Developing Products to Suit Price-Sensitivity of Developing Economies Creates New Opportunity for Fluorspar Market.Pdf

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Fluorspar Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast 2015 - 2023

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10-Sep-2015

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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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