Fluorite Market By Deposit Type (Hydrothermal Veins & Stockworks, Stratiform Replacement Deposits, And Others), Grade (Acid Grade Fluorite, Ceramic Grade Fluorite, And Metallurgical Grade Fluorite), And Application (Chemical Industry, Building Material Industry, Metallurgical Industry, And Others) - Global Forecast 2019 To 2024
Overview Fluorite Market is forecast to reach $2.08 billion by 2025, after growing at a CAGR of 4.8% during 2020-2025. The improvement in mining sector’s performance in past few years has rebounded after facing slump in the market. Fluorite is an industrial mineral where nearly two thirds of the world’s fluorite production is used for manufacturing hydrofluoric acid. Key Takeaways Asia-Pacific dominates the fluorite market owing to huge production and high exports from China. Approximately one third of fluorite produced globally is of metallurgical grade and is used primarily for production of aluminum and flux in steel making. Fluorite is the raw material used in the production of hydrofluoric acid. The presence of alternative source of hydrofluoric acid such as calcium fluoride, depleted uranium hexafluoride, sodium fluoride and sodium fluorosilicate can affect the fluorite market growth. Grade- Segment Analysis Acid Grade Fluoriteheldthe largest share in the fluorite market in