The Fluorspar Market size is estimated at 7.96 Million tons in 2024, and is expected to reach 9.01 Million tons by 2029, growing at a CAGR of 2.5% during the forecast period (2024-2029).
The outbreak of the COVID-19 pandemic resulted in prolonged lockdowns and strict social distancing norms. It also led to supply chain disruptions and a lack of labor, which greatly affected mining operations all over the globe. Additionally, a slump in steel demand further hampered fluorspar demand during this period.
The fluorspar market is partially consolidated, with only a few major players dominating the market. Some of the major companies (not in any particular order) are Mexichem Fluor SA de CV (Koura), China Kings Resources Group Co. Ltd., Mongolrostsvetmet LLC, Minersa Group, and Masan Resources.
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