Fluorspar Market
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>Fluorspar</strong> <strong>Market</strong><br />
air conditioners and refrigerators due to a rise in the standard of living is anticipated to fuel the uptake of<br />
fluorochemicals, thereby increasing the consumption of fluorspar in the near future.<br />
The rising production of steel and aluminum in BRIC nations has also contributed significantly to the expanding<br />
fluorspar market. Analysts predict that infrastructural developments in these countries and the need for steady<br />
transportation and construction activities will also bolster the fluorspar market.<br />
Restriction on Ozone-depleting Substances Hampers <strong>Market</strong> Growth<br />
Despite several growth drivers, the market is hampered by stringent government regulations aimed at<br />
protecting the ozone layer in the wake of global warming. The Montreal Protocol signed in 1987 urges about 22<br />
countries across the globe to reduce the production and consumption of chlorofluorocarbons (CFCs) and<br />
hydrochlorofluorocarbons (HCFCs) to prevent the depletion of the ozone layer. Over the years, such<br />
restrictions have had a negative impact on the demand for fluorspar.<br />
Asia Pacific Remains Leading Consumer and Producer of <strong>Fluorspar</strong> during Forecast Period<br />
The acidspar segment holds a dominant share in the global market and is expected to lead the market in the<br />
coming years. The high demand for acidspar in the hydrochloric acid industry is expected to boost this product<br />
segment in the near future. The report states that the acidspar product segment will represent an opportunity<br />
worth US$2,523.1 mn in 2023 as it expands at a CAGR of 5.6% between 2015 and 2023.<br />
Browse The Full Research Report : http://www.transparencymarketresearch.com/fluorspar-market.html<br />
Currently, Asia Pacific is the leading producer and consumer of fluorspar. China and Japan have been driving<br />
the demand for fluorspar in Asia Pacific and are expected to lead the region with high production levels of steel<br />
and aluminum.<br />
This review is based on Transparency <strong>Market</strong> Research’s report, titled “<strong>Fluorspar</strong> <strong>Market</strong> - Global Industry<br />
Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”<br />
Transparency <strong>Market</strong> Research<br />
3
Change language