Calcium Fluoride Market - Forecast(2021 - 2026)

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.

Report Coverage

The report: “Calcium Fluoride Market – Forecast (2019-2024)”, by IndustryARC, covers an in-depth analysis of the following segments of the Calcium Fluoride Market.

Key Takeaways

  • Asia-Pacific dominates the Calcium Fluoride market owing to rapid industrialization and automotive sector.  
  • Another niche but essential application of calcium fluoride is in the glass manufacturing as it exhibits impeccable properties such as shallow refractive index and is transparent in both infrared and ultraviolet wavelengths.

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.

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Location: United States

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