New York, USA, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Calcium Fluoride Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Calcium Fluoride Market Information by Application, End User, And Region - Forecast till 2030”, the market is estimated to grow at a 8% CAGR to reach USD 1.9 Billion by 2030.
Market Synopsis
The manufacturing of calcium sulfate and hydrogen fluoride around the world uses calcium fluoride, an inorganic chemical made of calcium and fluorine that has been the first major source of fluorine. It is a solid white hue in the mineral fluorite, also known as fluorspar. One of the most well-known and valuable inorganic compounds is calcium fluoride (fluorspar). Due to its unique qualities, it serves various functions in both domestic and industrial settings. It serves several uses, including the metallurgy of aluminum, the production of various welding agents, the manufacture of glass, and optical purposes. Some beauty items have also been created using it. The market will experience growth during the forecast period due to an increase in the end-user industry's use of aluminum goods. The main source of fluorine used to create calcium sulfate, and hydrogen fluoride around the world is calcium fluoride.
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Report Scope:
| Report Attribute | Details |
| Market Size in 2030 | USD 1.9 Billion |
| CAGR | 8% (2022–2030) |
| Base Year | 2021 |
| Forecast Period | 2022–2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Application, End User, And Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Rise in demand for aluminum products in both automotive and aerospace industries. |
| The rise in production automotive and its sales across the whole of the world. |
Market Competitive Landscape:
The prolific contenders in the calcium fluoride market are:
- KPL International Limited
- Mitsui Mining and Smelting Co., Ltd
- Honeywell International Inc.
- Super Conductor Materials Inc.
- Solvay SA
- Reade International Corp.
- American Element
- GFS Chemicals Inc.
- Fluorchemie Group
- Alufluor AB
- Corning Incorporated
- Aldon Corporation
- Among others.
Market U.S.P. Covered:
Market Drivers:
The size of the calcium fluoride market is increased by growth in automobile production, sales, and investments across the globe. The improvement of living conditions and advancements in interior design contribute to market expansion. Numerous end-use industries employ aluminum for many purposes, including automotive, aeronautical, marine, packaging, construction, durable goods, electronics, machinery, and others. Strong aircraft demand will continue to be important in the aerospace industry's promising future. Over the next twenty years, it is anticipated that both the fleet size of corporate passenger and cargo airplanes and the yearly passenger volume will double. The production of fleets will need more aluminum due to the growing fleet of aircraft. Demand for cars is increasing as their production is improved and sales are rising globally. The production of more brake lining materials and aluminum end products presents a profitable potential for boosting the market's size and expansion. The government is expanding its investments in infrastructure development and making every effort to increase residential construction-related activities to increase the calcium fluoride market size.
Market Restraints:
Aluminum fluoride (AlF3) is made from fluorosilicic acid; however, AlF3 made from fluorspar cannot easily replace AlF3 made from fluorosilicic acid due to its distinct physical properties. Although fluorosilicic acid was used to create hydrogen fluoride, this method is not very popular. Fluorspar is not now favored over aqueous hydrogen fluoride. An important issue facing the calcium fluoride market is the uneven recovery in various end sectors and regions. Although it accelerates market expansion, raising people's living standards presents a significant barrier for the calcium fluoride sector. The market's size was disrupted due to the aluminum industries' closure. Borax, iron oxides, manganese ore, and some of the borax's parts are suitable substitutes for calcium fluoride, making them a difficult factor for growth.
Browse In-depth Market Research Report (140 Pages) on Calcium Fluoride https://www.marketresearchfuture.com/reports/calcium-fluoride-market-1648
COVID 19 Analysis
Companies rapidly increasing their capacity to meet the short-term COVID-induced demand must exercise caution when interpreting these rare demand patterns. The calcium fluoride market industry's development will be shaped by social, financial, trade, and political changes following the pandemic, along with anticipated changes in environmental legislation. During COVID-19, the calcium fluoride market revealed conflicting results for several applications and regions. The COVID hard strike has caused supply chain disruption, which has had an impact on customer behavior. The government's adoption of lockdown and shutdown has impeded the sector's growth.
Market Segmentation
By end-use industry, the market includes automotive, chemical, construction, iron & steel, and optical industry. By application, the market includes aluminum metallurgy, welding agents, glass manufacturing, optics, and hydrogen fluoride.
Regional Insights
With a market share of more than 38%, APAC led the calcium fluoride market, which Europe and North America headed. Due to the region's fast industrialization and increased vehicle production, the calcium fluoride market in Asia-Pacific is expected to continue to expand. Exports and synchronized economic policy across sectors and throughout time aided industrialization. The North American area is anticipated to develop moderately over the projection period due to growing demands for glass from the building industry. During the evaluation period, the North American region has a modest market share, followed by the European and Latin American zones. A spike in demand for goods used in welding joints, brake linings, and other products has caused unanticipated growth in the European market. Africa, the Middle East, and Latin America are all experiencing exponential expansion. The expansion and market size will increase if significantly more money is invested in this business and more products from the construction and automotive industries are produced. Due to rising demand for the product throughout the projection period in welding joints, alumina products, and brake lining, significant growth is also expected in the European region.
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