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Global Fluorspar Market-Industry Analysis and Forecast (2020-2027)
The Global Fluorspar Market was valued US$ X.X Bn and is expected to reach 2.5 Bn by 2027, at a CAGR of 3.8% during a forecast period.
Market Definition: In 2019 approximately 7.8 Mn tonnes of fluorspar were manufactured universally. World Wide easy import and export facility trend is giving numerous opportunities for fluorspar market and to the competitive player competing in the market. Documented export price of fluorspar, all over the world is roughly $432 per tonne and estimated to grow with 5.2% and expected to show constant growth in coming year. Distributing price may vary country to country. The Global Fluorspar market was valued US$ X.5Bn and is expected to reach 2.5 Bn by 2027, at a CAGR of 3.8% during a forecast period. Regionally, Asia Pacific region is expected to dominate the market, approximately 30-35% of market share is documented by this region. Present fluorspar cost in the market is approximately XX US$ globally and expected to rise owing to increase in the demand of Fluorspar method to treat the disease globally. China documented as largest manufacturer in globally.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Various Factors to Determine balance of supply and demand of acid spar in the Market:
• Factors affecting the supply
1. Export-policy of China
2. New projects (green-field, brownfield, met-spar upgrading).
3. Capacity expansion of existing producers
• Factors affecting the demand
4. Development of HF-market.
5. Alternatives to replace acid spar
6. Development of the downstream markets (fluorocarbons, fluoropolymers, AlF3).