Fluorspar is the commercial name for the mineral fluorite (calcium fluoride CaF2). Commercially fluorspar is graded according to quality and attributes into acid grade, ceramic grade and metallurgical grade. It generally develops well formed cubic crystals exhibiting a wide range of colors. The end use is determined by the grade of the fluorspar. Almost two thirds of the world’s production of fluorspar is used for the manufacturing of hydrofluoric acid (HF). Hydrofluoric acid is used as a feedstock for the manufacturing of fluorine containing compounds like fluoropolymers and fluorocarbons. Fluorspar is also used as a flux in the steel making and in the production of aluminum while a small proportion is used in the production of opaque glasses and enamels.
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China is the leading producer and consumer of fluorspar. China utilizes its fluorspar reserves to produce hydrofluoric acid and fluorocarbons, incorporating them in the downstream activities. It is estimated that China produces about 53% of the total world’s fluorspar. The rapid industrialization of the BRIC countries has led to the increased consumption of fluorspar. South Africa has the largest reserves of fluorspar followed by Mexico, China, Mongolia and Spain.
The global fluorspar market consumes approximately 5.6 million tons per annum at an estimated value of USD 1.6 billion. Hydrofluoric acid and aluminum fluoride make up the largest end use segment of fluorspar. Aluminum fluoride and synthetic cryolite derivates of acid grade fluorspar are the major fluorine compounds, which find extensive use in aluminum smelting. Growing automotive sector is a major factor driving the growth of aluminum and consequently fluorspar.
Some of the key players in the global hybrid vehicle market are Mexichem Fluor, Moodie Mineral Company, RUSAL, Minersa Minerales, Caanadafluorspar, Seaforth Mineral & Ore Co. Inc., Zhejiang Yingpeng Chemical Co. Ltd. and Sallies Limited.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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