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Transparency Market
Research
Fluorspar Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2023
Published Date
10-Sep-2015
174 Page Report
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Press Release
Developing Products to Suit Price-Sensitivity of Developing Economies Creates New
Opportunity for Fluorspar Market: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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