Fluorspar is the raw material for fluorine-containing chemicals, and is the only source of fluorine for the chemical industry. Fluorspar is a mineral containing 30 to 98% calcium fluoride. It is used in the production of hydrochloric acid, steel, and aluminum. It is a domestic source of fluorine, and is an ore from which calcium fluoride is produced.
San Jose, CA (PRWEB) October 29, 2008 — World fluorspar market is projected to grow at a rate of 3% over the next five years to reach 6.8 million metric tons by 2012. Asia-Pacific, with an estimated share of 45% in 2008, accounts for the largest share of the global fluorspar market. The region is also forecast as the fastest growing market until 2015. Fluorspar consumption for the manufacture of hydrofluoric acid & aluminum fluoride is the largest, with an estimated share of over 81% in 2008.
Strict environmental legislation on the use of Chlorofluorocarbons (CFCs) is the main cause for sluggish fluorspar market. Growth of fluorspar is dependent on the use of hydrofluorocarbons (HFCs) as an alternative to CFCs. HFC-134a is in compliance with the environmental standards, without any ozone diminishing substances. HFC-134a is the substitute for CFC 12 in automotive air conditioners, and is applied as propellant in tire inflators and aerosols, and as refrigerant in latest commercial refrigerators and chillers.
Fluorspar: A Global Strategic Business Report
The primary growth area of fluorspar depends on the progress of non-ozone depleting refrigerants. Fluorspar consumption is directly related to the production and demand of hydrofluorocarbons (HFCs). The growth in demand is due to a major swing from the fluorine-lean CFCs to fluorine-rich HCFCs and HFCs.
The prices of fluorspar are dependent on product quality and are usually fixed on an annual contract basis. The overall demand for metallurgical-grade fluorspar is low due to sluggish US and world economy. The rise in domestic steel production would give an opportunity for fluorspar growth.
These and other market data and trends are presented in “Fluorspar: A Global Strategic Business Report” published by Global Industry Analysts, Inc. This GIA report discusses the prevailing trends, issues, demand forecasts, and activities that affect the industry. The fluorspar market is analyzed in thousand metric tons by the following geographic regions – United States, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America; and end-use segments – Hydrofluoric Acid & Aluminum Fluoride, Basic Oxygen Furnaces, Electric Furnaces and Other End Uses. Analytics for the period 1991-2015 provide a comprehensive understanding of the market.
Dominant global forces profiled in the report include INEOS Fluor, Glebe Mines Ltd., Minersa Minerales Y Productos Derivados S.A., Moodie Mineral Company, Seaforth Mineral & Ore Co., Inc., Sallies Limited, Vergenoeg Mining Company (Pty) Limited, and Zhejiang Yingpeng Chemical Co., Ltd. among several others. The study enumerates recent developments, mergers, acquisitions, and other strategic industry activities, and is an easy guide to What, Why, When, How, Where, and Who of the industry.
For more details about this research report, please visit http://www.strategyr.com/Fluorspar_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Email press @ strategyR.com
Web Site http://www.StrategyR.com/