Report Description
The calcium fluoride market size was around USD 1.03 Bn in 2022 and is projected to reach USD 1.19 Bn by 2031, expanding at a CAGR of 8.2 % during 2023–2031. The growth of the market is attributed to the improvement in living standards, rise in infrastructural development investments, and advancements in technology.
Calcium fluoride is an inorganic compound that comprises calcium and fluorine, with the chemical formula CaF2. It is one of the primary sources of fluorine used to fabricate hydrogen fluoride and calcium sulfate. It is a white-colored solid found in the form of the mineral fluorite, named fluorspar.
The report finds that the COVID-19 pandemic hampered the overall revenue of the global calcium fluoride market due to the sharp decline in manufacturing consumer products worldwide. Preventive measures were imposed by governments across countries to curb the virus spread.
The prolonged shutdown of factories across industries had plummeted the overall demand for calcium fluoride. The sudden disruption in the supply chain especially the lack of timely supply of raw materials forced manufacturers to either delay or reschedule their existing projects.
Calcium Fluoride Market Dynamics
The global calcium fluoride market report has up-to-date insights that help formulate a strategic roadmap about the estimated market scenario and performance during 2023 to 2031.
Drivers
The calcium fluoride market is driven by the estimated rise in the demand for aluminum products in the automotive industry. The increasing disposable income and investments are estimated to grow the market size. The improvement in luxury home lifestyles and the need for enhanced interior design demands in the construction segment contributes to the increased market share.
Government investments in infrastructure development along with the increased investments in residential construction are projected to increase the calcium fluoride market size.
Restraints
The lack of a labor force and uncertainty of crude oil prices is estimated to affect the transportation of raw materials and the supply chain, which directly impacts the manufacturing and output rate fluctuations. Borax, manganese, and iron oxide ore are some of the alternatives used for calcium fluoride, this is anticipated to have a negative impact on the growth of the market.
Opportunities
The increased production of aluminum products and brake lining system materials creates lucrative opportunities to drive the calcium fluoride market size and its growth. Investments in product innovation and development in application methods accelerate market growth.
Scope of Calcium Fluoride Market Report
The report on the global calcium fluoride market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Calcium Fluoride Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2020 – 2021
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Forecast Period
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2023–2031
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Segmentation
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Product Type (Below 97% Calcium Fluoride and Above 97% Calcium Fluoride), Application (Aluminum Metallurgy, Welding Agents, Hydrogen Fluoride, Glass Manufacturing, Optics, and Others), and End-user (Construction, Automotive, Chemical, Optical Industry, Iron & Steel, and Others),
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Solvay; Reade International Corp.; American Elements; GFS Chemicals, Inc.; SkinNeutrAll; Fluorchemie Group; KPL International Limited; Mitsui Mining and Smelting Co.; Super Conductor Materials Inc.; and Alufluor.
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Calcium Fluoride Market Segment Insights
Based on product type, the market is divided into below 97% calcium fluoride and above 97% calcium fluoride. The above 97% calcium fluoride segment accounts for a key share of the market as it mainly represents metallurgical and ceramic grade fluorspar which is highly utilized in the metallurgical industry, ceramic industry, glass industry, and others.
According to the Observatory of Economic Complexity (OEC), global major exporters of greater than 97% calcium fluoride are Mexico, Canada, Vietnam, and China among others. These factors attribute to the growth of the above 97% calcium fluoride segment.
On the basis of application, the calcium fluoride market is segregated into aluminum metallurgy, welding agents, hydrogen fluoride, glass manufacturing, optics, and others. The aluminum metallurgical segment is projected to register a considerable CAGR during the forecast period as the aluminum metallurgical industry is estimated to be the primary application in the automotive and aerospace industries. The increased domestic and commercial applications contribute to the growth of the market.
On the basis of end-use, the calcium fluoride market is segmented into construction, automotive, chemical, optical industry, iron & steel, and others. The construction segment is expected to register a robust growth rate during the forecast period attributed to the significant rise in construction investments across various regions.
Interior designing as a part of the construction segment is estimated to require a high supply of calcium fluoride and its components. Additionally, aluminum products derived from calcium fluoride are used in the iron & steel industry. Thus, the application of calcium fluoride in interior designing and the iron & steel industry is projected to increase the market share in the construction segment. This leads to the growth of the market in two segments, that is construction and iron & steel segments.
In terms of region, the global calcium fluoride market is divided into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific accounted for a key share of the market attributed to the significantly high usage of the aluminum metallurgy segment. An increase in construction and glass manufacturing investments is projected to increase the calcium fluoride market share in Asia pacific.
Segments
Product Type
- Below 97% Calcium Fluoride
- Above 97% Calcium Fluoride
Application
- Aluminum Metallurgy
- Welding Agents
- Hydrogen Fluoride
- Glass Manufacturing
- Optics
- Others
End-user
- Construction
- Automotive
- Chemical
- Optical Industry
- Iron & Steel
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Solvay
- Reade International Corp.
- American Elements
- GFS Chemicals, Inc.
- SkinNeutrAll
- Fluorchemie Group
- KPL International Limited
- Mitsui Mining and Smelting Co.
- Super Conductor Materials Inc.
- Alufluor
Competitive Landscape
The key players competing in the global calcium fluoride market are Solvay; Reade International Corp.; American Elements; GFS Chemicals, Inc.; SkinNeutrAll; Fluorchemie Group; KPL International Limited; Mitsui Mining and Smelting Co.; Super Conductor Materials Inc.; and Alufluor.
These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide. For instance,
In March, 2021- SkinNeutrAll offers a solution to chemical incidents. The risk of injuries and infections increases when active and hazardous chemicals come in contact with the skin.
Table Of Content
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Calcium Fluoride Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Calcium Fluoride Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Calcium Fluoride Market - Supply Chain
4.5. Global Calcium Fluoride Market Forecast
4.5.1. Calcium Fluoride Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Calcium Fluoride Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Calcium Fluoride Market Absolute $ Opportunity
5. Global Calcium Fluoride Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Calcium Fluoride Market Size and Volume Forecast by Applications
5.3.1. Aluminum Metallurgy
5.3.2.
Welding Agents
5.3.3.
Hydrogen Fluoride
5.3.4.
Glass Manufacturing
5.3.5.
Optics
5.3.6.
Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Calcium Fluoride Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Calcium Fluoride Market Size and Volume Forecast by End Users
6.3.1. Construction
6.3.2.
Automotive
6.3.3.
Chemical
6.3.4.
Optical Industry
6.3.5.
Iron & Steel
6.3.6.
Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Calcium Fluoride Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Calcium Fluoride Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Calcium Fluoride Demand Share Forecast, 2019-2026
8. North America Calcium Fluoride Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Calcium Fluoride Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Calcium Fluoride Market Size and Volume Forecast by Applications
8.4.1. Aluminum Metallurgy
8.4.2.
Welding Agents
8.4.3.
Hydrogen Fluoride
8.4.4.
Glass Manufacturing
8.4.5.
Optics
8.4.6.
Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. North America Calcium Fluoride Market Size and Volume Forecast by End Users
8.7.1. Construction
8.7.2.
Automotive
8.7.3.
Chemical
8.7.4.
Optical Industry
8.7.5.
Iron & Steel
8.7.6.
Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Calcium Fluoride Demand Share Forecast, 2019-2026
9. Latin America Calcium Fluoride Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Calcium Fluoride Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Calcium Fluoride Market Size and Volume Forecast by Applications
9.4.1. Aluminum Metallurgy
9.4.2.
Welding Agents
9.4.3.
Hydrogen Fluoride
9.4.4.
Glass Manufacturing
9.4.5.
Optics
9.4.6.
Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Latin America Calcium Fluoride Market Size and Volume Forecast by End Users
9.7.1. Construction
9.7.2.
Automotive
9.7.3.
Chemical
9.7.4.
Optical Industry
9.7.5.
Iron & Steel
9.7.6.
Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Calcium Fluoride Demand Share Forecast, 2019-2026
10. Europe Calcium Fluoride Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Calcium Fluoride Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Calcium Fluoride Market Size and Volume Forecast by Applications
10.4.1. Aluminum Metallurgy
10.4.2.
Welding Agents
10.4.3.
Hydrogen Fluoride
10.4.4.
Glass Manufacturing
10.4.5.
Optics
10.4.6.
Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Europe Calcium Fluoride Market Size and Volume Forecast by End Users
10.7.1. Construction
10.7.2.
Automotive
10.7.3.
Chemical
10.7.4.
Optical Industry
10.7.5.
Iron & Steel
10.7.6.
Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Calcium Fluoride Demand Share Forecast, 2019-2026
11. Asia Pacific Calcium Fluoride Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Calcium Fluoride Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Calcium Fluoride Market Size and Volume Forecast by Applications
11.4.1. Aluminum Metallurgy
11.4.2.
Welding Agents
11.4.3.
Hydrogen Fluoride
11.4.4.
Glass Manufacturing
11.4.5.
Optics
11.4.6.
Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Asia Pacific Calcium Fluoride Market Size and Volume Forecast by End Users
11.7.1. Construction
11.7.2.
Automotive
11.7.3.
Chemical
11.7.4.
Optical Industry
11.7.5.
Iron & Steel
11.7.6.
Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Calcium Fluoride Demand Share Forecast, 2019-2026
12. Middle East & Africa Calcium Fluoride Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Calcium Fluoride Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Calcium Fluoride Market Size and Volume Forecast by Applications
12.4.1. Aluminum Metallurgy
12.4.2.
Welding Agents
12.4.3.
Hydrogen Fluoride
12.4.4.
Glass Manufacturing
12.4.5.
Optics
12.4.6.
Others
12.5. Basis Point Share (BPS) Analysis by Applications
12.6. Y-o-Y Growth Projections by Applications
12.7. Middle East & Africa Calcium Fluoride Market Size and Volume Forecast by End Users
12.7.1. Construction
12.7.2.
Automotive
12.7.3.
Chemical
12.7.4.
Optical Industry
12.7.5.
Iron & Steel
12.7.6.
Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Calcium Fluoride Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Calcium Fluoride Market: Market Share Analysis
13.2. Calcium Fluoride Distributors and Customers
13.3. Calcium Fluoride Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Solvay
13.4.2.
Reade International Corp.
13.4.3.
American Elements
13.4.4.
GFS Chemicals, Inc.
13.4.5.
SkinNeutrAll
13.4.6.
Fluorchemie Group
13.4.7.
KPL International Limited
13.4.8.
Mitsui Mining and Smelting Co.
13.4.9.
Super Conductor Materials Inc.
13.4.10.
Alufluor