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Fluorspar Market Snapshot & Fluorspar Market Overview
Fluorspar Market Snapshot
The global fluorspar market is valued at 7,591 kilotons in 2021. The market is expected to grow at a CAGR of greater than 7% during the forecast period.
One of the main factors driving the market is growing demand of fluorspar from fluorspar extracted chemicals. However, environmental regulation on extraction of chemicals from fluorspar is expected to hinder the growth of the market studied.
- Major factors driving the market studied are the growing demand from fluorspar extracted chemicals and increasing steel production.
- On the flipside, environmental regulation on extraction of chemicals from fluorspar has been hindering the market growth significantly.
- Increasing use of fluorspar made fluoropolymers in lithium batteries is expected to create opportunities for the market studied.