Cryolite Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019

Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Cryolite Market”. This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure. The oil & gas industry is associated with flammable and explosive materials resulting in high demand for fire protection systems. Cryolite is a mineral, with extremely limited natural occurrence. The mineral is chemically a double fluoride of aluminum and sodium. Cryolite was found exclusively in the west coast of Greenland, before getting exhausted in 1987. The demand for cryolite is now met by producing synthetic cryolite. Cryolite is one of the most important raw materials, for the process of extracting aluminum from its ore (alumina). The characteristics of synthetic cryolite is similar to that of the natural mineral, but synthetic cryolite often lacks the amount of sodium fluoride as observed in its natural counterpart.

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Synthetic cryolite can be obtained in a lot of ways, and the preferred mode of synthesis is determined by the availability and cost of the raw materials required. The most common method of synthesizing cryolite is by the reaction of hydrofluoric acid with alumina hydrate and soda ash. One of the primary drivers of the synthetic cryolite market is the tremendous growth in the aluminum market. Aluminum is one metal which has outpaced all others in its demand growth. Aluminum finds application in a host of end use industries such as transport, packaging, consumer goods, electrical goods, building and construction, machinery and equipments among others. Since cryolite is the principal material used in the molten electrolyte bath, for the extraction of aluminum, the growth in the aluminum market directly results in the growth in cryolite market. The...