Fluorspar, a naturally occurring mineral that is composed of fluoride, is found in areas of recent volcanic activity or hydrothermal fluids. It often has a pastel color, due to the presence of iron.  Although a small amount of fluorspar still makes its way into ornaments, the vast majority serves a different purpose across different end-user industries.

Market Dynamics:

Growing demand for fluorocarbon derived products for production of welding road, steel, and, aluminium is expected to drive growth of the fluorspar market. Also, growing demand from oil and gas industry coupled with the increasing penetration of electric vehicle are again projected to propel market growth. For instance, according to the Coherent Market Insights analysis, in 2020, consumer spending on electric vehicles reached USD 120 billion, registering 50% increase from 2019. Parallelly, governments around the world spent USD 14 billion to promote electric vehicle sales, up by 25% from the previous year, owing primarily to increased incentives in Europe.

On the other hand, strict environmental regulation regarding extraction of fluorocarbon is expected to hinder market growth.

Key features of the study:

• This report provides in-depth analysis of the global fluorocarbon market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global fluorocarbon market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Fluorsid (British Fluorspar), Canada Fluorspar, China Kings Resources Group Co. Ltd, Kenya Fluorspar, Koura, Masan Resources, MINCHEM IMPEX India Private Limited, Minersa Group, Mongolrostsvetmet LLC, RUSAL, Sallies Ltd, Steyuan Mineral Resources Group Ltd, and Seaforth Mineral & Ore Co.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global fluorocarbon market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global fluorocarbon market

Detailed Segmentation:

• Global Fluorspar Market, Grade:
• • Acid Grade
  • Ceramic Grade
  • Metallurgical Grade
  • Optical Grade
  • Lapidary Grade
• Global Fluorspar Market, Variety (Qualitative Analysis Only):
• • Antozonite
  • Blue John
  • Chlorophane
  • Yttrocerite
  • Yttrofluorite
  • Other Varieties
• Global Fluorspar Market, Application:
• • Metallurgical
  • Ceramics
  • Chemicals
  • Other Applications
• Global Fluorspar Market, Geography:
• • Asia-Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa