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Fluorspar market Size, Share, Forecasts, Key Players Like British Fluorspar, Mexichem, Kenya Fluorspar Company, RUSAL
Fluorspar Market
Prominent suppliers of fluorspar market are British Fluorspar, Zhejiang Wuyi Shenglong Flotation, Mexichem, Centralfluor Industries Group, Kenya Fluorspar Company, RUSAL, Seaforth Mineral, China Kings Resources Group, Groupe Managem, Minersa Group, Mongolrostsvetmet, Canada Fluorspar, Masan Group, Steyuan Mineral Resources and Ying Peng Chemical, among others.
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Global fluorspar market share from the ceramic segment is anticipated to grow at nearly 7.5% CAGR up to 2024. Acidspar and meatspar jointly recorded for over 95% of the total market share and metspar being the second largest segment of the global material industry is expected to breach the US$1 billion mark by 2024 in annual value.
Based on product application, the global fluorspar industry is classified into four major segments that include, steel production, aluminum production, hydrofluoric acid, and others. The Fluorspar segment has the highest share in the market, and on the other hand, the hydrofluoric acid application share is expected to exceed US$2 billion by 2024.
As more than 60% of the world’s total population resides in the Asia Pacific, and infrastructural development was at its peak in this region, before the COVID-19 pandemic struck. APAC dominates the global fluorspar market share, anticipated to surpass 60% by 2024.
Major key players in the fluorspar market are Mexichem S.A.B. de C.V., Centralfluor Industries Group,Inc., Zhejiang Wuyi Shenglong Flotation Co. Ltd, MINERSA GROUP, Seaforth Mineral & Ore Co., Kenya Fluorspar Company Ltd., British Fluorspar Ltd, China Kings Resources Group Co.,Ltd., Masan Group, Mongolrostsvetmet LLC., Steyuan Mineral Resources Group Ltd, Ying Peng Chemical Co.,Ltd, Canada Fluorspar, RUSAL, and Groupe Managem.
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