Global Fluorspar Market Will Be Worth of Us$3.49 Bn in 2023, Expanding at a Cagr of 5.4% by 2023

Transparency Market

Research

Fluorspar Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast 2015 - 2023

Published Date

10-Sept-2015

174 Page Report

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Developing Products to Suit Price-Sensitivity of Developing

Economies Creates New Opportunity for Fluorspar Market,

Says TMR

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Fluorspar Market

REPORT DESCRIPTION

Fluorspar Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

The leading players – China Kings Resources Group Co., Ltd, Mexichem S.A.B de C.V., Centralfluor Industries

Group, Inc., MINERSA Group, and Kenya Flourspar Company Ltd (KFC) – held a collective share of 37.2% in

the global fluorspar market in 2014. These players will focus on strategic acquisitions and mergers to fortify

their hold in the overall market.

“Though the degree of competition is high due to an oversupply of fluorspar in the market, vendors will have to

focus on introducing cheaper products due to price-sensitivity, especially in developing countries,” suggests the

lead author of this research report.The opportunity in the global fluorspar market will be worth US$3,489.7 mn

by 2023 as compared to US$2,193.0 mn in 2014, with the market surging at a CAGR of 5.4% between 2015

and 2023.

Fluorspar manufacturers are also tying up with final product manufacturers to acquire steady supply contracts

and build goodwill. The market will also witness the entry of new players, especially in the emerging economies

of the Middle East and Africa and Asia Pacific as there are abundant reserves of fluorspar in South Africa and

China.

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