific metallurgical grade fluorspar market.
The Asia-Pacific metallurgical grade fluorspar market is consolidated in nature. Some of the key players in the market include ( not in any particular order) Mexichem S.A.B. de C.V. (ORBIA), China Kings Resources Group Co., Ltd., Maharashtra Minerals Corporation Limited, Steyuan Mineral Resources Group Ltd., and Zhengzhou Rongsheng Kiln Refractory Co., Ltd., among others.
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