About Fluorite
Fluorite is also known as fluorspar, and it occurs in a wide range of geological environments. The most commercially important deposit types include stratiform replacement deposits in carbonate rocks; hydrothermal veins and stockworks associated with felsic igneous rocks; skarns and other contact metamorphic rocks; residual deposits in the regolith; and at the margin of carbonatite and alkali igneous rock complexes. Fluorite is an important industrial mineral that is used as a raw material in the metallurgical, optical and lapidary, ceramic and chemical industries. It often shows fluorescence, a phenomenon which has derived its name from the mineral itself and not the other way round as is commonly perceived.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 2.0% |
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product.The Vendors having a strong hold in the market are Minersa Group, Kenya Fluorspar Company Ltd, Solvay, and Mexichem S.A.B. de C.V. Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global Fluorite market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Minersa Group (Spain), Kenya Fluorspar Company Ltd (Kenya), Solvay (Belgium), Mexichem S.A.B. de C.V (Mexico), Tertiary Minerals plc (United Kingdom), Fluorsid Group Srl (Italy), Steyuan Mineral Resources Group Ltd (China), British Fluorspar Ltd (United Kingdom), Seaforth Mineral & Ore Co., Inc (United States) and Masan Group (Vietnam) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are ZHEJIANG WUYI SHENLONG FLOATATION CO LTD. (China) and Centralfluor Industries Group, Inc. (China).
Segmentation Overview
AMA Research has segmented the market of Global Fluorite market by Type (Dry Powder, Lump, Filter Cake and Others) and Region.
On the basis of geography, the market of Fluorite has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Purity, the sub-segment i.e. Acid Spar will boost the Fluorite market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Metallurgy will boost the Fluorite market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing demand for Hydrofluoroolefins Refrigerant in Refrigeration will continue to grow in Emerging Economies
Market Growth Drivers:
Rising Steel and Aluminium Industry Globally and Increasing in Demand from Steel and Aluminium Industry
Challenges:
Availability of Other Alternative Chemicals
Restraints:
Strict Environmental Policies Implemented by Various Countries
Opportunities:
Increasing Demand from the Commercial Sector
Market Leaders and their expansionary development strategies
In October 2023, Chemours Company, a leading global provider of titanium dioxide and fluorochemicals, announced plans to acquire the mining chemicals business of Foran Mining Corporation. This move aims to strengthen Chemours' position in the global fluorspar market.
On November 9, 2023, Solvay, a Belgian multinational chemical company, launched its new line of high-purity fluorspar products for the electronics industry. These new products are designed to meet the stringent requirements of semiconductor manufacturing.
Key Target Audience
Fluorite Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.