Global Fluorspar Market rise to US$3.49 bn, at 5.4% CAGR between 2015 and 2023.

A recent market research report published by Transparency Market Research presents a detailed analysis of the global fluorspar market, an ore that finds primary application in the production of crucial industrial products such as hydrofluoric acid, steel, and aluminum. The report states that the global fluorspar market, which had a net valuation of US$2.19 bn in 2014, will expand at a 5.4% CAGR between 2015 and 2023 and rise to US$3.49 bn by 2023.The report is titled “Fluorspar Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023” and is available on the company website for sale.

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Fluorspar finds application in a number of industries. The rapid development of the steel and aluminum industries, the chief consumers of fluorspar, across the globe is the key driving force of the global fluorspar market.The report categorizes the global fluorspar market on the basis of three criteria: product types, application areas, and regional markets. Based on the key product types, the market is segmented into acidspar, ceramic grade fluorspar, metspar, and other varieties such as optical and lapidary grade fluorspar.

Key application areas of fluorspar studied in the report include production of steel, aluminum, hydrochloric acid, and other fields such as lithium-ion batteries and concrete additives. Application-wise, the global acidspar market is expected to benefit the most from hydrochloric acid production over the report’s forecast period. In 2014, over 50% of the global fluorspar market was held by the global hydrofluoric acid market.

Of the key product types studied in the report, the market for acidspar generates the major share of revenue in the global fluorspar market. In 2014, acidspar accounted for over 55% of the global market. Acidspar earns a major share of its demand from the hydrochloric acid industry, which, in turn, serves the fluorocarbon industry. Metspar finds large-scale application in the production of steel. Thus, the flourishing steel industry is expected to boost demand for metspar in the years to come.

Geography-wise, the market is segmented into North America, Asia Pacific, Europe, and Latin America. The market for fluorspar generates its major share of revenue from the Asia Pacific regional market, the largest global producer of steel. In 2014, nearly 60% of the overall fluorspar market was accounted for by the Asia Pacific market, primarily owing to the high consumption of fluorspar in the steel industry of China. Apart from China, major steel producing countries in Asia Pacific, including India, Japan, and South Korea also generated significant demand for fluorspar in 2014. The Asia Pacific market for fluorspar was followed by North America and Europe.

Browse the full 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 report at : http://www.transparencymarketresearch.com/fluorspar-market.html

The report presents an in-depth analysis of the competitive landscape of the global fluorspar market, wherein detailed business profiles of some of the market’s key businesses are examined. Companies mentioned in the report include British Fluorspar Ltd., Jianyang Shanshui Chemicals Industry Corp. Ltd., China Kings Resources Group Co., Ltd., Kenya Fluorspar Company Ltd. (KFC), Mongolrostsvetmet LLC, and Mexichem S.A.B. de C.V.

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
  • U.S.
  • Rest of North America
• Europe
  • Germany
  • Italy
  • Spain
  • U.K.
  • Bulgaria
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America

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