Key Market Trends of Fluorspar

Growing Demand of Fluorspar from Fluorspar Extracted Chemicals

Fluorspar is the mineral form of calcium fluoride which belongs to the halide minerals and crystallizes in isometric cubic habit.

Pure fluorspar is transparent, both in visible and ultraviolet light, but impurities usually make it a colorful mineral used as stone in ornamental and lapidary applications.

Some of the other minor application of fluorspar used in fluorocarbon derived products are in the manufacturing of welding road, aluminium, and steel. Furthermore, in the past the fluorocarbon-based chemicals were used in the production of chlorofluorocarbon (CFC). However, due to its environmental limitations, the fluorspar based (hydrochlorofluorocarbon) HCFC has replaced CFC in recent times.

According to world steel association, global crude steel production in the year 2021 reached 1,911.9 million ton, increased by 3.6% compared to 2020 due to the rebound after covid-19. The demand of steel seems to be recovering and it is expected to increase significantly in the forecasted period, especially from the Asia-pacific region.

Hence such rising demand for extracted chemicals for the end-user sector is estimated to drive the demand for fluorspar in the study period