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