Global Fluorspar Market: Asia Pacific Led with 60% Share in Terms of Volume in 2014

Transparency Market Research has published a new report titled “Fluorspar (Acidspar, Metspar, Ceramic, and Others) Market for Aluminum Production, Steel Production, Hydrofluoric Acid, and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015–2023.” According to the report, the global fluorspar market was valued at US$2.19 bn in 2014 and is likely to reach US$3.49 bn in 2023, expanding at a CAGR of 5.4% between 2015 and 2023.

Fluorspar is an essential mineral ore, as it is used in the production of aluminum and steel. Fluorspar is differentiated depending on the content of CaF2. Also known as calcium fluorite, fluorspar is used widely in the production of aluminum, steel, hydrofluoric acid, and other applications. It is also employed in niche applications such as concrete additives and lithium-ion battery. Different types of fluorspar include acidspar, metspar, ceramic grade, and others (optical and lapidary grade). Acidspar is used extensively in the production of aluminum and hydrofluoric acid. Metspar is primarily employed in the metal manufacturing process to remove impurities such as sulfur and phosphorus. Ceramic grade fluorspar is used in the manufacture of specialty glass, enamelware, and ceramics. Fluorspar is employed in the production of hydrofluoric acid, which is further used to obtain various fluorochemicals such as hydrofluorocarbons (HFC) and hydrochlorofluorocarbons (HCFC).

Market dynamics of fluorspar are highly region-oriented and exhibit distinct trends in different regions. Asia Pacific accounted for the major share of the global fluorspar market in terms of production and demand in 2014. Currently, China dominates the fluorspar market in Asia Pacific; the country is a major producer and consumer of fluorspar. In terms of demand, Asia Pacific held over 60% share of the global fluorspar market by volume in 2014. Production in the region exceeds demand. North America followed Asia Pacific, while Europe constituted the third-largest share of the global fluorspar market in 2014. However, demand for fluorspar in North America and Europe is estimated to increase steadily due to rise in usage of hydrofluoric acid derivatives, aluminum, and steel in various industries. However, the steel production application dominates the fluorspar market in Asia Pacific owing to rising usage of steel in China and the Indian subcontinent. Steel and aluminum industries in Asia Pacific are projected to expand at a rapid pace during the forecast period.

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The fluorspar market in Asia Pacific is likely to maintain the fastest growth rate during the forecast period. Key players in the global fluorspar market include China Kings Resources Group Co., Ltd., Mexichem S.A.B. de C.V., and Kenya Fluorspar Company Ltd. (KFC).

The report provides in-depth analysis of the global fluorspar market in terms of volume (kilo tons) and revenue (US$ Mn). It includes current demand analysis and forecast of each application segment at the global and regional level. Regions analyzed include North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). Each region has been further sub-segmented into key countries and sub-regions. The report segments the global fluorspar market as follows:

Fluorspar Market – Product Segment Analysis

  • Acidspar
  • Metspar
  • Ceramic grade
  • Others (Including optical and lapidary grade)

Fluorspar Market – Application Analysis

  • Aluminum production
  • Steel production
  • Hydrofluoric acid
  • Others (Including concrete additives, lithium-ion battery, etc.)

Fluorspar Market – Regional Analysis

  • North America
    • S.
    • Rest of North America
  • Europe
    • Germany
    • Italy
    • Spain
    • K.
    • Bulgaria
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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