Fluorspar is a calcium fluoride mineral that occurs naturally. Fluorspar can be found in various forms, including acid, metal, and optical mineral. It is an essential industrial mineral with numerous applications. Because of its high melting point, it is employed in the manufacture of steel, aluminum, hydrofluoric acid, and other industrial chemicals. Fluorspar is also utilized in the fabrication of vitreous enamels and glazes, optical lenses, and as a gemstone.

Global Fluorspar Market was valued at USD 2.02 billion in 2021 and is expected to reach USD 2.86 billion by 2029, registering a CAGR of 4.46% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

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Scope of the Fluorspar Market Report: 

The fluorspar market is segmented on the basis of product type, variety, forms and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Acidspar
• Metspar
• Ceramic Grade
• Optical Grade
• Lapidary Grade

Variety

• Antozonite
• Blue John
• Chlorophane
• Yttrocerite
• Yttrofluorite
• Others

Forms

• Powder
• Lump
• Filter Cake

Application

• Aluminum Production
• Steel Production
• Hydrofluoric Acid
• Concrete Additives
• Lithium-Ion Battery

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Some of the major players operating in the fluorspar market are

• Tertiary Minerals (U.K.)
• Orbia (Mexico)
• Masan Group (Vietnam)
• ZHEJIANG WUYI SHENLONG FLOATATION CO LTD. (China)
• Dupont (U.S.)
• Minchem Impex (India)
• Mongolrostsvetmet LLC (Mongolia)
• Kenya Fluorspar Company Ltd. (Kenya)
• MINERSA GROUP (Spain)
• Seaforth Mineral & Ore Co., (U.S.)
• BASF SE (Germany)
• Puremin (Mexico)
• China Kings Resources Group Co., Ltd. (China)
• Mongolian Copper Corporation (Mongolia)

Fluorspar Market Regional Analysis/Insights

The Fluorspar market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.

The countries covered in the Fluorspar market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Fluorspar within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Fluorspar market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.