Transparency Market Research Report Added "Fluorspar Market" to its database.
Albany, NY -- (SBWIRE) -- 12/01/2014 -- Fluorspar is the commercial name for the mineral fluorite (calcium fluoride CaF2). Commercially fluorspar is graded according to quality and attributes into acid grade, ceramic grade and metallurgical grade. It generally develops well formed cubic crystals exhibiting a wide range of colors. The end use is determined by the grade of the fluorspar. Almost two thirds of the world's production of fluorspar is used for the manufacturing of hydrofluoric acid (HF). Hydrofluoric acid is used as a feedstock for the manufacturing of fluorine containing compounds like fluoropolymers and fluorocarbons. Fluorspar is also used as a flux in the steel making and in the production of aluminum while a small proportion is used in the production of opaque glasses and enamels.
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China is the leading producer and consumer of fluorspar. China utilizes its fluorspar reserves to produce hydrofluoric acid and fluorocarbons, incorporating them in the downstream activities. It is estimated that China produces about 53% of the total world's fluorspar. The rapid industrialization of the BRIC countries has led to the increased consumption of fluorspar. South Africa has the largest reserves of fluorspar followed by Mexico, China, Mongolia and Spain.
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The global fluorspar market consumes approximately 5.6 million tons per annum at an estimated value of USD 1.6 billion. Hydrofluoric acid and aluminum fluoride make up the largest end use segment of fluorspar. Aluminum fluoride and synthetic cryolite derivates of acid grade fluorspar are the major fluorine compounds, which find extensive use in aluminum smelting. Growing automotive sector is a major factor driving the growth of aluminum and consequently fluorspar.
Some of the key players in the global hybrid vehicle market are Mexichem Fluor, Moodie Mineral Company, RUSAL, Minersa Minerales, Caanadafluorspar, Seaforth Mineral & Ore Co. Inc., Zhejiang Yingpeng Chemical Co. Ltd. and Sallies Limited.
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