Fluorspar Market

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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