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Global Fluorspar Acid Grade Market Expected To Reach $2.565 Billion By The End Of 2027
Fluorspar Acid Grade is a fine grained material composed of 51.1% calcium and 48.9% fluorine. It is generally 97% - 99.9% calcium fluoride depending on the deposits, mining techniques and processing techniques. Fluorspar Acid Grade is a type of fluorspar. The purest grades of fluorite are a source of fluoride for hydrofluoric acid manufacture, which is the intermediate source of most fluorine-containing fine chemicals. Fluorspar which contains CaF2 more than 95% is the Fluorspar Acid Grade. Fluorite (also called fluorspar) is the mineral form of calcium fluoride, CaF2. It belongs to the halide minerals. Fluorite is a colorful mineral, both in visible and ultraviolet light, and the stone has ornamental and lapidary uses. Industrially, fluorite is used as a flux for smelting, and in the production of certain glasses and enamels. A report from Industry Research projected that the Fluorspar Acid Grade market revenue which was $1,337 Million USD in 2019, will reach $1,681 Million USD in 2025, with a CAGR of 3.89% during 2020-2025. Another article from MarketWatch.com added that in 2021, the global Fluorspar Acid Grade market size was USD 1388 million and it is expected to reach USD 2565.8 million by the end of 2027, with a CAGR of 8.9% during 2021-2027. In United States the Fluorspar Acid Grade market size is expected to grow… (through) 2027, at a CAGR of % during the forecast period. Active stocks in the mining markets this week include Ares Strategic Mining Inc. (OTCQB: ARSMF) (TSX-V: ARS), The Metals Company (NASDAQ: TMC), EMX Royalty Corporation (NYSE: EMX) (TSXV: EMX), Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR), NexGen Energy Ltd. (NYSE: NXE) (TSX: NXE).
Yet another report from Market Reports World said In 2020, the global Fluorspar Acid Grade market size was US$ 1388 million and it is expected to reach US$ 2565.8 million by the end of 2027, with a CAGR of 8.9% between 2021 and 2027. Statista also said that China was the world's largest miner of fluorspar as of 2020, having produced 4.3 million metric tons. Fluorspar, also known as fluorite, is the mineral form of calcium fluoride. It is used as a flux for smelting, in the production of enamels and glasses, as well as ornamental uses. The Market Reports report added that China is the largest Fluorspar Acid Grade market with about 54% market share. Mexico is follower, accounting for about 18% market share. Market Research Future added: "One of the development drivers of the Worldwide Fluorspar Market Trends is the expanding utilization of aluminum in the auto business. The expanding auto-creation across the globe will drive the interest for aluminum in the auto business and, subsequently, the interest for aluminum fluoride, which, thus, will drive the interest for the hydrogen fluoride market in the estimated time frame."