Calcium Fluoride Market is forecast to reach $1828.19 million by 2025, after growing at a CAGR of 8% during 2020-2025. With rise in the consumption of aluminum products from the end user industry will upsurge the market in the forecast period. Calcium Fluoride is the primary source of fluorine in the production of hydrogen fluoride and calcium sulfate across globe. The report covers Fluoride Market size by type and applications, Fluoride Market share by top 5 companies and also the market share by start-ups during the forecast period.
Download Sample Report : https://www.industryarc.com/pdfdownload.php?id=17693
Type – Segment Analysis
Greater than 97% Calcium Fluoride held the largest share in the Calcium Fluoride market in 2019. Greater than 97% calcium fluoride mainly represents metallurgical and ceramic grade fluorspar, consumed in metallurgical industry, glass industry, ceramic industry and others. According to Product Complexity Index, Fluorspar, Greater than 97% calcium fluoride are the 3479th most traded product and the 3980th most complex product in 2018. Globally major exporters of fluorspar, Greater than 97% calcium fluoride are Mangolia ($67.1 million) followed by Mexico ($64.6 million), China ($41.9 million), The Netherland ($9 million) and Italy ($5.66 million) according to Observatory of Economic Complexity (OEC) in 2018. Whereas the top importers were Russia ($34.3 million), China ($28.7 million), Japan ($18 million), Turkey ($15.6 million) and the United States ($15.2 million).
Application – Segment Analysis
Metallurgical Industry has been the primary market for Calcium Fluoride. Calcium fluoride is found in the form of mineral fluorite which is used in applications such as aluminum metallurgy, welding agents, optical and others. The demand for aluminum products from the automotive and aerospace industry will propagate the calcium fluorite market. Due to increase in the global middle class spending and absence of effective alternatives to fossil fuels, the consumption of Calcium Fluoride has always been considerably high in automotive application in comparison to other applications.
China has the largest automotive industry in the world and one of the largest civilian aircraft markets. According to OICA, China held 35 percent share in global passenger cars sales in 2017. India also has excellent potential for automotive industry growth in the future. The country’s automotive industry experienced 8% growth in production in 2018, over the previous year. With more than 11 million vehicles traveling on the U.S. roads, which is 11.5 percent of the total vehicles in the world as reported by the OICA in 2017, there will be tremendous demand for Calcium Fluoride in the automotive application.
Geography – Segment Analysis
APAC dominated the Calcium Fluoride market with a share of more than 38%, followed by North America and Europe. The calcium fluoride market growth in Asia Pacific is augment to grow owing to increase in automotive production and rapid industrialisation in the region. The industrialisation was supported by exports, and coordinated economic policies across sectors and over time. Due to increased demand for glass from the construction industry over the forecast period, the North American region is expected to see fair growth. Additionally, substantial growth is also anticipated in the European region as a result of increased demand for the product during the forecast period in welding joints, alumina products and brake lining.
Drivers – Calcium Fluoride Market
Aluminum has many uses across various end use industries including, Automotive, Aerospace, Marine, Packaging, Construction, Consumer durables, electronics, machinery and others. Aluminum recovery from scrap has become an important component of the aluminum industry. Global energy intensity of overall aluminium production fell by 1.1% in 2017, compared with annual reductions of 1.7% in 2010?16. The global primary aluminum production reached 64.3 million metric tons in 2018. According to the International Aluminum Institute (IAI), China and accounted for over 40 million metric tons of aluminum in 2018. The future of the aerospace industry is bright and will be characterized by strong aircraft demand for the foreseeable future. The number of commercial passenger and cargo aircraft fleet, as well as the annual number of passengers, are forecast to double over the next two decades. The increase in aircraft fleet will propel the consumption of aluminum in the production of fleets.
Challenges – Calcium Fluoride Market
Fluorosilic acid is used for the production of aluminum fluoride (AlF3), but AlF3 derived from fluorosilic acid is not readily substituted by AlF3 produced from fluorspar due to different physical properties. Fluorosilicic acid has been used to produce hydrogen fluoride, but this practice has not been widely adopted. The preferred product is currently aqueous hydrogen fluoride rather than fluorspar. Aluminum smelting dross, borax, calcium chloride, iron oxides, manganese ore, silica sand, and titanium dioxide have been used as substitutes for fluorspar fluxes.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Calcium Fluoride market. In 2019, the market of Calcium Fluoride has been consolidated by the top five players accounting for xx% of the share. Major players in the Calcium Fluoride Market are Solvay SA, American Element, Fluorchemie Group, Super Conductor Materials Inc., and Aldon Corporation, among others.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to firstname.lastname@example.org to discuss more about our consulting services.