Global Fluorspar Market to Breach US$2 bn mark by 2023 as Demand for Fluorochemicals Shows Upsurge

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Research
Fluorspar Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2023
Published Date
10-Sept-2015
174 Page Report
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Press Release
Developing Products to Suit Price-Sensitivity of Developing
Economies Creates New Opportunity for Fluorspar Market,
Says TMR
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Fluorspar Market
REPORT DESCRIPTION
Fluorspar Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
The leading players – China Kings Resources Group Co., Ltd, Mexichem S.A.B de C.V., Centralfluor Industries
Group, Inc., MINERSA Group, and Kenya Flourspar Company Ltd (KFC) – held a collective share of 37.2% in
the global fluorspar market in 2014. These players will focus on strategic acquisitions and mergers to fortify
their hold in the overall market.
“Though the degree of competition is high due to an oversupply of fluorspar in the market, vendors will have to
focus on introducing cheaper products due to price-sensitivity, especially in developing countries,” suggests the
lead author of this research report.The opportunity in the global fluorspar market will be worth US$3,489.7 mn
by 2023 as compared to US$2,193.0 mn in 2014, with the market surging at a CAGR of 5.4% between 2015
and 2023.
Fluorspar manufacturers are also tying up with final product manufacturers to acquire steady supply contracts
and build goodwill. The market will also witness the entry of new players, especially in the emerging economies
of the Middle East and Africa and Asia Pacific as there are abundant reserves of fluorspar in South Africa and
China.
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Demand for Cooling Equipment Generates Demand for Fluorochemicals
The growing demand for refrigerators and other types of cooling equipment in residential as well as
commercial sectors is anticipated to augment the demand for fluorochemicals. Advanced cooling systems
being developed by the automotive sector are also driving the demand for fluorochemicals. Both of these
trends are especially pronounced in developing countries such as India and China. These countries have been
witnessing rapid urbanization and are home to major automobile manufacturing units. The increasing sales of
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air conditioners and refrigerators due to a rise in the standard of living is anticipated to fuel the uptake of
fluorochemicals, thereby increasing the consumption of fluorspar in the near future.
The rising production of steel and aluminum in BRIC nations has also contributed significantly to the expanding
fluorspar market. Analysts predict that infrastructural developments in these countries and the need for steady
transportation and construction activities will also bolster the fluorspar market.
Restriction on Ozone-depleting Substances Hampers Market Growth
Despite several growth drivers, the market is hampered by stringent government regulations aimed at
protecting the ozone layer in the wake of global warming. The Montreal Protocol signed in 1987 urges about 22
countries across the globe to reduce the production and consumption of chlorofluorocarbons (CFCs) and
hydrochlorofluorocarbons (HCFCs) to prevent the depletion of the ozone layer. Over the years, such
restrictions have had a negative impact on the demand for fluorspar.
Asia Pacific Remains Leading Consumer and Producer of Fluorspar during Forecast Period
The acidspar segment holds a dominant share in the global market and is expected to lead the market in the
coming years. The high demand for acidspar in the hydrochloric acid industry is expected to boost this product
segment in the near future. The report states that the acidspar product segment will represent an opportunity
worth US$2,523.1 mn in 2023 as it expands at a CAGR of 5.6% between 2015 and 2023.
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Currently, Asia Pacific is the leading producer and consumer of fluorspar. China and Japan have been driving
the demand for fluorspar in Asia Pacific and are expected to lead the region with high production levels of steel
and aluminum.
This review is based on Transparency Market Research’s report, titled “Fluorspar Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”
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Key Takeaways:
•
Demand for refrigeration to create opportunity worth US$3,489.7 mn in global fluorspar by 2023
•
Asia Pacific fluorspar market expands at 5.9% CAGR as manufacturing activities rise
•
Acidspar becomes the leading product segment of the global market
The report segments the global fluorspar market as follows:
Fluorspar Market - Product Segment Analysis
•
Acidspar
•
Metspar
•
Ceramic grade
•
Others (Including optical and lapidary grade)
Fluorspar Market - Application Analysis
•
Aluminum production
•
Steel production
•
Hydrofluoric acid
•
Others (Including concrete additives, lithium-ion battery, etc.)
Fluorspar Market - Regional Analysis
North America
•
U.S.
•
Rest of North America
Europe
•
Germany
•
Italy
•
Spain
•
U.K.
•
Bulgaria
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Fluorspar Market
•
Rest of Europe
Asia Pacific
•
China
•
Japan
•
ASEAN
•
Rest of Asia Pacific
Latin America
•
Brazil
•
Rest of Latin America
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TABLE OF CONTENT
Chapter 1 Preface
1.1 Research Description
1.2 Research Scope
1.3 Assumptions
1.4 Market Segmentation
1.5 Research Methodology
Chapter 2 Executive Summary
2.1 Global Fluorspar Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
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2.2 Global Fluorspar Market: Market Snapshot
Chapter 3 Fluorspar Market - Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
3.3.1 Rising Demand for Fluorochemical to Drive Fluorspar Market
3.3.2 Growing Aluminum and Steel Production Expected to Boost Fluorspar Market
3.4 Restraints
3.4.1 Environment Restrictions for Fluorocarbon Chemicals Likely to Restrain Fluorspar Market
3.5 Opportunity
3.5.1 Fluorspar Uses in Li-ion Batteries to Act as Opportunity
3.5.2 Growing Consumption of Cement in Construction Industry Across the World is Projected to Act as
Opportunity for Fluorspar
3.6 Porter’s Five Forces Analysis
3.6.1 Bargaining Power of Suppliers
3.6.2 Bargaining Power of Buyers
3.6.3 Threat of New Entrants
3.6.4 Threat of Substitutes
3.6.5 Degree of Competition
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3.7 Market Attractiveness Analysis
3.8 Company Market Share Analysis, 2014
Chapter 4 Price Trend Analysis
4.1 Fluorspar Manufacturing Process
4.2 Global Fluorspar Price Trend, 2014–2023 (US$/Ton)
Chapter 5 Fluorspar Market – Product Segment Analysis
5.1 Fluorspar Market: Product Segment Overview
5.1.1 Global Fluorspar Market for Acidspar, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.1.2 Global Fluorspar Market for Metspar, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.1.3 Global Fluorspar Market for Ceramic grade, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.1.4 Global Fluorspar Market for Others, 2014 – 2023 (Kilo Tons) (US$ Mn)
Chapter 6 Fluorspar Market – Application Analysis
6.1 Fluorspar Market: Application Overview
6.1.1 Global Fluorspar Market for Aluminum production, 2014 – 2023 (Kilo Tons) (US$ Mn)
6.1.2 Global Fluorspar Market for Steel production, 2014 – 2023 (Kilo Tons) (US$ Mn)
6.1.3 Global Fluorspar Market for Hydrofluoric acid, 2014 – 2023 (Kilo Tons) (US$ Mn)
6.1.4 Global Fluorspar Market for Others, 2014 – 2023 (Kilo Tons) (US$ Mn)
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Chapter 7 Fluorspar Market - Regional Analysis
7.1 Global Fluorspar Market: Regional Overview
7.1.1 North America Fluorspar Market – By Regional Sub-segment, 2014 – 2023
7.2 North America Fluorspar Market
7.2.1 North America Fluorspar Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
7.2.2 North America Fluorspar Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
7.2.3 North America Fluorspar Market, Volume by Application, 2014 - 2023 (Kilo Tons)
7.2.4 North America Fluorspar Market, Revenue by Application, 2014 - 2023 (US$ Mn)
7.2.5 US Fluorspar Market
7.2.5.1 U.S. Fluorspar Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
7.2.5.2 U.S. Fluorspar Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
7.2.5.3 U.S. Fluorspar Market, Volume by Application, 2014 - 2023 (Kilo Tons)
7.2.5.4 U.S. Fluorspar Market, Revenue by Application, 2014 - 2023 (US$ Mn)
7.2.6 Rest of North America Fluorspar Market
7.2.6.1 Rest of North America Fluorspar Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
7.2.6.2 Rest of North America Fluorspar Market, Revenue by Product Segment, 2014 - 2023 (US$
Mn)
7.2.6.3 Rest of North America Fluorspar Market, Volume by Application, 2014 - 2023 (Kilo Tons)
7.2.6.4 Rest of North America Fluorspar Market , Revenue by Application, 2014 - 2023 (US$ Mn)
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7.3 Europe Fluorspar Market- By Regional Sub-segment, 2014-2023
7.4 Europe Fluorspar Market
7.4.1 Europe Fluorspar Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
7.4.2 Europe Fluorspar Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
7.4.3 Europe Fluorspar Market, Volume by Application, 2014 - 2023 (Kilo Tons)
7.4.4 Europe Fluorspar Market, Revenue by Application, 2014 - 2023 (US$ Mn)
7.4.5 Germany Fluorspar Market
7.4.5.1 Germany Fluorspar Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
7.4.5.2 Germany Fluorspar Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
7.4.5.3 Germany Fluorspar Market, Volume by Application, 2014 - 2023 (Kilo Tons)
7.4.5.4 Germany Fluorspar Market, Revenue by Application, 2014 - 2023 (US$ Mn)
7.4.6 Italy Fluorspar Market
7.4.6.1 Italy Fluorspar Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
7.4.6.2 Italy Fluorspar Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
7.4.6.3 Italy Fluorspar Market, Volume by Application, 2014 - 2023 (Kilo Tons)
7.4.6.4 Italy Fuorspar Market, Revenue by Application, 2014 - 2023 (US$ Mn)
7.4.7 Spain Fluorspar Market
7.4.7.1 Spain Fluorspar Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
7.4.7.2 Spain Fluorspar Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
7.4.7.3 Spain Fluorspar Market, Volume by Application, 2014 - 2023 (Kilo Tons)
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7.4.7.4 Spain Fluorspar Market, Revenue by Application, 2014 - 2023 (US$ Mn)
7.4.8 U.K. Fluorspar Market
7.4.8.1 U.K. Fluorspar Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
7.4.8.2 U.K. Fluorspar Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
7.4.8.3 U.K. Fluorspar Market, Volume by Application, 2014 - 2023 (Kilo Tons)
7.4.8.4 U.K. Fluorspar Market, Revenue by Application, 2014 - 2023 (US$ Mn)
7.4.9 Bulgaria Fluorspar Market
7.4.9.1 Bulgaria Fluorspar Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
7.4.9.2 Bulgaria Fluorspar Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
7.4.9.3 Bulgaria Fluorspar Market, Volume by Application, 2014 - 2023 (Kilo Tons)
7.4.9.4 Bulgaria Fluorspar Market, Revenue by Application, 2014 - 2023 (US$ Mn)
7.4.10 Rest of Europe Fluorspar Market
7.4.10.1 Rest of Europe Fluorspar Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
7.4.10.2 Rest of Europe Fluorspar Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
7.4.10.3 Rest of Europe Fluorspar Market, Volume by Application, 2014 - 2023 (Kilo Tons)
7.4.10.4 Rest of Europe Fluorspar Market, Revenue by Application, 2014 - 2023 (US$ Mn)
7.5 Asia Pacific Fluorspar Market- By Regional Sub-segment, 2014-2023
7.6 Asia Pacific Fluorspar Market
7.6.1 Asia Pacific Fluorspar Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
7.6.2 Asia Pacific Fluorspar Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
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7.6.3 Asia Pacific Fluorspar Market, Volume by Application, 2014 - 2023 (Kilo Tons)
7.6.4 Asia Pacific Fluorspar Market, Revenue by Application, 2014 - 2023 (US$ Mn)
7.6.5 China Fluorspar Market
7.6.5.1 China Fluorspar Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
7.6.5.2 China Fluorspar Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
7.6.5.3 China Fluorspar Market, Volume by Application, 2014 - 2023 (Kilo Tons)
7.6.5.4 China Fluorspar Market, Revenue by Application, 2014 - 2023 (US$ Mn)
7.6.6 Japan Fluorspar Market
7.6.6.1 Japan Fluorspar Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
7.6.6.2 Japan Fluorspar Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
7.6.6.3 Japan Fluorspar Market, Volume by Application, 2014 - 2023 (Kilo Tons)
7.6.6.4 Japan Fluorspar Market, Revenue by Application, 2014 - 2023 (US$ Mn)
7.6.7 ASEAN Fluorspar Market
7.6.7.1 ASEAN Fluorspar Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
7.6.7.2 ASEAN Fluorspar Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
7.6.7.3 ASEAN Fluorspar Market, Volume by Application, 2014 - 2023 (Kilo Tons)
7.6.7.4 ASEAN Fluorspar Market, Revenue by Application, 2014 - 2023 (US$ Mn)
7.6.8 Rest of Asia Pacific Fluorspar Market
7.6.8.1 Rest of Asia Pacific Fluorspar Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
7.6.8.2 Rest of Asia Pacific Fluorspar Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
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7.6.8.3 Rest of Asia Pacific Fluorspar Market, Volume by Application, 2014 - 2023 (Kilo Tons)
7.6.8.4 Rest of Asia Pacific Fluorspar Market, Revenue by Application, 2014 - 2023 (US$ Mn)
7.7 Latin America Fluorspar Market- By Regional Sub-segment, 2014-2023
7.8 Latin America Fluorspar Market
7.8.1 Latin America Fluorspar Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
7.8.2 Latin America Fluorspar Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
7.8.3 Latin America Fluorspar Market, Volume by Application, 2014 - 2023 (Kilo Tons)
7.8.4 Latin America Fluorspar Market, Revenue by Application, 2014 - 2023 (US$ Mn)
7.8.5 Brazil Fluorspar Market
7.8.5.1 Brazil Countries Fluorspar Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
7.8.5.2 Brazil Fluorspar Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
7.8.5.3 Brazil Fluorspar Market, Volume by Application, 2014 - 2023 (Kilo Tons)
7.8.5.4 Brazil Fluorspar Market, Revenue by Application, 2014 - 2023 (US$ Mn)
7.8.6 Rest of Latin America Fluorspar Market
7.8.6.1 Rest of Latin America Fluorspar Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
7.8.6.2 Rest of Latin America Fluorspar Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
7.8.6.3 Rest of Latin America Fluorspar Market, Volume by Application, 2014 - 2023 (Kilo Tons)
7.8.6.4 Rest of Latin America Fluorspar Market, Revenue by Application, 2014 - 2023 (US$ Mn)
7.9 Middle East & Africa Fluorspar Market- By Regional Sub-segment, 2014-2023
7.10 Middle East & Africa Fluorspar Market
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7.10.1 Middle East & Africa Fluorspar Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
7.10.2 Middle East & Africa Fluorspar Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
7.10.3 Middle East & Africa Fluorspar Market, Volume by Application, 2014 - 2023 (Kilo Tons)
7.10.4 Middle East & Africa Fluorspar Market, Revenue by Application, 2014 - 2023 (US$ Mn)
7.10.5 GCC Countries Fluorspar Market
7.10.5.1 GCC Countries Fluorspar Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
7.10.5.2 GCC Countries Fluorspar Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
7.10.5.3 GCC Countries Fluorspar Market, Volume by Application, 2014 - 2023 (Kilo Tons)
7.10.5.4 GCC Countries Fluorspar Market, Revenue by Application, 2014 - 2023 (US$ Mn)
7.10.6 South Africa Fluorspar Market
7.10.6.1 South Africa Fluorspar Market, Volume by Product Segment, 2014 - 2023 (Kilo Tons)
7.10.6.2 South Africa Fluorspar Market, Revenue by Product Segment, 2014 - 2023 (US$ Mn)
7.10.6.3 South Africa Fluorspar Market, Volume by Application, 2014 - 2023 (Kilo Tons)
7.10.6.4 South Africa Fluorspar Market, Revenue by Application, 2014 - 2023 (US$ Mn)
7.10.7 Rest of Middle East & Africa Fluorspar Market
7.10.7.1 Rest of Middle East & Africa Fluorspar Market, Volume by Product Segment, 2014 - 2023
(Kilo Tons)
7.10.7.2 Rest of Middle East & Africa Fluorspar Market, Revenue by Product Segment, 2014 - 2023
(US$ Mn)
7.10.7.3 Rest of Middle East & Africa Fluorspar Market, Volume by Application, 2014 - 2023 (Kilo
Tons)
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7.10.7.4 Rest of Middle East & Africa Fluorspar Market, Revenue by Application, 2014 - 2023 (US$
Mn)
Chapter 8 Company Profiles
8.1 Jianyang Shanshui Chemicals Industry CORP. LTD.
8.2 Mexichem S.A.B. de C.V.
8.3 MINERSA Group
8.4 Kenya Fluorspar Company Ltd (KFC)
8.5 Tertiary Minerals plc
8.6 Seaforth Mineral & Ore Co., Inc.
8.7 China Kings Resources Group Co., Ltd.
8.8 British Fluorspar Ltd
8.9 Mongolrostsvetmet LLC
8.10 Masan Group
Chapter 9 Primary Findings
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Fluorspar Market
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An uptick in the production of steel and aluminum, especially in developing regions where industrialization is occurring at a frantic pace, will help drive up the demand for fluorspar in the near future. Owing to this factor, the global fluorspar market is forecast to expand at a 5.4% CAGR between 2015 and 2023, says Transparency Market Research in a recently published study. By 2023, the fluorspar market will rise to US$3.49 bn, up substantially from its 2014 value of US$2.19 bn. Fluorspar is more commonly known as fluorite. Being the mineral form of calcium fluoride, the chemical formula of fluorspar is CaF2. However, the recent years have seen a fluctuation in the supply of fluorspar, which has brought about a certain degree of uncertainty in the global fluorspar market. Despite this, the Asia Pacific region will continue to demonstrate strong demand for fluorspar – a factor that will largely contribute to the sustained demand for fluorspar in the global market.